Clinton’s campaign is saying the 9/11 deflection doesn’t matter ‘cause she’s got a “strong record” and the “strongest policies.” She’s the best candidate for “Wall Street reform” because of what she’s done and what she’s calling for now, making her Wall Street donors inconsequential.
But in the Democratically controlled Senate, Clinton introduced 140 bills between 2007 and 2008 (before, during, and after the economic crisis), yet only —
“...Five were related to housing finance or foreclosures… Only one of those five secured any co-sponsors. No Senate committee took action on any of them and they died without any further discussion.”
That runs counter to her “getting things done” claim.
Furthermore —
Clinton in 2007 publicly decried a tax break for hedge-fund and private-equity executives — and continues to do so in her current campaign. But she didn’t sign on as a supporter of a Senate bill that would have curbed the break.
[When] her rival for the [2008] nomination, then-Sen. Barack Obama, became a co-sponsor on July 12… Clinton gave a campaign speech [the next day] criticizing the tax provision. Yet she still didn’t put her name to the legislation, according to records.
Hillary publicly advocates for closing rich people’s tax breaks, but doesn’t back it up in Congress. She follows Obama, she follows Sanders, but only in speeches and campaign trail rhetoric, not in actually supporting legislation to close the loopholes her Wall Street donors enjoy.
Hillary Clinton’s words do not reflect her actions.
Her record is not “strong.” She doesn’t breathe fire for us. She won’t force her donors to stop careening down the dangerous path that economists are worried might crash our economy again, because she didn’t in 2007. Instead, she politely asked them to change voluntarily, and then said, if they still wouldn't, she’d maybe begin to “consider legislation to address the problem.”
Surprise, surprise — they didn’t do what she asked. Despite Hillary shaking a kindly finger at them, Wall Street still plunged this country into the worst economic downturn since the Great Depression.
It’s exactly the vein of policymaking she’s proposing now. Careful, cautious, light regulation — seeing if Wall Street misbehaves yet again before actually putting some bite in our laws.
It works for her, because it doesn’t make Wall Street mad and continues to get her in office. But it doesn’t work for us. We need a little bit more than a “tut tut.” We need a smashing up, a restructuring, an exactly what Bernie Sanders is calling for, of the financial system in this country.
The big banks have got to be broken up, which Bernie wants, and Hillary does not.