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News: Economist: Under Bernie Sanders Income and Jobs Would Soar!
Member Since: 11/27/2010
Posts: 9,806
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Economist: Under Bernie Sanders Income and Jobs Would Soar!
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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.
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I know. That's why Trump and Bernie are mostly in agreement on economics.
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ATRL Contributor
Member Since: 8/19/2013
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Member Since: 8/7/2015
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Member Since: 1/6/2014
Posts: 19,122
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The first two comments on the article
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CNN Userjust now
This is the SAME EXACT economist who AUTHORED Bernie's proposal. Way to drop the ball again, CNN.
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Quote:
William Bush1 minute ago
I have two words for this economist, Bull ****.
Go back to Economics 101, I think you failed it.
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Hmm
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Member Since: 8/7/2015
Posts: 2,588
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What are the negative things?
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Member Since: 4/3/2011
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Member Since: 3/5/2011
Posts: 15,589
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Don't think so, lol
Stocks would probably plummet, investors would offload everything, etc with the prospects of a socialist president.
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Member Since: 8/29/2011
Posts: 3,420
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Member Since: 1/7/2010
Posts: 4,967
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Hmmm.... Lots of Companies will probably fail/disappear, leave the country for cheaper labor, or just replace Citizens with more immigrants and robots for less pay. 
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Member Since: 1/3/2014
Posts: 3,459
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Member Since: 12/7/2011
Posts: 18,969
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Well yes, because socialism's main objective is to demolish the capitalism that is thriving today. It's something that Karl Marx predicted in the dawn of the Industrial Revolution, but never happened in reality.
Bernie is all about theory this, theory that. He's all talk, but I bet you $1M if he ever step into office, his plan will fail 100%.
If capitalism is still thriving today contrast to what Karl Marx predicted back then, then who can say that it won't under Bernie's rule. In other words, regulated capitalism is essential to the economy, and if it is abolished, then the economy will be in ruins.
It's not that simple, Bernie. Just take a look at what happened once Justin Trudeau was elected as the Prime Minister of Canada. Months have passed, and the dollar is continuing to tank, and it seems as if his "democratic" plan is failing because all he's doing is play into his celebrity status, and taking selfies with other celebrities, while totally ignoring his duties as PM.
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Member Since: 1/1/2014
Posts: 8,579
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Most candidates have "professional experts" backing them, so I'll take these with a grain of salt
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Member Since: 4/6/2011
Posts: 31,849
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yeah right. 
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ATRL Contributor
Member Since: 1/6/2010
Posts: 4,761
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Quote:
Originally posted by ABEL-o-matic
Well yes, because socialism's main objective is to demolish the capitalism that is thriving today. It's something that Karl Marx predicted in the dawn of the Industrial Revolution, but never happened in reality.
Bernie is all about theory this, theory that. He's all talk, but I bet you $1M if he ever step into office, his plan will fail 100%.
If capitalism is still thriving today contrast to what Karl Marx predicted back then, then who can say that it won't under Bernie's rule. In other words, regulated capitalism is essential to the economy, and if it is abolished, then the economy will be in ruins.
It's not that simple, Bernie. Just take a look at what happened once Justin Trudeau was elected as the Prime Minister of Canada. Months have passed, and the dollar is continuing to tank, and it seems as if his "democratic" plan is failing because all he's doing is play into his celebrity status, and taking selfies with other celebrities, while totally ignoring his duties as PM.
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Preach!!
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Member Since: 8/29/2011
Posts: 18,282
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Investment is not the problem with the economy, it's the lack of consumption. Did people even read the thread before posting?
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Member Since: 10/12/2010
Posts: 2,650
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Quote:
Originally posted by Pokistic
Hmmm.... Lots of Companies will probably fail/disappear, leave the country for cheaper labor, or just replace Citizens with more immigrants and robots for less pay. |
Quote:
Originally posted by ABEL-o-matic
Well yes, because socialism's main objective is to demolish the capitalism that is thriving today. It's something that Karl Marx predicted in the dawn of the Industrial Revolution, but never happened in reality.
Bernie is all about theory this, theory that. He's all talk, but I bet you $1M if he ever step into office, his plan will fail 100%.
If capitalism is still thriving today contrast to what Karl Marx predicted back then, then who can say that it won't under Bernie's rule. In other words, regulated capitalism is essential to the economy, and if it is abolished, then the economy will be in ruins.
It's not that simple, Bernie. Just take a look at what happened once Justin Trudeau was elected as the Prime Minister of Canada. Months have passed, and the dollar is continuing to tank, and it seems as if his "democratic" plan is failing because all he's doing is play into his celebrity status, and taking selfies with other celebrities, while totally ignoring his duties as PM.
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!!
Plus raising taxes too much is going to trickle down to the rest of us at some point, like businesses having to raise the costs of goods in order to break even and profit, otherwise high taxes would kill them.
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