Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

riversedge

(70,242 posts)
Thu Feb 18, 2016, 01:41 AM Feb 2016

Unicorns, 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 projections—and 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 report’s finding that the proposals are feasible and expressed hope that more people will look into them. “It’s 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. ... It’s 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...................................
21 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Unicorns, ponies, political revolution. The Sanders Campaign Has Crossed Into Neverland (Original Post) riversedge Feb 2016 OP
Predictably Spreading Establishment FUD - Meme Number 145 cantbeserious Feb 2016 #1
Even more predictibly... MrWendel Feb 2016 #3
Read The Article - Establishment FUD cantbeserious Feb 2016 #4
Of course... MrWendel Feb 2016 #7
Meanwhile, camp Clinton runs on the status quo. Which is untenable. Betty Karlson Feb 2016 #18
Your comment is brillant squared! Major Hogwash Feb 2016 #19
You, sir, are an officer and a gentleman. Betty Karlson Feb 2016 #20
your story virtualobserver Feb 2016 #2
First of all, we ought to ditch GDP as a measure of economic growth. Ron Green Feb 2016 #5
optimistic enid602 Feb 2016 #6
Economic analysis conducted by University of Massachusetts gyroscope Feb 2016 #8
Sanders proposals are mainstream and widely popular AgingAmerican Feb 2016 #9
It's popular until it's time to pay for them mythology Feb 2016 #15
They are easily paid for AgingAmerican Feb 2016 #16
But paying for Hillary's tax cuts for Wall Street and the wealthy gyroscope Feb 2016 #17
"A unicorn doesn't qualify you to be president of the United States" oasis Feb 2016 #10
Good job! bravenak Feb 2016 #11
Thanks. Couldn't resist knocking down two birds with one stone. oasis Feb 2016 #12
It was asking for it bravenak Feb 2016 #14
We get it. You don't like Sanders. Perogie Feb 2016 #13
I STILL BELIEVE IN A PLACE CALLED NOPE! Warren DeMontague Feb 2016 #21
 

Betty Karlson

(7,231 posts)
18. Meanwhile, camp Clinton runs on the status quo. Which is untenable.
Thu Feb 18, 2016, 02:59 AM
Feb 2016

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)
19. Your comment is brillant squared!
Thu Feb 18, 2016, 03:17 AM
Feb 2016

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)
20. You, sir, are an officer and a gentleman.
Thu Feb 18, 2016, 03:26 AM
Feb 2016

It's good to see courtesy alive and well. So nice to make your acquaintance.

Ron Green

(9,822 posts)
5. First of all, we ought to ditch GDP as a measure of economic growth.
Thu Feb 18, 2016, 01:48 AM
Feb 2016

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)
6. optimistic
Thu Feb 18, 2016, 01:48 AM
Feb 2016

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)
8. Economic analysis conducted by University of Massachusetts
Thu Feb 18, 2016, 01:51 AM
Feb 2016

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.

 

mythology

(9,527 posts)
15. It's popular until it's time to pay for them
Thu Feb 18, 2016, 02:22 AM
Feb 2016

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)
16. They are easily paid for
Thu Feb 18, 2016, 02:33 AM
Feb 2016

By widely popular and mainstream means. And they are cheaper than what we have now.

Yes We Can't!!

 

gyroscope

(1,443 posts)
17. But paying for Hillary's tax cuts for Wall Street and the wealthy
Thu Feb 18, 2016, 02:35 AM
Feb 2016

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)
10. "A unicorn doesn't qualify you to be president of the United States"
Thu Feb 18, 2016, 02:00 AM
Feb 2016

To paraphrase the incomparable Killer Mike.

Latest Discussions»Retired Forums»2016 Postmortem»Unicorns, ponies, politic...