Watch: Bernie Sanders Schools Alan Greenspan On How He Created the Bush Recession

[eridani]

http://www.occupydemocrats.com/watch-bernie-sanders-schools-alan-greenspan-on-how-he-created-the-bush-recession/

n this clip, Senator Bernie Sanders calls out Alan Greenspan, the-then Chairman of the Federal Reserve, for ignoring the needs of the American people and serving only the wealthy.

“I’ve long been concerned that you’re way out of touch with the needs of the middle class and working families of our country, that you see your major function in your position as the need to represent the wealthy and large corporations and i must tell you that your testimony today confirms my suspicions…The country clubs and cocktail parties are NOT the real America!”

In a House Committee on Financial Services hearing from 2003, Senator Sanders is unusually prescient in slamming the economic policies that have resulted in some of the worst income inequality in the world. He lays out all the ways in which our nation is failing the middle class- and “this is in an economy that is IMPROVING! I’d hate to see what would happen if our economy was sinking!”

[orpupilofnature57]

1. The Truth, everybody needs to hear .

[Enthusiast]

2. Kicked and recommended a whole bunch!

Thank you, eridani!

[Scuba]

3. K&R

[kenfrequed]

4. Even if you don't support Sanders...

You really, really need to watch this. In many ways Greenspan was responsible for sabotaging any and every (albeit very modest) progressive change during Bill Clinton's administration. As a devotee of Ayn Rand and one of her "collective" he was ideologically opposed to anything that sought to benefit workers or impel the bosses to have to pay people to keep up with inflation.

Basically Greenspan is a revolting jerk.

It was good to see Bernie blast away at him!

[Cheese Sandwich]

5. There's a little bit longer, 5 minute version too here...

Includes Greenspan's answer and Bernie talks some more...

[MisterP]

6. he said derivatives shouldn't be regulated because they were LITERALLY BEYOND MORTAL UNDERSTANDING