2016 Postmortem
Related: About this forumOne reason Clinton's Auto Bailout claim is a distortion. Bernie was not being a "purist"
Bernie was trying to separate the Auto Bailout from the Wall St. bailout. Okay it's a fair point to debate whether that was the correct choice.
But the smearing way Clinton oversimplified it and twisted it is shameful.
In fact CLINTON AND THE MAJORITY OF DEMOCRATS stood on rigid principle and ideology -- "purity" -- to defeat the 2008 Auto Bailout.
The GOP was demanding concessions in order to agree to it. They wanted to weaken unions and allow for wage and otehr concessions to the position of labor.
Had the Democrats abandoned their "pure" and "rigid" position on labor and conceded to the GOP, the Auto Bailout may have passed in 2008.
They made the right decision, IMO.
But I only bring this to point out how disingenuous Clinton was when she lectured about how "sometimes bad things are in necessary things" and you have to be "realistic."
In the later version, Bernie was just doing a variation of what most Democrats did in 2008 -- not go along with really bad stuff just to get something.
pat_k
(9,313 posts)beedle
(1,235 posts)hoarded the money anyway till at least 2011, so even had Bernie had wanted to stop the bailout and only allow money to go to the auto industry, history would have proven him correct.
Given the money to the banks was almost useless as they horded the money, refusing to loan it out as was the goal of the bailout and TARP (stop the banks from collapsing and providing money to loan out to stimulate the economy.)
Hillary and her supporters have very selective memory as to what they actually supported ... they didn't consider anything but the politics of the current situation, and now are pretending that the politics of that time ended up to be the correct path .. it wasn't, as the reality of what actually happened (hoarding of the money) clearly shows.
This is why you should trust Bernie far more than Clinton ... he actually considers situations for their outcome for the people, not like Clinton who only considers the politics as relates to her political career.