Monday, August 8, 2016

Jared Bernstein,. Work the problem first then pull up your priors

WA Post: Let me telegraph the punchline: While overall growth has slowed in the United States in recent decades, it has also slowed in most other advanced economies. And governments in these economies have very different policy footprints, including taxes, social policy, and where they draw the line between the public and private sectors. This suggests there’s little in the way of correlation between the size of government and growth. So, when you hear the conservative mantras about “job-killing taxes” and “government spending that’s killing growth,” often with President Obama’s name sprinkled in there somewhere, be aware that it’s an ideological, not an empirical, claim.
The US economy  is one of the two largest and is the modern target for exports.  If the American consumer cannot afford the entitlements, then the consumer will slow down spending and the global economy goes into doldrums.   The reason the OECD nations are synchronized is because we killed 30 million of us in WW2

Jared, you are not a good economist, we know because you worked for a childish idiot, Joe Biden.

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