“The only way that Democrats win elections is when we have a large voter turnout”, Sanders said at a Las Vegas dinner Wednesday, as his raucous supporters blasted air horns and blew into yellow vuvuzelas.
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In a fiery speech Tuesday in New York City-not far from Wall Street-Democratic presidential candidate Bernie Sanders lay out his plan for sweeping financial reform.
The Senator from Vermont is a self-declared Socialist who has also criticized Clinton for being too close to Wall Street while largely campaigning to address income inequality by lessening the gap between the rich and poor and promising to break up the country’s largest banks.
Since Clinton already has problems with trustworthiness and Sanders’ character reputation is more favorable among many Democrats and Independents [per Huffington Post], he could steal thunder from both Hillary and Trump’s campaigns, and that momentum could place him in the White House.
“We can’t take anything for granted”, Clinton said Monday night at Des Moines’ State Historical Museum, a replica of a massive wooly mammoth looming off to the side as she spoke.
BERNIE SANDERS: Well, first of all, we’ll have to lean on China.
Clinton supports providing three months of paid leave but opposes the Senate bill because she has said she won’t raise taxes on families earning $250,000 a year or less.
“With respect to my opponent, who is a friend of mine, I think I have a broader, more comprehensive set of policies about everything, including taking on Wall Street“, Clinton said, adding that she wants to “go after everybody who poses a risk to our financial system” while Sanders doesn’t. “It will be the standard that applies to Wall Street and all Americans”. A fresh opening came with the op-ed penned by Obama in Friday’s New York Times in which he referred to the “virtual immunity from lawsuits” that he said gun manufacturers enjoy.
That means we have got to end, once and for all, the scheme that is nothing more than a free insurance policy for Wall Street, the policy of “too big to fail”.
The Glass-Steagall Act is a Depression-era law, that Sanders has championed along with Democratic Senator Elizabeth Warren of MA, that prohibited commercial banks from engaging in investment banking activities.
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Sanders will also point out that JPMorgan Chase & Co, Bank of America Corp and Wells Fargo & Co are almost 80 percent bigger than when they accepted money from the US government during the 2008 bailout. The new Glass-Steagall Act that Sanders supports, he said, “would strike at the heart of shadow banking” because it would prohibit those firms from getting their financing from commercial banks. He put a twist on a famed line from a 1980s Oliver Stone film, telling those listening on Wall Street that “Greed is not good”. “Why are the Koch Brothers throwing in everything they’ve got to stop me?” On the campaign trail in Iowa Tuesday, Hillary Clinton unveiled her new autism initiative. “But in my view, establishment politicians are the ones who need to cut it out”, Sanders said. “I’d like to say that Donald Trump is the most outrageous candidate to run for president, but then there’s Ted Cruz”, he said, drawing cheers from Clinton and Sanders supporters alike. But while she has tagged Sanders’s ideas as simply too costly or unrealistic in other areas (like health care, college financing, and infrastructure), she is making a more assertive case on financial reform. And even if Clinton might not win over progressives on a core Sanders issue, she’s really just trying to narrow the gap. Did she think Sanders could accomplish everything he promised?
