2016 Postmortem
Related: About this forumUnder Sanders, income and jobs would soar, economist says - (repost)
Source: CNN Money
Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8%.
Those are just a few of the things that would happen if Bernie Sanders became president and his ambitious economic program were put into effect, according to an analysis given exclusively to CNNMoney. The first comprehensive look at the impact of all of Sanders' spending and tax proposals on the economy was done by Gerald Friedman, a University of Massachusetts Amherst economics professor.
This more sweeping analysis was not commissioned by the candidate, though Sanders' policy director called it "outstanding work." Friedman has worked with Sanders in the past, but has never received any compensation. The Vermont senator asked Friedman to estimate the cost of Sanders' Medicare-for-all plan -- which came out to $13.8 trillion over 10 years -- and included the analysis when he unveiled his proposal last month.
Friedman, who believes in democratic socialism like the candidate, found that if Sanders became president -- and was able to push his plan through Congress -- median household income would be $82,200 by 2026, far higher than the $59,300 projected by the Congressional Budget Office.
Read more: http://money.cnn.com/2016/02/08/news/economy/sanders-income-jobs/index.html?sr=fbCNN020816sanders-income-jobs0524PMVODtopLink&linkId=21086984
in_cog_ni_to
(41,600 posts)ignores it to help HRH. They are deliberately trying to hurt the Middle Class! They're CORRUPT, EVIL AND CRIMINALS....every talking head belongs in jail.
PEACE
LOVE
BERNIE
LWolf
(46,179 posts)"Concerned" DUers are afraid of what could happen. This should reassure them.
tazkcmo
(7,300 posts)He's just a pony wanting, far left, liberal elite, Bernie Bro that sees pink clouds and lemon drop rain. It's much better to HAVE 7.25/hour and live in poverty than to fight for 15 because you're NEVER going to get it! Ever! Geez! Never Ever!
Now, that concludes this morning's motivational speech. Please re-chain yourselves to your assigned work spaces and get back to work, Proles. Oh, and vote Hillary. Or else!
sarcasm
Don't you have to be unchained first?
tazkcmo
(7,300 posts)It occurs at 9:15 AM CCT (Central Corporate Time) so we have to unchain them in order to gather them around their Dear Leaders. Be careful questioning your True And Proper Overlords in the future.
Sorry for questioning your superior wisdom, overlords.
tazkcmo
(7,300 posts)This time.
Central Corporate Time! Hilarious tazkcmo!
Thanks for the laugh!
tazkcmo
(7,300 posts)Laughter. The best medicine.
Rosa Luxemburg
(28,627 posts)SecularMotion
(7,981 posts)Bubzer
(4,211 posts)In her world, oil tycoons and mega-banksters and her corporate donor buddies are the only ones getting any upward mobility... the rest of us would be dealing with a sinking ship...
SecularMotion
(7,981 posts)Bubzer
(4,211 posts)mythology
(9,527 posts)He's making huge claims but doesn't offer any evidence.