Mind and Destiny

“I make no pretension to patriotism. So long as my voice can be heard ... I will hold up America to the lightning scorn of moral indignation. In doing this, I shall feel myself discharging the duty of a true patriot; for he is a lover of his country who rebukes and does not excuse its sins. It is righteousness that exalteth a nation while sin is a reproach to any people.”- Frederick Douglass

Location: Delhi, N.Y., United States

The author and his webmaster, summer of 1965.

Saturday, April 23, 2016

No Example

The following are excerpts from Democratic presidential debate between Clinton and Sanders on April 14, 2016.

Senator Sanders said: “Let's talk about super PACs and 501(c)(4)s, money which is completely undisclosed.  Where does the money come from?”

Secretary Clinton responded: “I'll tell you why.  President Obama had a super PAC when he ran.  President Obama took tens of millions of dollars from contributors.  And President Obama was not at all influenced when he made the decision to pass and sign Dodd-Frank, the toughest regulations...  They should have to pay up through compensation or bonuses because we have to go after not just the big giant institution, we have got to go after the people who are making the decisions in the institutions.”

CNN moderator Dana Bash asked: “Senator Sanders, you have consistently criticized Secretary Clinton for accepting money from Wall Street.  Can you name one decision that she made as senator that shows that she favored banks because of the money she received?”

Bernie Sanders responded: “The obvious decision is when the greed and recklessness and illegal behavior of wall street brought this country into the worst economic downturn since the Great Recession of the '30s, when millions of people lost their jobs, and their homes, and their life savings, the obvious response to that is that you've got a bunch of fraudulent operators and that they have got to be broken up.  I introduced legislation to do that.  

“Now, Secretary Clinton was busy giving speeches to Goldman Sachs for $225,000 a speech.  So the proper response in my view is we should break them up.”

Hillary Clinton noted: “Well, you can tell, Dana, he cannot come up with any example, because there is no example.  It may be inconvenient, but it's always important to get the facts straight.  I stood up against the behaviors of the banks when I was a senator.  I called them out on their mortgage behavior.  I also was very willing to speak out against some of the special privileges they had under the tax code.  President Obama led the effort to pass the Dodd-Frank bill.

“Now, if you're going to look at the problems that actually caused the Great Recession, you've got to look at the whole picture.  It was a giant insurance company, AIG.  It was an investment bank, Lehman Brothers.  It was mortgage companies like Countrywide.”


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