17 Nobel Prize-winning economists back Biden's $3.5 trillion Build Back Better plan

[Uncle Joe]

Seventeen recipients of the Nobel Prize in economics signed a letter in support of President Joe Biden’s $3.5 trillion Build Back Better package on Monday. They refuted arguments made by Republicans and moderate Democrats that the massive "human infrastructure" bill—which would provide funding to expand education, health care, child care, and climate efforts—is far too expensive.

The economists also came out in support of a proposed $2.9 trillion increase in taxes to pay for the program. The new rates, which would mostly impact the wealthiest Americans and large, multinational corporations, would represent the largest tax increase in decades.

“While we all have different views on the particulars of various economic policies, we believe that key components of this broader agenda are critical—including tax reforms that make our tax system more equitable and that enable our system to raise the additional funds required to facilitate necessary public investments and achieve our collective goals,” the economists wrote. “Because this agenda invests in long-term economic capacity and will enhance the ability of more Americans to participate productively in the economy, it will ease longer-term inflationary pressures.”

The signees, who are all currently employed as professors at the nation’s top universities, include Treasury Secretary Janet Yellen’s husband George Akerlof, Sir Angus Deaton, Peter Diamond, Robert Engle, Oliver Hart, Daniel Kahneman, Eric S. Maskin, Daniel McFadden, Paul Milgrom, Roger Myerson, Edmund S. Phelps, Paul Romer, William Sharpe, Robert Shiller, Christopher Sims, Robert Solow, and Joseph Stiglitz.

https://fortune.com/2021/09/21/nobel-prize-winning-economists-back-joe-biden-build-back-better-plan/

I'm curious about something, has anyone seen CNN, MSNBC, ABC, CBS, NBC or FOX cover this development?

Whenever our nation goes to war, the corporate media always trot out the generals and colonels, if our nation is experiencing a health crisis then doctors and nurses are put out front and center for the American People to hear their viewpoints in the experts' primary occupations.

On the other hand while we're currently deliberating the largest domestic spending bill in at least half a century that could/would dramatically alter our nation's economics, the most celebrated professionals in that field are all but hidden from public view during this national debate by the corporate media.

Why is that?

Shouldn't this be a major consideration on what's too much public investing or too little?

[malaise]

1. Get thee to the greatest page

for visibility

[Thomas Hurt]

2. ah come on, why listen to these guys when a knee jerk, extremist, political position will do...

[gab13by13]

3. Yeah but did they check with John Podesta?

Truthfully, 3.5 trillion is low ball since the returns will be enormous.

[bullwinkle428]

12. And the corporate news never makes the point that spending is spread

over the course of 10 years.

[bluewater]

4. K&R

[IronLionZion]

5. But how many armchair economists want tax cuts instead?

[Johnny2X2X]

6. I'm guessing $2.4T will be the final bill

Seems they're making a lot of progress right now, but that moderates will shave $1T off the bill.

[NewJeffCT]

7. sure, but Cokehead Kudlow

from the Trump White House says the infrastructure bill is bad, so that makes it a 50-50 decision according to most of the media.

[gab13by13]

8. The infrastructure bill already passed the Senate.

[nowforever]

9. But

Yeah, but more importantly what does the Orange Turd in Florida think about this...the press will need to know and report. For all we know these 17 individuals are phony communist leftist scum that hate the Orange one...just saying

[WinstonSmith4740]

10. Yeah, yeah, yeah.

What do these highly educated, dedicated, prize-winning people know? My cousin's friend's dog-groomer's uncle's mail carrier's exterminator's facebook friend watched a youtube video that said the way to stimulate the economy is to light your hair on fire and run around in circles. Think about it dude!! Everyone will have to buy lighters and running shoes! It'll work!

[joetheman]

11. It doesn't matter to the GOP or Dems who just want to "own the libs." nt

[Dustlawyer]

13. Our media is corrupted by their big advertisers who are also big donors.

That is why we don’t see it.

[Uncle Joe]

15. That's pretty much what I was thinking Dustlawyer.

I was just hoping there was some other rational, logical explanation that I was missing as to why the corporate media was actively working against the American Peoples' best interests by keeping them in the dark in regards to economics.

[Grokenstein]

14. "Yeah but they're all socialismists!"

"I wanna know what Lauren Boebert says about it!"

[BeckyDem]

16. NYT helped Bush launch his insane war, they're not looking to help Biden

on policy that invites the rich to pick up the tab.

[emmaverybo]

17. ++++++++++++++++++++++

[Uncle Joe]

18. Even now when I google 17 Nobel economists, I only get this one source.

I would think that should get more attention from the...cough cough "fourth estate."

Personally I believe this kind of decades old self serving bullshit is what helped give rise to Trump's bullshit.