Under Sanders, income and jobs would soar, economist says

a reply to: neo96

And Democrats (mostly) *OWN* that legislation from 1999 that crippled the Glass-Steagall sections that get the blame for recent financial collapses.

Seems More Democrats voted in favor of the Gramm-Leach-Bliley Act.

Senate Yes votes:
1 Democrat
53 Republican

House Yes votes:
182 Democrat
58 Republican
1 Independent (guess who the Independent was that voted Yes) (HINT: his name is in the title of this thread !!!!)

President Yes:
1 Democrat

Total Democrats in favor = 184
Total Republicans in favor = 111

Hmmm.


Senate

House


? Has Bernie ever been axed to give an explanation for voting in favor of the Bill that repealed the Glass-Steagall restrictions ?

a reply to: xuenchen

? Has Bernie ever been axed to give an explanation for voting in favor of the Bill that repealed the Glass-Steagall restrictions ?

When hell freezes over.

Come on now. It's ALL 'republicans' fault.

Pay no attention to CLinton signing that repeal. or Sanders voting in favor.

Tis the election season, where FACTS matter naught.

I reject your reality and substitute my own!

If an economist said that Trumo's plan would be better for the economy then what this economist said about Sander's plan. . Would one, take some antibiotics to stop feeling the Bern?

Be happy that their was a positive outlook for America and jump on Trump?

originally posted by: elitegamer23
...
Unreal numbers and if they were made possible it could only help out everyone in the USA , including corporate America.
...
I'm not here to argue about socialism, right or left, right or wrong.

Just wanted to share this article I ran across with ats.

But that's exactly what you are doing. Bernie is a socialist hiding under the Democrat Socialist/Social Democrat "magic hat"...

A "magic hat" that will "suddenly and inexplicably give millions, and millions of jobs, increase the pay for everyone and would bring unicorns to life along all of Narnia's inhabitants to planet Earth..."

What Bernie and his "economist friends" are doing is spout the same old lies told by other "socialists" dozens, and dozens of times... And all of it was a lie, or an exaggeration meanwhile not explaining all the rights Americans would lose once socialism is in control in the U.S...

I wonder where I heard all of that?...

This just in from Ted Turner Central - "Socialism is the way to go!"

a reply to: Gryphon66

Here's some charts to check out:

Labor Force Participation Rate

Down Trend - worst number since December 1978

Labor Force Participation Rate 55+

Stagnant (actually increasing in ages 65+)

Labor Force Participation Rate 25-34Labor Force Participation Rate 25-34

Another downward trend

I'll admit typically I get most my info from CNBC and Peter Schiff, perhaps not the greatest sources. However the data speaks for itself. It's not that the numbers are wrong, they just report them in a misleading way.

For instance they may report that the economy added 150,000 jobs in January and unemployment has decreased. Hooray things are improving! ... But what they will leave out is that labor participation is the lowest it has been in the past 38 years. Most the jobs that are being added are low paying service sector jobs - servers, retail workers etc.

Also I am employed, though part time. I get enough hours to get by usually, it's not a bad job I would just like to be full time. Of course I have been applying the past two months for a better job but so far no luck. It's not just me either I know plenty of others that want full time positions but have to hold down 2 or more part time jobs.

a reply to: asmall89

I am seeing that "part time only" with several of my family members and their loved ones. They get part time jobs where they only give 29 hours is all they can find.

a reply to: elitegamer23

I am not a man of numbers. I am really quite at sea when huge sums of money are concerned, and I cannot poke any holes in Friedmans mathematical ability.

However, it seems to me that his calculations could be absolutely right, but his conclusions could turn out being utterly wrong. Look at what happened when Obama got into power. Some companies threatened to up sticks and move their work elsewhere, the congress neutered and blocked every move they could, leading to a much less effective Medicare and Medicaid package than was initially proposed, every effort that could have been made, by any entity which had an ideological disagreement with the President to discredit his thinking and make him look foolish, was made.

I do not think that Friedman has taken these things into proper account, because if he had, his numbers may have come out looking much less rosy. Do not get me wrong, Sanders seems to be a candidate worth looking into, but I question the actual usefulness of Friedmans mathematics as we have been shown them.

a reply to: elitegamer23

I can't believe that this thread is #1 on ATS right now and that there are people that actually believe that Bernie could do any of the things he says. He reminds me of the Great and Powerful Oz. He promises big, but behind the curtain is only a man with smoke and mirrors.

a reply to: Metallicus

They are ALL only men with smoke and mirrors, except one of course, and she is Hilary!

Correction, one of them is a man with smoke, mirrors, and a space ferret living on his skull, which will attempt to enslave the world under the banner of its furry brethren.

originally posted by: ketsuko
a reply to: elitegamer23

Yeah, government sector ones.

This would last right up until we become Greece or Venezuela.

No one ever argues that the bureaucracies needed to administer endless socialist programs don't offer lots of jobs and pay very, very well.

Both Greece and Venezuela have recently been economically attacked and sanctioned. How can their overall well being be made fun at when much of the recent strife they've experienced has not come from internal factors?

In Greece's case, they are trying to financially calibrate them to their knees to comply with EU fiat decree, in Venezuela case, Venezuela is a recent victim of the U.S.'s "Assad Must Go" behavior to destabilize that nation because of cold war games.

Venezuela is in turmoil right now because their leadership determined the main export should be the one thing the regional powerbrokers cant shake their addiction for, Oil. And the recent tanking of Oil and the undiversified Venezuelan economy resulted in a display massive instability in terms of buying power for imported necessities.

To even compare Greece and Venezuela as the same thing, and even more so to some loosely defined socialism only does more harm.

Now don't get me wrong, I don't condone many of the Venezuelan leaderships actions and planning, but to make like the "west" won't have a say in it is crazy. So much more has to do with the state of ruin of those two countries, and to fault them solely on their socialist planning isn't very accurate.

a reply to: Metallicus

Well, when one person has enough support -- he CAN do things. Especially if those same people who voted for him turn and kick out the people in congress who will hamper their new president.

Change can happen, but only if the people stay on track and focused.

If Bernie somehow got elected, and the single thing he was able to accomplish was to set into motion a way to kick money out of politics -- I'd take that over a wall with Mexico 100 times over.

We can always build a wall, but a chance to take back our government and put it back in the hands of her people? I'll take that along with whatever else Bernie might want any day.

a reply to: elitegamer23

Personal income is the fuel that drives the economy. If we decide to have a service economy, where everyone makes 8 dollars an hour, you cannot have a 1st world country. You have something like Brazil or Mexico, where you have an elite class and the peasants. You need 2 things to have a first rate country: an educated populace and a living wage. We are losing both, sacrifices to keep a very small segment of our population living in obscene opulence. It is not sustainable.

originally posted by: ketsuko
a reply to: elitegamer23

Yeah, government sector ones.

This would last right up until we become Greece or Venezuela.

No one ever argues that the bureaucracies needed to administer endless socialist programs don't offer lots of jobs and pay very, very well.

Where are you living? We already ARE Greece or Venezuela. We have a vanishing middle class and nothing but service jobs. If that trend continues Greece will start to look GOOD to us.

originally posted by: Metallicus
a reply to: elitegamer23

I can't believe that this thread is #1 on ATS right now and that there are people that actually believe that Bernie could do any of the things he says. He reminds me of the Great and Powerful Oz. He promises big, but behind the curtain is only a man with smoke and mirrors.

I feel the same way every time Trump opens his mouth.

Jumped on a comment before finishing reading the thread.

this reply is in general to some of the comments seen on this page.

New taxes wont work like folks think until we have a congress willing to actually fix are busted ole tax system... like throw it in the dumpster where it belongs, otherwise they will only do like they talked about a few years ago concerning the VAT tax... grafting it on top of what we already have. Our congress does not like to let go of anything that brings in revenue.

for people that still like to say one side is better than the other, look up who has controlled congress... then plug and play legislation that really pisses you off, I think youll be surprised.

Both sides have shown they have zero interest in fixing any bad legislation, they only want to adjust things so they can get 600k dollar speakign engagements.

a reply to: Kali74

You just want control over what people have and what they can make. Nothing neferios there!

a reply to: schuyler

Economic policy can take years to show a sign one way or another. You would have to wait until the second term of a President (or later) to see how his policy worked.