Bernie Sanders
Related: About this forumUnder 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.
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.
http://money.cnn.com/2016/02/08/news/economy/sanders-income-jobs/index.html
mattvermont
(646 posts)padfun
(1,786 posts)"NO WE CAN'T!"
"NO WE CAN'T!"
LiberalArkie
(15,716 posts)tex-wyo-dem
(3,190 posts)So why even try?
jonno99
(2,620 posts)Well, at the very least you have to admire the OP's optimism!
daleanime
(17,796 posts)when you put people to work.
scottie55
(1,400 posts)I think more like 500 billion now.
1.3 trillion was Obama's first year.
Thank You President Bush!
FreakinDJ
(17,644 posts)daleanime
(17,796 posts)she'll say it ain't so.
AzDar
(14,023 posts)retrowire
(10,345 posts)Dems to Win
(2,161 posts)WillyT
(72,631 posts)SoLeftIAmRight
(4,883 posts)say it with me
no we can't
Ferd Berfel
(3,687 posts)Sophiegirl
(2,338 posts)Should be "No I Won't!"
wouldsman
(94 posts)not affiliated with Bernie. As in a neutral unbiased group.
closeupready
(29,503 posts)kickstarting the recovery of the middle class.
scottie55
(1,400 posts)Make the wealthy pay their fair share.
Not the same.
closeupready
(29,503 posts)Government punishes - that's the enforcement branch.
"Punish greed" - it's a handy euphemism - internet shorthand - for "making the wealthy pay their fair share".
scottie55
(1,400 posts)And using the money to fix what's broken in America?
Never happen.
in_cog_ni_to
(41,600 posts)Do you think our Corrupt Corporate Owned MSM will report this, non -stop, today to inform voters and help Bernie? Doubtful.
PEACE
LOVE
BERNIE
Z_California
(650 posts)There will be a lot of messes to clean up after all of the exploding heads across the Beltway.
in_cog_ni_to
(41,600 posts)Good for them for actually reporting it...kudos to CNN.
GO BERNIE!
PEACE
LOVE
BERNIE
TIME TO PANIC
(1,894 posts)Lucky Luciano
(11,257 posts)greiner3
(5,214 posts)So many powers that really, really want to be won't let him.
cantbeserious
(13,039 posts)eom