Posted on 02/08/2016 9:03:04 AM PST by Signalman
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.
(Excerpt) Read more at money.cnn.com ...
bwahahahlolbwhalmaobwahahahahaha stop it oh man bwahahahahahahahahahhahahahhahahhahahahahahahhalolololololo it hurts stop
Soar = sour
:-)
All these children who want me to pay for their college education are in for a huge fall. Bernie is a communist CLOWN!!
This guy must be a friend of Gruber..
Karl Marx fancied himself to be an economics professor as well and he got an even larger following than Gerald Friedman. How did that work out?
Sure. You’d have a government make-work job like they used to have in the Soviet Union. You’d get paid $100,000 per year. And milk will cost $50 per gallon and bread will cost $20 per loaf.
No human socialism to date has been able to overcome the selfishness quotient. Nor, if Judeo-Christian theology is correct, and I have found it to be more reliable than any modern physics, will it be able to do so.
What these folks are trying to do, bluntly, is to have God without a God.
However I am not as hard on socialists as I used to be, bless their bleeding hearts so to speak. They’re looking for the right thing in the wrong place. Men can not gin up blessings. However they can count on the promise of a God who, when approached in the right way, will bestow blessings.
Yep, there is always that kind of fly in the ointment.
Ooh, could Donald Trump make mincemeat out of such ideas.
..Under Sanders, income and jobs would soar, economist says...
Just like in Cuba and Venezuela.
Say goodbye to your toilet paper too.
‘We pretend to work, they pretend to pay us’
Just because you are a college professor does not mean you have any intelligence............
If it even did that good it would be marvelous as such plans go.
Trouble is, that there is never a selfless interest to be found among men. It has to be found in God.
Friedman is a member of the Democratic Socialists of America and the author of financing plans for single payer healthcare plans.
He is very wrong.
And milk will cost $50 per gallon and bread will cost $20 per loaf.
Well what else would be expected from a radical leftwing professor at the University of Massachusetts, Amherst.
Mr. Friedman must have studied with Paul Krugman.
If there were a Nobel prize for Comedy, Mr Friedman would be a top choice, having exceeded even the inane BS of his mentor.
Yes, if by “soar” they mean soar like a cinder block dropped from a C130 at 20,000 feet.
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