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(11,641 posts)Bubzer
(4,211 posts)Petrushka
(3,709 posts)Iwillnevergiveup
(9,298 posts)And the infrastructure component is critical - think Flint!
Enthusiast
(50,983 posts)This is a by product of tax cuts. The controllers of the media want to preserve their tax cuts so the media reflects this. The rest of the wealthy are on board with this of course.
But the truth is, supply side has been a miserable failure. Democrats should stop acting as though Grover Norquist has some secret sauce. Every Democratic office holder should be in favor of returning to the days of government investment.
To hell with the idiot Republicans. Do you really expect them to admit there is a problem with Reaganomics? Reagan and the belief in Reagan's policies have become a kind of quasi religion. Republicans can't look at the results of Reagan presidency objectively.
Enthusiast
(50,983 posts)Thank you, Thom.
Wounded Bear
(58,685 posts)great commentary.
Duval
(4,280 posts)hoped it would be up on DU. This should inform those who have doubted Bernie's economics.
tex-wyo-dem
(3,190 posts)Makes too much sense.
For decades we've been collectively brainwashed by trickle-down bullshit by design to enrich the very few. It's time for this shit to stop, and Bernie's the one to do it!
LittleGirl
(8,287 posts)The 10 mins covered all of my questions too! Thanks for posting.
mountain grammy
(26,642 posts)after 30 years, supply side works very well for the top income levels.
malthaussen
(17,215 posts)It will be derided as a pipe-dream because the benefits are so great. If it could be implemented, I imagine we'd see short-term effects in line with what is suggested.
However, I personally am not satisfied that we could sustain a 50s-60s economy of conspicuous waste very far into the future, as it will only increase the environmental impact, and Mother Nature is starting to get annoyed with us. A booming economy would only hasten the day of reckoning. While those who advocate such a return to the Good Old Days would doubtless make noises about reducing environmental impact through recycling and energy alternatives, the mess in the oceans continues to grow and global warming nears the point of no return.
That said, since no candidate is proposing any alternative that takes this into account, the Sanders plan is no worse than any other, and has the virtue of short-term improvement, so at least we go out with a bang, and not a whimper.
-- Mal
Thespian2
(2,741 posts)Bernie's economics are not discussed because the powerful know his policies work...
Joe Chi Minh
(15,229 posts)of the nation's wealth to a much more equitable distribution, i.e. in favour of redressing the grotesque plundering by the rich that has been going on, putting much more money into the pockets of the now-impoverished majority of the American people, is bound to promote job creation.
In terms of manufacturing and sales, instead of the only people with money in their 'kicks' spending it all solely on luxury goods, the young larrikins will be able to buy and run a Harley or a car, etc., and their girls, whatever 'rings their chimes'.
When governments do the right thing by their people, synergies are created, so that the benefits engender unplanned-for new benefits, the whole ending up greater than the parts. Sometimes the mechanisms are apparent as, explained by Mr Friedman in relation to the renovation of infrastructure, such as roads.
I see a lot of anti-Semitism online, but there are so many outstandingly helpful Jews, such as Mr Friedman and Feel the Bern in comparison with the rest. Most hard-line Communist types in the English-speaking world end up as virtual, if not actual, fascists, so Bernie was unusual in sticking to his guns, at least in terms of his practical idealism. I have a suspicion Paul Wellstone was also Jewish.
PS: Thank you sweetheart no 2.
pberq
(2,950 posts)Fredman's info is spelled out in this article:
http://www.independent.co.uk/news/world/americas/us-elections/bernie-sanders-median-income-would-soar-and-poverty-would-fall-under-democrat-policies-study-finds-a6863136.html#commentsDiv
Bernie Sanders: Median income would soar and poverty would fall under Democrat policies, study finds An economist found that median income would increase by $22,000 if Bernie Sanders gets to the White House
Rachael Revesz New York Tuesday 9 February 2016
Average family income would jump by $22,000 per year and unemployment would fall to 3.8 per cent if Vermont Senator Bernie Sanders is elected as president, a new study has found.
The report, carried out by Gerald Friedman, an economics professor at University of Massachusetts Amherst, found that 26 million jobs would be created under Mr Sanders, and poverty would drop to 6 per cent, instead of 13.9 per cent, as forecasted by the Congressional Budget Office (CBO).
The findings on Mr Sanders spending and tax proposals, given to CNNMoney, also reveal that the US economy would grow by 5.3 per cent per year under Mr Sanders rather than the CBOs projected 2.1 per cent. . .