ROBERT REICH JUST NAILED EVERY CLINTON PARTISAN WHO EVER CALLED BERNIE SANDERS CLUELESS!

ROBERT REICH JUST NAILED EVERY CLINTON PARTISAN WHO EVER CALLED BERNIE SANDERS CLUELESS!

7 BIGGEST ECONOMIC LIES BY ROBERT REICH

Click for Source Article on DailyKos

CLINTON AND HER TALKING HEADS Attack Senator Sanders on specifics of his policies he wants passed = Article from The New York Times is a recent ATTACK = “Break up the big banks.” as Wall Street supplies an excellent cast of villains.

DETAILS OF SANDERS PLAN TO BREAK UP THE BIG BANKS INCLUDING INTRODUCED LEGISLATION TO DO IT = Require the Secretary of the Treasury to break up the nation’s largest institutions (eight are named, but others would be identified by regulators).  = Strengthened bank regulations + Reintroduce NEW Glass-Steagall SEPARATING SPECULATION FROM TRADITIONAL BANKING + Remove special Bank Tax Loopholes + More Resources to Regulate and Prosecute.

Sanders = Backed by Reich’s statements that Sanders knows fully what he’s doing and New York Daily News was empty of honest competent questions or facts.

FACT: Reich states, “it is simply not true.” = ALL DISTORTIONS AND LIES!

Bernie Sanders has spent decades fighting for a financial system that works for ordinary people, and not just for the top 1 percent of income earners. In his view, if banks are “too big to fail,” they have an incentive to make risky investments and are therefore too big to exist. Together with Senator Elizabeth Warren, Bernie supports reinstating the Glass-Steagall Act, which instituted regulations in the aftermath of the Great Depression in an attempt to avoid another economic disaster.

Reinstate Glass-Steagall: Separating commercial banking from investment banking will buffer normal Americans from risky investments.

LIZ WARREN = “After an extensive, multi-year review process, federal regulators concluded that five of the country’s biggest banks are still — literally — too big to fail. They officially determined that five U.S. banks are large enough that any one of them could crash the economy again if they started to fail and were not bailed out….There’s been a lot of revisionist history floating around lately that the Too Big to Fail banks weren’t really responsible for the financial crisis…Wall Street lobbyists have tried to deflect blame for years. But the claim is absolutely untrue.”

Warren = Criticized small set of people that downplay the role of big banks in any future financial crisis and questioned the value of breaking up big banks = Paul Krugman of thew ZIO-MAFIA!

Break up the Big Banks: Banks that are “too big to fail” that make risky investments because they know that the American taxpayer will bail them out — and are therefore too big to exist.

Tax on Wall Street Speculation: Change the tax code to discourage short-term gambling and instead promote long-term investing.

FACT:  Sanders has gotten a lot more things done than Clinton did in her own short legislative career = One of the most effective members of Congress, passing bills, both big and small, that have reshaped American policy on key issues like poverty, the environment and health care. + Sanders is the “Amendment King” to improve toxic laws and help with passed amendments that expand the progressive agenda by reducing poverty and helping the environment and helping veterans and the Following:

Corporate Crime Accountability (February 1995): Sanders required “offenders convicted of fraud…crimes to give notice to victims..eligible to receive restitution.”

Saving Money, for Colleges and Taxpayers (April 1998): Sanders changed the law to allow Funding for Improvement of Postsecondary Education with competitive grants for colleges and universities that cooperated to reduce costs through joint purchases of goods and services.

Expanding Free Health Care (November 2001):  Sanders got  $100 million increase in funding for Community health centers, which provide some free services.

Fighting Corporate Welfare and Protecting Against Nuclear Disasters (June 2005): Sanders successfully prohibited the Export-Import Bank from providing loans for nuclear projects in China.

Protecting Our Troops (October 2007): Sanders won $10 million for operation and maintenance of the Army National Guard, which had been stretched thin and overextended by the war in Iraq.

Affordable Care Act won enough funding for free health treatment for 10 million Americans through Community Health Centers. Gutsy holding out until the funds were put into the bill.

Sanders has in many ways funded health centers. But his biggest achievement came in 2010 through the Affordable Care Act. In a series of high-stakes legislative maneuvers, Sanders struck a deal to include $11 billion for health clinics in the law = Extended the number of people served by clinics from 18 million before the ACA to an expected 28 million next year.

FACT: BERNIE GETS THINGS DONE

Sanders’ impeccable record in Congress that The New York Times initially praised his ability to work with both parties to get amendments added to legislation and passed.  Then under Clinton pressure NYT edited that out and became infamously harsh on Mr. Sanders to favor Clinton. =

Top NYT shareholder is billionaire Carlos Slim, is a major donor to the Clinton Foundation. = Worked magic for Clinto — Iraq War was just fine and dandy because contractors mafe billions off of the deaths of Iraqi civilians + TPP is a good thing for wealthy and powerful interests + $15 an hour is too high + Mage Bernie Sanders seem like a meddling old fool.

FACT: Reich states, it is simply not true.  ALL LIES!

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