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Sat Jan 9, 2016, 02:55 PM

 

Bernie VS. Hillary On The Economy: Only One Candidate Has A Workable Plan

Bernie VS. Hillary On The Economy: Only One Candidate Has A Workable Plan


At The Ring of Fire, we’ve pointed out that the differences between Hillary Clinton and Bernie Sanders on economic policies are a matter of degree, rather than approach. Both Democratic candidates agree that Wall Street is out of control, the financial industry wields far too much power, and that economic inequality in the U.S. is reaching crisis proportions.

Where Sanders and Clinton part ways is on which medicine is necessary – and how strong a dose is required. Generally speaking, Clinton, who has significant ties to Wall Street, favors an incremental approach and “greater monitoring.” Sanders on the other hand is prepared to take the gloves off. In a speech yesterday, Sanders pledged that as President, he would take immediate action to break up banks that are considered too big to fail.

In addition, Sanders is calling for an update of the 1933 Glass-Steagall Act. This legislation which prohibited commercial banks from engaging in investment banking and the underwriting of insurance policies was repealed under Bill Clinton’s Administration in 1999, and as a result, bloated financial institutions nearly brought down the global economy less than a decade later. Addressing the proximate cause of that crisis, Sanders said, “Wall Street cannot continue to be an island unto itself, gambling trillions in risky financial instruments,” which, in a nutshell, is exactly what happened during the months leading up to October of 2008. During his first 100 days in office, Sanders will order the Secretary of the Treasury to compile a list of “commercial banks, shadow banks, and insurance companies whose failure would pose a catastrophic risk to the United States economy without a taxpayer bailout.”

Sanders’ economic plan is far more aggressive than Clintons in a number of other ways. Clinton plans to invest an additional $275 billion in public infrastructure projects over a five-year period. Sanders plans to invest over three times that amount, creating approximately one million new jobs while expediting the transition to a “green” economy. Sanders is also not afraid to impose higher taxes on the wealthy and large corporations. Clinton, largely beholden to corporate donors and the investment class, has been hesitant to burden them with the prospect of higher taxes.


http://trofire.com/2016/01/06/61857/




Not any comparison

Hillary = 4 more years of a wallowing "Trickle Down Economy" teetering on the brink of the next recession and beholden to her Wall St friends and cronies

Bernie = Bold New steps towards a workable economy for the 99%

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Reply Bernie VS. Hillary On The Economy: Only One Candidate Has A Workable Plan (Original post)
FreakinDJ Jan 2016 OP
Proserpina Jan 2016 #1

Response to FreakinDJ (Original post)

Sat Jan 9, 2016, 02:59 PM

1. Bernie: Tried and True Change for People/ Hillary: more 1% pandering and corruption

 

The choice is yours.

Don't believe me, do your own research. You won't find anything on Hillary helping people in the 99%, not even many pretty words.

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