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Bernie 2016
"Two Visions"
+
:30 TV ad announced Jan. 14, 2016.
[Music]
Sanders:
There
are
two
Democratic
visions for regulating Wall Street.
One says its okay to take millions from big banks
and then tell them what to do.
My plan: break up the big banks, close the tax
loopholes, and make them pay their fair share.
Then we can expand health care to all and provide
universal college education.
Will they like me? No.
Will they begin to play by the rules if I'm
president? You better believe it.
I'm Bernie Sanders and I approve this message.
Notes: The Jan. 14 press
release...
Experts Back Sanders’ Wall Street
Reform Plan
New TV Ad Contrasts
‘Democratic Visions’
BURLINGTON, Vt. – Bernie Sanders’ presidential campaign on
Thursday
released a new television ad contrasting his Wall Street reform plan to
those who say “it’s okay to take millions from big banks.”
Also on Thursday, the campaign released a letter signed by
170
economists and financial experts in support of his proposal to remake
the financial system to serve America’s working families.
“There are two Democratic visions for regulating Wall
Street,”
Sanders
says in the 30-second ad that will be broadcast in Iowa and New
Hampshire. “One says it's okay to take millions from big banks and then
tell them what to do. My plan: break up the big banks, close the tax
loopholes, and make them pay their fair share. Then we can expand
health care to all and provide universal college education.”
Sanders presented a sweeping plan
to rein in the greed of the nation’s biggest financial institutions a
week ago during a major speech in New York. He pledged to break up the
biggest banks and fight to establish a 21st Century Glass-Steagall Act
which would restore a Depression-era law signed by President Franklin
D. Roosevelt designed to prevent Wall Street speculators from crashing
the economy. He also said his administration will cap credit card
interest rates and ATM fees, allow post offices to offer basic banking
services and reform the Federal Reserve to focus on its mandate to
promote full employment.
Hillary Clinton, another candidate for the Democratic
presidential
nomination, recently claimed that her proposals were backed by
“everybody.” In a Jan. 5 speech in Sioux City, Iowa, she asserted that
“everybody who’s looked at my proposals says my proposals are tougher,
more effective, more comprehensive.” It wasn’t true then, as The Washington Post reported, and
it’s not true now.
In reality, 170 economists and other experts have laid out
the
reasons
why Sanders’ plan is superior. They explained why in the letter signed
by former Labor Secretary Robert Reich, University of Texas Professor
James K. Galbraith, Dean Baker, co-director of the Center for Economic
and Policy Research in Washington, DC., Brad Miller, former U.S.
Congressman from North Carolina, and William K. Black, University of
Missouri-Kansas City.
“Sanders’ plan for comprehensive financial reform is critical
for
avoiding another ‘too-big-to-fail’ financial crisis,” the letter said.
“The only way to contain Wall Street’s excesses is with reforms
sufficiently bold and public they can’t be watered down. That’s why we
support Senator Sanders’s plans for busting up the biggest banks and
resurrecting a modernized version of Glass-Steagall.”
The letter comes after Hillary Clinton claimed her approach
was more
comprehensive and more effective.
“Secretary Hillary Clinton’s more modest proposals do not go
far
enough,” the economists and financial experts write. “They call for a
bit more oversight and a few new charges on shadow banking activity,
but they leave intact the titanic financial conglomerates that practice
most shadow banking. As a result, her plan does not adequately reduce
the serious risks our financial system poses to the American economy
and to individual Americans. Given the size and political power of Wall
Street, her proposals would only invite more dilution and finagle.”
Click here to watch the ad.
Click here to read the full letter and
see the list of signers.
___________
Hillary for America
responds...
Hillary for America
Officials to
Discuss Sanders Attack Ad
**Media Interested in Participating
Should RSVP for Dial-In Number HERE**
Hillary for America Campaign Manager Robby Mook and Chief Strategist
Joel Benenson will hold a press conference call Thursday at 4:00 PM
EST to discuss Bernie Sanders' new television ad attacking Hillary
Clinton. Despite repeated claims from Sanders and his campaign that
they would not run negative ads, Senator Sanders is now the first
candidate to run a negative TV ad in this campaign. Mook and Benenson
will also take questions from the media.
Background
on Sanders Campaign Promises
Bernie Sanders: "I admire her. I'm not going to get into the business
of attacking her. I have never run a negative political ad in my life."
Bernie Sanders: " We don’t run negative ads."
Sanders Senior Campaign Strategist, Tad Devine: "This campaign is never
going to be about attacking her, and pushing back on her and
diminishing her."
Sanders Senior Campaign Strategist, Tad Devine: "He rejects the status
quo of politics...If we do a classic comparative ad, it's over."