2016 Postmortem
In reply to the discussion: Bill Press: Sanders didnt damage Clintons public image [View all]JHan
(10,173 posts)I am pissed off at what happened to my party this year and how myth has trumped reason and logic:
We had an aggressive platform to deal with Wall St-- This got zero coverage - instead the party, the ENTIRE party, was stained with the corruption allegation.
Wall St types are still crying about the over-reach of government. I do not share Sanders' obsession with the virtues of public regulatory bodies ALONE imposing culture change in Wall St - this often leads , ironically, to regulatory capture - something Sanders seems incapable of recognizing in his zealotry.
Hillary was the only candidate to give me details on how to combat Wall St - sensible details. Instead of demonizing and railing about the "billionaire class" she identified specific problems/solutions ( and the little list below is far from comprehensive)
-obsession with quarterly profit
-the need to implement profit sharing mechanisms
-risk fees to curb excessive behavior
-recognizing that consolidation renders big corporations "too big to fail"
-"high frequency trading" - for the first time our platform proposed a "financial transactions tax" to punish high frequency trading
- closing of tax loopholes
---------------- What would have made this better for me, personally, is dropping the corporate tax to around the level Obama wanted it - 28%, ideally 22%. Lobbyists would then have less justification to lobby Washington for a tax ease, through loopholes, and we'll see less creative tax avoidance techniques employed by corporations. Corporate taxation is ridiculously complicated, unnecessarily so.
So the corruption allegation was unnecessary, and he turned up the heat on it when he faced defeat. Time everyone admitted to this.