The greatest economic boom in American history was because of democratic socialism

[AZ Progressive]

The government, through the GI bill in 1944, gave free college, vocational school and training to 8 million Americans, as well as low cost mortgages to millions of Americans, it triggered an economic boom unlike any other in American history. Millions of Americans, through direct assistance from the GI bill, were able to go to college or vocational school, and were able to earn enough to buy houses and provide for a family. The American middle class was born. Even those who didn't go to the war benefited from the boom in consumer buying power, which fueled businesses and thus increased the demand for jobs, including high paying manufacturing jobs. A high union presence and high tax rates on the rich (which promoted economic equality) also helped to sustain the economic boom.


- FDR signing the GI bill into law

[H2O Man]

1. Recommended.

Extremely important! Thank you so much for this!

[blm]

2. Good post.

Now THIS posting is the type of support for Sanders and our party's overall mission that is far more effective than the vitriolic bull posts we've seen too much of over the months.

Thank you.

[AZ Progressive]

3. "Under Sanders, income and jobs would soar, economist says"

Thanks to Segami for this article:

From CNN Money:

Under Sanders, income and jobs would soar, economist says

Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8%.

Those are just a few of the things that would happen if Bernie Sanders became president and his ambitious economic program were put into effect, according to an analysis given exclusively to CNNMoney. The first comprehensive look at the impact of all of Sanders' spending and tax proposals on the economy was done by Gerald Friedman, a University of Massachusetts Amherst economics professor.

Friedman found that if Sanders became president -- and was able to push his plan through Congress -- 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.

This more sweeping analysis was not commissioned by the candidate, though Sanders' policy director called it "outstanding work." Friedman previously scored the Vermont senator's Medicare for all plan.

Read more here.

[hedda_foil]

5. Arizona, this needs to be an OP. PLEASE!!!

It's an amazing report that might help Bernie clinch the nomination. And the implications for future tax revenues are just as positive.

[Motown_Johnny]

4. UNICORNS!!!!!

[Ferd Berfel]

6. But but it's too hard....THe right wing

of BOTH parties will cry....

[blm]

7. Give it a rest….the post was too good to use as a springboard to further divide our party.

.

[Ferd Berfel]

8. Our party was divided when it was sold

to the Koch Bros.

I have no sympathy for the clowns that sold us out.

[lovuian]

9. Economics 101

History tells us the Robber Barons caused the Depression of which Democratic Socialism helped bring
a country out of terrible poverty and into a powerful nation