Tuesday, August 13, 2019

Warren Wants ‘Big, Structural Change' That Goes Beyond Anything Previous Democratic Administrations Have Proposed

Warren is campaigning for president now talking about the need for "Big, structural change." Voters may interpret that as they see fit, but the 2015 direct mail piece is a sign that Warren doesn't merely want to turn back the clock to the pre-Trump era.

What do America's richest people do with their money once accumulated? Michael Bloomberg uses his money to advocate for causes, such as gun control, electing a Democratic Congress, and fighting climate change, that Warren generally supports.

"Middle-class economics really works-look at this!" is the label over a bar graph headlined "U.S. Economic Growth Reaches 11-Year High." Warren seems to want to credit the Obama administration and its policies for economic growth, but also to fault it for failing to stand up for little guys.

The Warren fundraising letter bar graph showing economic growth portrays second quarter and third quarter 2014 economic growth at an annualized rate both exceeding 4 percent.

If Warren is going to use growth numbers that are not inflation-adjusted or seasonally adjusted, she should have said so, because the most commonly used growth numbers do include those adjustments.

Former Vice President Joe Biden has started to challenge Senator Warren and her ideological allies such as Senator Bernie Sanders for running against President Obama.

Here we are, with Obama's vice president, Joseph Biden, the main thing protecting the country from a Democratic Party formally committed to "Big, structural change" of the sort Warren is pushing.

https://reason.com/2019/08/12/warren-wants-big-structural-change-that-goes-beyond-anything-previous-democratic-administrations-have-proposed/

No comments: