Bernie: ‘Greed Is Not Good’

Here we are with less than three weeks until Americans begin casting their first votes in Iowa and New Hampshire, and the Bernie Sanders and Hillary Clinton campaigns are tied, polling within the margin of error.

Months ago, the consensus of the pundits was that Bernie had entered the presidential race with the hope of nudging Hillary’s campaign platform just a little bit left. That happened, of course – she has switched positions on marriage equality, gun safety, undocumented immigrants, so-called “free trade” treaties, and the Keystone XL pipeline. What few saw at the outset was that significant numbers of Democratic primary voters were not enthusiastic about another Clinton administration, whatever the promises.

Bernie has relentlessly stayed on message, and his message is that income and wealth inequality are destroying our democracy. We have to rein in the “billionaire class,” he says.

“Greed is not good,” Sanders said, countering the famed Wall Street movie character Gordon Gekko played by Michael Douglas in the 1987 film Wall Street. “In fact, the greed of Wall Street and corporate America is destroying the very fabric of our nation.”

A centerpiece of his plan is a pledge to break up the biggest banks and financial institutions, whose size and complexity threaten the financial system as a whole and the U.S. economy.

Sanders says that if he were elected president one of his first acts would be to tell the Treasury Department to establish a “too-big-to-fail” list of commercial banks plus shadow financial institutions and insurance companies whose failure would pose a “catastrophic risk” to the U.S. economy and move to downsize them to make them safer.

Bernie wants to restore Glass-Steagall protections against risky “shadow” banking activities that were put in place in 1933 to prevent another Great Depression. In 1999 President Bill Clinton signed the Gramm–Leach–Bliley Act into law, permitting the partial repeal of Glass–Steagall – which led to the formation of the housing bubble over the next decade until it burst in 2008 at the end of George W. Bush’s presidency. The result was the worst economic crisis since the Great Depression.

Glass-Steagall “worked for more than five decades until Wall Street watered it down under President Reagan and killed it under President Clinton,” said Sanders pointedly in his speech.

There is a clear difference between the two candidates on Wall Street regulation: Clinton won’t support the restoration of the Glass-Steagall Act. Bernie also wants to bring back a financial transaction tax like the one that was in effect from 1914 to 1966. A small tax could actually raise big money and discourage the sort of large-volume program trading that causes a “flash crash” in the stock markets.

Some media talking heads are still not willing to entertain the idea of Bernie Sanders as the Dem nominee. This morning on MSNBC, Joe Scarborough was speculating about a “Plan B” featuring Biden or Kerry if Hillary doesn’t win Iowa and New Hampshire. Mika Brzezinski quite reasonably asked, why not Bernie?

Also, too:

A recent poll surprised a lot of insiders by suggesting that Bernie Sanders would do better against Donald Trump than Hillary Clinton would –beating Trump by 13 points.

This was confirmed by an NBC-Wall Street Journal poll.

But this should be no surprise at all. With a lot of angry voters in a populist mood, they would likely opt for the real economic populist rather than the fake one.

Sanders Opens 14-Point Lead Over Clinton In New Hampshire Poll

More info:

Bernie Sanders’s Plan to Tame Wall Street Riles Clinton Camp

  1. #1 by Larry Bergan on January 11, 2016 - 3:16 pm

    Somebody should be giving out free tickets to “The Big Short” in Iowa this month, and handing out Sander’s Brochures at the door.

    Nobody ever listens to me!

  2. #2 by Larry Bergan on January 11, 2016 - 3:44 pm

    I don’t know how Bernie Sanders is ever going to get elected by making perfect sense. He’s got to change his strategy!

    Bernie Sanders: "Don't Tell Me We Cant"

    Bernie Sanders speaking at a UAW Hall in Marshalltown, Iowa. I have attended dozens of Bernie's events but to me this was the best close he has made.

    Posted by Reader Supported News on Thursday, October 8, 2015

    He’s absolutely right. The Koch brothers and the others need a psychiatrist. There is no reason for that much greed and societal destruction.

  3. #4 by Richard Warnick on January 12, 2016 - 10:19 am

    Biden Says Hillary Clinton Is ‘New’ To The Fight Against Income Inequality

    Biden told CNN that Sanders “has credibility” on income inequality in the United States because he’s talked extensively on the topic.

    “It’s relatively new for Hillary to talk about that,” Biden said. “Hillary’s focus has been other things up to now, and that’s been Bernie’s—no one questions Bernie’s authenticity on those issues.”

  4. #5 by Larry Bergan on January 12, 2016 - 11:15 am

    So Biden wants us to stick with Hillary because she’s going to eventually study up on income equality and be as great an advocate as Sanders. Sorry Joe, you were out just a couple of weeks ago saying what a great guy Dick Cheney is. I think I’ll pass.

    Plus NPR is still trying to minimize Sanders, even though it should be impossible at this point. They cut one of Diane Rehm’s hours in the morning to put on a new show called “Here and Now”. I’m not very impressed with it, especially after this morning.

    “Here and Now” did a story about Bernie’s new polling. The segment opens with the announcer saying Sander’s is “nipping at Hillary’s heels”. They also said he had been getting much larger crowds then Hillary, which is the understatement of the decade. I don’t know what polls they were looking at, but having WAY bigger crowds AND getting higher polling numbers doesn’t mean somebody is nipping at anybody’s heels, unless up has actually become down now. I’m not saying it hasn’t.

    I’ve always heard that they only call land lines to do polling, which most likely means this could be a total blowout in Sanders’s favor, since younger people like Sanders and almost every one of them has a cell phone.

    If I were Hillary, I would call out the cheat squad, immediately. It might take more then a complaint media; public and otherwise to pull this off.

    • #6 by Larry Bergan on January 12, 2016 - 6:34 pm

      I might have to apologize to “Here and Now”. I must have heard the “nipping at Hillary’s heels” comment somewhere else, but I still think the report was struggling to give Sanders the story he deserves. Plus, every time he seems to go ahead, why is the first question: “but, could this be another Howard Dean moment”? To which I would answer, “it already is”. The networks have been trying to kill his campaign from the start.

  5. #7 by Larry Bergan on January 12, 2016 - 11:35 am

    Orrin Hatch is losing even more of his mind, or just telling one of his usual Quadruple Whopper with three cheeses lies, on the Doug Wright show.

    Hatch said the we’d better elect a Republican to be president, because there are going to be four, maybe three, replacements on the supreme court, and if we have a Democrat in the white house, they’re going to be legislating from the bench!

    So, pay attention folks. You know you don’t want ISIS to have a majority on the supreme court!

    The Doug Wright show is literally, the only place Orrin will appear. Smart move.

  6. #8 by Richard Warnick on January 12, 2016 - 2:48 pm

    Sanders campaign endorsed by

    MoveOn says the Vermont senator was supported by 78.6 percent of its membership in an online vote of more than 340,000 members. Hillary Clinton received 14.6 percent and Martin O’Malley received 0.9 percent with the remaining members urging no endorsement.

  7. #9 by Richard Warnick on January 13, 2016 - 9:11 am

  8. #10 by Larry Bergan on January 13, 2016 - 10:30 am

    One thing is sure. If you start talking about actual government run healthcare as opposed to the one Republican’s SAY is government run, (Obamacare), the Republican think tank legion is going to be saying that SWAT teams are going to be operating on your liver and the Koch’s are going to be producing hideous videos showing that.

    I trust that Bernie Sanders isn’t going to throw Americans to the dogs, when it comes to healthcare.

  9. #11 by Larry Bergan on January 13, 2016 - 7:51 pm

    Bernie Sanders is getting a little cocky, but he’s right, as/per usual:

    The New Yorker’s John Cassidy writes:

    In Iowa on Monday, Senator Bernie Sanders said that his rival Hillary Clinton’s campaign was in serious trouble, and claimed that this explained why she was attacking him on such issues as gun control and health care. “I think a candidate who was originally thought to be the anointed candidate, to be the inevitable candidate, is now locked in a very difficult race,” Sanders told reporters. “Obviously, what people in that scenario do is start attacking. . . . That is not surprising when you have a Clinton campaign that is now in trouble and now understands that they can lose.”

    Go Bernie!

  10. #12 by Glenden Brown on January 15, 2016 - 9:48 am

    My initial take was that Sanders was in the race to make a statement, but I’m starting to wonder if he’s much more shrewd than that. Hillary would be a fine president – her basic political instincts are intensely centrist and risk averse but she’s smart and capable. Few mainstream Dems would run against her. Any opposition was going to be token opposition. But Sanders jumped in and turned it into a real race. His path to the nomination is every bit as reasonable was Barack Obama’s in 2008 – also someone who ended up being far more shrewd than anyone initially expected.

    • #13 by Richard Warnick on January 15, 2016 - 12:41 pm

      I think Bernie figured he had nothing to lose and everything to gain by making a run for President. At the very worst, he could have nudged Hillary’s campaign a little to the left. But the possibility of a progressive revolution was very real. It almost happened for Howard Dean in 2004, and it did happen for Barack Obama in 2008 (though he turned out to be a disappointment). The media were slow to pick up on this. How ironic that Dean is backing Hillary– he may regret it.

    • #14 by Larry Bergan on January 15, 2016 - 6:23 pm

      I like everything Sanders has been standing for, and I’ve been hearing him on the Thom Hartmann show, for about a decade now, but the most impressive thing about this campaign is where his money is coming from. If I didn’t know anything else about the man, he’s created a true grass roots movement and that is exactly what the country needs.

      I think the media elites were terrified of Howard Dean, especially after he said he was going to reform them, so this time they’ve decided to just ignore Sanders to the death. It can’t happen soon enough for me. Cable and the rest of the media is struggling because people don’t like being lied to, or hidden from things they need to know.

  11. #15 by Larry Bergan on January 16, 2016 - 8:21 am


  12. #16 by Larry Bergan on January 18, 2016 - 1:14 pm

    This “Time” internet poll, taken after the Democratic debate last night, looks a heck of a lot like the recent DFA and MoveOn polls.

    Hmm… Did the freepers get depressed and go home?

  13. #17 by Larry Bergan on January 18, 2016 - 1:35 pm


  14. #18 by Richard Warnick on January 19, 2016 - 12:23 pm

    Sanders Gains On Clinton In New National Poll

    The Monmouth poll showed that nationwide support for Sanders has surged to 37 percent, up from 26 percent in December. Support for Clinton, however, has declined to 52 percent from 59 percent in December.

  15. #19 by Richard Warnick on January 19, 2016 - 4:37 pm

    Bernie Sanders’ Camp: We Aren’t Gonna Stumble Like Howard Dean

    “It’s just so different now than it was in 2004.”

  16. #20 by Richard Warnick on January 19, 2016 - 4:44 pm

    Hillary Blames Bernie for an Old Clintonite Hustle, and That’s a Rotten Shame

    Hillary knows that the disastrous legislation, the Commodity Futures Modernization Act (CFMA), had nothing to do with Sanders and everything to do with then-President Bill Clinton, who devoted his presidency to sucking up to Wall Street. Clinton signed this bill into law as a lame-duck president, ensuring his wife would have massive Wall Street contributions for her Senate run.

  17. #21 by Richard Warnick on January 21, 2016 - 10:48 am

    Sanders Releases Ad Set To Simon And Garfunkel’s ‘America’ (VIDEO)

    This has got to be the nicest political ad ever.

    • #22 by Larry Bergan on January 21, 2016 - 11:43 am

      Beautiful ad.

      If anybody else used it, Simon and Garfunkle would be upset, like Neil Young was at Donald Trump.

  18. #23 by Larry Bergan on January 21, 2016 - 11:47 am

    Over 140,000 votes on the “Time” Democratic debate poll above. Still 86% for Sanders. I find it disturbing that every single race we have in America today is neck n’ neck, just before election day. Doesn’t seem normal.

  19. #24 by Larry Bergan on January 22, 2016 - 10:38 am

    This is it. The democratic party showdown: “we the people” or “we the corporations”.

    In the war for endorsements in the Democratic presidential primary, there is a clear trend.

    Every major union or progressive organization that let its members have a vote endorsed Bernie Sanders.

    Meanwhile, all of Hillary Clinton’s major group endorsements come from organizations where the leaders decide. And several of those endorsements were accompanied by criticisms from members about the lack of a democratic process.

    It’s perhaps the clearest example yet of Clinton’s powerful appeal to the Democratic Party’s elite, even as support for Sanders explodes among the rank and file.

  20. #25 by Richard Warnick on January 24, 2016 - 4:01 pm

    Quick reference: Bernie versus Hillary (h/t One Pissed Off Liberal on DKos)

    Bernie vs. Hillary

    • #26 by Larry Bergan on January 24, 2016 - 6:03 pm

      Oh shoot! I told a woman who was interested about my Bernie Sanders button at Costco, that I thought Sanders might be worth 2 million.

      I went to a Sanders house party last night and met some great folks. There were about 12 people there. Three were former republicans, including one who worked to get Goldwater elected and another who was a local republican organizer. The youngest, in attendance was 26 years old and the oldest were one 77 year old and a 78 year old, (not related). One lady writes for Daily KOS.

      After Sanders’s address, we all stayed and introduced ourselves to the group. Smart people, all.

      • #27 by Richard Warnick on January 25, 2016 - 9:26 am

        Elections rarely go the way that regular “smart people” want them to. Let’s hope 2016 is different.

  21. #29 by Larry Bergan on January 25, 2016 - 5:11 pm

    I was left aghast when I saw Hillary attacking Bernie Sanders for being a flip-flopper on CNN recently. That’s just plain calling the most consistent politician in Washington what he’s NOT.

    Then I realized that she is using a tactic that Karl Rove espouses, which is to attack your opponents strengths. The best example is when a Karl Rove operation attacked Democrat senator Max Cleland of being unpatriotic. That would be the same Max Cleland who lost THREE limbs in Vietnam.

    That’s really disgusting Mrs. Clinton. Please tell me you were kidding.

    Here’s a video of Sanders on C-Span from 1988. Just watch some of it, and tell me I’m wrong about Sanders. Hillary has flip-flopped on almost every issue. 🙁

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