Under Sanders, income and jobs would soar, economist says

[CrusaderFrank]

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.

It's a spoof, right?

 

[Preacher]

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.

I think same thing would happen under Trump. Just saying.

 

[baileyn45]

As far as the Op is concerned, best laugh I've had in a while. The only thing missing is that "all the women will be strong, all the men will be good looking and all the children will be above average".

I was wondering where Mr. Sanders plans on getting 14.5 tr to pump into the economy. Borrow it from the chinese? If so he may want to check with the chinese first. Print it? If were going to print it why not make it 114.5tr. We'd all be rich!

 

[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.

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.

America didn't protect manufacturing jobs that are vitol to our middle class. Yes the unions were corrupt and there are I'm sure regulations that bogged small companies down, but I think bottom line is they wanted cheaper labor and get it in china and mexico.

And some manufacturing jobs have come back. But they only pay $10 give or take. I hear Republicans talk about us doing better under them but I don't think I hey want to give those line workers a raise, and its those workers hurting the most.

You can't tell me manufacturing is not up because I sell machines that measure parts accuracy. Companies not making parts don't buy our machines. Sales are up in Michigan and around the country. Could be better but companies aren't as tight as they were in the bush years

 

[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.

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.

I agree with a lot of what you said BTW, just not all. You don't believe American wages play a part in why corporations convinced our government to let them go overseas?

No I don't like it that Clinton went along with the GOP on stuff like this but that's no reason to vote gop

 

[Clementine]

Wait, what's that smell?

That's Sanders and his full diaper.

They don't understand human nature. They assume that if they increase the minimum wage and impose more regulations on businesses that the company owners will continue to put forth the same effort despite lowered profit. Of course, shareholders also suffer, but the left hates them anyway. When liberal policies are enacted, businesses lay people off to save themselves and smaller businesses close their doors because it's impossible to keep going. Many small businesses have disappeared since Obama took office. Bernie Sanders, like past socialists, assume that they can control people's behavior and that everyone will go along with whatever he does. Never works that way. When you try to artificially elevate one half at the expense of the other, eventually the money runs out because the half getting soaked stop creating the wealth and it's a matter of time before everyone is equally miserable. Then comes communism. Happens every fucking time, but the ignorant people, with their hands out, know nothing of history and they are willing to head down that same dead end road that destroyed other countries.

 

[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.

I agree with a lot of what you said BTW, just not all. You don't believe American wages play a part in why corporations convinced our government to let them go overseas?

No I don't like it that Clinton went along with the GOP on stuff like this but that's no reason to vote gop

Keep in mind it's not the govts place to "let" them go overseas nor should it be. As far as wages they're just one part of the puzzle. As an american mfg, we've always faced higher wages, it's the accumulation of everything else that leads to not being able to compete.

I've watched a number of customers send work out of the country. Most people don't realize that companies hate it, from the top down. It tends to be a logistical nightmare. Keep in mind most companies are not mega corps, it may be hard to believe but among many companies it's personally traumatic for the top people. Saying goodbye to people that you spent more time with than your own family and who helped you get where you are. It thoroughly sucks and is seldom done without exhausting every alternative.

My friends have always been amazed that I don't get upset at customers when they ship jobs out of country. They don't realize I'm often part of the search for alternatives and see the companies reality first hand.

 

[DigitalDrifter]

Did this "economist" used to work at the Kremlin ?

 

[Toro]

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.

Er, no.

From your link

Friedman, who believes in democratic socialism like the candidate, ...

Other economists, however, feel that Friedman's analysis is overly optimistic, saying it would be difficult to achieve that level of economic prosperity. Last week, the Committee for a Responsible Federal Budget said Sanders' plan to pay for health care would fall short by at least $3 trillion. ...

some experts question whether the effects would be that large.

Stimulating demand can boost a weak economy during a recession, but "it's harder to accept as a long-run growth strategy," said William Gale, the former director of Brookings' Economic Studies Program.

Also, it would be very difficult to achieve and maintain an economic growth rate of 5.3% per year after inflation. That target hasn't been hit consistently since the 1960s, when technology was providing big advancements, the workforce was younger and there was increased demand for American products worldwide as other countries fully recovered from World War II.​

"The 5.3% number is a fantasy," said Jim Kessler, senior vice president at Third Way, a centrist think tank.​

 

[bripat9643]

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.

"Gerald Friedman, a University of Massachusetts Amherst economics professor."

Who puts any stock in an "analysis" by a commie economics professor?

Gerald Friedman - KeyWiki​

Gerald Friedman is a Massachusetts labor economist and a member of Democratic Socialists of America. He sang The Internationale with Michael Harrington at a New York party in the 1970s.[1]
​

They guy's a died in the wool commie.

 

[Confounding]

Who puts any stock in an "analysis" by a commie economics professor?

They guy's a died in the wool commie.

Did this "economist" used to work at the Kremlin ?

Your arguments are formidable; I will ruminate on this.

 

[baileyn45]

Did this "economist" used to work at the Kremlin ?

No Disneyland.

 

[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.

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.

I agree with a lot of what you said BTW, just not all. You don't believe American wages play a part in why corporations convinced our government to let them go overseas?

No I don't like it that Clinton went along with the GOP on stuff like this but that's no reason to vote gop

Keep in mind it's not the govts place to "let" them go overseas nor should it be. As far as wages they're just one part of the puzzle. As an american mfg, we've always faced higher wages, it's the accumulation of everything else that leads to not being able to compete.

I've watched a number of customers send work out of the country. Most people don't realize that companies hate it, from the top down. It tends to be a logistical nightmare. Keep in mind most companies are not mega corps, it may be hard to believe but among many companies it's personally traumatic for the top people. Saying goodbye to people that you spent more time with than your own family and who helped you get where you are. It thoroughly sucks and is seldom done without exhausting every alternative.

My friends have always been amazed that I don't get upset at customers when they ship jobs out of country. They don't realize I'm often part of the search for alternatives and see the companies reality first hand.

Wrong. Government is the referee and sets the rules

 

[SwimExpert]

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.

So, a self declared democratic socialist says he agrees with the democratic socialist. Whooptee-fucking-do.

Lots of claims in that article. No sign of any supporting evidence. Just a bunch of hope and change that apparently I'm supposed to believe in.

Is this 2008 again?

 

[OKTexas]

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.

Seriously? Economist can't even accurately project what will happen next quarter and you trust them to tell you the effects of a major restructuring of the economy? I bet you believe in AGW also.