Newsmax reports Democrats want to beat President Trump so badly that they are “willing to crush the American economy to do it,” former Louisiana Gov. Bobby Jindal said Tuesday while calling for the end of bailouts for blue states after the coronavirus pandemic.
“We don’t need to be bailing out failed blue states,” the one-time Republican presidential candidate said on Fox News’ “Fox and Friends.” “We need to get Americans back to work. Nancy Pelosi, she passed a $3 trillion bloated bill. In that bill was almost a trillion dollars, over $900 billion to help bailout these blue states, these blue mayors.”
But the faster people get back to work in a safe way, the less money they’ll need from the government, said Jindal.
He also slammed Democrats for their push to use the pandemic to “transform” the United States with their agenda, bringing up the $3 trillion coronavirus relief bill that the House recently passed.
The bill, with its focus on spending, gives states incentives to keep their economies closed, Jindal added.
“What you’re seeing is states like California saying we’re going to give millions of dollars to illegal immigrants,” Jindal said. “You’re seeing states like Illinois saying we want $10 billion to bail out our pensions, programs that had problems even before the coronavirus.”
Meanwhile, states run by Democrats are reopening more slowly than states run by Republicans, Jindal said.
“[They] represent something like a third of the U.S. economy. This means a slower recovery for those states and the U.S.” said Jindal. “It’s been nearly 10 weeks since the Democratic governors of California, New York, New Jersey, and Illinois ordered all businesses in their states to shut down save those they deemed essential. Job losses in these states have been especially severe because of their strict lockdowns.”
Meanwhile, Fox News reports President Trump and the rest of the country grapple with an economic downturn and sky-high unemployment rates amid the coronavirus crisis, some Democrats reportedly worry that an explosive economic recovery in the fall could revive Trump’s lagging political fortunes — and boost his chance at reelection.
Politico reports that Jason Furman, a top economist in the Obama administration and now a Harvard professor, told a bipartisan group of policymakers last month that “We are about to see the best economic data we’ve seen in the history of this country.”
The claims may seem counterintuitive amid the bleak economic picture right now. But it’s premised on assumptions that as lockdowns ease, a recovery could follow more quickly than after past economic crises. Since his earlier prediction, Furman has reportedly also been making the case to Democrats, including top members of presumptive nominee Joe Biden’s campaign.
“This is my big worry,” a former Obama White House official told the outlet, who said of the concern about top members of the party: “It’s high — high, high, high, high.”
Polls have shown Trump trailing Biden nationally, which can in part be attributed to the considerable economic downturn due to the coronavirus pandemic and the lockdown response in large parts of the country. A recent Fox News poll showed Biden with an 8-point lead.
But while an economy with an unemployment rate above 14 percent and rising could normally be expected to doom an incumbent in a general election, there are signs that the economy could begin to dramatically swing back as the election approaches and lockdown measures subside.
Furman’s theory is that the current downturn is closer to those that accompany a natural disaster — such drop-offs tend to be sharp, but also are followed by a sharp rebound. He has said there could be a “very fast” rebound as people get back to their jobs and furloughs end.
“Given how many people were furloughed and how many businesses were closed you can get a big jump out of that. It will look like a V,” he told Politico.
It’s similar to predictions made by the White House — President Trump said earlier this month: “I think you’re going to have a ‘V’ — I think it’s going to be terrific.”
Meanwhile an informal Biden adviser told Politico that top campaign officials are preparing for an economic debate in the fall that could include a surging recovery. And the Biden campaign indicated it understands the challenge.
“The way that Biden talks about the economy is not just tied to the COVID crisis, it’s also about the things that Donald Trump has done to undermine working people since the day he took office,” Kate Bedingfield, Biden’s deputy campaign manager, told the outlet. “But secondly, it’s also highly likely that under any economic circumstances in the fall, Trump is likely going to be the first modern president to preside over net job loss.”
But the former Obama White House official noted that Trump gets high marks for the economy even amid the downturn, and put the challenge for Democrats bluntly: “I don’t think this is a challenge for the Biden campaign. This is the challenge for the Biden campaign.”
“If they can’t figure this out they should all just go home.”