The Logical Leftist
@logicallyleftist·273K subscribers·15.5K videos
Top Economist says Bernie Sanders plan will create 26 million jobs
Posted
February 10, 2016
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February 10, 2016
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"A respected economist who has been cited by the Wall Street Journal has released a new analysis of Bernie Sanders’ domestic policy and economic programs, and his findings are frankly stunning: Median income would increase by $22,000 and 26 million jobs would be created — bringing the unemployment rate to 3.8%.
Specifically, the analysis estimated that the median income would rocket to $82,200 by 2026, far higher than the projection of $59,300 currently estimated by the Congressional Budget Office. Poverty would drop to 6%, compared to 13.9% under the CBO’s numbers, and the economy would grow by 5.3% compared to 2.1%.
Gerald Friedman, an economics professor with the University of Massachusetts Amherst, gave this exclusive analysis to CNN Money. His analysis was not commissioned by the Sanders campaign, but the campaign’s policy manager called the report “outstanding work.”
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