Senator Sanders’s policies concerning at least two major
issues are wrong and Secretary Clinton is right.
Guns: Senator Sanders voted against the ability to sue gun
manufacturers and said the consumer's ability to sue would effectively put the
gun manufacturers out of business. Funny, filing a lawsuit for damages against a
product a company makes and puts into the stream of commerce to sell does not
put other corporations, for example, tobacco companies, out of business. The tobacco industry has been drowning in
lawsuits for a very long time paying out significant damages even in present
time and still manages to reap immense profits.
The ability to sue is important in a free society and is
especially so for gun manufacturers because the product they sell carries
the ability to kill with it. Suing a company for
monetary compensation when an injury occurs to those who use that product and
for whom the product was designed should be universally accepted. The gun manufacturers should not be allowed
to avoid litigation against them nor enjoy exception from it so that their product’s
safety can be assured for those who use it.
The Bank bailouts: Senator Sanders voted against the bank bailouts
but I think Secretary Clinton voting for it was prescient. In my opinion, the big banks had to be bailed out. If the big banks failed it would have had a
cascading domino effect creating an economic tsunami both here and around the
globe. A catastrophic Everest-size
economic volcanic eruption was at risk and Secretary Clinton knew it. She was 100% right to vote for the bailout.
What, however, SHOULD have occurred and Secretary Clinton, I
believe, agrees, is that those at the top of the corporate banking structure
needed to be held criminally accountable for those fraudulent acts that
cost the middle class so much and gave our nation and the world the Great Recession. They
should have been and should now be criminally prosecuted and, if found guilty,
ultimately jailed. They should NOT have
been allowed to accept bonuses and pay raises for their clearly egregious, fraudulent and illegal acts.
The bailouts saved this nation a much worse economic fate
had the bailouts never occurred. In my
opinion, the biggest banks are, indeed, too big to fail because not saving
them would have perpetrated devastating harm upon this nation stretching
across the globe accompanied by even more significant jobs losses here and
beyond that could have brought this nation and the world to its knees.
However, criminal prosecution and jail if
convicted for
those who perpetrated the immense fraud should have occurred sending a
clear message to the powerful hierarchy of Wall Street that they face
prosecution and jail time if they do not play by the rules. I suspect Hillary Clinton agrees.
In the end the banks and the Detroit automobile industry
were saved by bailouts. Moreover, the
nation was paid back its loans and everyone lived happily ever after -- well not exactly -- BUT
the Great Recession surely could have and most probably would have been
significantly worse. I think Secretary
Clinton would agree to that as well!
No comments:
Post a Comment