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Friday, October 16, 2015

Thoughts on the Democratic Debate

It seems as though there's been a few splits on who won the Democratic presidential debate. While many in the mainstream media will proclaim that Hillary Clinton won, a lot of polls and straw polls showed that Bernie Sanders was the winner. For both of them, it was a very good showing, and for the others (Jim Webb, Lincoln Chafee, Martin O'Malley) it was a very poor one.

What holds true is that we need a go big and go bold approach to tackling our country's problems, especially when it seems that the Republicans have no ideas that can feasibly do so. Their policy prescriptions have not changed for 3 decades, and it seems that they're now tripling down on their failed ideas instead of adopting new ones.

I'd have to say that out of all the people who've put forth ideas, the one whose ideas are the most in line with our current state of affairs is actually Bernie. More than anything, what he's calling for is what we need to get our middle class back to its former status, and he's got the track record to show that he's willing to take on the powerful interests who don't want to see that happen. I'm a little concerned about Hillary's willingness to take on Corporate America, as she's become reliant on them for campaign donations. Think about the fact that some campaign contributors are big banks like JPMorganChase and Blackstone. This is not a comforting fact, as it makes it look like she's not going to push for a re-instatement of Glass-Steagall Act (Banking Act of 1933). If she does, however, it won't have the same teeth that it did between 1933 and 1981.

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