Bernie Sanders Economic Plans Questioned By Critics With Ties To Wall Street, Hillary Clinton

[BigBearJohn]

Four former chairs of the White House’s Council of Economic Advisers on Wednesday questioned the economic plan proposed by Bernie Sanders, as did a prominent Democratic senator. Two of those economists and the lawmaker have something else in common: They have financial ties to Wall Street. The other two letter writers also have ties to Sanders’ Democratic primary opponent, Hillary Clinton.

Laura Tyson and Austan Goolsbee were two of the signatories on a letter to Sanders criticizing his campaign for touting Professor Gerald Friedman’s analysis of his economic proposals. “We are concerned to see the Sanders campaign citing extreme claims by Gerald Friedman about the effect of Senator Sanders’s economic plan — claims that cannot be supported by the economic evidence,” the letter said.

While respected economists and liberal columnists have condemned Friedman’s paper as far too optimistic, the Financial Times defended it on Thursday, writing that “a prolonged period of rapid growth in the U.S. is plausible, with the right policy mix.”

Goolsbee and Tyson — the latter of whom was a Bill Clinton appointee — both work for a financial industry that has faced withering attacks from Sanders. Tyson has held a lucrative seat on the board of directors at Morgan Stanley since 1997, shortly after she completed her time leading the Council of Economic Advisers. In 2013, Morgan Stanley paid Hillary Clinton $225,000 for a speech. The Wall Street mega-bank has been one of Clinton’s top sources of donations throughout her political career. The same bank employed Clinton’s top deputy at the U.S. State Department, both before and after his trip through Washington’s proverbial “revolving door.”

http://www.ibtimes.com/political-capital/bernie-sanders-economic-plans-questioned-critics-ties-wall-street-hillary-clinton

[tokenlib]

1. Totally coordinated attacks on Bernie....

Honestly, I don't care what Wall Street says through these revolving door economists....the system is rigged and these economists had their hands on the steering controls of the rigged economy and look where we are.....still outsourcing our best jobs, replacing them with service sector crap, unemployed, underemployed....and racing for the bottom even faster with TPP ,etc.

[Hoyt]

2. Plenty of good Democrats are questioning his "plans." In fact, if his plan would work, WStreet

would love it.

[libtodeath]

9. How so?

[Hoyt]

10. Because everyone would have an extra $20,000 in their pockets, federal jobs stimulus, etc., would

boost profits more than taxes. Stock prices would increase and there would be a lot of IPOs. WS benefits from a booming economy, lots of jobs and spending. Looks at the 1990s -- employment and stocks exploded. It cracks me up when I see people implying WS loves to see the world miserable.

Now, at some point, we are going to have to start putting some money aside for people who are truly displaced from an economy that pretty much demands skilled workers, and not much else. But even our ability to do that depends on a good economy.

[libtodeath]

11. Wall street does not react to what is good for the 99%

Notice how the dow falls when oil prices fall and rose when energy prices were high.
They react to corporate profits and nothing else.

[Hoyt]

13. Actually low oil prices are helping sectors dependent on consumer spending.

In any event, WS investments are the core holdings of union retirement plans and anyone with an Ira and similar plan.

The market sunk in the depths of recession.

[libtodeath]

14. Wall street schemes as they pertain to IRAs and 401Ks are little fishes feeding the big fishes

They love the money flowing in but when the time is right they suck that money out of the system,profit on losses (shorting) and the average person never gets ahead.

[mythology]

3. If you can't attack the argument, attack the people making it

None of what is said even remotely refutes the questions raised by people reviewing the Sanders plan.

[Chasstev365]

4. Republican Lite

The Clintons are the ones who shunned the traditional New Deal values of the Democratic, which helped take this country too far right. BERINE 2016!

[Billsmile]

5. Different Article, Same Idea

http://fair.org/home/nyt-rounds-up-left-leaning-economists-for-a-unicorn-hunt/

[mhatrw]

6. Hillashills shill for Hill.

If walks like an establishment crony and it quacks like an establishment crony ...

[jillan]

7. Speaking of Goolsbee - remember this in 2008 when he brought scrutiny to Obama during the GE?

At one point during the primary of Obama's 2008 presidential campaign, Goolsbee was alleged to have told Canadian consular officials in Chicago that Obama's political position on the North American Free Trade Agreement was "more reflective of political maneuvering than policy.

Remember that?

Maybe he should put a sock in it.

[DisgustipatedinCA]

8. Paging Mr. Gomer Pyle. Mr. Pyle to the Meme Stage, please. nt

[Ferd Berfel]

12. I'm Shocked! SHocked!

That the revolving door is trashing Bernie...and loosing their credibility in the process