Monday, March 21, 2016

BANKS SHOULDN’T CREATE HUGE RICHES FOR A SELECT FEW

“Lately [2016], Hillary [Clinton] has sounded less like a Clinton Democrat
and mor
e like a Sanders Democrat. Since the campaign began, she has modernized
her positions on trade, the economy, and criminal-justice reform. (She came
out in support of same-sex marriage only in 2013.) A few days before the
primary in Michigan, where her husband's free-trade agenda is highly unpopular,
Clinton
gave a major economic speech, in which she asked, How do we raise incomes and
cr
eate the good jobs of the future?’ She then said, ‘I don't think we can answer
that question by refighting battles from twenty years ago.She blamed some
p
roblems in the economy on Wall Street and some of our corporations,’ and
noted that
the purpose of banks is not to create huge riches for a select few
at the
expense of everyone else.’"



Ryan Lizza, “The Great Divide, Clinton, Sanders and the Future
of the Democratic Party,” New Yorker, March 21, 2016, pp: 38-44 (39).