2016 Postmortem
Related: About this forumBernie 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.
Sanders 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.
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http://www.rawstory.com/2015/08/sanders-blasts-unfettered-free-trade-as-stock-market-reels-and-investors-panic/
leftofcool
(19,460 posts)Wowza! I don't know who to choose here.
Armstead
(47,803 posts)We sold our souls to China and we're paying the price
leftofcool
(19,460 posts)cali
(114,904 posts)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)Everyone else can go pound dirt ...in another country.
Fawke Em
(11,366 posts)of measuring the economy.
They give a little lip service to job numbers, but only once a month when they come out.