170 Prominent Economists Back Bernie Sanders’

[Fenton]

But it does work. The US was out of recession the month after the spendulous bill was signed, and we were gaining jobs six months after that.

In countries where the government cut spending, the recession lasted longer, and even double dipped.

You should study actual economic history a little more, and conservative rhetoric a little less.

Really ?? We've blown through 8 Trillion in 7 years and the economy is still on life support.

And why wouldn't it be ? That's exactly whats to be expected from Stimulus.

It's what happened to Japans economy when they blew through 10 different stimulus packages in the 90's.

To make matters worse, Sanders plans on increasing taxes on everyone including Corporations, investor's and the middleclass.

If " stimulus " was so successful why did the FED feel that they needed to drive interest rates down to nothing for the last 7 year's ?

You're the one spreading rhetoric, doing your best to marginalize the tens of millions of Americans who have struggled and continue to struggle through this economy.

 

[Fenton]

He understands the market economy quite well. He also has Stephany Kelton on his staff.

https://www.youtube.com/watch?v=d57M6ATPZIE

He " understands " how to destroy one, not how to grow it safely and successfully.

All he really understands are the toxic and divisive left wing talking points used to convince as many people as possible that they're hopeless and helpless victims.

That they struggle because others prosper.

 

[Absentglare]

Not really.

They wouldn't take their mansions with them. That housing would then be available for others, most likely at a bargain price. The Walton family wouldn't shut down their cash cow, Walmart would still exist just as it does now.

I really can't think of anything that would change in the US, other than a widening of opportunities for new people to step into their shoes and fill any voids. We have no lack of talent in the US, and the rich have no monopoly on intellect.

And exactly what country would rich Americans have a safer and better life in? And in what country would they find more business opportunities in?

Yeah pretty much.

 

[Exquisitor]

Really ?? We've blown through 8 Trillion in 7 years and the economy is still on life support.

And why wouldn't it be ? That's exactly whats to be expected from Stimulus.

It's what happened to Japans economy when they blew through 10 different stimulus packages in the 90's.

To make matters worse, Sanders plans on increasing taxes on everyone including Corporations, investor's and the middleclass.

If " stimulus " was so successful why did the FED feel that they needed to drive interest rates down to nothing for the last 7 year's ?

You're the one spreading rhetoric, doing your best to marginalize the tens of millions of Americans who have struggled and continue to struggle through this economy.

The stimulus kept us out of a great depression. Republicans in the Senate filibustered 69 times keeping any more stimulus from further results.

You can't live long on stimulus but sometimes they're needed.

I don't know what to do now.

 

[Moderate Right]

Greece isn't monetarily sovereign. The US is. You obviously no little about economics or you wouldn't be making an apples to oranges comparison.

I would recommend that you learn more about economics before you participate in discussions that are over your head. Sometimes it's better to be a reader of these types of conversations than a contributor.

Thanks for the advice but I don't think I need to take advice from someone who doesn't know that know is spelled k n o w, not n o. If you want to be taken seriously as being knowledgeable I suggest you learn how to spell first and then return to the forum. Sometimes you have to take baby steps before you can play with the big boys.

 

[Fenton]

The stimulus kept us out of a great depression. Republicans in the Senate filibustered 69 times keeping any more stimulus from further results.

You can't live long on stimulus but sometimes they're needed.

I don't know what to do now.

There is no qualitative or quantitative proof that that stimulus did anything but jack up our debt. Kept us out of a great depression ? Just one of many unsubstantiated talking points that have come out of the Obama administration in the last 7 years.

It was supposed to create " shovel ready jobs ", it was supposed to help fund the building of a manufacturing base for " green " products, but in reality, it just added another 900 Million to a unprecedented increase in Government spending that's happened over the last 7 years. Obama was going to fund the creation of a manufacturing base that built things that NO one wanted, that there wasn't a demand for and that could have been manufactured in China for a fraction of the cost.

Hundreds of Millions of dollars disappeared ( http://www.gao.gov/assets/660/655331.pdf ) and all the American Tax payer received back for their investment was a bunch of 5th amendment pleas from crony capitalist




Stimulus doesn't work. In the 1990's, Japan blew through 100 Trillion Yen via 10 different stimulus packages spending large amounts of it on infrastructure. It was their Keynesian Strategy for battling back from the consequences of a asset bubble. Ten different attempts over ten years, ten different tries at stimulus and all they managed to do was to create the highest Debt to GDP ratio in the world among developed nations while their economy continued to stagnate.

Japan's Lost Decade: Lessons from Japan's Economic Failure

As part of a larger monetary policy aimed at keeping interest rates as low as possible, the Bank of Japan is the only investor buying up substantial amounts of Japanese debt. There's a good reason for that. Just a modest interest rate hike would lead to a default on Japan's sovereign debt, and their economy is still struggling.

The left has only one strategy when it comes to growing market based economies. Its always the same, increase Govt spending and increase taxes on the " Rich " ( investors, corporations, small businesses and the wealthy ). How could someone like Sanders or Obama improve or " fix " something that they've never understood ( Market Based economies ) ? How could Sanders improve what he opposes on principle ?

Sanders plan to exponentially increase Govt spending while driving away new private sector investment would absolutely tank what's left of a already weak American economy.

 

[Moderate Right]

You have apparently been misinformed.

Bernie isn't a socialist. He is a democratic socialist, which is something all together different than socialist. He doesn't advocate for government take over of private corporations.

Bernie has called himself a socialist. I take his word for it.

 

[Moderate Right]

Not really.

They wouldn't take their mansions with them. That housing would then be available for others, most likely at a bargain price. The Walton family wouldn't shut down their cash cow, Walmart would still exist just as it does now.

I really can't think of anything that would change in the US, other than a widening of opportunities for new people to step into their shoes and fill any voids. We have no lack of talent in the US, and the rich have no monopoly on intellect.

And exactly what country would rich Americans have a safer and better life in? And in what country would they find more business opportunities in?

You are one of the most delusional people I have ever heard. Why don't you just go and move to your ideal country, but I don't know where that would be. Even Europeans don't think like that.

 

[katzgar]

170 Top Economists Back Bernie's Wall Street Reform Plan

Financial experts, academics, and economists from across the nation are officially endorsing Bernie Sanders’ proposal to break up big banks and bring justice to Wall Street.

In a speech earlier this month in the heart of New York City’s financial district, Sanders outlined his plan to reform Wall Street that included, among other things, passing a new law similar to the Glass-Steagall bill of the 1930s that would separate commercial banking from investment banking — effectively breaking up the biggest Wall Street banks into smaller institutions. Sanders also pledged to take action to cap ATM fees at $2 per use, make usurious interest fees illegal, levy a sales tax on all financial transactions on Wall Street to discourage speculative trading, and bring criminal charges against the banking executives responsible for the 2008 financial crisis. Here’s video of the full speech:

170 Top Economists Back Bernie's Wall Street Reform Plan

the anti education crowd on the right will dismiss this.

 

[katzgar]

There is no qualitative or quantitative proof that that stimulus did anything but jack up our debt. Kept us out of a great depression ? Just one of many unsubstantiated talking points that have come out of the Obama administration in the last 7 years.

It was supposed to create " shovel ready jobs ", it was supposed to help fund the building of a manufacturing base for " green " products, but in reality, it just added another 900 Million to a unprecedented increase in Government spending that's happened over the last 7 years. Obama was going to fund the creation of a manufacturing base that built things that NO one wanted, that there wasn't a demand for and that could have been manufactured in China for a fraction of the cost.

Hundreds of Millions of dollars disappeared ( http://www.gao.gov/assets/660/655331.pdf ) and all the American Tax payer received back for their investment was a bunch of 5th amendment pleas from crony capitalist




Stimulus doesn't work. In the 1990's, Japan blew through 100 Trillion Yen via 10 different stimulus packages spending large amounts of it on infrastructure. It was their Keynesian Strategy for battling back from the consequences of a asset bubble. Ten different attempts over ten years, ten different tries at stimulus and all they managed to do was to create the highest Debt to GDP ratio in the world among developed nations while their economy continued to stagnate.

Japan's Lost Decade: Lessons from Japan's Economic Failure

As part of a larger monetary policy aimed at keeping interest rates as low as possible, the Bank of Japan is the only investor buying up substantial amounts of Japanese debt. There's a good reason for that. Just a modest interest rate hike would lead to a default on Japan's sovereign debt, and their economy is still struggling.

The left has only one strategy when it comes to growing market based economies. Its always the same, increase Govt spending and increase taxes on the " Rich " ( investors, corporations, small businesses and the wealthy ). How could someone like Sanders or Obama improve or " fix " something that they've never understood ( Market Based economies ) ? How could Sanders improve what he opposes on principle ?

Sanders plan to exponentially increase Govt spending while driving away new private sector investment would absolutely tank what's left of a already weak American economy.

if you had made an honest attempt to find out you would know that there are studies that stimulus did work or is honesty not what you are after.
https://www.washingtonpost.com/blog...n-the-subject/2011/08/16/gIQAThbibJ_blog.html

 

[Moderate Right]

the anti education crowd on the right will dismiss this.

What a bunch of BS. I have seen over many decades that the majority of the right are educated and the majority of the left are not. Why do you think Democrats are always courting the poor and the minorities and the illegals for votes? Maybe because they tend to be more uneducated and will believe liberal crap trap easier because of it? Many Republicans are college educated, but they have risen above the "truths" told by the liberal colleges and professors. I saw an interview with Whoopie Goldberg once where her right wing opponent was trying to talk facts and figures and Whoopi would have none of it because she makes decisions based on "what's in her heart", not basing decisions from facts and figures.

 

[katzgar]

What a bunch of BS. I have seen over many decades that the majority of the right are educated and the majority of the left are not. Why do you think Democrats are always courting the poor and the minorities and the illegals for votes? Maybe because they tend to be more uneducated and will believe liberal crap trap easier because of it? Many Republicans are college educated, but they have risen above the "truths" told by the liberal colleges and professors. I saw an interview with Whoopie Goldberg once where her right wing opponent was trying to talk facts and figures and Whoopi would have none of it because she makes decisions based on "what's in her heart", not basing decisions from facts and figures.

I rest my case

 

[Fenton]

if you had made an honest attempt to find out you would know that there are studies that stimulus did work or is honesty not what you are after.
https://www.washingtonpost.com/blog...n-the-subject/2011/08/16/gIQAThbibJ_blog.html

" Studies " ?? :lamo

You can keep your " studies ", I'll rely on real world historical examples of failed stimulus, ( Japan's Lost Decade: Lessons from Japan's Economic Failure ) like Japan blowing through a hundred trillion yen via 10 different stimulus packages and all they have to show for it is a stagnant economy and the worlds LARGEST Debt to GDP ratio, and the example Obama set.

8 trillion in debt over the last 7 years and that includes his " shovel ready " initiative and how's our economy doing presently ?

Well lets start off by pointing out that over the first five years of Obama’s presidency, the U.S. economy grew more slowly than during any five-year period since just after the end of World War II, averaging less than 1.3 percent per year.

Forbes Welcome

Home-ownership rates are at a 20 year low...
Harvard: Home ownership at 20-year low, blacks suffer most | Washington Examiner

47 Million more Americans are now on Food-stamps and the poverty rate and child poverty rates are up. In 2009 poverty rate among Blacks was 25.8% and by 2014 it rose to 27.2 %

Under Barrack Obama Median income rates have dropped consistently to levels not seen since 1995.
Historical Income Tables - Households - U.S Census Bureau

The U-6 rate stands at 11.2 percent , nearly double the unemployment rate that Obama and his useful idiots rely on to perpetuate the lie that we're experiencing a " recovery "

So yea, the unprecedented spending over the last 7 years has really grown our economy....:roll:

 

[katzgar]

" Studies " ?? :lamo

You can keep your " studies ", I'll rely on real world historical examples of failed stimulus, ( Japan's Lost Decade: Lessons from Japan's Economic Failure ) like Japan blowing through a hundred trillion yen via 10 different stimulus packages and all they have to show for it is a stagnant economy and the worlds LARGEST Debt to GDP ratio, and the example Obama set.

8 trillion in debt over the last 7 years and that includes his " shovel ready " initiative and how's our economy doing presently ?

Well lets start off by pointing out that over the first five years of Obama’s presidency, the U.S. economy grew more slowly than during any five-year period since just after the end of World War II, averaging less than 1.3 percent per year.

Forbes Welcome

Home-ownership rates are at a 20 year low...
Harvard: Home ownership at 20-year low, blacks suffer most | Washington Examiner

47 Million more Americans are now on Food-stamps and the poverty rate and child poverty rates are up. In 2009 poverty rate among Blacks was 25.8% and by 2014 it rose to 27.2 %

Under Barrack Obama Median income rates have dropped consistently to levels not seen since 1995.
Historical Income Tables - Households - U.S Census Bureau

The U-6 rate stands at 11.2 percent , nearly double the unemployment rate that Obama and his useful idiots rely on to perpetuate the lie that we're experiencing a " recovery "

So yea, the unprecedented spending over the last 7 years has really grown our economy....:roll:

I rest my case, more right wing anti education.

 

[dimensionallava]

i dont why this is a surprise nobody besides the oil companies backs right wing voodoo economics

 

[Fenton]

I rest my case, more right wing anti education.

You rest your case ?? By making a lazy and vacuous one lined rebuttal ?

God forbid you actually put forth the effort needed to type out a informative and substantive reply that would have addressed what I posted. I mean if what I wrote was so exceedingly uneducated then you should have had NO problem countering it with a fact based and intelligent rebuttal.

But no, you decided to waste perfectly good bandwidth writing nothing.

But then again it's what's expected from people like you.

Sure, being a Bernie Sanders or even a Obama supporter means that you have, for whatever reason decided to remain uniformed on a variety of issues but that doesn't excuse spamming in a Political forum.

 

[Absentglare]

Bernie has called himself a socialist. I take his word for it.

Well i think you should look at how that term is reflected in his policies rather than equivocate Sanders to Russian dictators.

What a bunch of BS. I have seen over many decades that the majority of the right are educated and the majority of the left are not. Why do you think Democrats are always courting the poor and the minorities and the illegals for votes? Maybe because they tend to be more uneducated and will believe liberal crap trap easier because of it? Many Republicans are college educated, but they have risen above the "truths" told by the liberal colleges and professors. I saw an interview with Whoopie Goldberg once where her right wing opponent was trying to talk facts and figures and Whoopi would have none of it because she makes decisions based on "what's in her heart", not basing decisions from facts and figures.

The poor are more often democrat.

However, the average American is more likely to be a democrat *shock*.

 

[dimensionallava]

You rest your case ?? By making a lazy and vacuous one lined rebuttal ?

God forbid you actually put forth the effort needed to type out a informative and substantive reply that would have addressed what I posted. I mean if what I wrote was so exceedingly uneducated then you should have had NO problem countering it with a fact based and intelligent rebuttal.

But no, you decided to waste perfectly good bandwidth writing nothing.

But then again it's what's expected from people like you.

Sure, being a Bernie Sanders or even a Obama supporter means that you have, for whatever reason decided to remain uniformed on a variety of issues but that doesn't excuse spamming in a Political forum.

fenton your arguments are funny your basically desperately trying to say the economy would be better if it weren't for the civil rights act..... slavery would also be "better for the economy" but most people don't want to live that way lol

 

[imagep]

Really ?? We've blown through 8 Trillion in 7 years and the economy is still on life support.

And why wouldn't it be ? That's exactly whats to be expected from Stimulus.

It's what happened to Japans economy when they blew through 10 different stimulus packages in the 90's.

To make matters worse, Sanders plans on increasing taxes on everyone including Corporations, investor's and the middleclass.

If " stimulus " was so successful why did the FED feel that they needed to drive interest rates down to nothing for the last 7 year's ?

You're the one spreading rhetoric, doing your best to marginalize the tens of millions of Americans who have struggled and continue to struggle through this economy.

The economy is doing quite well.

The national debt increases under every president, regardless of the economy and regardless of who is in office or what party they belong to.

 

[Fenton]

fenton your arguments are funny your basically desperately trying to say the economy would be better if it weren't for the civil rights act..... slavery would also be "better for the economy" but most people don't want to live that way lol

Lol !!. You're the last person I would have expected to hear that from.

I'm a racist apparently because you cant offer up a intelligent rebuttal

I'm a Conservative, not a Democrat.

The Democrats filibustered the 1964 voting rights act and introduced the world to Jim Crowe

How are blacks doing under the first Black President by the way ?

Remember, it was the Democr

 

[Fenton]

The economy is doing quite well.

The national debt increases under every president, regardless of the economy and regardless of who is in office or what party they belong to.

Really ? Seems like we would have heard exactly that from the Democrats who were running in the last midterms.

But, they kept quiet on the economy and on ObamaCare. Seems like they should have used that to stave off the ass kicking they received.

Why are you people so insistent on marginalizing the tens of millions of Americans that continue to struggle economically ?

Why the push to silence them, to pretend they don't exist ?

 

[katzgar]

You rest your case ?? By making a lazy and vacuous one lined rebuttal ?

God forbid you actually put forth the effort needed to type out a informative and substantive reply that would have addressed what I posted. I mean if what I wrote was so exceedingly uneducated then you should have had NO problem countering it with a fact based and intelligent rebuttal.

But no, you decided to waste perfectly good bandwidth writing nothing.

But then again it's what's expected from people like you.

Sure, being a Bernie Sanders or even a Obama supporter means that you have, for whatever reason decided to remain uniformed on a variety of issues but that doesn't excuse spamming in a Political forum.

I support neither, and have never supported the. what I dislike is your need to distort and lie about the truth. you have 9 studies, that is plenty

 

[katzgar]

Really ? Seems like we would have heard exactly that from the Democrats who were running in the last midterms.

But, they kept quiet on the economy and on ObamaCare. Seems like they should have used that to stave off the ass kicking they received.

Why are you people so insistent on marginalizing the tens of millions of Americans that continue to struggle economically ?

Why the push to silence them, to pretend they don't exist ?

the real question is why do you hate America.

 

[imagep]

Really ? Seems like we would have heard exactly that from the Democrats who were running in the last midterms.

But, they kept quiet on the economy and on ObamaCare. Seems like they should have used that to stave off the ass kicking they received.

Why are you people so insistent on marginalizing the tens of millions of Americans that continue to struggle economically ?

Why the push to silence them, to pretend they don't exist ?

There are always tens of millions of Americans that struggle economically.

Mostly because conservatives don't want demand to increase, or for lower end wages to increase.

 

[Divergent]

There are always tens of millions of Americans that struggle economically.

Mostly because conservatives don't want demand to increase, or for lower end wages to increase.

I disagree.

I think they intentionally spit in the face of our pioneers that use to make things that lasted for life. I think they noticed that those items would never have to be bought again and systematically made a way to ensure people would have to re-buy items. It's why they are putting brand new year old cars in grave yards. If they simply sold last years cars at a lower rate, they would have to lower the new car price. This happens with houses and food also.

We are trashing goods that could be used by the poor in order to keep the prices of new goods high.