Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Message auto-removed (Original Post) Name removed Apr 2016 OP
No. elleng Apr 2016 #1
Message auto-removed Name removed Apr 2016 #2
Yeah, he nails it all right--in the paragraph AFTER the one you snipped--LOL!!! MADem Apr 2016 #3
Message auto-removed Name removed Apr 2016 #4

elleng

(130,732 posts)
1. No.
Wed Apr 6, 2016, 03:01 PM
Apr 2016

'In an exchange with the New York Daily News editorial board a few days ago, Bernie said he didn’t know if the Fed had authority to break up the big banks but the President does have such authority under the Dodd-Frank Act.

This drew an onslaught of criticism from the media: "Bernie Sanders Admits He Isn't Sure How to Break Up Big Banks," read Vanity Fair's headline. "This New York Daily News interview was pretty close to a disaster for Bernie Sanders," said The Washington Post. "How Much Does Bernie Sanders Know About Policy?" asked The Atlantic. The Clinton campaign even said in a fundraising email "on his signature issue of breaking up the banks, he's unable to answer basic questions about how he'd go about doing it, and even seems uncertain whether a president does or doesn't already have that authority under existing law."

The criticism is bonkers. Bernie was absolutely correct when he said the President has the authority to break up the big banks under Dodd-Frank. He's repeatedly specified exactly how he'd use that Dodd-Frank authority to do so. His critics are confusing the Dodd-Frank Act with the Federal Reserve. Whether the Fed has the authority on its own to break up the biggest banks is irrelevant.
Clearly, Bernie has the Democratic establishment worried enough to try to twist his words into pretzels.'

https://www.facebook.com/RBReich/posts/1192384144107513?fref=nf&pnref=story

Response to elleng (Reply #1)

MADem

(135,425 posts)
3. Yeah, he nails it all right--in the paragraph AFTER the one you snipped--LOL!!!
Wed Apr 6, 2016, 03:21 PM
Apr 2016
(To be clear, I have my own view, that Sanders has shown himself to be a lousy manager of his staff on Capitol Hill over the years, which doesn’t bode well for a presidency, and has not shown much interest in organizing, or ability to organize coalitions within the House or the Senate to advance his agenda, outside of his audit-the-Fed legislation, and some improvements to Obamacare. That’s troubling, but it’s different than deciding he’s not serious and doesn’t know what he’s talking about.)


Even damning him with faint praise, I have to disagree with this guy--Sanders does not know what he's talking about. And Clinton gets grilled every bit as much as he does--the difference is, she gives complete, thorough, thoughtful and detailed responses--and people have read them, and know them, and have a sense of where she stands on issues because she is articulate when she responds to queries by the 4th Estate.

Response to MADem (Reply #3)

Latest Discussions»Retired Forums»2016 Postmortem»Message auto-removed