Liz Peek: Biden's fake economic news – this is how Democrats justify their radical spending binge

Jay Powell has no idea what trouble he’s in. In a "60 Minutes" interview aired Sunday night, the mild-mannered Fed chair dared to suggest that our economy was on the cusp of "growing much more quickly," and predicted better-than-expected job creation ahead. 

Who would have thought that GDP growth could be so controversial? Or that optimism about the economy could be such an affront to Democrats?  If the economy is recovering under its own steam, as Powell suggested and the data shows, why push out monster spending bills that could prove destabilizing?  Joe Biden and his Democrat colleagues want the country to continue cowering in terror. They know the only possible way to cram through trillions of dollars in handouts to Democrat-friendly groups is by convincing Americans the end is near. They have always been the party of alarmism, warning for instance that the world will end in 12 years if we fail to address climate change, but today their pessimism is pointed and purposeful.