Harvard Professor: Economy ‘Healing More Quickly’ Than In Previous Recessions 1

Harvard Professor: Economy ‘Healing More Quickly’ Than In Previous Recessions

Jason Furman, former Chair of the Council of Economic Advisers, joins Lawrence O’Donnell to discuss why he thought the July jobs report was “wonderful” in seeing continued signs of economic recovery and how the Biden policies like infrastructure will continue to help grow the economy better than it was pre-pandemic: “We don’t just need to repair the damage. A lot of what’s coming next is to build something better.”

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59 comments

  1. There ya go…. All you right wingers who blew a capillary over the economy a few months ago… you were wrong… Congrats

  2. “I mean, those lights that are just shooting out from the Lincoln Memorial along the Reflecting Pool, it is like almost extensions of Joe Biden’s arms embracing America.” —David Chalian

    1. @The Homeless Travel Network Airways Is that anything like traitor 45 killing 600,000 people and wrecking the economy before he goes to prison?…

  3. BS.. inflation to the roof, gas prices are up, so is everything.. the $US worth nothing..
    Such a propaganda shallow MSNBC..
    Who are you trying to fool?!

    1. No one would categorize the inflation as
      ” Through the roof” …..

      Gas prices “and everything” are included in inflation

      And the dollar is doing fine

      No one’s trying to fool anyone, but the fools will expose themselves…

    2. You obviously don’t know anything about rebuilding the economy. Inflation is normal when building up from a recession.

    3. @Freedom
      Clearly you know nothing about numbers and percentages since your momma feeds you the bacon that makes you constipated

    4. Can u define inflation and its causes. FYI we have issues with the supply chain because of anti vax and cases are surging. America is doing much greater than any country in the entire planet. Do your research and learn to appreciate

    1. @ILLEGITIMATE DEMENTED Joe it seems you are the one being fooled. If you don’t like the numbers don’t attack the news corporations, attack the people that released the numbers

    2. @ILLEGITIMATE DEMENTED Joe
      Quiet old man from CANADA.
      You know nothing about economics.
      You’re just a shallow old man sucked into his bible thumping political rhetoric.

    1. @Ayn Rand
      Our economic data shows we our outpacing the Chinese and we are outpacing the world.
      Economic recovery that we have never documented before.
      Consumers with extra trillions in savings, businesses eager to hire, businesses sitting on cash, infrastructure plan is another stimulus to our economy.
      American household debt is near or at the low levels of 1980.
      I really can’t respond to the non Americans in this thread.
      Since they think they know the American experience via a Wi-Fi connection.
      Information that I have posted is available from Bloomberg, WSJ, Forbes etc.
      Pick your poison.

  4. I’m actually doing way better than I was a few years ago when the economy was supposedly doing well (I’m not in the stock market, which I think was the only ones doing well at that time). Anyway, I finally have a savings and not living paycheck to paycheck.

    1. Im not in the stock market I got fired in 2011 under Obama im a cook. The reason I got fired is my wage was to high for the new employer. They immediately started firing American citizens at this restaurant to hire illegals at a lower wage. It took me until 2016 for my wage to finally rise I was doing great until 2021. My wage is pretty good but I struggle more now I live pay check to pay check inflation is killing me financially. Its sad to say in the pandemic I saved not its gone and I’m hurting. It s going to get worse this bill is going to put alot of us under water. Democrats are killing the economy gas and goods are to expensive.

    2. Anyone saying today’s economy is better is flat out lying. Paying more for less. How is that better? You can’t cover for Joe’s failures. No matter how hard you try. You can’t. It’s that bad

    3. @Bruce I agree. The middle class (the real middle class) is doing better (just a little but better than in 2020).

  5. But how can Biden be the most successful president in history when it comes to the economy, when he never started a scam university, played the role of a business tycoon on a reality TV show, or inherited hundreds of millions from his daddy?

    1. And who is playing all those important rounds of golf that did so much for the economy during the Trump presidency?

  6. Democrats are meanwhile adding record employment numbers, ramping up vaccinations, creating economic growth and lifting children out of poverty. Build Back Better.

  7. Uncle Joe cant get anything right, everything reeks inflation, gas prices are bullocks, its everyman for himself. The good thing is people are getting to know cash is pretty much stone age at this point, it is designated to fail eventually, 3 BEST and surprisingly easy ways to double or hold your funds in 2021; Real Estate, Gold, Who can guess the 3rd??

    1. @Mitch Reynolds I worked with Ashley Elizabeth Alson, She’s been in the news when she revived Preemark company in 2019, met her at an annual fundraiser in Boston. You can look her up on the web for info on her work

    2. @Kirsteen Luna
      The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees drain your portfolio. Is this the case with yours too?

    3. @John Autumn
      Cant say I can relate, Ashley’s charge is one-off and very much reasonable when compared to what I benefit from her expertise

    4. Every economist said trumps tax policy would increase deficit spending and cause inflation. They were right.

  8. Lol. I’m also a economist. I had to laugh at this video sorry. Remember one thing people lie but your wallet always speaks the truth. In 6 months time you will be the judge not him or me

  9. Just imagine if Covid wasn’t surging thanks to the unvaccinated, we’d be in a good position as one of the few countries fully open and highly vaccinated.

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