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Jnew28

(931 posts)
Mon Mar 21, 2016, 06:10 PM Mar 2016

Bernard “Bernie” Sanders: The Political Foresight Champion

"The democratic socialist, from the great state of Ben and Jerry’s, also predicted the 2008 Financial Crisis in a Congressional hearing on financial bailouts, ten years before the financial collapse. In sum, Bernie Sanders calls out trickle-down economics, wealth inequality, hedging, Federal Reserve bailouts and economic cronyism, and has hinted at these policies culminating in an unsustainable system that would contribute to financial turmoil. Bear in mind, the economy at the tail-end of the previous century was booming, so Bernie’s statement may have fallen upon deaf ears. Nonetheless, Bernie’s refusal to mollycoddle the financial elite was a political standpoint that has become mainstream ever since the financial collapse. And while one can’t tie Hillary to these policies—as she was the first lady at the time—her husband, with the benefit of hindsight, was perhaps a bit too comfortable with the now faded icon, Alan Greenspan, who created an economic paradigm that justified massive wealth accumulation by financial giants, shady derivatives schemes and white collar gambling on Wall Street. The untouchable Greenspan Ayn Randian unfettered capitalism dream that was fated once again to lead to economic Armageddon. Once again, Bernie’s political foresight brings credibility to his consistent moral convictions."

Please read:

http://stupidpartymathvmyth.com/1/post/2015/06/bernard-bernie-sanders-the-political-foresight-champion.html

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