The general election scenario that Democrats are dreading

[Texacon]

https://democraticunderground.com/100213487985


 

The thread NO DUmmie wants to participate in.

Newest Reality (9,799 posts)


The general election scenario that Democrats are dreading

 
"We are about to see the best economic data we’ve seen in the history of this country," says a top former economic adviser to Obama.

In early April, Jason Furman, a top economist in the Obama administration and now a professor at Harvard, was speaking via Zoom to a large bipartisan group of top officials from both parties. The economy had just been shut down, unemployment was spiking and some policymakers were predicting an era worse than the Great Depression. The economic carnage seemed likely to doom President Donald Trump’s chances at reelection.

Furman, tapped to give the opening presentation, looked into his screen of poorly lit boxes of frightened wonks and made a startling claim.

“We are about to see the best economic data we’ve seen in the history of this country,” he said.

The former Cabinet secretaries and Federal Reserve chairs in the Zoom boxes were confused, though some of the Republicans may have been newly relieved and some of the Democrats suddenly concerned.


https://www.politico.com/news/2020/05/26/2020-election-democrats-281470

NOOOooooooooo!!!!!  We can't have recovery!!!!  PLEASE!!

Me. (28,525 posts)

1. The Scare Tactic Meme Of The Day?

Andy823 (10,673 posts)

4. Could be, but

the day is not over, and it seems everyday there are numerous scare posts, both sides are guilty posts and numerous right wing crap posts from "concerned" people.

Girard442 (4,384 posts)

2. The only thing that's predictable now is that the rest of 2020 is unpredictable.

Well...Trump and the Republicans will always be assholes. That we can count on.

budkin (4,504 posts)

3. No way we dig out of this economic hole THIS YEAR

It's absolutely crazy to think so. It's literally not possible.

ProfessorGAC (39,309 posts)

5. That's Ridiculous

First, simple framing does the last 4 quarters.
They use Q3, we say "Not so fast. The year was..."
And, I'd like to know they expect 40 million people to be back to work, their bills up to date, and trigger sufficient consumption to be the best numbers ever.
Was the person who said this alive in the 90s?

alwaysinasnit (2,495 posts)

6. I don't think the natural disaster recovery model is appropriate for our current situation, mainly

because this pandemic won't be contained for quite a while. In the meantime, people are not getting rehired very quickly, and when they are, businesses are offering less compensation and benefits. We will still see prolonged economic pain for workers, and likely permanent shuttering of a great many small businesses. Besides that, people will likely spend much less in general given the economic instability facing most of the population. Added to all that, most of the congressionally authorized relief funds don't seem to be providing relief where they would be most effective. I doubt this economy will significantly recover for the vast majority of people by the end of October. But, hey, I'm a pessimist, so what do I know?

That's the whole of it at this point, and I'd bet dollars to donuts it sinks like a rock.  DUmmies don't like math.  Or even science unless they fit the narrative they want/need to defeat Trump ... or any Republican, really.

It's still funny.  Straight from one of their sites, quoting one of Obama's folks ...

 

KC

[FiddyBeowulf]

budkin (4,504 posts)

3. No way we dig out of this economic hole THIS YEAR

It's absolutely crazy to think so. It's literally not possible.

If a DUmmie thinks this is so, I know the opposite is going to happen.

[SVPete]

budkin (4,504 posts)

3. No way we dig out of this economic hole THIS YEAR

It's absolutely crazy to think so. It's literally not possible.

There's plenty of weasel room in the vague "dig out of this economic hole", but I think the economy will be doing well enough by September to have DU-member budkin howling at the Moon in frustration.

[Drafe Hoblin]

Karma for Dems never having a policy other than tax and spend. 

And for turning average law-abiding Americans into common-criminals.

[SVPete]

Imperial Japan's strategy for war with the US was the Big Battle, which they never got.

The Dems' strategy of the past ~3 1/2 years has been the Big Gotcha-Trump, and their gotchas keep blowing up in their face. So the Dems' nightmare, I think, is that come September/October:

* The economy is recovering strongly;

* One or more Covid-19 treatments and vaccines are approved/approvable;

* The Trump-Russia-Collusion-Delusion and Flynn shamvestigations have gone nuclear in the Dems' face.

[zeitgeist]

DUmmies on digging out of this crisis?  Best summed up in this video:

https://www.youtube.com/watch?v=XXQ58P4e7Cc

 

[DLR Pyro]

The stock market is up over 1100 points in the past 2 days.  Still may be early but it is starting to look like the DUmmie's nightmare scenario may come true as more of America opens up and people start returning to work.

[Zathras]

If a DUmmie thinks this is so, I know the opposite is going to happen.

Exactly. Whatever the Karens and Karls at the DUmp say is going to happen you can bet the exact opposite is what will actually happen.