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).
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