2016 Postmortem
Related: About this forumUnicorns, ponies, political revolution. The Sanders Campaign Has Crossed Into Neverland
Dean Barker @deanbarker 3h3 hours ago
Unicorns, ponies, political revolution.
http://www.motherjones.com/kevin-drum/2016/02/sanders-campaign-has-crossed-neverland
#SCPrimary #NVcaucus
The Sanders Campaign Has Crossed Into Neverland
By Kevin Drum
| Wed Feb. 17, 2016 12:49 PM EST
I'm not quite sure what I was doing last week when this first appeared, but I missed it. Here's a summary from Amherst professor Gerald Friedman about the impact on the economy if we adopt all of Bernie Sanders' domestic spending proposals:
WTF? Per-capita GDP will grow 4.5 percent? And not just in a single year: Friedman is projecting that it will grow by an average of 4.5 percent every year for the next decade. Productivity growth will double compared to CBO projectionsand in case you're curious, there has never been a 10-year period since World War II in which productivity grew 3.18 percent. Not one. And miraculously, the employment-population ratio, which has been declining since 2000 and has never reached 65 percent ever in history, will rise to 65 percent in a mere ten years.
The Sanders campaign hasn't officially endorsed this analysis, but we do have this:
Warren Gunnels, policy director for the Sanders campaign, hailed the reports finding that the proposals are feasible and expressed hope that more people will look into them. Its gotten a little bit of attention, but not nearly as much as we would like, Mr. Gunnels said. Senator Sanders has been fighting establishment politics, the establishment economics and the establishment media. And this is the last thing they want to take a look at.
It shows that over a 10-year period, we would create 26 million new jobs, the poverty rate would plummet, that incomes would go up dramatically, and we would have strong economic growth. ... Its a very bold plan, and we want to get this out there.
I've generally tried to go easy on Bernie Sanders. I like his vision, and I like his general attitude toward Wall Street. But this is insane. If anything, it's worse than the endless magic asterisks that Republicans use to pretend that their tax plans will supercharge the economy and pay for themselves. It's not even remotely in the realm of reality. If it were, France and Germany and Denmark would all be Croesian paradises by now...................................
cantbeserious
(13,039 posts)eom
MrWendel
(1,881 posts)reading the headline and not the article #453
cantbeserious
(13,039 posts)eom
MrWendel
(1,881 posts)you did.
Betty Karlson
(7,231 posts)Clinton runs on unreal expectations, Sanders on direly needed measures.
Clinton pretends that the 20th century never ended. That is not a unicorn, it is a thylacine!*
*(thylacine = extinct carnivorous marsupial that existed into the 20th century)
Major Hogwash
(17,656 posts)To think that I could have lived my entire life without ever knowing what a thylacine is -- a situation which I find totally unacceptable to me now -- having been enriched since you have brought that term to the DU here today.
You are a scholar and a lady, Betty.
Thank you.
My hat's off to you.
Betty Karlson
(7,231 posts)It's good to see courtesy alive and well. So nice to make your acquaintance.
virtualobserver
(8,760 posts)Ron Green
(9,822 posts)There are far more complete systems, such as the Genuine Progress Indicator, that show not just how much money is changing hands, but how well we're building an economy that works for people.
enid602
(8,620 posts)The sad thing is that Bernie is using these wildly optimistic projections to limit the negative effects of his spending increases.
gyroscope
(1,443 posts)is a lot more credible than Hillary's right-wing economic agenda of giving more tax breaks to Wall Street, raising the defense budget, slashing welfare, etc.
AgingAmerican
(12,958 posts)Thus to Hillary they are 'Unicorns'.
mythology
(9,527 posts)There is a reason Sanders' proposals rely on overly optimistic numbers to make the math work. Because he knows if he really tells people what it would cost, he would lose votes.
AgingAmerican
(12,958 posts)By widely popular and mainstream means. And they are cheaper than what we have now.
Yes We Can't!!
gyroscope
(1,443 posts)of course is no problem.
we'll just cut food stamp, education, welfare and social security benefits to pay for it.
oasis
(49,389 posts)To paraphrase the incomparable Killer Mike.
bravenak
(34,648 posts)oasis
(49,389 posts)bravenak
(34,648 posts)Perogie
(687 posts)Warren DeMontague
(80,708 posts)Ahhh, after all these years, those words. so inspirational.