Rusty, you do a great job of highlighting the contrasts between Obama and Clinton and Republican Presidents, past and potential.
However, let's be honest here. The CFPB and Dodd-Frank are the spinner rims of public policy. They look like they are going somewhere but they aren't. Until we have a firewall between deposits and insurance premiums and the wasteful, speculative side of finance, we will have repeats of 2008-2009, every few years.
I agree with Bernie's end goal, and I do believe there should be a firewall between the banks and the public.
That part was for a couple reasons:
-One to drive home the point that many people were complicit in creating the conditions that cause the financial crisis and subsequent recession. Even Bernie Sanders.
So to imply that a Hillary Clinton presidency will be the catalyst for the next crisis is something I can't agree on. Or even that her taking Wall Street money will prevent her some putting in needed regulations when the time comes. Especially if you tied her to Obama in the very same argument.
Saying Hillary will need to do more is one thing, saying she going to go nothing is another.
---------And lets be honest also, Glass Seagull had been weaken for decades before is was repealed. Like most regulations, the market had found was to beat it, or at very least, marginalize it.
The effectiveness of any policy from Glass Seagull to Dodd Frank hinges on how forcefully it is enforce.
So Bernie presenting Glass Seagull as a panacea for all American's concerns about the banking industry is a bit naive for my liking. Even though my reading his policies there is more to it than just that, he has many of his supporters believing that anything short of Glass Seagull is just appeasing Wall Street
And you and I both know, Wall Street doesn't like Dodd Frank
If Elizabeth Warren was the head of CFPB, was free to roam the jungles of economy, and hunt as she pleased, then we might be having a different discussion about the power of big business
If Barrack Obama got his way entire with ACA, and there was no push back from moderates, Blue Dogs, or republican state governors, if Jonathan Gruber was given free rein, then maybe the "Medicare for all" argument is not being had right now.
Perhaps we have almost gotten to the point that public policies need to overshoot to compensate for the backlash from Wall Street, big business social conservatives, and economic liberals.
Barrack Obama used to make a great point about civil rights laws. He argued that if civil rights lawsuits where much easier to bring about, and the damages more punitive. Then there could be a possibility that things like affirmative action would longer be needed.
And I think that applies to Wall Street regulation. Not matter the policy or program, unless it is shows it has bite, the size of the teeth won't matter.
--------With that said, America needs to elect Bernie Sanders so we can really start biting these clowns on Wall Street
