[ April 19, 2024 ]
The Democrat Party (the Left) want America’s economy to tank. They actually want businesses to go bankrupt. They want higher unemployment levels. They are content with the livelihoods of millions of American families being destroyed, because they believe that such a scenario will prevent President Trump from being re-elected. The Democrat Party is EVIL! The American people must make this anti-America party pay a HUGE price in November.
Obama Economist Jason Furman told Dems the economy could see “the best economic data” in the “history of this country.” You’d think that would be viewed favorably by all. From the story: Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic. “This is my big worry,” said a former Obama White House official who is still close to the former president. Asked about the level of concern among top party officials, he said, “It’s high — high, high, high, high.” People are committing suicide over this and Democrats are worried it will stop (Politico). From the Wall Street Journal: Speaker Nancy Pelosi and the Democrats know what they want: Keep the economy locked down for as long as the virus exists, and appropriate as much taxpayer money as possible to replace the lost private incomes. Mrs. Pelosi’s House bill promises another $3 trillion for her various constituencies on top of the $2.7 trillion or so Congress has already spent on the pandemic. The goal is income redistribution, not economic growth (WSJ).
Stock Market up BIG, DOW crosses 25,000. S&P 500 over 3000. States should open up ASAP. The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!
— Donald J. Trump (@realDonaldTrump) May 26, 2020
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Democrats ‘Dreading’ Election Scenario Predicted By Obama’s Top Economist: ‘Best’ U.S. ‘Economic Data’ In History About To Happen
By Daily Wire, May 26, 2020
Democrats are reportedly panicking over an election scenario prediction by Harvard professor Jason Furman, a top economist in the Obama administration, who said last month that the United States is about to the see the “best economic data” in its history.
The news reportedly stunned Democrats who had been hoping that the economic damage suffered as a result of the pandemic would be enough to sink President Donald Trump’s re-election chances.
“We are about to see the best economic data we’ve seen in the history of this country,” Furman told a group of bipartisan leaders from both parties.
“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 GDP growth ever,” Politico reported. “Furman’s counterintuitive pitch has caused some Democrats, especially Obama alumni, around Washington to panic.”
One former top Obama official told Politico that this was their “big worry,” and, when asked about the level of concern that this scenario has among top Democrat party officials, the individual said, “It’s high — high, high, high, high.”
The report indicated that the Biden campaign is well aware of the situation and that they are preparing for the economy to look much different this fall than it does right now.
Furman said that when the economic data from the last couple of months started coming in that he noticed that the data pointed to a type of recovery that is similar to what economics see after major natural disasters.
Larry Kudlow, the head of the White House National Economic Council, told Politico that he “totally agree[s]” with the analysis that Furman presented to political officials last month, adding, “Q3 may be the single best GDP quarter since regular data. 2nd half super big growth, transitioning to 4% or more in 2021.”
Other top Trump administration officials, including Kevin Hassett and Peter Navarro, indicated that they agreed with the analysis.
https://twitter.com/ArthurSchwartz/status/1265233763350581251?s=20
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22 Comments
3 years ago
Beware of socialism. It is for the elite only..
Bernie Sanders has dropped out of the presidential race since his campaign goals have already been achieved. These goals consisted mostly of locking everyone up in gulags and destroying the economy.
Unemployment has skyrocketed, grocery stores have empty shelves, and everyone is confined to their homes on penalty of arrest. This “idyllic paradise” is exactly what Sanders wanted in the first place,
3 years ago
Reply to
Jay
THIS WOULD ALL BE TEMPORARY IF IT WEREN’T FOR THE DEMONRATS. Bernie, Nancy, Schiff, Waters, and liberals WANT TO HAVE POWER OVER THE COUNTRY and the only way to do that IS WITH AN EMERGENCY SITUATION that THEY THINK they can control and benefit from. AND, if they can’t benefit from it immediately, they will play the LONG GAME by trying to destroy President Trump and how he handled this pandemic, which to me was FALSE to begin with. Pelosi and the Dems KNEW BACK IN 2019 ABOUT THIS CORONOVIRUS before anyone else did and she did NOTHING about it.
https://www.redstate.com/nick-arama/2020/04/02/pelosi-claims-she-knew-about-virus-threat-defends-prioritizing-impeachment/
Too bad we can’t HANG TRAITORS to our Constitution anymore! DEMOCRATS would be the 1st to hang, then Romney and his RINO friends.
3 years ago
“Best U.S. ‘Economic Data’ In History About To Happen”
Absolutely, we see that in the DOW already, most of the losses of 2020 have been regained, DOW still climbing
– and the Dow is a leading economic indicator, because it is based on future predictions
– future predictions are important for investors because profit depends upon what happens next
-so if the DOW goes up, investors expect the economy to go up
– and the DOW is going up
3 years ago
Reply to
DemocracyRules
Consumer confidence ticked up in May with all 50 states starting phased reopenings, the Conference Board reported Tuesday.
3 years ago
Reply to
DemocracyRules
Actually, the equities markets have become nothing more than money batting around money. Then, the talky-talkers need to make up some “story” to explain it.
Obviously, not an equity market, but a true futures market (none of this make-believe index crap) with actual delivery being made and taken …. look at WTI.
The closest that I ever saw, compared to that, was when Sugar #11 traded to less than 1 cent per pound. Again, it was a delivery play, with 1/2 loads (sugar can be delivered in 1/2 load quantities) being placed at international ports that had NO ability to offload and store. But, at least sugar didn’t trade below zero.
However, crude did. A delivery play that went into the history books. Specs buying on “it can’t go below zero”. However, large blocks of shorts showed them it could. Within minutes margin call mania hit. Not even time to wire funds … account debit and …. debit accounts get blown out. No two ways about it. Of course, the shorts were able to easily cover at negative money as margin clerk selling continued.
Markets have always been a game. But, these markets are games with no rules.
The stock market is not seeing buying due to a belief that the economy will turn around and go gang-busters. It’s simply blocks of money hitting both sides.
3 years ago
Reply to
Achmed Mohandjob
OK, the DOW is not a genie that can predict the future. But isn’t it reasonably good at showing what investors think will happen, or want to happen? After all, the DOW never claimed to predict the past. So it has to be focused either on the present, or on the future. No?
And since you are better at crystal ball gazing than I am, what do your favorite future economy indicators show? Is the recovery ramping up quickly, or not?
3 years ago
Reply to
DemocracyRules
Money batting around money has nothing to do with economics or economic forecasting.
The number of acquaintances that have told me that they no longer trade, due to “bots” controlling everything is legion. Personally, I don’t fight bots or anything along those likes. A charts a chart. I may be on the same side of bots, or playing contra-trend moves against them. But, I don’t fight ’em.
The only thing that DJI does predict is the past.
When I first hit the floor of the Merc, after being a stock/commodity jockey …. I learned to not listen to anyone. For quick trades, bread and butter stuff that buys the big houses and pays my seat rental … When the hands go up … BUY …. The opposite for the converse. I only got myself into BIG trouble when I tried to be smart and predict.
3 years ago
Reply to
Achmed Mohandjob
OH, OK, then I will take over on the predictions: I predict rain. [sometime in the future]
3 years ago
Reply to
Achmed Mohandjob
Funny thread here, starring Achmed
http://b1ff5939f6.nxcli.net/2020/05/brilliant-president-trump-will-sign-an-executive-order-on-social-media-companies.html/
What did you say to that poor little squirt?
3 years ago
Reply to
Achmed Mohandjob
What you and the economist left out is the transitioning of American companies out of China . Some will stay abroad but some will come back home, opeining factories and employing thousands.
3 years ago
Reply to
mackykam
That has nothing to do with money batting around money. There is very little, if any, econometric forecasting for HUGE lots of trade. Point of fact (feel free in reviewing SEC reports), large computer driven blocks account for the VAST majority of daily volume.
3 years ago
Reply to
Achmed Mohandjob
computer programming logarithms have been driving stock prices for years…ever since MSFT Windows 95 and Apple computers became common.
Everyone with an a-hole thought they could successfully day trade.
The market is a bit like life insurance: you pay in convinced you’re gonna die, the Insurance carriers bet yes, you will, but not before we take your money. And you hope the insurance carrier is right!
3 years ago
Reply to
mackykam
This is totally different from little daytraders. They were noting but cannon fodder. And, thank goodness, as they were easy pickin’s.
This is hundreds of billions simply batting around the market(s).
3 years ago
Reply to
Achmed Mohandjob
Fact remains: after issuing stock and funding an operation there are winners and losers. For every dollar the stock goes up the seller loses a dollar, the buyer makes a dollar…less commissions and taxes, which don’t come out of the individual stock value.
What keeps it interesting are the ‘experts’ deciding whether the stock is going up, or going down. Of course the ‘experts’ never agree with each other, often contradicting each other on the same day, lol! They are the movers and shakers, without any accountability to anyone except their bosses, who jump on a buy when they issue a sell and vice versa.
3 years ago
WHY WOULD ANY ONE, EXCEPT EVIL PEOPLE, FEAR A GOOD ECONOMY FOR ANY REASON?
ANSWER: demonic evil people WANT to enslave and control their minions, namely, WE, THE PEOPLE.
YOU ALL WANT LIBERALS/DEMOCRATS TO HAVE POWER OVER YOU, YOUR LIFE, AND YOUR LIVELIHOOD?
#DoNOTVoteDemocrat
3 years ago
WHY WOULD ANY ONE, EXCEPT EVIL PEOPLE, FEAR A GOOD ECONOMY FOR ANY REASON?
ANSWER: demonic evil people WANT to enslave and control their minions, namely, WE, THE PEOPLE.
YOU ALL WANT LIBERALS/DEMOCRATS TO HAVE POWER OVER YOU, YOUR LIFE, AND YOUR LIVELIHOOD?
#DoNOTVoteDemocrat
3 years ago
…and it has NOTHING to do with ovomit.
3 years ago
According to AG Barr, an unsuccessful coup is not illegal; however, the perpetrators of a successful coup will be memorialized in history as the winners. Not prosecuting the coup leader Obama, a previous president, is understandable; however, not investigating the coup leader is unconscionable.
