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Would you like median income to grow $22,000 and 3.8% unemployment?

13

Comments

  • doogsinparadise
    doogsinparadise Member Posts: 9,320
    Obama's a neoliberal, so it's surprising that anyone thought he was going to pass single payer and a jobs program. Bernie's refreshing because as an old leftist he's not interested in contemporary identity/culture politics as much as an economic revolution.
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,968 Founders Club

    2001400ex said:

    Friedman, however, argues that Sanders' plan would be more stimulative because it is pouring money into the economy, as opposed to cutting taxes. Several of Sanders' proposals -- such as spending $1 trillion on infrastructure -- will happen in the first few years of his administration.


    The thinking goes: This enhanced government spending would increase demand on businesses, who would then hire more workers to meet their needs. The increase in employment will prompt people to buy more, leading other businesses to hire.


    "If there is more spending, people will have more to do," Friedman said, noting that the share of the population with jobs could be restored to its 1999 level of more than 64%, up from its current 59.6% rate.


    Obama's shovel ready jobs and I got a good chuckle out of this

    You are aware that our best economy is during war when government spending is out of control right? From a fundamental perspective, government spending reduces unemployment and increases corporate profits in the short term. Long-term effects of massive deficits or tax increases are another matter.

    That being said, even if Bernie does get elected, none of the shit he's proposing will actually pass.
    We already tried what Bernie is advocating which is the point that flew over your head.
    And by the most conservative estimates, 600,000 jobs were gained by the stimulus package. Your head has to be firmly lodged into your ass to try to deny that that bill achieved what it set out to do.
    Obama himself joked that the jobs weren't a shovel ready as he thought. Real funny

    But if you would like to link to your stats in the face of a failing economy still under Obama we can take a look.

    The economy still sucks and the money was used to prop up state government unions
    By what metric does our economy "suck"? Unless your retirement portfolio consists of 90% oil and gas securities, I'm not sure how one would arrive at that conclusion.

    A reasonable person might argue that our economy isn't as robust as it could be, and that our economy is merely average. Or they would make the argument that Obama and the dems' policies have done very little to help the economy, instead we're just seeing the result of the natural uptick of the business cycle. Or perhaps they'd instead credit the Fed's monetary policy and the quantitative easing from 2009-2014 as being far more instrumental in the economy's recovery than any of Obama's fiscal policies. Hell, you'd make a lot more sense if you tried to make the argument that had Congressional Republicans actually allowed a number of Obama's economic proposals to get passed (the American Jobs Act being the most significant example of Obama's economic defeats), our economy would be in much worse shape than it is.

    But why try to make any of those arguments when you can just rest your case on "Obama sucks".

    The bumper-sticker-politics generation can't die soon enough.

    Obama sucks.
  • Tequilla
    Tequilla Member Posts: 20,257

    Tequilla said:

    It's great to tout about how much median income is ... everything thinks that that is great until you remind them that costs will probably go up in a similar amount.

    I really laugh anytime I decide to go to McDonald's to get breakfast and realize I just spent $10. Where in this world is a McDonald's breakfast worth anything close to $10?

    Inflation hasn't gone above 4% since 1991. What the fuck are you going on about?

    And as a frequent hungover connoisseur of McDonald's breakfast, you must be nearing your fourth heart attack if you're spending anything close to $10 there.
    Sausage Egg McMuffin, Hashbrowns, and a large Orange Juice ...

    You forget that I'm approaching old, white, and rich status so therefore I don't order off of the dollar millionaires menu.
  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    Tequilla said:

    Tequilla said:

    It's great to tout about how much median income is ... everything thinks that that is great until you remind them that costs will probably go up in a similar amount.

    I really laugh anytime I decide to go to McDonald's to get breakfast and realize I just spent $10. Where in this world is a McDonald's breakfast worth anything close to $10?

    Inflation hasn't gone above 4% since 1991. What the fuck are you going on about?

    And as a frequent hungover connoisseur of McDonald's breakfast, you must be nearing your fourth heart attack if you're spending anything close to $10 there.
    Sausage Egg McMuffin, Hashbrowns, and a large Orange Juice ...

    You forget that I'm approaching old, white, and rich status so therefore I don't order off of the dollar millionaires menu.
    That definitely doesn't cost $10.
  • GreenRiverGatorz
    GreenRiverGatorz Member Posts: 10,168
    Tequilla said:

    Tequilla said:

    It's great to tout about how much median income is ... everything thinks that that is great until you remind them that costs will probably go up in a similar amount.

    I really laugh anytime I decide to go to McDonald's to get breakfast and realize I just spent $10. Where in this world is a McDonald's breakfast worth anything close to $10?

    Inflation hasn't gone above 4% since 1991. What the fuck are you going on about?

    And as a frequent hungover connoisseur of McDonald's breakfast, you must be nearing your fourth heart attack if you're spending anything close to $10 there.
    Sausage Egg McMuffin, Hashbrowns, and a large Orange Juice ...

    You forget that I'm approaching old, white, and rich status so therefore I don't order off of the dollar millionaires menu.
    Where are you getting this, the Times Square McDonalds?
  • Kaepsknee
    Kaepsknee Member Posts: 14,919

    Tequilla said:

    Tequilla said:

    It's great to tout about how much median income is ... everything thinks that that is great until you remind them that costs will probably go up in a similar amount.

    I really laugh anytime I decide to go to McDonald's to get breakfast and realize I just spent $10. Where in this world is a McDonald's breakfast worth anything close to $10?

    Inflation hasn't gone above 4% since 1991. What the fuck are you going on about?

    And as a frequent hungover connoisseur of McDonald's breakfast, you must be nearing your fourth heart attack if you're spending anything close to $10 there.
    Sausage Egg McMuffin, Hashbrowns, and a large Orange Juice ...

    You forget that I'm approaching old, white, and rich status so therefore I don't order off of the dollar millionaires menu.
    Where are you getting this, the Times Square McDonalds?
    No He's back to the future to 2017 at a McDonalds in the Seattle city limits. Except He'll need to forgo the OJ for water.
  • HFNY
    HFNY Member Posts: 5,578
    The Federal Government simply tries to do too much. There are too many departments, too many employees, and much of its spending isn't very efficient. Even though Federal Infrastructure spending lacks great efficiency, it at least has a higher economic multiplier than paying people not to work (Social Security Disability fraud) or giving pap smears to 85 year old women (Medicare churn for more $$$). USPS still loses over $5 billion per year and they've made a few improvements but hasn't stopped Saturday deliveries (no need for them, at least when considering the costs).

    A moderate like Kasich or Bloomberg (maybe even Rubio) should introduce the natural sun-setting of laws so that the outdated ones won't be automatically renewed.

    I appreciate that the Defense Department has been trimming their budget and hope the next President keeps it up because it too is bloated.

    Business tax reform and ending the 2nd home mortgage deduction would be ideal too. Repealing the latter would bring in $10 billion in tax revenues a year and it's something most in DC should support (except for those in vacation / retirement states).
  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,305 Founders Club

    2001400ex said:

    Friedman, however, argues that Sanders' plan would be more stimulative because it is pouring money into the economy, as opposed to cutting taxes. Several of Sanders' proposals -- such as spending $1 trillion on infrastructure -- will happen in the first few years of his administration.


    The thinking goes: This enhanced government spending would increase demand on businesses, who would then hire more workers to meet their needs. The increase in employment will prompt people to buy more, leading other businesses to hire.


    "If there is more spending, people will have more to do," Friedman said, noting that the share of the population with jobs could be restored to its 1999 level of more than 64%, up from its current 59.6% rate.


    Obama's shovel ready jobs and I got a good chuckle out of this

    You are aware that our best economy is during war when government spending is out of control right? From a fundamental perspective, government spending reduces unemployment and increases corporate profits in the short term. Long-term effects of massive deficits or tax increases are another matter.

    That being said, even if Bernie does get elected, none of the shit he's proposing will actually pass.
    We already tried what Bernie is advocating which is the point that flew over your head.
    And by the most conservative estimates, 600,000 jobs were gained by the stimulus package. Your head has to be firmly lodged into your ass to try to deny that that bill achieved what it set out to do.
    Obama himself joked that the jobs weren't a shovel ready as he thought. Real funny

    But if you would like to link to your stats in the face of a failing economy still under Obama we can take a look.

    The economy still sucks and the money was used to prop up state government unions
    And their donors

  • RoadTrip
    RoadTrip Member, Swaye's Wigwam Posts: 8,305 Founders Club
    Or perhaps they'd instead credit the Fed's monetary policy and the quantitative easing from 2009-2014 as being far more instrumental in the economy's recovery than any of Obama's fiscal policies.

    Those were some amazing links to factual stats. How about we just add to the $200 trillion IOUs and call it all good?