Saturday, July 30, 2016

Former Obama Stimulus Guru and Maximum Clinton donor offers Yahoo analysis


The lead author in this study is Mark Zandi who has given the maximum amount to the Clinton campaign and was a well known supporter of the Obama stimulus plan. Gee, wasn't there a time when the main stream media actually "tried" to at least "look" neutral?

Oh, and wasn't there a time when they tried to be correct? Remember how much those supporters thought unemployment would go down under the Obama stimulus plan? You really want to trust these same people to judge Clinton's plan?



Either way, the Clinton economic plan looks an awful lot like the Obama economic plan. So if you like 1.2% GDP growth and are happy with eight years of stagnant growth and stagnant wages, then I can see why people like Zandi would be bullish on more of the same.

Hat Tip / Powerline Blog

14 comments:

KD said...

Hillary Clinton has made clear she intends to dramatically raise taxes on the American people if elected. She has proposed an income tax increase, a business tax increase, a death tax increase, a capital gains tax increase, a tax on stock trading, an "Exit Tax" and more (see below). Her planned net tax increase on the American people is at least $1 trillion over ten years, based on her campaign’s own figures.

Hillary has endorsed several tax increases on middle income Americans, despite her pledge not to raise taxes on any American making less than $250,000. She has said she would be fine with a payroll tax hike on all Americans, she has endorsed a steep soda tax, endorsed a 25% national gun tax, and most recently, her campaign manager John Podesta said she would be open to a carbon tax. It’s no wonder that when asked by ABC's George Stephanopoulos if her pledge was a "rock-solid" promise, she slipped and said the pledge was merely a “goal.” In other words, she's going to raise taxes on middle income Americans.

Hillary’s formally proposed $1 trillion net tax increase consists of the following:

Income Tax Increase – $350 Billion: Clinton has proposed a $350 billion income tax hike in the form of a 28 percent cap on itemized deductions.

Business Tax Increase -- $275 Billion: Clinton has called for a tax hike of at least $275 billion through undefined business tax reform, as described in a Clinton campaign document.

“Fairness” Tax Increase -- $400 Billion: According to her published plan, Clinton has called for a tax increase of “between $400 and $500 billion” by “restoring basic fairness to our tax code.” These proposals include a “fair share surcharge,” the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.

But there are even more Clinton tax hike proposals not included in the tally above. Her campaign has failed to release specific details for many of her proposals. The true Clinton net tax hike figure is likely much higher than $1 trillion.

For instance:

Capital Gains Tax Increase -- Clinton has proposed an increase in the capital gains tax to counter the “tyranny of today’s earnings report.” Her plan calls for a byzantine capital gains tax regime with six rates. Her campaign has not put a dollar amount on this tax increase.

Tax on Stock Trading -- Clinton has proposed a new tax on stock trading. Costs associated with this new tax will be borne by millions of American families that hold 401(k)s, IRAs and other savings accounts. The tax increase would only further burden markets by discouraging trading and investment. Again, no dollar figure for this tax hike has been released by the Clinton campaign.

“Exit Tax” – Rather than reduce the extremely high, uncompetitive corporate tax rate, Clinton has proposed a series of measures aimed at inversions including an “exit tax” on income earned overseas. The term “exit tax” is used by the campaign itself. Her campaign document describing this proposal says it will raise $80 billion in tax revenue, but claims some of the $80 billion will be plowed into tax relief. How much? The campaign doesn't say."

This will hit the poorest the hardest, you watch.


KD said...

That's the only way we can turn our progressive platform into real change for America. "


She has staked out the far left and there is no coming back from there.


Trump is more middle to middle right, not extreme in any way.

Coldheartedtruth Teller said...

If the anti-science crowd had been in control of 1940s British and American leadership, Albert Einstein's letter about nuclear power would have gone in the trash, the solution of German codes would have failed because Alan Turing would have been jailed sooner for homosexuality, and millions of soldiers would have died because Penicillin wouldn't have been discovered. The remnants of the American population would be praying 24 hours a day in the middle of the nation trying to find a way not to speak Japanese or German.

Coldheartedtruth Teller said...

Another Trump lie.

I turned down a meeting with Charles and David Koch. Much better for them to meet with the puppets of politics, they will do much better!
3:01 PM - 30 Jul 2016

The Koch brothers turned him down.

Coldheartedtruth Teller said...

冷たい心の真実」
Tsumetai kokoro no shinjitsu'

Cold Hearted Truth in Japanese

Coldheartedtruth Teller said...
This comment has been removed by the author.
Commonsense said...

Hillary Clinton must never occupy the White House again.

Loretta said...

"I turned down a meeting with Charles and David Koch. Much better for them to meet with the puppets of politics, they will do much better!"

He doesn't need the Koch brothers

Coldheartedtruth Teller said...

http://www.realclearpolitics.com/epolls/2016/president/us/general_election_trump_vs_clinton-5491.html

KD, said...

Hillary never turns down OPM, look at the Bill the Rapist, Cheal$ea - the I Hate Money big liar and Crooked Hillary donations .


KD, Ignore the data said...

Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era

Despite longevity, total growth during this economic expansion is lower than for much shorter business cycles" Wall Street Journal


HB, you have spread like a computer virus, can you please stay on top and OFF of the A blog, go back to the Trash blog and your HATE .

Anonymous said...




Seven Years Later, Recovery Remains the Weakest of the Post-World War II Era

http://blogs.wsj.com/economics/2016/07/29/seven-years-later-recovery-remains-the-weakest-of-the-post-world-war-ii-era/

KD said...

Central banks have been pumping money into the global economy without a whole lot to show for it other than sharply higher stock prices, and even that has been on the downturn for the past year.


Growth remains anemic, and worries are escalating that the U.S. and the rest of the world are on the brink of a recession, despite bargain-basement interest rates and trillions in liquidity.

It's all part of a phenomenon that Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, terms "quantitative failure," or the flip side of the quantitative easing policy the Fed and others have been employing to stimulate growth. "


Every time we have a Progressive, Like Carter with "Stagflation" or now with O'Hillary we get new ways to explain a very poor economy.

This time we get to add ""quantitative failure," All the QE's in the US and global QE's have us weaker then eva'.

KD said...

RRB the poorly financially and economically educated Progressive don't understand nor do they care as long as the offices of the US Govt are open to pump out those welfare checks and the food stamps to eat.

Federal Reserve - $2.461 trillion, so few Americans even know about that debt .