Hillary Clinton
Related: About this forumClinton is right on auto bailout. If everyone had voted like Sanders, auto industry would have colla
Jill ?@NooneOfan now11 seconds ago
Jill Retweeted Steven Rattner
Thank you for the truth, Steve. You have always been honest and factual. #Bernie supporters can't handle the truth!
Steven Rattner
?@SteveRattner
Clinton is right on auto bailout. If everyone had voted like Sanders, auto industry would have collapsed killing millions of jobs #DemDebate
Poll, March 9 Clinton has a wide lead among Dem Party voters in Florida: Clinton 64% vs 26 for BS
http://www.univision.com/noticias/destino-2016/clinton-has-a-wide-lead-among-democratic-party-voters-in-florida
johnp3907
(3,732 posts)Cha
(297,323 posts)pesky
pandr32
(11,588 posts)The fact that Bernie was all over the media claiming Hillary's auto-bailout attack was not true, in the nick of time in front of the Michigan primary vote, seemed to have worked with those who have gobbled the media's narrative of Hillary Clinton as untrustworthy.
Well, it was true, and we have to debunk Sanders insistence that she deliberately "mischaracterized" his vote.
inchhigh
(384 posts)The bill that finally passed had no provision for bailing out the Automakers. Obama diverted some of the Bank bailout money after the fact. If no one had voted as Bernie did, Obama probably wouldn't have been able to do that.
If you were there at the time and paying attention, Bernie is correct. He voted to save the Auto Industry. Hillary didn't. She voted to save the Banks.
Oh those pesky facts.
radical noodle
(8,003 posts)Bernie was for the auto bailout before he was against it
http://www.latimes.com/opinion/la-ol-sanders-auto-bailout-20160307-story.html
You could argue that the effort to slash funding for TARP in January 2009 was really just a protest vote against the design of the program, as other Democrats have said. And admittedly, TARP evolved over the months as federal officials moved away from the original idea of buying up bad bank assets and found more efficient, less costly ways to shore up the financial industry and ease the credit crunch.
But again, protest votes are easy. Coming up with workable policy is hard, and Congress didn't have the luxury of time in those days. Perhaps Sanders has forgotten how dire things were after Lehman Bros. failed and AIG, Fannie Mae and Freddie Mac all cratered. The economy was sinking fast, dragged down by a financial sector that had lost its ability to price risk and lend money.
Candidates often get torn apart in campaigns for supporting this or that compromise, as their opponents invariably focus on the less savory elements of the package and ignore the overarching reasons to vote for the thing. Here, Clinton is blasting Sanders for the opposite reason: He opposed a compromise that included something widely viewed by Democrats as a good idea (the auto bailout) because other elements of the package were less savory to his anti-Wall Street worldview.
That was his choice. He can say he was for the auto bailout at one point, but that was before he was against it.
spooky3
(34,460 posts)Thinkingabout
(30,058 posts)yallerdawg
(16,104 posts)"Nonetheless, I have strong reservations about continuing this bailout without strong taxpayer protections written into law. I also object to using middle-class taxpayer money to bail out the exact same financial institutions whose greed and recklessness led to the greatest financial crisis since the Great Depression.
"Furthermore, we need a major investigation into how this financial crisis occurred and who exactly was responsible."
http://www.sanders.senate.gov/newsroom/press-releases/sanders-opposes-bailout
https://www.govtrack.us/congress/votes/111-2009/s5
SunSeeker
(51,574 posts)She voted for both the "auto bailout only" bill that failed and TARP, into which that auto bailout money was slipped after the auto bailout only bill died.
What the campaign failed to mention was that Sanders voted the following month with Republicans in a failed effort to cancel the second half of TARP's funding, which would have stopped the Obama administration from using $350 billion in bailout dollars. That sum had $4 billion earmarked for the auto bailout, but arguably included most of the $80 billion that ultimately was lent to the industry.
http://www.latimes.com/opinion/la-ol-sanders-auto-bailout-20160307-story.html
AnotherVoter
(29 posts)You are aware that Congress has the power to pass other bills other than bank bailouts, right?
Let's say you put a pile of poo in a bag labeled "poo" and someone whispers that maybe there is going to be a diamond in there too. It doesn't say it on the bag, but they swear there is going to be a diamond in that poo. If the poo bag didn't pass but everyone wanted to save the auto industry, they could have passed another bill that was labeled a diamond. And they probably would have.
Let's not make-up just-so history...
Thinkingabout
(30,058 posts)heard how important it was to keep the auto industry going, they paid back their money with interest and then employees was back to work paying taxes, it was a win win. Hurting middle class Americans.
SunSeeker
(51,574 posts)The auto bailout only bill that Sanders voted for got no GOP votes and died. So the auto bailout money got slipped into the TARP bill, for which there were just enough GOP votes for passage. And time was of the essense. We were hemorrhaging 700,000 jobs a month. Our economy was collapsing. We had no time to wait for the perfect bill--and no expectation that that GOP would vote for a perfect bill. The GOP had already voted down the perfect bill.
There is no "probably would have." It is you who is making up history.
Legislative compromise in a democracy is all about taking diamonds with the poo. It's called governing.
SharonClark
(10,014 posts)You can take your poo to the another forum or group that would enjoy it more
Hoyt
(54,770 posts)resultant economy.
fleabiscuit
(4,542 posts)If the bill would have been killed by Sanders and the rest of the voting Republicans this country would have entered into a truly tragic depression.
Hoyt
(54,770 posts)fleabiscuit
(4,542 posts)I doubt he would have made it past his next election, even in VT.
Gothmog
(145,321 posts)SunSeeker
(51,574 posts)We would have entered another Great Depression. We were losing over 700,00 jobs per months. After TARP was passed, that immediately turned around, creating what Rachel Maddow calls Obama's "bikini graph":
SharonClark
(10,014 posts)still_one
(92,219 posts)economic collapse. Something needed to be done quickly.