This is incredible. I’m surprised someone hasn’t diaried this?! Maybe I missed it. The blurb 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%.
Sanders' plan to pour $14.5 trillion into the economy -- including spending on infrastructure and youth employment, increasing Social Security benefits, making college free and expanding health care and family leave -- would juice GDP and productivity. Also, he would raise the minimum wage, as well as shift income from the rich to the middle and working class through tax hikes on the wealthy and corporations.
"Like the New Deal of the 1930s, Senator Sanders' program is designed to do more than merely increase economic activity," Friedman writes. It will "promote a more just prosperity, broadly-based with a narrowing of economy inequality."
Many presidential hopefuls say their economic programs would boost growth. Donald Trump and Jeb Bush justify their big tax cuts by saying GDP would grow at a 4% rate. But their plans have been panned by experts as overly optimistic.
money.cnn.com/…
Let me know if outside fair use amount of text.
Oh and of course CNN Money quotes a third way asshat Kim Kessler, likely Hillary promoter, who said in response to the article "The 5.3% number is a fantasy" without explaining where he pulled that from… but we all know….
Monday, Feb 8, 2016 · 6:31:28 PM +00:00
·
gnosticator
Yup:
"The middle class have had a very difficult 15 years. Median wages are stuck; the economy is flat. And the middle class have been suffering on this," said Jim Kessler, a senior vice president for policy at Third Way. "I also think that, politically, this election will be won or lost on how the middle class votes. So [Mrs. Clinton's tax plans] make sense economically and politically."
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