Bernie Sanders

Bernie Sanders in 2016It seems Hillary’s presumptive red carpet stroll to the Democratic coronation nomination was a tad premature.

This despite the fact that Barney Frank suggests we support Hillary merely on William Kirstol’s say-so. 1

Not gonna happen: most people, besides Frank and Kristol, don’t think that Hillary can beat the Republican nominee, whereas they believe Bernie Sanders can.

Hell, Bill Curry over at Salon figures Bernie to win the nomination.

The polls are not with Hillary. And if the polls continue this way, it won’t make any difference how much cash Hillary has, how deftly she parry and ripostes on Emailgate, Benghazi, Whitewater, the travel office, the Buddhist monks and White House blow-jobs.

What’s worse is Hillary is creating new baggage: take Glass-Steagall.

Hillary Clinton won’t propose reinstating a bank break-up law known as the Glass-Steagall Act – at least according to Alan Blinder, an economist who has been advising Clinton’s campaign. “You’re not going to see Glass-Steagall,” Blinder said after her economic speech Monday in which she failed to mention it. Blinder said he had spoken to Clinton directly about Glass-Steagall.

This is a big mistake.

It’s a mistake politically because people who believe Hillary Clinton is still too close to Wall Street will not be reassured by her position on Glass-Steagall. Many will recall that her husband led the way to repealing Glass Steagall in 1999 at the request of the big Wall Street banks.

It’s a big mistake economically because the repeal of Glass-Steagall led directly to the 2008 Wall Street crash, and without it we’re in danger of another one.

If Hillary is to have any chance she needs to publicly ally herself with H.R. 381. 2 This would have the advantage of providing some protection when the topic of who originally dismantled Glass-Steagall comes up, as we’re sure it will. 3

Bernie Sanders

Show 3 footnotes

  1. This might mean more if Frank were not comfortably curled up in the vest pocket of the Big Banking. Oh, and if Kristol were not such a flaming asshole.
  2. If he’s smart, Sanders will do so first. It’s odd that he isn’t one of the original co-sponsors.
  3. Hint: Bill.

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