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It’s the [Democrats being better for the] economy, stupid May 7, 2018

Posted by Erin Ptah in Uncategorized.
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Sometimes, though, one party really is doing a better job than the other. To refuse to admit it is to miss the story.” The Democrats are the party of fiscal responsibility. Full stop.

The results of [raising taxes in Minnesota] continue to surprise and delight: unemployment is down to 3.7%, private sector earnings are up 1.5% to $891/week, 47,000 new jobs were added to the economy in the past year, and the state just declared a $1.8B budget surplus, even as Forbes ranked it 9th in its table of best states for business. But this is all the more remarkable when compared the fate of the Republican-run, austerity-fuelled neighboring states […] They are running deficits, the people there are earning less than their Minnesotan cousins, they’re adding fewer (and worse) jobs, and posting less growth.”

If you’re a part-time employee at Walmart, and all of a sudden you can get $15 an hour, work full time, and earn full benefits by working for the federal government — wouldn’t you? And, knowing that, wouldn’t Walmart try to increase wages to keep you?”

Study Confirms What Your Grandmother Already Taught You: an ounce of prevention is worth a pound of cure. “Want a healthier population? Spend less on health care and more on social services.”

Canceling all the government-owned student debt would be good for the economy. I’ve said it before, but this time I’m saying it with all my own debt paid off.

Periodic reminder that SNAP is one of the most effective economic stimuli we have, where every dollar spent gets back $1.79.

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