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Saturday, May 30, 2015

Bernie Sanders Storms CNBC and Slams The Sick Greed Of Wall Street

sanders-cnbcBernie Sanders did something that no other politician does. The Democratic presidential candidate went on CNBC and criticized the sick greed of Wall Street.
In an interview with CNBC’s John Harwood, Sen. Sanders responded to Wall Street’s comparison of regulations to Hitler hunting down the Jews.
Sanders said, “I think it’s sick, and I think these people are so greedy. They’re so out of touch with reality, and they think they own the world, and the idea that me or anybody else are challenging them and saying maybe, just maybe, there’s something wrong with 99% of all new income going to the top 1%. Oh, this is Hitlerism to suggest that? What a disgusting remark. If you’ve seen a massive transfer of wealth from the middle-class to the top one ten of one percent, in our view, you ought to transfer that back. When radical socialist Dwight D. Eisenhower was president, I think the highest marginal tax rate was ninety percent or something like that.”
Harwood asked if Sen. Sanders thought that ninety percent was too high. The Democratic presidential candidate answered, “No. What I think is obscene, and what frightens me is again when you have the top one-tenth of one percent owning as much as the bottom ninety. Does anyone think that this is the kind of economy that this country should have? Do they think it’s moral? We got people working one job, two jobs, three jobs. People scared to death about what happens tomorrow. Half the people in America have less than ten thousand dollars in savings.”
This interview perfectly captured why so many Americans support Bernie Sanders. Sen. Sanders is real. He gives real answers. Bernie Sanders delivered what he viewed as the truth without the burden of calculating to constituencies.
It is unheard of for any political figure to go on CNBC and bluntly criticize the greed of Wall Street. If one spends any time watching the business news networks, criticism of Wall Street beyond stock performance is blasphemy.
Bernie Sanders went into the belly of the beast and spoke the truth about the unchecked greed of Wall Street.
Sen. Sanders isn’t afraid of Wall Street, but Wall Street is terrified of the movement building around Bernie Sanders.

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