Quote:
Originally posted by Melquiades
Sanders ideas are well established and supported by a lot of economists. What you guys need to understand is thar economy is not a solid science, theres a lot of "truths" that can function.
The Sanders plan actually has more support from economists than the Clinton plan.
https://www.washingtonpost.com/news/...l-street-plan/
He doesnt want to "topple" any bank. He wants to establish safeguards in case any bank gets too big, or concentrate such wealth that they become a threat to the economy if they come to fail. Banks can have a monopoly in capital transaction, and as such should be broken given the case of one of them growing way tóo big. |
That is not a definitive source for claiming it has more support - it shows support from a relatively small sample of economists in general and cannot provide a conclusion as to which would be more supported on a broad level.
And how big is too big? Why does he already want to break apart larger banks when that would do absolutely nothing productive yet?
It's been demonstrated that breaking some of the largest banks into as many as 32 same-sized institutions would leave every single one of those 32 still highly economically significant. They would still be systemically dangerous. It is literally an impossible, unhelpful task and he's all for it. It might help in other areas, but not how Bernie thinks it would or wants it to.
Not to mention reinstating Glass-Steagall, which while not a bad idea in itself would do exactly zero of the things that Bernie hopes or thinks it would do.
Quote:
Originally posted by Adonis
Yeah I was going to say Bernie is right about Economics. He's the most right of any politician. Bill Clinton was the architect for the 2008 crisis. Bill was warned about getting rid of GLB Act and did it anyway right at the end of his term in office. This set the stage for what happened in 2008. Even Obama could've had better economic numbers if he had listened to economists rather than bankers as it relates to the economy. Banks are there to generate profits for themselves and no one else.
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He is definitely NOT the "most right of any politician."
On the other issues: first of all, there's a wide range of opinions on the 2008 crisis and the many factors which contributed - more importantly, listening to bankers and listening to economists can often be listening to the same exact person. Either way, that has exactly zero to do with Bernie's failure to understand what his economic proposals would actually accomplish compared to what he wants them to do.
