Former Top Economist In The Obama Administration Predicts The Best Economic Data Never Seen In The History Of The U.S.

Politico: 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.

“Everyone looked puzzled and thought I had misspoken,” Furman said in an interview. Instead of forecasting a prolonged 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.

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WNU Editor: Too early to say where the economy will be next month let alone 5 months from now. But I do sense that the bottom of the U.S. economy has already been reached, and there is nowhere to go right now but up. And here is my prediction. If by November the economy is punching out growth that is in the double digits and the pandemic has petered out, a majority of Americans are not going to vote against President Trump.

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