Video & Multimedia
Related: About this forumCNN's WILD Propaganda Blames Progressives For The Damage Conservatives Are Doing
Uncle Joe
(58,338 posts)Seventeen recipients of the Nobel Prize in economics signed a letter in support of President Joe Bidens $3.5 trillion Build Back Better package on Monday. They refuted arguments made by Republicans and moderate Democrats that the massive "human infrastructure" billwhich would provide funding to expand education, health care, child care, and climate effortsis far too expensive.
The economists also came out in support of a proposed $2.9 trillion increase in taxes to pay for the program. The new rates, which would mostly impact the wealthiest Americans and large, multinational corporations, would represent the largest tax increase in decades.
While we all have different views on the particulars of various economic policies, we believe that key components of this broader agenda are criticalincluding tax reforms that make our tax system more equitable and that enable our system to raise the additional funds required to facilitate necessary public investments and achieve our collective goals, the economists wrote. Because this agenda invests in long-term economic capacity and will enhance the ability of more Americans to participate productively in the economy, it will ease longer-term inflationary pressures.
The signees, who are all currently employed as professors at the nations top universities, include Treasury Secretary Janet Yellens husband George Akerlof, Sir Angus Deaton, Peter Diamond, Robert Engle, Oliver Hart, Daniel Kahneman, Eric S. Maskin, Daniel McFadden, Paul Milgrom, Roger Myerson, Edmund S. Phelps, Paul Romer, William Sharpe, Robert Shiller, Christopher Sims, Robert Solow, and Joseph Stiglitz.
https://fortune.com/2021/09/21/nobel-prize-winning-economists-back-joe-biden-build-back-better-plan/
TigressDem
(5,125 posts)THIS IS THE REAL STORY
CNN is getting weird these days.
WHY?
Response to TigressDem (Reply #2)
Chin music This message was self-deleted by its author.
Crowman2009
(2,494 posts)But that ship sailed a long time ago and those scumbags won't return due to more radical networks, death by covid, death by old age, etc
Uncle Joe
(58,338 posts)Last edited Fri Sep 24, 2021, 02:09 AM - Edit history (1)
If they did report on it, they certainly haven't mentioned it since.
It's weird, when we go to war, they trot out all the generals, when we have major national health crisis, they put the doctors front and center but when it comes to economics, the corporate media hides all our Nobel Prize winners in that discipline in a closet.
What's up with that CNN and other corporate media members?
To my way of thinking CNN is just promoting corporate/oligarch interests over the public good but more subtly than FOX "News."
TigressDem
(5,125 posts)My son is a tRumpee and the "meme" is that their CFO or some big wig got caught on camera supposedly saying they had "got tRump by posting FAKE NEWS" so they may be bending over backwards to appear fair and balanced, instead of reporting the truth.
Whatever sells, I guess.