With the Dow Jones surge this week as Wall Street seems to be regaining momentum, a former economic advisor to Barack Obama has been making the rounds, telling to “anyone who will listen,” according to Politico, that the recovery could help get Donald Trump a second term in the White House.
Fox News spoke to Jason Furman, who now is a professor at Harvard, to hear the former Obama advisor explain that the economy can only get better after hitting a low in April. It may not recover as soon as some people expect, but he told Fox News’ Sandra Smith there will be “a lot of jobs created every month.”
According to Politico, that’s not such good news for Democrats hoping to oust Trump in November.
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Last month, Furman spoke to “a large bipartisan group” via Zoom, telling them, “We are about to see the best economic data we’ve seen in the history of this country.”
The Politico article added, “Depression-level economic catastrophe, Furman laid out a detailed case for why the months preceding the November election could offer Trump the chance to brag — truthfully — about the most explosive monthly employment numbers and gross domestic product growth ever.”
The economy was in decent shape just before the COVID-19 pandemic panic erupted in late February and early March, eventually causing businesses to close—some perhaps forever—and putting tens of millions of people out of work.
While Democrats have tried to put the blame squarely on the Trump administration, governors haven’t dodged the wrath of their constituents, either. In California, Michigan, Washington and several other states, gubernatorial “stay home” declarations that ostensibly fall within the parameters of each state’s emergency powers laws have brought angry demonstrators to several state capitols, including Lansing and Olympia.
The Washington Times is reporting about a new survey obtained by the newspaper showing voters in nine key battleground states “trust President Trump more than Democrat Joseph R. Biden to hold China accountable for the coronavirus crisis, and they overwhelmingly support Republicans’ proposal to shield small businesses from lawsuits related to the pandemic.”
The survey was reportedly done for America First Policies. It revealed that voters in Arizona, Florida, Georgia, Iowa, Michigan, North Carolina, Ohio, Pennsylvania and Wisconsin—states expected to decide the election—gave Trump “a 17-point advantage over the presumptive Democratic nominee, 50% to 33%, on being better able to stand up to China and hold it accountable for spreading the virus. Three out of four voters have a negative view of China.” Fifty-seven percent of voters in those swing states “favor punishing China for its role in the coronavirus outbreak,” the Washington Times said.
From all indications, Americans—especially the millions who lost their jobs and maybe their small businesses because of the coronavirus—hold China accountable and they want payback. So far, nearly 100,000 U.S. citizens have died, and the economy has been pounded.
But with Wall Street reopening this week, and plenty of upswing activity on the stock market, it appears Furman’s forecast might become a reality.
According to the Washington Times report, “The economy has replaced health care as the top concern of voters, in a Firehouse Strategies survey released on Wednesday. It showed that the economy was the top concern of 31% of voters, compared with 22% who said health care was their priority; the same poll in March showed health care was a greater concern than the economy by a similar margin.”
And with the election just over five months away, that apparently makes Democrats nervous.
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