2016 Postmortem
Related: About this forumFailure of Burlington College is a big problem for Bernie and Jane Sanders
Failure of Burlington College is a big problem for Bernie and Jane Sanders
By James Hohmann May 17 THE BIG IDEA: Burlington College is feeling the burn.
Bernie Sanders is huge on college campusesor yuuuuge, as he likes to saybut the small private school in Vermont that his wife, Jane, ran for seven years announced yesterday that it will shutter because of the crushing weight of debt incurred under her leadership.
Burlington College said its financial troubles are connected to Mrs. Sanderss 2010 purchase of 32 acres of lakefront property, part of a botched expansion plan. The college was placed on academic probation in 2014 by its accrediting agency and it faced cash flow problems due to the imminent loss of a line of credit, The Posts Nick Anderson reports. To survive, the school has tried to sell land but it was not enough to remain solvent.
Jane Sanders was president from 2004 until 2011, when she stepped down amid an apparent dispute with the colleges board. She left with a $200,000 severance package.
https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2016/05/17/daily-202-failure-of-burlington-college-is-a-big-problem-for-bernie-and-jane-sanders/573a388c981b92a22d837b46/?tid=hybrid_collaborative_1_na--
The Sanders campaign has ignored repeated requests for comment on Burlington Colleges failure. The uncharacteristic silence is telling.
Barack_America
(28,876 posts)Perhaps a bit more significant?
But, I don't know, this Burlington college bit could really hurt Bernie in the rust belt. And you'd have to imagine VT is in play for Trump now.
Henhouse
(646 posts)Sanders overshoots on NAFTA job losses
By Jon Greenberg on Monday, March 7th, 2016 at 3:02 p.m.
Our ruling
Sanders said that NAFTA, which Clinton used to support, cost the U.S. economy 800,000 jobs. There is a report from a left-leaning policy group that reached that conclusion. On the other hand, many other nonpartisan reports found that the trade deal produced neither significant job losses nor job gains. This is a result of competing economic models and the challenges of teasing out the effects of NAFTA from everything else that has taken place in the economy.
The report Sanders cited is an outlier, and his use of its findings ignores important facts that would give a different impression. We rate his statement Mostly False.
http://www.politifact.com/truth-o-meter/statements/2016/mar/07/bernie-s/sanders-overshoots-nafta-job-losses/
riversedge
(70,299 posts)in the Rustbelt.
Tavarious Jackson
(1,595 posts)bvf
(6,604 posts)Jester Messiah
(4,711 posts)A few more posts in this one's count, but enough to put him around the same registration date as the rest.
riversedge
(70,299 posts)Jester Messiah
(4,711 posts)Bernie Sanders "isn't even a Democrat", but some brockoloid troll who joined a month ago is "a DU member." You guys spin so hard you have your own gravitational field.
SidDithers
(44,228 posts)Sid
Jester Messiah
(4,711 posts)I'm guessing that sleeper account was sold, but admittedly that's just speculation on my part.
beachbum bob
(10,437 posts)burlington in trouble...and that fact she is hiding unwilling to answer any questions. Same with bernie, he won't answer either. Keeping their tax returns hidden most likely are hiding other issues neither of them want to discuss.
for a campaign based on open and transparency and moral high ground seems like the sanders have many things they want to hide
Henhouse
(646 posts)Republicans ignore this story because they want Bernie to stay in the race....So he and his supporters can continue attacking the Democratic nominee....
Barack_America
(28,876 posts)They dug and dug, and only came up with this.
Henhouse
(646 posts)The fact that Mrs. Sanders ran a college into the ground with her poor financial judgment and then - was given a $200,000 Golden Parachute for leaving all this distruction in her path - is pretty damning.
Live and Learn
(12,769 posts)beachbum bob
(10,437 posts)imagine everything else in sanders past of being a ranting wide-eye socialist is brought up....is he going to run and hide from all that too?? Sanders not vetted is one the MAJOR weakness of him, his wife and his campaign.
we are lucky he is not our nominee, it would be disastrous...as we would watch sanders and jane run from answering
no wonder they haven't released their tax records
imagine2015
(2,054 posts)TwilightZone
(25,479 posts)Try to keep up
imagine2015
(2,054 posts)TwilightZone
(25,479 posts)That explains a lot.
The Velveteen Ocelot
(115,836 posts)And lawyers. While in hindsight the deal proved to be a bad one, there's no way Jane Sanders could have singlehandedly negotiated, decided or approved it. Any decision of this magnitude would have had to be reviewed by lawyers and approved by the college's board of trustees - none of whom, any more than Sanders, wanted to harm the college. It was already in bad financial shape and they thought they were helping it. Unfortunately it didn't work out. Maybe like Whitewater, another failed business venture....
kstewart33
(6,551 posts)Have you seen her lately? Jane has been Bernie's chief spokesperson up until a few weeks ago. Now, she's nowhere to be found.
For a one-building college with fewer than 300 students, $200k is one heck of a lot of money.
Jane drove the campaign that led to the college's demise. She was fired by the Board of Trustees.
If she ever appears on cable TV again, she will surely be asked about her tenure as president. About the payoff. And also about accusations that she funneled BC money to her family and friends.
That's why she's disappeared.
The Velveteen Ocelot
(115,836 posts)Is it OK to ask Bill Clinton about Monica Lewinski now?
CrowCityDem
(2,348 posts)Seems to me that they should have at least made some kind of perfunctory statement of denial. It is rather interesting that they've been radio silent.
Sunlei
(22,651 posts)And don't expand or take out bank loans until the donations are collected.
upaloopa
(11,417 posts)the middle class.
In reality he could never make any of his ideas work. I am glad the majority of us could see through his talking points.
Gothmog
(145,554 posts)kstewart33
(6,551 posts)And it's political kryptonite.
imagine2015
(2,054 posts)Jane Sanders getting severance pay. Scandalous, I say, scandalous! I bet she now hangs out with Wall Street tycoons.
workinclasszero
(28,270 posts)Not to mention Bernie and Jane's phantom tax returns.
thesquanderer
(11,991 posts)So thanks for your optimism.
Henhouse
(646 posts)Happy Memorial Day...
Demsrule86
(68,667 posts)Mortgage fraud is a serious issue and he is in the Senate, they have rules.
thesquanderer
(11,991 posts)For Bernie, though, mostly just a matter of PR, which won't matter if he's no longer in the Pres race.
nc4bo
(17,651 posts)cherokeeprogressive
(24,853 posts)msanthrope
(37,549 posts)is speculative BS. If one was filed, then that's trouble.
jeff47
(26,549 posts)And when shown a multitude of other videos that did not have the song, you insisted all of those videos were fake.
So....why exactly should we trust your "insights" here?
azurnoir
(45,850 posts)fact Jane has not been with the collage for 5 years, if the problems could not be addressed in that time perhaps it says something about the collage itself
and oh BTW that severance package or 'golden parachute' as I've seen it called is less than Hillary's Wall Street speaking fees