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DonViejo

(60,536 posts)
Mon Aug 24, 2015, 01:33 PM Aug 2015

Bernie Sanders blasts ‘unfettered free trade’ as stock market reels and investors panic

Only hours after delivering a stem-winder speech in New Hampshire blasting income inequality created by economic policies that help the rich get richer while the poor stay poor, Democratic presidential contender Sen Bernie Sanders (I) ripped into “unfettered free trade” that is devastating workers.

On Twitter this morning, Sanders wrote: “The results are in. Unfettered free trade has been a disaster for working Americans. It is high time we ended our disastrous trade policies.”

Sander’s tweet came as investors panicked in what some are calling “Black Monday,” with the Dow Jones dropping a 1,000 points this morning, the worst meltdown since 2008.

While small investors were in a frenzy- selling off their nest egg before it disappears only to have large institutional investors swoop in and scoop up stocks at bargain prices – Sanders pointed out that the U.S. has never seen so much income inequality, dating back to 1928 – the year before the stock market crash launched the Great Depression, according to the Concord Monitor.

-snip-

http://www.rawstory.com/2015/08/sanders-blasts-unfettered-free-trade-as-stock-market-reels-and-investors-panic/

6 replies = new reply since forum marked as read
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Bernie Sanders blasts ‘unfettered free trade’ as stock market reels and investors panic (Original Post) DonViejo Aug 2015 OP
Bernie blames free trade Trump blames China leftofcool Aug 2015 #1
Wowza....in this cace maybe both of them are correct Armstead Aug 2015 #3
Maybe so! leftofcool Aug 2015 #4
Wowza. you trying to conflate Bernie and Trump. Or not so "Wowza"; cali Aug 2015 #5
Apparently the only jobs that matter in the US are Wall Street jobs. L0oniX Aug 2015 #2
It is ironic that Wall Street seems to be the media's major means Fawke Em Aug 2015 #6
 

Armstead

(47,803 posts)
3. Wowza....in this cace maybe both of them are correct
Mon Aug 24, 2015, 01:42 PM
Aug 2015

We sold our souls to China and we're paying the price

 

cali

(114,904 posts)
5. Wowza. you trying to conflate Bernie and Trump. Or not so "Wowza";
Mon Aug 24, 2015, 01:54 PM
Aug 2015

It's just the sort of thing I expect from you.

And Bernie isn't criticizing all trade by a long shot; he's criticizing the iteration of trade as represented by NAFTA style FTAs, which are heavily weighted toward corporations. They have indeed been more detrimental than beneficial to people, not just here but in countries such as Columbia.



 

L0oniX

(31,493 posts)
2. Apparently the only jobs that matter in the US are Wall Street jobs.
Mon Aug 24, 2015, 01:39 PM
Aug 2015

Everyone else can go pound dirt ...in another country.

Fawke Em

(11,366 posts)
6. It is ironic that Wall Street seems to be the media's major means
Mon Aug 24, 2015, 01:54 PM
Aug 2015

of measuring the economy.

They give a little lip service to job numbers, but only once a month when they come out.

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