Great we have a candidate that is solving imaginary problems.
It is a problem in Canada though, can we get to move there?
What are the other two items she thinks are issues?
Posted on 07/22/2019 11:06:53 AM PDT by Signalman
The Democratic presidential candidate Elizabeth Warren thinks she knows how to prevent the next economic crisis.
Warren, who says she spent years before the 2008 financial crisis warning Congress and regulators of the faulty loans that would eventually collapse, wrote a post on Medium on Monday cautioning about another "coming economic crash."
"When I look at the economy today, I see a lot to worry about again," Warren said. "And I see a number of serious shocks on the horizon that could cause our economy's shaky foundation to crumble."
Here are the three things Warren says could cause the next recession and how she would address them: 1) The problem: Household debt Warren highlighted climbing student, auto, and overall household debt as some of the biggest risks to the economy. She said slow wage growth and rising costs had forced families to take on debt to pay for housing, childcare, and education.
The solution(s): To ease household debt, Warren proposes raising the minimum wage to $15 an hour, strengthening unions, closing the pay gap, and allowing workers to elect at least 40% of the board members of US companies.
(Excerpt) Read more at markets.businessinsider.com ...
Fake injun squaw’s grasp of economics rivals her understanding of genetics
“$15 an hour, strengthening unions, closing the pay gap, and allowing workers to elect at least 40% of the board members of US companies.”
Absolute sure-fire recipe for disaster.
Why did they pick the magic number “15”?
100 is a much nicer and rounder number. Think how rich we’d all be if they mandated a $100/hour minimum wage. Why, I could quit work!
Warren is warning me? Ok.
The unions would destroy the companies and that is not an exaggeration.
Great we have a candidate that is solving imaginary problems.
It is a problem in Canada though, can we get to move there?
What are the other two items she thinks are issues?
Now, there is a brilliant one-sentence solution by a politician who loves to present herself as knowledgeable, when her examination of the subject she addresses is clearly inadequate and over-simplified in the real world.
End H-1B, curb legal immigration, put up a 25% across the board import tariff and get out of the WTO would raise the standard of living of the lower 50% more than anything else.
There is a video of Hiawatha on YouTube where she is discussing her book the Two Income Trap. This book was written in 2003 back when she was an economist professor. She could see average Americans were struggling and went over her research/thought process to identify the problem.
It’s very interesting to hear her analysis. Basically in 1970 50% of a household’s income was disposable, compared to only 25% in 2000. And that is with a much higher percentage of these households being two-income nowadays. Her conclusion why was 1) Higher taxes and 2) Higher mortgage payments. She essentially makes that case that an additional income allowed real estate prices to skyrocket. Especially in an environment of crap schools, where people are paying higher prices for homes to get into a good school district. Those higher prices along with higher taxes are screwing us all over.
What is most fascinating is that while she can analyze and root out the root cause of why Americans are struggling, she attempts to fix that with brand new social engineering programs. When instead she could just advocate policies to lower taxes and lower real estate prices. And in the process allow most mothers to actually be stay at home moms instead of being trapped into working.
She’s going to order landlords to lower their rents, just like that? How does a president do that exactly??
And then the good part: ‘invest’ $2 trillion in the “Green Manufacturing Plan” to fight “climate change”. Didn’t Obama pump hundreds of billions of taxpayer money into failed companies? I wonder who got to keep all that money.
Soros planning on another economic coup like got Øbowel selected?
I just debunked Household debt.
Here's Corporate Debt
Wonder what her FR login name is?
sheesh...same old $hit in a different wrapper...She’s not saying anything new...
This debt is a problem. But slow wage growth is not the issue. What is the common factor that affected prices of housing, child care, and education?
Prices for all increased exponentially, after the government stepped in to make it "more affordable" for the people.
The "solution" they always propose - "throw a big pile of government money at it" always has the same effect. The only way to get a generous portion of the giant pile of money is for providers to raise their prices. In the end, the prices rise so high that only the very rich (like most politicians) can afford these items without relying on the assistance of the government.
This is the whole point of the exercise that every single Democrat politician pushes.
Although her solutions are not going to work, at least the Democrats acknowledge that globalism, offshoring and the pursuit of one sided “free trade” has been a disaster for the working class American. At least the Democrats get that. That is more than I can say for the GOP in general.. At least Trump gets it. That is why he was elected.
According to Harvard, she is a person of color, so we should listen to her.
Democrats; They call real crisis’s “manufactured” and refuse to fix them, and they manufacture crisis’s to solve with more taxes and entitlements
“...Warren proposes raising the minimum wage to $15 an hour, strengthening unions, closing the pay gap, and allowing workers to elect at least 40% of the board members of US companies...” = COMMUNISM.
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