ThisWeek Martha Raddatz shamefully scares Americans about Bernie Sanders rattling Wall Street

[egbertowillies]

Martha Raddatz attempted to use a Bernie Sanders comment to shamefully scare Americans with a rather sophisticated overt & subliminal message. She implied Bernie Sanders did not care about Americans’ 401Ks and pensions because he said it is a good thing that those on Wall Street are taking him seriously now and are nervous.

Bernie Sanders as usual remained on message. But his message was tailored for Martha Raddatz's rather silly statement. The market is currently being rattled yet again by the titans of finance. While they are touted as the know alls of the economy they have shown a complete lack of control of economies and economics. Moreover, there actions are directly responsible for the continual financial catastrophes that the masses ultimately pay the price for. Bernie Sanders in his answer reminded Raddatz and Americans of that reality.

Americans must not fall for these types of shenanigans. No politician is causing the current market instability. The economic system is on the brink because income and wealth disparity created by capitalism as an ideology instead of as a tool is unsustainable. It will continue to fall apart until major structural economic changes are made.

Here is the interchange.

Martha Raddatz: Senator Sanders, you said something to your supporters yesterday that caught my ear, you quoted with pride a Wall Street Journal article calling you a viable candidate, saying it appears that we are making Wall Street a little bit nervous and that's a good thing. The article was quoting Blackstone CEO Steve Schwarzman who said the markets are unsettled because of you, a slowdown in China and geopolitical risks. You're laughing, but I want to know why is it a good thing that the markets are in turmoil? People have their pension funds in the market? Lots of middle class people have their 401(k)s invested in stocks. It's not just Wall Street. Everybody is affected by this.

Bernie Sanders: The reason that I am laughing is I fully admit to having a big ego, like many other politicians. But the idea that Bernie Sanders' candidacy, because it has growing support all over this country, is unsettling world markets is absolutely absurd. The point I was making is we are getting the attention of Wall Street. Wall Street's greed and recklessness and illegal behavior drove this economy into the worst recession since the Great Depression. Millions of people lost their homes, their life savings and their jobs. And yes I believe that we have to break up the major financial institutions. We have to reestablish Glass-Steagall. And that we are now gaining the attention of Wall Street tells me that our campaign is doing very well.

Watch the video here.

[MeNMyVolt]

1. Go get em Martha!

[farleftlib]

2. This crap again?

People should never have been forced to put their retirement savings into the stock market, it's criminal IMO. Now this crap. Luckily Bernie cleans their clocks every time in regards to this scaremongering.

[kennetha]

6. Well should have, shouldn't have....

start from where we are. How do you correct the sins and errors of wall street, while protecting American retirement security, which, as of this moment, is tightly bound to the fortunes of Wall Street?

[farleftlib]

7. You can't, afaik

It was always meant to be a redistribution of wealth and it was meant to fail. Blaming it on Bernie is just a ridiculous ploy to cover up the crime.

[kennetha]

8. not blaming anything on Bernie

I'm wondering how Bernie can thread the needle -- correct the ills of Wall Street -- which are real, but protect the retirement security of the vast number of people with no pensions, but 401k's.

The answer had better not be that that can be done. It has to be done.

[farleftlib]

9. Like I said. I don't know how

I trust Bernie on this issue more than I trust HRC or any replublican.

[kennetha]

10. Your trust is fine ss far as it goes.

But it doesn't go very far. Don't count on many other people sharing your trust. If Bernie can't talk about guaranteeing retirement security, for people whose retirement funds are mostly tied up in 401K's, and if he just comes across as the enemy of Wall Street, he will be toast in the long run.

[farleftlib]

11. I don't really care how far it goes

This is not a mess of his making and your putting the onus on him to rescue the stock market is ridiculous. He definitely has plans already to rein in the speculators who've been allowed to pick middle America's pockets.
Toast indeed. Peddle it elsewhere.

[kennetha]

13. You're not serious, are you?

Of course, the onus will be seen as on him, if he is the nominee. He's running to be president of the US, not just a preachy gadfly, whose words have no real world consequences.

If he is the nominee, fears about the stock market will be used as a major wedge against him. It won't be enough to rail against the billionaire class. He will have to address these kinds of worries head on.

Simple statement of fact.

[farleftlib]

18. I said I didn't care how far my trust in SBS goes convincing others,

and Sanders has plans to re-instate Glass-Steagall, among other things. What I said was you're playing the same game that the msm is playing blaming Bernie for the problems that he had no hand in creating, and piling on the ridiculous claim he had something to do with the tanking stock market. You're deliberately twisting everything I've said. But carry on, it's all good.

[Armstead]

16. The economy and markets worked fine before deregulation and monopoliztion

Wringing out the excessive greed, structural imbalances and otehr excesses and distortions will ultimately be better for most people with investments.

The fact that the Masters of the Universe are trying to scare people into opposing reforms is an illustration of why reform is needed.

(And yes the economy is different than the 50s and 60s. But it is possible to modernize without making that a buzzword of "let them get away with everything.)

[kennetha]

17. Don't disagree with you

My point is this something Bernie has to address, and address forcefully, if he is not to be framed by those who oppose him as a threat not just to "the billionaire class" but to the millions upon millions whose retirement security is bound up in 401k's heavily invested in the stock market.

[Armstead]

22. Don't disagree with you either

I wish he would make that clearer. But I guess he has more faith in the ability to discern the difference.

[cherokeeprogressive]

3. Bernie Man is the new Boogeyman.

[kennetha]

4. Well, there is a point that Sanders might eventually need to address

The stock market isn't just the playground of the rich. With ordinary pensions becoming increasingly a thing of the past, and with millions upon millions of middle class people having their retirement funds tied up in 401K, he's got to thread a finer needle. Go after the wall street manipulators and speculators, but not make the accumulated wealth of the middle class that is tied up with the stock market disappear. I'm not saying that it can't be done. But he's gotta paint with finer brush strokes at some point.

[Live and Learn]

21. Exactly why it needs to stop. The market system is rigged and stealing people's pensions.

Bernie knows it and most of us know it.

People's retirements shouldn't be tied to pyramid schemes the rich use as a play ground.

[mmonk]

5. I'd much rather have Bernie and EW in charge of Wall Street

than Rubin or Greenspan. I got clobbered because of the latter.

[brentspeak]

12. Raddatz actually thinks the viewing public is stupid enough to believe

that Bernie was laughing because markets are rattled rather than because Steven Schwarzman said that Bernie himself was a cause for the rattled markets.

Media stooge of the worst kind.

[Wilms]

14. She's a multi-millionaire.

[Hoppy]

15. Are the falling stock prices the fault of Bernie or reactions to oil and China problems?

I blame it on Bernie. That's why I am considering voting for Hillary. She will tell China to "Cut it out!" and the market will bounce back.

[kenn3d]

19. Or you could look at it another way...

There are many variables (real and imaginary) which affect and deflect the markets. Bernie may indeed now be one of them, but there's not one person living or dead who can accurately predict the combined effects of all the factors at play.
Most financial pundits feel the US Stock market is over-valued (bubbly) and in imminent danger of sustained declines. Most stock-based retirement funds are also still valued substantially higher now since recovery from the 2008 debacle.

If Bernie "scares" the markets into less risky behavior now, it may lessen the chances of catastrophic losses like were suffered in the "Great '08 Recession". Even if this also results in some declines in your 401k, it could be a lot better than another major greed-induced financial crash.

[sorechasm]

20. I agree kenn3d. It would be unwise for some on Wall Street to label Bernie the perfect stooge.

They may think they can scapegoat Bernie for inevitable market declines for the bubbles they created, but I doubt its going to work out for them. If previous accusations are any indication, these will probably roll-off Bernie like another cheap shot.

However, there are investors (some on Wall Street) who are going to bet on Bernie winning the election and project more stabilized, and less volatile markets. These will likely turn the greater profits. There are 170 top economists trusting Bernie for a good reason.

[elias49]

23. Raddatz was horrible this morning.

Shameful.