The fact that none of the proposals ever gets implemented is, of course, why the conservative base is so enraged (and flocks to Cruz). In New Hampshire exit polls, half of Republican voters said they felt betrayed by their party. Moreover, the practice of using public policy as red meat has greatly contributed to the coarsening of American politics, creating an atmosphere in which crazy ideas flourish, facts are irrelevant and candidates can make absurd claims that are simply false.
The Democrats since Bill Clinton have, by and large, avoided this path. They have buttressed their policy with real data. The proposals put forward by Bill Clinton, Al Gore, John Kerry and Barack Obama as candidates were based on evidence, and the math mostly added up. Sure, their plans often contained rosy assumptions about growth and inflation, but to a far lesser extent than Republicans’ proposals. After being seen as profligate taxers and spenders in the 1960s and ’70s, the Democratic Party has convinced many centrist voters that it is the responsible party of governance.
Enter Bernie Sanders, who makes the Republicans look like models of sobriety and scholarly exactitude. The proposals listed on his campaign website add up to around $18 trillion to $20 trillion over the next decade, according to the New York Times. Adding a higher estimate on the health plan from Kenneth Thorpe of Emory University brings the total cost to more than $30 trillion.
This week, four respected economists who served Democratic presidents wrote a letter bluntly pointing out that “no credible economic research” supports Sanders’s economic assumptions and predictions. They were referring to the claims by Gerald Friedman, an economist who has tried to make Sanders’s math work. To do so, Friedman assumes that per capita growth would average 4.5 percent (more than double the rate over the past three decades), and that the employment-to-population ratio would suddenly reverse its long decline and reach 65 percent, the highest ever. Even more magically, productivity growth would rise to 3.18 percent. As Kevin Drum has pointed out in Mother Jones, “there has never been a 10-year period since World War II in which productivity grew by 3.18 percent.”
Sanders’s supporters argue that all this criticism misses the point. Sanders is setting forth an “idealistic” vision on purpose — his goal is to shift the spectrum. But that argument is premised on the notion that, in fact, the United States would be better off with $30 trillion of extra spending, absolutely free public colleges (and thus essentially government-controlled), high tariffs and top marginal tax rates of about 85 percent. It wouldn’t. Even unabashedly liberal scholars don’t believe that the economy would function better under these circumstances.
But this is nitpicking. He is painting with a broader brush, being an authentic man who speaks his mind, willing to present bold ideas geared to capture the imagination. Never mind that establishment elites criticize them as unworkable or divisive or radical.
Am I speaking about Bernie Sanders — or Donald Trump?