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radical noodle

(10,735 posts)
7. Speaking of pesky facts
Thu Mar 10, 2016, 12:22 PM
Mar 2016

Bernie was for the auto bailout before he was against it

http://www.latimes.com/opinion/la-ol-sanders-auto-bailout-20160307-story.html

You could argue that the effort to slash funding for TARP in January 2009 was really just a protest vote against the design of the program, as other Democrats have said. And admittedly, TARP evolved over the months as federal officials moved away from the original idea of buying up bad bank assets and found more efficient, less costly ways to shore up the financial industry and ease the credit crunch.

But again, protest votes are easy. Coming up with workable policy is hard, and Congress didn't have the luxury of time in those days. Perhaps Sanders has forgotten how dire things were after Lehman Bros. failed and AIG, Fannie Mae and Freddie Mac all cratered. The economy was sinking fast, dragged down by a financial sector that had lost its ability to price risk and lend money.

Candidates often get torn apart in campaigns for supporting this or that compromise, as their opponents invariably focus on the less savory elements of the package and ignore the overarching reasons to vote for the thing. Here, Clinton is blasting Sanders for the opposite reason: He opposed a compromise that included something widely viewed by Democrats as a good idea (the auto bailout) because other elements of the package were less savory to his anti-Wall Street worldview.

That was his choice. He can say he was for the auto bailout at one point, but that was before he was against it.

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Oh, those pesky facts! johnp3907 Mar 2016 #1
Pesky pesky pesky! Cha Mar 2016 #3
This needs to be repeated loud and long pandr32 Mar 2016 #2
Except Hillary didn't vote to save the auto industry either. inchhigh Mar 2016 #4
Speaking of pesky facts radical noodle Mar 2016 #7
and Clinton was VERY clear during the debate that she was referring to the Jan. 2009 vote. spooky3 Mar 2016 #15
Did Sanders vote against the release of the funds which was disignated for the Automanufactures? Thinkingabout Mar 2016 #8
Yes, he did. yallerdawg Mar 2016 #10
Wrong, Hillary voted to save the auto industry. Every time. SunSeeker Mar 2016 #14
Ridculous AnotherVoter Mar 2016 #5
Ridculous? Voting not to release the funds which went to the auto manufactures, surely he must have Thinkingabout Mar 2016 #11
Bull. The "Diamond" Sanders wanted failed to get any GOP votes. SunSeeker Mar 2016 #13
You are aware that you are in the Hillary Group? SharonClark Mar 2016 #17
That would have made a bunch of Sanders' supporters happy, well until they got to experience the Hoyt Mar 2016 #6
Quite correct. fleabiscuit Mar 2016 #18
And Sanders could take pride in beating the banks and big corporations. This is screwed up. Hoyt Mar 2016 #19
After helping a depression along... fleabiscuit Mar 2016 #21
I love facts Gothmog Mar 2016 #9
Not only the auto industry but our entire economy would have collapsed. SunSeeker Mar 2016 #12
Agree SharonClark Mar 2016 #16
If TARP, which included the auto bailout, hadn't passed, we would have had a total still_one Mar 2016 #20
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