Under Sanders, income and jobs would soar, economist says

NLXSK1

Well-Known Member
It's a situation that doesn't allow for growth or savings. It ties people to a paycheck out of necessity for survival. This is unacceptable when the economic prosperity is being concentrated in the hands of a few at the expense of the many.
That is propagandist nonsense. The economic prosperity of this country is being bled off by the government and wasted for votes... I am not in the mood for this debate tonight, I am gonna go back to working on my company.

P.S. If you are still receiving minimum wage after 6 months then it is time to get off the damn internet and find a new job.
 

Padawanbater2

Well-Known Member
That is propagandist nonsense. The economic prosperity of this country is being bled off by the government and wasted for votes... I am not in the mood for this debate tonight, I am gonna go back to working on my company.

P.S. If you are still receiving minimum wage after 6 months then it is time to get off the damn internet and find a new job.
That's ignorant nonsense. I've posted dozens of threads verifying everything that I've said, go back and read them for yourself. A fraction of Americans in the upper echelons of the upper class have garnered 97% fo the economic gains since 2010. Wealth accumulation is faster than economic growth, so it systematically gets concentrated in a very small number of hands. And taxes on businesses and corporations are at the lowest levels they've been at in decades.
 

Fogdog

Well-Known Member
WHY DO EMPLOYERS PAY MORE THAN MINIMUM WAGE EVER????
Because they want to retain their better employees (duh). People making minimum wage rarely stay in that position for longer than a year. The real effect of minimum wage is that it pushes up wages for the bottom 20% of wage earners.

your caps lock key is on, I guess you didn't notice.
 
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ChesusRice

Well-Known Member
So you are getting paid minimum wage at your job? No wonder you spend 8 hours on your feet and have to go to another job....

Most machine workers get paid better. Just sayin...
Not in Wisconsin. Our Republican governor has fucked our economy so bad I'm making less now hourly than I did in fucking 2008. I'm working 2 jobs.
So fuck republicans
 

Red1966

Well-Known Member
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.

In addition, poverty would plummet to a record low 6%, as opposed to the CBO's forecast of 13.9%. The U.S. economy would grow by 5.3% per year, instead of 2.1%, and the nation's $1.3 trillion deficit would turn into a large surplus by Sanders' second term.

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.

Sanders' plan to pour $14.5 trillion into the economy -- including spending on infrastructure and youth employment, increasing Social Security benefits, making college free and expanding health care and family leave -- would juice GDP and productivity. (Friedman reduces the cost of Medicare-for-all to $10.7 trillion because he estimates the government would save $3.1 trillion by eliminating tax breaks for health insurance premiums.)

Also, Sanders would raise the minimum wage, as well as shift income from the rich to the middle and working class through tax hikes on the wealthy and corporations.

"Like the New Deal of the 1930s, Senator Sanders' program is designed to do more than merely increase economic activity," Friedman writes. It will "promote a more just prosperity, broadly-based with a narrowing of economy inequality."

Many presidential hopefuls say their economic programs would boost growth. Donald Trump and Jeb Bush justify their big tax cuts by saying GDP would grow at a 4% rate. But their plans have been panned by experts as overly optimistic.

Friedman, however, argues that Sanders' plan would be more stimulative because it is pouring money into the economy, as opposed to cutting taxes. Several of Sanders' proposals -- such as spending $1 trillion on infrastructure -- will happen in the first few years of his administration.

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.

"If there is more spending, people will have more to do," Friedman said, noting that the share of the population with jobs could be restored to its 1999 level of more than 64%, up from its current 59.6% rate.

Sanders' policy director, Warren Gunnels, also defended the estimates, noting the candidate is thinking big.
"We haven't had such an ambitious agenda to rebuild the middle class since Presidents Roosevelt, Truman and Johnson," he said.

Still, 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.

http://money.cnn.com/2016/02/08/news/economy/sanders-income-jobs/index.html
Yes, we can borrow our way out of debt.
 

Fogdog

Well-Known Member
Not in Wisconsin. Our Republican governor has fucked our economy so bad I'm making less now hourly than I did in fucking 2008. I'm working 2 jobs.
So fuck republicans
Right to work means right to bust unions, right to shove pay cuts up employees asses, right to replace employees with continuous "temporary workers", right of employers to complain about lack of qualified workers when those workers move on to other areas or careers because of pay cuts and lay offs, right to fuck up the economy and blame workers. The current batch of Republican governors are a canker sore on US democracy.
 

NLXSK1

Well-Known Member
Right to work means right to bust unions, right to shove pay cuts up employees asses, right to replace employees with continuous "temporary workers", right of employers to complain about lack of qualified workers when those workers move on to other areas or careers because of pay cuts and lay offs, right to fuck up the economy and blame workers. The current batch of Republican governors are a canker sore on US democracy.
Nobody should be forced to join a union.
 

Not GOP

Well-Known Member
Right to work means right to bust unions, right to shove pay cuts up employees asses, right to replace employees with continuous "temporary workers", right of employers to complain about lack of qualified workers when those workers move on to other areas or careers because of pay cuts and lay offs, right to fuck up the economy and blame workers. The current batch of Republican governors are a canker sore on US democracy.
Jesus Christ. Is there anything that's not the Republicans fault? Democrat politicians must love you...
Voting people into office over and over again, while holding them accountable for nothing. Your Obama's wet dream. He even has you convinced OBAMAcare has nothing to do with OBAMA! It's fucking incredible! Absolutely amazing.
 

Elwood Diggler

Well-Known Member
So is the deficit but that does not mean either is in good shape.

My point is that the unemployment rate is not actually the unemployment rate. It is a propaganda tool. If we really had 4.9% unemployment the economy would be booming. So the politicians lie and play number games because they think that will improve the economy which is simply bullshit...



so is the deficit going down as has been proven or is it going up like you claim?

where's that $2 trillion you claim obama dumped into infrastructure? it was actually only $830 billion over 10 yrs. economists seem to think it worked

where has the conservative agenda ever worked? anywhere?? any policy successes you can point to? any??

any clue who stole the $14 trillion you're claiming?

that thing buzzing around your head is a clue..........reach up and grab that motherfucker and hold on. you might just make sense one day if you do
 

NLXSK1

Well-Known Member
so is the deficit going down as has been proven or is it going up like you claim?

where's that $2 trillion you claim obama dumped into infrastructure? it was actually only $830 billion over 10 yrs. economists seem to think it worked

where has the conservative agenda ever worked? anywhere?? any policy successes you can point to? any??

that thing buzzing around your head is a clue..........reach up and grab that motherfucker and hold on. you might just make sense one day if you do
Yeah, when Regan cut taxes the economy took off like a rocket...

I never said the deficit is going up, I said it was massive. It was tripled and now liberals are pointing at it being lower. My point is and always has been the DEBT has grown steadily for decades. Politicians overspend every single year and nobody seems to care beyond pointing fingers.

Economists disagree whether the stimulus worked.

We are now how many more trillions of dollars in debt? Who is gonna pay that back and when?
 

Elwood Diggler

Well-Known Member
Yeah, when Regan cut taxes the economy took off like a rocket...

I never said the deficit is going up, I said it was massive. It was tripled and now liberals are pointing at it being lower. My point is and always has been the DEBT has grown steadily for decades. Politicians overspend every single year and nobody seems to care beyond pointing fingers.

Economists disagree whether the stimulus worked.

We are now how many more trillions of dollars in debt? Who is gonna pay that back and when?


it's spelled reagan. least you can do is get the spelling right, it'll likely be the only thing you do get right

you implied the deficit is rising under obama. economists do not disagree. a clear majority agree the stimulus worked.

how much is our debt to asset ratio as a country? those that benefitted from all the tax policies should be the ones paying it back.....hint.....corporations who hide their assets offshore
 

Elwood Diggler

Well-Known Member
I knowingly hired illegal immigrants because it was illegal to challenge their paperwork. This was before E-verify. I would send their SSN-W9 (I think) forms into the government and 4-6 months later some would come back unverified. One guy even put 123456789 as his SSN. They knew that they could work for several months and all they gave up was their deductions which were minimal since they were declaring between 9 & 14 kids.

This was how it was back in the suburbs of Chicago when I was running a manufacturing plant there.

I followed the law and watched the Illegals evade the law.

Dont know why you find this so hard to believe.


simple. you have no fucking credibility
 
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