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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%.
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
I can hear the sucking sound of Capital being sucked out of an economy going nowhere.
All that proves is that there are 170 economists who are Socialists. It doesn't lend an ounce of credibility to Bernienomics.
They know when the economy was booming. When marginal taxes were much higher, unions were stronger and public investments in grand projects like the interstate highway system and the moon landing made America great. In other words, in a more social democratic America with more shared opportunity and income. These days, politicians have sold out the workers and the paycheck of the CEO is all that matters.
Correct me if I am wrong, please, but isn't it true that Congress must approve the budget? Point being that any POTUS candidate can say he will do anything, but that doesn't mean that he (or she) can.
Correct me if I am wrong, please, but isn't it true that Congress must approve the budget? Point being that any POTUS candidate can say he will do anything, but that doesn't mean that he (or she) can.
Of course, and Sanders doesnt promise anything. He is a visionary and ambitious man who will fight for ordinary Americans round-the clock. The guy has no off-button and hardly sleeps. He just works and works. There is no time for anything else when the middle class is struggling so badly.
Bernie can't raise business taxes. You don't trust Ryan and McConnell?
Yeah, I don't blame you.
True... he can't do it on his own, but he can achieve the equivalent by using executive departments to raise all kinds of new corporate fees, fines, etc... It's the same effect... revenue.
And no, I don't trust the golf pants establishment GOP. Like they have done with Obama they'll give Bernie everything he wants because they are terrified of being called Big Meanies by the media.
Doesn't Bernie view business owners as oppressors of workers and businesses as national parasites?
Doesn't he advocate government holding wealth for distribution to citizens as seen fit by politicians?
How would Bernie's plans for more regulation, increasing business taxes, and instituting mandated higher wages for workers/increasing fixed costs motivate business owners to expand, hire workers, or even start businesses?
They know when the economy was booming. When marginal taxes were much higher, unions were stronger and public investments in grand projects like the interstate highway system and the moon landing made America great. In other words, in a more social democratic America with more shared opportunity and income. These days, politicians have sold out the workers and the paycheck of the CEO is all that matters.
That's a highly simplified, cartoonish understanding of the past. Its the same understanding almost all Sanders supporters have of the past.
Of course, and Sanders doesnt promise anything. He is a visionary and ambitious man who will fight for ordinary Americans round-the clock. The guy has no off-button and hardly sleeps. He just works and works. There is no time for anything else when the middle class is struggling so badly.
How about his plan to make federal minimum wage to $15? How will that benefit the middle class, they will need to pay for all the unemployed poor, and they will see costs rise.
And yes $15 minimum wage will lead to unemployment, because in some states the median wage is less than $15.
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