2016 Postmortem
Related: About this forumKRUGMAN: For what it’s worth, Mrs. Clinton had the better case.
For what its worth, Mrs. Clinton had the better case. Mr. Sanders has been focused on restoring Glass-Steagall, the rule that separated deposit-taking banks from riskier wheeling and dealing. And repealing Glass-Steagall was indeed a mistake. But its not what caused the financial crisis, which arose instead from shadow banks like Lehman Brothers, which dont take deposits but can nonetheless wreak havoc when they fail. Mrs. Clinton has laid out a plan to rein in shadow banks; so far, Mr. Sanders hasnt.
But is Mrs. Clintons promise to take a tough line on the financial industry credible? Or would she, once in the White House, return to the finance-friendly, deregulatory policies of the 1990s?
Well, if Wall Streets attitude and its political giving are any indication, financiers themselves believe that any Democrat, Mrs. Clinton very much included, would be serious about policing their industrys excesses. And thats why theyre doing all they can to elect a Republican.
more:
http://www.nytimes.com/2015/10/16/opinion/democrats-republicans-and-wall-street-tycoons.html?_r=1
randys1
(16,286 posts)Last edited Sun Nov 15, 2015, 07:13 PM - Edit history (2)
Glass Steagall is needed, I get so confused about which banks did what
Reich says it would, i trust him
http://robertreich.org/post/124114229225
MaggieD
(7,393 posts)First, he's not an economist (he's a lawyer). Second, he's all in favor of Bernie's college plan, but he fails to disclose that he gets paid $250k per year to teach one class at a public university (UC Berkely). He's part of the reason college is so expensive. Dude is full of himself.
Cha
(297,705 posts)oasis
(49,410 posts)listening to the experts.
SusanCalvin
(6,592 posts)If Hillary gets the nomination, hope he's right.
DemocratSinceBirth
(99,714 posts)EOM
Hoyt
(54,770 posts)DemocratSinceBirth
(99,714 posts)I wonder what the results would have been if we went with the two trillion dollar stimulus he advocated and not the nearly one trillion dollar stimulus that we did.
mythology
(9,527 posts)Henry Kissenger has a Nobel Peace Prize and Milton Friedman for economics. Krug man is smart, but economics is hard to get right every time.
DCBob
(24,689 posts)Hands down.
Thinkingabout
(30,058 posts)Century, Bush was enough. She has not failed in the positions she has held in the past, I dont see it in the future for her.
ish of the hammer
(444 posts)I present to you Libya and the resulting death, destruction and unending streams of refugees.
Thinkingabout
(30,058 posts)ish of the hammer
(444 posts)then a happy cackle.
Thinkingabout
(30,058 posts)ish of the hammer
(444 posts)Libya was a terrible failure. Thousands of people died and are continuing to die as a result.
RW talking point, indeed!
It used to be that only repubs hated FACTS!
oh wait.... we're talking about the Clintons
Thinkingabout
(30,058 posts)ish of the hammer
(444 posts)Thinkingabout
(30,058 posts)ish of the hammer
(444 posts)It helps to have a business plan.
Thinkingabout
(30,058 posts)Younger generations receiving benefits. Without the last reform there would not be anything after 2012, I am benefiting from that reform. I am not greedy.
ish of the hammer
(444 posts)against their own best interests. Perhaps you can explain?
Thinkingabout
(30,058 posts)There are more Democrats than Republicans, we lose elections because lack of concern or just plain lazy for some.
JaneyVee
(19,877 posts)onecaliberal
(32,902 posts)The same people giving her millions right now. Can anyone on the planet believe they're doing that out of the goodness of their hearts.
artislife
(9,497 posts)Thinkingabout
(30,058 posts)d_legendary1
(2,586 posts)D- to F rating depending on which NRA website you ask. Those comments are a hoot!
Thinkingabout
(30,058 posts)Represent. That $18,000 donation the NRA made to defeat Sanders opponent is still working for the NRA.
d_legendary1
(2,586 posts)It takes on average of $1,689,580 to run for the Senate. I fail to see how .01% of that amount makes Sanders a tool for the NRA.
Thinkingabout
(30,058 posts)I don't understand his allegiance to the NRA either.
d_legendary1
(2,586 posts)And using your higher number it makes your claim about Sanders and the NRA look even more ridiculous.
Thinkingabout
(30,058 posts)When he was elected to congress twenty five years ago.
Motown_Johnny
(22,308 posts)...and they are donating to Hillary now, to help her win the nomination, then isn't it reasonable to conclude that they believe she will lose to an (R) in the GE?
bettyellen
(47,209 posts)Historically, they have given to both Dem and Republican candidates. But more to republicans.
Motown_Johnny
(22,308 posts)Last edited Mon Nov 16, 2015, 07:31 AM - Edit history (1)
Even if they are giving to the R's too, the reason they give to Hillary and not Bernie is because they expect her to lose.
Again, the basic assumption is that they doing everything possible to ellect an R. That would include the donations made to Hillary.
bettyellen
(47,209 posts)Motown_Johnny
(22,308 posts)I am simply able to comprehend the word "everything" in the phrase "doing everything possible to elect a Republican".
Maybe you should look that word up.
bettyellen
(47,209 posts)Motown_Johnny
(22,308 posts)I am commenting on Krugman's premise.
I know they always donate to both sides, that is not the topic of this discussion.
bettyellen
(47,209 posts)the campaigns they pretend to support. Do you think manny of them are actually republicans?
Hiraeth
(4,805 posts)Motown_Johnny
(22,308 posts)Historic NY
(37,453 posts)mcar
(42,376 posts)Vattel
(9,289 posts)Preferring the Republican only requires believing that Wall Street will do better with a Republican than any Democrat. it doesn't require thinking that any Democrat will take a tough line on the financial industry. Krugman is usually smarter than this.
George II
(67,782 posts)....and aware economist in the world today. Brilliant, and an excellent column by him.
ish of the hammer
(444 posts)merrily
(45,251 posts)Agnosticsherbet
(11,619 posts)Becomes bus fodder and Bankster trash when he does not feel the Bern.
Cha
(297,705 posts)stevenleser
(32,886 posts)On either side of the aisle.
Thinkingabout
(30,058 posts)SunSeeker
(51,725 posts)mcar
(42,376 posts)sulphurdunn
(6,891 posts)And it doesn't care which party it elects one from either.
stupidicus
(2,570 posts)which is no doubt why he premised it with "for what it's worth"...
it has no value whatseoever if his assumptions are flawed/faulty, like
1. Bernie's eventual plan isn't as narrow as he claims
2. Similarly, if she sticks to her guns and doesn't pursue a renewal of GS, and overall is less hard on WS than BS as will almost certainly be the case, then the fact that she is better than any repub doesn't make her better than her dem opponents on this issue.
If anything, he appears to making that case himself, but ignoring it.
Roland99
(53,342 posts)It made Citibank a legal entity, ex post facto and removed the last barrier of protection leftover from the Great Depression
And if anyone thinks Hillary will lift one finger against Wall St, they have another thing coming. Look at Obama. He campaigned on more progressive economic stances and had progressive economists around him and as soon as he took office he appointed Geithner and a bunch of Bank of America execs to his top economic spots.
Yeah...that worked well.
Thinkingabout
(30,058 posts)Financial crisis, Sanders voted for this bill.
Roland99
(53,342 posts)Thinkingabout
(30,058 posts)Roland99
(53,342 posts)your point?
Thinkingabout
(30,058 posts)Brady Bill five times, he voted against the ISIS Resolution.
Todays_Illusion
(1,209 posts)revealed a bit of a lean to those libertarian Democratic ideas.