Hillary Clinton
Related: About this forumKevin Drum: This is insane
Kevin is reacting to the same charts and data in Sanders' plans that Krugman, THE NOBEL PRIZE GUY, found so alarming.
snip>I've generally tried to go easy on Bernie Sanders. I like his vision, and I like his general attitude toward Wall Street. But this is insane. If anything, it's worse than the endless magic asterisks that Republicans use to pretend that their tax plans will supercharge the economy and pay for themselves. It's not even remotely in the realm of reality. If it were, France and Germany and Denmark would all be Croesian paradises by now.
A group of stuffy establishment economists says "no credible economic research" supports Friedman's analysis, which "undermines our reputation as the party of responsible arithmetic." Or, in Austan Goolsbee's more colorful language, Sanders' plans have "evolved into magic flying puppies with winning Lotto tickets tied to their collars."
Enough is enough. Everyone needs to get back to reality. This ain't it.
http://www.motherjones.com/kevin-drum/2016/02/sanders-campaign-has-crossed-neverland
Cha
(297,692 posts)Mahalo Rose~
peggysue2
(10,839 posts)I wouldn't count on a sudden conversion to realism in the Sanders' camp. I suspect it will more like a drip, drip, drip once the warm, fuzzy feelings start to wear thin and the word 'revolution' begins to lose its gleam.
Numbers are obstinate, stubborn things. You can corral them for awhile, pretend they aren't important. But they always break free, even for the dream catchers.
Cha
(297,692 posts)one foot in reality already.
I would love to see that.. that's my fantasy, peggy sue.
Numbers!
Didn't mean that comment as a criticism, Cha. I'm just getting grumpier than usual by many of the St Bernard Brigade's misleading headlines, stats and comments.
I expect to be fully cured by mid-March!
HILLARY 2016
"I am not a one issue candidate . . ."
Cha
(297,692 posts)it who otherwise are way too smart.. and it frustrates the heck out of me.
GusBob
(7,286 posts)socialist jesus dreamworld
cosmicone
(11,014 posts)anything is possible.
One can say I'll tax every corporation an extra dollar and pay off the national debt.
Fla Dem
(23,753 posts)Gothmog
(145,567 posts)Krugman agrees with the OP I http://krugman.blogs.nytimes.com/2016/01/19/weakened-at-bernies/?_r=0
On health care: leave on one side the virtual impossibility of achieving single-payer. Beyond the politics, the Sanders plan isnt just lacking in detail; as Ezra Klein notes, it both promises more comprehensive coverage than Medicare or for that matter single-payer systems in other countries, and assumes huge cost savings that are at best unlikely given that kind of generosity. This lets Sanders claim that he could make it work with much lower middle-class taxes than would probably be needed in practice.
To be harsh but accurate: the Sanders health plan looks a little bit like a standard Republican tax-cut plan, which relies on fantasies about huge supply-side effects to make the numbers supposedly add up. Only a little bit: after all, this is a plan seeking to provide health care, not lavish windfalls on the rich and single-payer really does save money, whereas theres no evidence that tax cuts deliver growth. Still, its not the kind of brave truth-telling the Sanders campaign pitch might have led you to expect.
Again, as noted by Prof. Krugman this plan does not add up.
Tarheel_Dem
(31,241 posts)Yup, I'd say that's pretty "colorful", and funny as hell.