Art Laffer: Democrats’ economic policies can’t win in 2020

Art Laffer: Democrats’ economic policies can’t win in 2020


THIS IS OXYCONTIN PLAYING BLAME FOR SPARKING THE OPIOID EPIDEMIC WHICH HAS KILLED OVER 400,000 LIVES. DAVID: BUT A MULTIBILLION-DOLLAR LOSS FOR THE COMPANY. HERE’S A NUMBER. IF YOU THINK 1 BILLION IS A LOT WHAT ABOUT TWO AND HALF TRILLION DOLLARS. THAT’S THE PRICE TAG FOR BERNIE SANDERS HOUSING PLAN FOR TURNING US IS FORMER REAGAN ECONOMIST ART FLAPPER. ART, HE BEGAN TO ADD UP THIS TRILLION DOLLAR AND YOU GET INTO REAL MONEY HERE. I JUST PUT TOGETHER A LIST WHERE WE WILL GET TO 5 TRILLION FOR HOUSING AND 3540 TRILLION FOR SOCIALIZED MEDICINE AND IN 16 TRILLION FOR HIS GREEN PLAN AND THEN THERE’S A STUDENT LOAN FORGIVENESS ET CETERA. YOU ARE TALKING DOUBLING OR AT LEAST DOUBLING OF OUR FEDERAL BUDGET BUT WHAT DOES THAT DO TO THE PRIVATE SECTOR IN THIS COUNTRY HUMAN.>>IT WILL MEAN WE RAISE TAX RATES TO WELL OVER ONE 100% ON EVERYONE WHO WORKS SORRY TIME YOU GO INTO THE OFFICE INSTEAD OF GETTING A CHECK YOU GET A BILL AND THEN WILL BE ABLE TO PAY TWICE THE GDP IN THESE SILLY PEOPLE DON’T REALIZE BY RAISING TAX RATES THEY WILL REDUCE REVENUES, NOT INCREASE REVENUES, CAUSE A DEPRESSION. THEY WILL GET LOW HOUSING PRICES BECAUSE EVERYONE WILL BE ON UNEMPLOYED, NO INCOME AND HOUSING PRICE WILL BE REALLY AFFORDABLE FOR THE ONE GUY WHO WORKS. DAVID: TO TALK ABOUT THESE SILLY PEOPLE. THEY ARE RUNNING FOR THE PRESIDENT OF THE UNITED STATES AND IT’S NOT SIMPLY BERNIE SANDERS THE SOCIALIST BUT LIZ WARREN HAS SIGNED OFF ON ALMOST ALL OF THESE PROGRAMS AND EVEN JOE BIDEN IS FOR KILLING OFF FOSSIL FUELS SO IT’S NOT JUST ANYBODY. THESE PEOPLE HAVE A SHOT AT THE PRESIDENCY OF THE UNITED STATES. WHAT HAPPENS IF THEY WENT?>>I DON’T THINK THAT’S TRUE. HAROLD RAN SEVEN TIMES, GEORGE MCGOVERN AND RAY – WELL, JOHN GEORGE MCGOVERN WAS AND – [INAUDIBLE CONVERSATIONS] HE GOT ONE STATE, MASSACHUSETTS. THAT’S WHAT WILL HAPPEN HERE. [INAUDIBLE CONVERSATIONS] HE MAY HAVE GOTTEN PUERTO RICO, TOO. I DIDN’T LOOK AT THAT OR THE VIRGIN ISLANDS OR GUAM BUT HE DID NOT – HE ONLY GOT ONE STATE, MASSACHUSETTS BECAUSE OF THE SILLINESS. BERNIE SANDERS IS RUNNING AND IS THE NOMINEE I THINK TRUMP WILL WIN 54 STATES OUT OF 50. DAVID: AGAIN, IT’S NOT JUST BERNIE SANDERS BUT IF IN FACT LIZ WARREN WITH ALL HER PROGRAMS ARE SAYING THIS COULD HAPPEN TO THIS COUNTRY ARE YOU SAYING THERE’S A 0% OF THE DEMOCRAT NOMINEE WILL BECOME THE PRESIDENT?>>ZERO IS PROBABLY A LITTLE HIGH. NO, I’M KIDDING. I’M NOT SAYING THAT YOUR PLAN BUT TRUMP WOULD DO SOMETHING HORRIBLE TO LET THE WIND WITH THESE TYPES OF POLICIES. UNLESS YOU DON’T BELIEVE IN ECONOMICS AND IF YOU THINK IT SOMETHING ELSE THAN MAYBE THEY CAN WIN BUT IT’S NOT AND IS JOHN JAMES CARLSON WITH CLINTON IF THE ECONOMY WHATEVER, STUPID. DAVID: SO QUICKLY, WHY THEN IF THERE’S A 0% POSSIBILITY OF A DEMOCRATIC WENT WITH A NEW POLL SO THAT SMALL BUSINESS OWNERS SAY THEY PREFER DEMOCRAT OVER PRESIDENT TRUMP?>>I READ THAT ARTICLE, TOO. THEIR POLL WAS OF THREE BUSINESSES BUT NO, 700 BUSINESSES IN 50 STATES AND THE OTHER POLE LARGER POLL SHOWED JUST THE OPPOSITE. THESE POLLS ARE SILLY. THEY EXTRAPOLATE TO GET NEW STORY RUNNING ON THIS AND SMALL BUSINESSES THINK TRUMP WILL DO VERY WELL AND ESPECIALLY WHEN IT COMES TO FOR THEM TO VOTE. YOU CAN DO ALL THE POLLS AND HYPOTHETICALS YOU WANT AND THERE’S ONE FOLDER MATTERS AND THAT IS ON THE SECOND TUESDAY OR FIRST TUESDAY AFTER THE SECOND MONDAY OF NOVEMBER. WHEN THAT HAPPENED THAT IS THE POLL THAT MATTERS RIGHT NOW I

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