After a severe economic downturn, which is observed in the us economy on the background of the pandemic coronavirus, the country is likely waiting for a robust economic growth. In a Democratic party of the United States fear that in this scenario, the most likely democratic candidate, former Vice-President Joe Biden, will fail to win over his opponent in the election, incumbent President Donald trump. The main fear of the supporters of Biden, Politico revealed.
As the newspaper notes, anxious mood among Democrats began to rise after the report, lead economist in the administration of former President Barack Obama, Harvard University Professor Jason Furman (Jason Furman). In early April, the online speech, he said that the US economy in the third quarter will demonstrate the best performance in history.
According to Furman, forecasts that the country will face a second Great depression with the extremely slow recovery did not materialize. On the contrary, now, after the United States began gradually to remove introduced because of the coronavirus restrictions, the American economy is showing signs of recovery. And, most likely, economic recovery will occur under the same scenario, and after serious disasters like powerful hurricanes or the oil spill in the Gulf of Mexico — a very fast pace. Once the business opens again, and all men to return to work, the economy will make a dramatic rebound.
According to Politico, earlier, a similar assumption was expressed by the officials from the administration of trump, including senior adviser and President-in-law Jared Kushner, who predicted that by July the country “back swing”, and the third quarter will be a truly “explosive”.
Such a perspective will raise serious concerns among supporters of Biden: even now the Americans, judging by the results siposov, much less trust the former Vice-President in matters of the economy than Trump, and the beginning of economic growth, the democratic candidate will be in even more disadvantage. According to one of the former officials of the Obama administration, it will be a major challenge for the entire presidential campaign of Biden.
“If they can’t do anything about it, they should all just go home,” he said.
At the headquarters Biden stated that they recognize the existence of the problem. At the same time, a number close to the former Vice-President of politicians believes that the talk about the imminent recovery of the us economy is premature.
“it seems to Me rather unlikely that in the coming months we will really be a significant recovery,” said the Senator from Delaware Chris coons (Chris Coons).
The Furman advised Biden and his staff to opt out from questionable assumptions, which may not be true. “The statement that we are in another great depression will look like an exaggeration. Trump can say, "Two million deaths did not happen, the great depression did not happen, we are making progress",” warned the economist.
