On May 6, Bernie Sanders introduced a bill in Congress to break up the nation’s biggest banks. On May 19, in Cedar Falls, IA, Hillary Clinton said she wants one thing to be crystal clear: she is not afraid to stand up to Wall Street. Sanders makes his case that if they are too big to fail and they do, they will bring the American economy down with it and we’ve already bailed these monsters out once. Here’s a quote from Huff Post:
“There are 45 million people living in poverty and we have the highest rate of childhood poverty of any major country on earth. Half of the American people have less than $10,000 in savings and have no idea how they will retire with dignity. Real unemployment is not 5.5 percent – it’s close to 11 percent.”
Hillary said on CNN, “It’s not the big banks that need relief from Washington — it’s small banks and small businesses. We should be doing more to rein in risky behavior on Wall Street and ‘Too Big to Fail.'” But Alternet recently reported, “Bill Clinton did not become president without sharing the friendships, associations, and ideologies of the elite banking sect, nor will Hillary Clinton.”
Either Bernie Sanders is bringing Hillary Clinton more to the left or Clinton is simply appeasing potential Progressive voters to win the primary. However, in the case of Bernie sanders’ candidacy we know where he will stand when elected. He has maintained this same position for all of his congressional tenure.