2016 Postmortem
In reply to the discussion: Bernie Sanders is not afraid to talk about SINGLE PAYER HEALTHCARE [View all]libdem4life
(13,877 posts)market which is massive and now global, but they are heavily invested in holdings in real estate, including much of the national debt. Bernie knows that a number of these Too-big-to-fail are insurance companies, perhaps even more powerful than financial institutions. Obama knew that he/we couldn't bail out the financial companies and the insurance companies. IMO.
We're talking possible austerity here. Millions would be unemployed because it's a heavily bloated industry and produces nothing...just paper pushers with rich CEOs, in essence. Easy to say, not so easy to go through. It will take someone like Bernie to guide us through the difficulties.
Europe is starting their own departure from the "easy money/debt splurge" as in Yanis/Tsipris in Greece. Spain and Italy are watching because they, too, have been decimated by the Global lenders, Germany and the US and want out...which will affect our financial behemoths.
Single payer sounds great, and we should have it, but Bernie's bringing it up will have to be accompanied by the realities. It's a House of Cards and that would surely pull one out from the bottom. I still say Go for It, Bernie.