Under Sanders, income and jobs would soar, economist says

[Confounding]

That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?

Under Sanders, income and jobs would soar, economist says

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. Friedman 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.

 

[Toddsterpatriot]

Wait, what's that smell?

That's Sanders and his full diaper.

 

[Moonglow]

Wait, what's that smell?

That's Sanders and his full diaper.

Smells like a Reagan diaper...

 

[Toddsterpatriot]

Wait, what's that smell?

That's Sanders and his full diaper.

Smells like a Reagan diaper...

Nah, that's a full Red Diaper.

 

[TNHarley]

IDC what anybody says. Artificially raising wages does no one ANY good.
I noticed he is big on ending inverting but I haven't seen anything on the corporate tax rate. IMO, that HAS to come down. It absolutely HAS to.
And there isn't much difference between him and trump economically, besides the tax plan. On trade and corporations they are plenty fuckin close.
I don't buy a lot of that article, but I will still support him if he goes up against an establishment republican.

 

[SassyIrishLass]

That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?

Economist: Under Sanders, income and jobs would soar

Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8 percent. 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. Friedman 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.

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

 

[Toddsterpatriot]

That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?

Economist: Under Sanders, income and jobs would soar

Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8 percent. 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. Friedman 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.

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

Government control always raises incomes.
That's why Soviet incomes were double US incomes. LOL!

 

[SassyIrishLass]

That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?

Economist: Under Sanders, income and jobs would soar

Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8 percent. 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. Friedman 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.

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

Government control always raises incomes.
That's why Soviet incomes were double US incomes. LOL!

Friedman is a known Moon Bat, every time he opens his pie hole he gets shellacked from real economists

 

[Confounding]

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

Are you going to add substance to this conversation or just point at labels?

 

[The Rabbi]

OK, here's the crux:

The thinking goes: This enhanced government spending would increase demand on businesses, who would then hire more workers to meet their needs. The increase in employment will prompt people to buy more, leading other businesses to hire.]

Incredible. If that theory actually worked we would be seeing massive GDP growth, since we have had more government spending in the last 8 years than in the previous 20.
But it doesnt work. Because gov't must tax that money from productive businesses to give to unproductive ones.
Thus anyone who actually believes that is a cocaine-snorting fool.

 

[SassyIrishLass]

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

Are you actually going to add substance to this conversation or just point at labels?

Add what? Friedman is an idiot, this isn't the first time he's came to Sanders defense, he tried it on his healthcare dream and it was quickly pointed out to him he was fudging data....by real economists. Shortly after that Vermont said hell no to Sander's pie in the sky. Friedman is a fool

 

[Uncensored2008]

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

Are you going to add substance to this conversation or just point at labels?

She is pointing out that your source has zero credibility and is promoting a political agenda rather than offering legitimate analysis.

 

[The Rabbi]

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

Are you going to add substance to this conversation or just point at labels?

She is pointing out that your source has zero credibility and is promoting a political agenda rather than offering legitimate analysis.

Legitimate analysis? Dont make me laugh!

 

[Missourian]

...and we'll all ride unicorns to work, and the streets will be paved with candy!!!

Wait a minute...that's not candy...

 

[RDD_1210]

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America.

HAHAHAHAHAHAHAHA You're quoting a freaking Socialist. Too funny

Are you going to add substance to this conversation or just point at labels?

Don't hold your breath. She never does.

 

[Two Thumbs]

That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?

Under Sanders, income and jobs would soar, economist says

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. Friedman 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.

where is the link, with mathematical proof that this will work?
where is the link to an economist?

Where's the link showing that the claim; "If socialist understood economics, they wouldn't be socialist." is wrong.

 

[Zander]

Freidman is a crackpot, just like Sanders.

 

[Stephanie]

sure, they would soar right into the toilet. and you all will become the Guberments SLAVES, little worker bees, living your mediocre little lives and giving most of your paycheck to your Masters in guberment so they SPREAD it around. but hey you would all be Equal. in poverty that is

 

[sealybobo]

That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?

Under Sanders, income and jobs would soar, economist says

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. Friedman 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.

Think about what happened at the end of the bush years and beginning of Obama.

A. Good paying Manufacturing jobs left the country because Republicans said American workers are overpaid.
B. This and other gopanomic decisions caused the great recession and people lost their good jobs.
C. People took lower paying jobs or couldn't find jobs because companies won't hire the unemployed.
D. Manufacturing came back but now those jobs only pay $8-$15hr and Republicans don't want to pay any more
E. Republicans blame Obama because people are doing worse now than they were under bush.

 

[baileyn45]

That's not fair though! Incredibly wealthy people will see a decline in their obscene incomes! We need to prop up the billionaire class so their warm golden excess trickles down on us! Wait, what's that smell?

Under Sanders, income and jobs would soar, economist says

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. Friedman 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.

Think about what happened at the end of the bush years and beginning of Obama.

A. Good paying Manufacturing jobs left the country because Republicans said American workers are overpaid.
B. This and other gopanomic decisions caused the great recession and people lost their good jobs.
C. People took lower paying jobs or couldn't find jobs because companies won't hire the unemployed.
D. Manufacturing came back but now those jobs only pay $8-$15hr and Republicans don't want to pay any more
E. Republicans blame Obama because people are doing worse now than they were under bush.

I don't know how long you've been in manufacturing, I have been for over 30 yrs. Manufacturing has been declining steadily in this country since 1970. The reasons are varied and numerous. Not the least of those reasons is govt. I read a study years ago from the SBA that put my costs of meeting govt regs as a small mfg(under 500 employees) at $22k per employee per year. Mind you that's on top of taxes and payroll with holdings. As is often the case we shot ourselves in the foot and then can't figure out why it hurts.

As far as "gopanomics" they had plenty of help. It was clinton that pushed and signed the repeal of glass steagal and initially juiced the subprime housing market.

Companies won't hire people if they not qualified or they don't have the work to keep them busy.

Manufacturing has not come back regardless of who's telling you it did.

I don't blame Obama, I blame the fact that we are controlled by the mega bankers, something both parties can take credit for.