Bernie Sanders Just Won Support from the Most Unlikely Person

[leftcoastmountains]

Bernie Sanders is receiving some unlikely support as of Wednesday.Asher Edelman, the inspiration for Gordon Gekko in Oliver Stone’s “Wall Street,” was asked on CNBC’s “Fast Money” who would be his choice for the next President of the United States. He quickly responded, “Bernie Sanders… No question.”

When pressed for further explanation, he began setting up his answer by saying, “I think it’s quite simple again. If you look at something called ‘velocity of money… That means how much gets spent and turns around…” and then continued:

“When you have the top one percent getting money, they spend five-ten percent of what they earn. When you have the lower end of the economy getting money, they spend a hundred, or a hundred and ten percent of what they earn. As you’ve had a transfer of wealth to the top, and a transfer of income to the top, you have a shrinking consumer base, basically, and you have a shrinking velocity of money.”

He added:

“Bernie is the only person out there who I think is talking at all about both fiscal stimulation and banking rules that will get the banks to begin to generate lending again as opposed to speculation.”

http://usuncut.com/politics/gordon-gekko-sanders/

[BernieforPres2016]

1. I don't understand why so few on the right get this

They still talk about incentives for businesses to invest. Businesses don't invest when there is no consumer demand, when they're already got too much capacity. Until the broad middle class has extra money in their pockets and feels secure about their jobs we will not have a legitimate economic recovery.

[abelenkpe]

2. +1000

[TexasBushwhacker]

4. Especially when they can park it offshore

I'm a bookkeeper. I had a boss who hated paying taxes so much that if the profits put us in a higher tax bracket, he would give bonuses to everybody to bring our taxable income down, even if it meant the money in his pocket was less. That's why cutting corporate income taxes DON'T WORK! The only thing that stimulates production, and thus hiring, is DEMAND.

[Bernin4U]

3. Not rocket science, people.

So nice to see those who get it (and/or have the ballz to admit it).