It may be too early to tell, but at this stage of the game presidential hopeful Bernie Sanders may give establishment favorite Hillary Clinton a run for her money — or the money of Citigroup, Goldman Sachs, JPMorgan, Merrill Lynch, Credit Suisse Group and others firmly entrenched in Wall Street.
Sanders knows the financial elite are strip mining the country and has geared his campaign to address that issue:
“The answer, I think, is pretty obvious. From Maine to California, the American people understand that establishment politics and establishment economics is not working for the middle class.”
And the American people, he continued, “understand that the greed of Wall Street and the greed of corporate America is destroying this country and people from coast to coast are saying, ‘You can’t keep getting away with that.'”
Bernie, however, is relying on the same old tired socialist message, one destined to make certain real substantial change does not occur if he becomes president, which is unlikely.
Though the issue of economic inequality dominated his message, Sanders also took time to deal with a number of specific issues, including: low wages and the labor rights, student debt and higher education, women’s rights and reproductive freedom; “real” family values that would include paid maternity leave, vacation, and sick time; the ongoing need for a single-payer healthcare system; and the necessary fight against climate change.
Democrats are now focused on income inequality, which is a buzzword used as an excuse to raid the producers who are viewed by the victims of crony capitalism as greedy and predatory.
While Bernie and his followers have a point about the predacious behavior of the financial class on Wall Street, they forget that the large majority of income in a free market is gained through selling or renting resources legally and legitimately owned by people who have nothing to do with Goldman Sachs and the globalist vultures responsible for destroying the economy.
Bernie and the socialists understand how immense political capital is gained by government when it expropriates wealth from the “rich” — not the financial class, they never surrender wealth and continue to masterfully rig the political game to ensure this — and hands it out to the beneficiaries of redistribution. The beneficiaries then make certain the political party doing the redistribution remains in power.
On the million to one chance Bernie is elected, he will certainly not sweep Congress free of the career politicians who enable crony capitalism and do the work of their corporatist partners. Corporate socialism, special tax privileges, favoritism and state intervention in the economy will not simply dry up and blow away.
Like the Occupy movement, the Bernie movement knows the system is dysfunctional and places the blame rightly on Wall Street and the bankers. The movement, however, does not possess an effective solution for turning things around. Unfortunately, the Bernie movement portrays the real producers of wealth — the small to medium business person who may in fact be a millionaire — as the villains.
Sanders knows the Federal Reserve is responsible for creating an economic climate that allows unprecedented looting and a massive transfer of wealth to the financial class through manipulation and financial bubbles.
As Ron Paul noted in 2010, Sanders sold out to the financial class on a measure to audit the Federal Reserve.
“Bernie Sanders has sold out and sided with [Sen.] Chris Dodd to gut Audit the Fed in the Senate. His ‘compromise’ is what the administration and banking interests want,” Paul wrote on Facebook.
Sander does not want to eliminate the Federal Reserve and put an end to a monetary policy tilted toward the elite and the financial class. He merely wants to “open up the Fed,” according to this rundown on the issues. Instead of dismantling the cartel of banksters, Sanders wants to
divide large banks into smaller entities and charge a new fee for high-risk investment practices, including credit default swaps. In addition, he believes the Federal Reserve is an opaque organization which gives too much support to large corporations. His pushed for a 2011 audit of the Fed and he would use the Fed to force banks into loaning more money to small businesses. Finally, he would ban financial industry executives from serving on the 12 regional boards of directors.
In other words, business as usual with small cosmetic modifications which, in the past, the cartel has successfully swept aside.