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2/8/2016 10:16:05 PM
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Under Sanders, income and jobs would soar, economist says

[quote]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.[/quote] Hmm, doesn't quite seem to fit with the criticism of Sanders' plans and how it will be the downfall of the US as we know it...

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  • Edited by ShapelessHorr0r: 2/9/2016 4:25:02 PM
    Economist = singular Mind = blown Furthermore, I can almost guarantee you that this is an optimistic look at Sanders' plan. Essentially, it only looks at the numbers and dismisses the logical consequences of said numbers. You know, the only real criticisms that have been leveled at Sanders. [quote][quote]according to an analysis given exclusively to CNNMoney.[/quote][/quote] Edit: Hey Max, Lincoln, and Britton. Can we stop with simply quoting articles? When has aimless rhetoric gotten anyone anywhere? This goes less towards the latter of course, but do you guys even fully understand the policies you so back up? You, on a constant basis, simply look like the angsty college students who think they know something because Bernie swooped them up with his blatant pandering. What happened to having a debate in order to learn, to be more educated? Oh yeah, trending happened...

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