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ghostsinthemachine

(3,569 posts)
Thu Jul 30, 2015, 07:56 PM Jul 2015

Hillary Clinton vs Bernie Sanders, a fight for the soul of the Democratic Party

There is an epic battle being fought in the Democratic Party. While it is getting coverage, the context of the coverage is all wrong. The battle is not about who best serves Democrats. It is about the soul of the Democratic Party. It is about what it will mean to be a Democrat going forward. First a bit of background.

Democrats sold out their values over the last 30 years. Ronald Reagan successfully gave the country a semblance of supply side economics success.Reagan used Keynesian economics with a supply side facade. He slashed taxes mostly for the wealthy and supplemented the shortfall with deficit spending. When the economy recovered taxes were never raised to the appropriate levels and the country was served with deficits ad infinitum. The double injection of money into the economy from deficit spending and tax cuts gave America the semblance of prosperity.

George H.W. Bush and Bill Clinton continued Reagan’s supply side economics with a bit more common sense as taxes were raised and the top line budget was brought into balance. Clinton believed in triangulating to win and triangulating to govern. In the process he gave a huge gift to Wall Street. He allowed the repeal of Glass Steagall which along with George W. Bush’s fiscal ineptitude virtually destroyed the world’s economy in 2008.

The election of President Obama decidedly provided a progressive path with not enough progressivism for most. But it was in effect a progressive turn. If one listened to Obama, in 2008 he always spoke about turning the juggernaut slowly or nudging the juggernaut. .

MORE: http://egbertowillies.com/2015/07/30/hillary-clinton-vs-bernie-sanders-a-fight-for-the-soul-of-the-democratic-party/?utm_campaign=coschedule&utm_source=facebook_page&utm_medium=EgbertoWillies.com&utm_content=Hillary%20Clinton%20vs%20Bernie%20Sanders,%20a%20fight%20for%20the%20soul%20of%20the%20Democratic%20Party

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Hillary Clinton vs Bernie Sanders, a fight for the soul of the Democratic Party (Original Post) ghostsinthemachine Jul 2015 OP
Watch out you don't mistakenly post in Bernie's room LuvLoogie Jul 2015 #1
Actually the OP is doing quite well in Bernie's room Autumn Jul 2015 #2
I agree with Autumn. Puglover Jul 2015 #3
K & R L0oniX Jul 2015 #4
My impression is artislife Jul 2015 #5

LuvLoogie

(6,997 posts)
1. Watch out you don't mistakenly post in Bernie's room
Thu Jul 30, 2015, 08:04 PM
Jul 2015

Heads up to the fallen souls, lest Old Nick be alerted to your sins.

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