BRAT IS A VERY DUMB ECONOMIST: 4 Economic Facts HE COMPLETELY MISSED

BRAT IS A VERY DUMB ECONOMIST: 4 Economic Facts HE COMPLETELY MISSED:

Chuck Todd asked David Brat (Ayn Rand acolyte) his viewpoint on the MIN WAGE:

BRAT: “I don’t have a well-crafted response on that one.”

BRAT: “All I know is…over 200 years of the wage rate, it cannot differ from…productivity“

BRAT = SAYS RISE in USA’s productivity rate MUST = Wage RATE GROWTH!

FACT: BRAT = KNOWS NOTHING about RISE in USA’s productivity rate 67% SINCE REAGAN

FACT: BRAT = KNOWS NOTHING ABOUT WAGE HISTORY IN USA = NEAR ZERO WAGE GROWTH IN USA SINCE REAGAN!

Laura-BRAT

BRAT = IGNORAMOUS

FACTS COMBINED: BRAT KNOWS NOTHING ABOUT USA PRODUCTIVITY! HIGHEST IN WORLD! PRODUCTIVITY CLIMBED 65% SINCE REAGAN = WHILE WAGES HAVE BEEN NEAR 0% (FLAT) FOR 30+ YEARS SINCE THE REAGAN TRICKLE DOWN LIE + JOB CREATOR LIE + SUPPLY SIDE LIE + LAFFER CURVE LIE!

FACT: REAGAN KILLED UNIONS AND BEGAN SHIPPING JOBS ADN FACTORIES OVERSEAS! PRIVATE SECTOR UNIONS WERE DRIVEN TO NEAR ZERO!

FREE-MARKETS + FREE-TRADE = MULTINATIONALS EXPLOITS NEAR $1 ASIAN SLAVE LABOR TO WIPE OUT USA JOBS AND UNIONS!

FACT: Productivity has increased but all the economic gains have gone to 425 EXPLOITING MULTINATIONAL BILLIONAIRES! = University of California economists Emmanuel Saez and Gabriel Zucman

FACT: Wages now = Lowest share of US’s economy since DATA COLLECTED (1940s)

FACT: MULTINATIONAL + CORPORATE PROFITS = Highest % US Economy (1940)

Facts kept secret by MULTINATIONAL CORPORATE MEDIA! BUT WIDELY KNOWN NOW BUT BRAT IS IGNORANT OF THESE FACTS = BLIND GOP ANY RAND BSer! = VIOLATES his ODD views of heaven and earth!

BENEFIT OF BRAT WINNING: Students at Randolph-Macon will not be forced to listen to an utter ignoramus.

http://prospect.org/article/four-fundamental-econ-facts-missed-economist-cantor-slayer-david-brat

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