Tuesday, February 9, 2016

Analysis: Sanders' economic agenda would usher in another New Deal, i.e., greater economic prosperity

(Photo by Michael Vadon, provided courtesy of Wikipedia, and used here under the CCA-SA 2.0 Generic Licence.)

According to an analysis by Gerald Friedman, an economics professor at the University of Massachusetts Amherst, Bernie Sanders' economic agenda would do wonders for the nation's economy and workforce: "median household income would be $82,200 by 2026, far higher than the $59,300 projected by the Congressional Budget Office. In addition, poverty would plummet to a record low 6%, as opposed to the CBO's forecast of 13.9%. The U.S. economy would grow by 5.3% per year, instead of 2.1%, and the nation's $1.3 trillion deficit would turn into a large surplus by Sanders' second term."
Friedman writes: "Like the New Deal of the 1930s, Senator Sanders' program is designed to do more than merely increase economic activity. [It will] promote a more just prosperity, broadly-based with a narrowing of economy inequality." 

Of course, so many people are addicted to trickle-down economics, plutocracy, and voting for anti-infrastructure Republicans, that Sanders will have a tough time achieving the Oval Office and implementing his policies; but a Sanders' presidency would be the start of a movement. And a movement is what this nation needs - not more corporate Democrats letting the nation drift further and further to the right with their watered-down, Wall Street-friendly agendas; and not more Republicans who want to hand out tax breaks for the rich while children are being poisoned by lead coming out of old, filthy water lines.

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