With felonies flying fast and furious at 1600 Pennsylvania Avenue this week, it may seem a curious time to write about how Democrats running for president are saying kind of crazy things.Because Andrew Yang, Bernie Sanders and Elizabeth Warren are radically misdiagnosing problems in the U.S. economy, they are off — often miles off — in prescriptions for reform.
But here’s the thing — growth has been terrible for the past decade or more. Business investment growth has been spotty, too, as companies pulled back after the dot-com crash, again during the 2008 financial crisis, and more recently in reaction to President Donald Trump’s trade clashes with China and others.
When Uber went public this year, CEO Dara Khosrowshahi dampened speculation about how fast Uber would be able to replace drivers — even though that’s key to an inflection in Uber’s profits. That’s one reason Uber is down 25% since its IPO. Tesla’s few orders for electric semi trucks are for models that use AI-like technologies to assist drivers, not replace them. And the number of truck drivers is steady to growing modestly, Labor Department data say.
The argument that capitalism’s a con leads naturally into the idea that government knows best, and vastly more economic decisions should be left to it. Pragmatism Common-sense solutions — minimalist liberalism, if you need a new term — is practical, sellable to voters and achievable in a mixed economy. Many of Warren’s ideas fit this mold, even as others don’t.
timmullaney Even if they don't say crazy things about the economy Trump will win.
timmullaney These comments clearly prove Republicans have already forgotten that Trump only won by electoral. Land doesn’t vote. People do.
timmullaney ...say the Republican “easy money” queens bullying the Fed to begin QE4 and add hundreds of billions to the balance sheet.
timmullaney Ignorance is bliss.
timmullaney Not one of these losers has a chance and they know it 😆
timmullaney The democrats have no chance, period! They suck!
timmullaney President Trump will win regardless. These people know they don't stand a chance. They are going to be wealthier going through the motions. Book deals, Speeches... It pays running for president
timmullaney Come on, MarketWatch. You're better than this data free rant of an opinion piece. I'll just link a real article here, along with some real research, so next time you know what to look for when hiring writers.
timmullaney Accurate.
timmullaney He will win. One party working now.
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