Capitalism–Donald Trump Style

trump-crony-capitalism

The New York Times has an article on how Donald Trump has benefited from subsidies and tax breaks, often obtained through political connections. The article begins:

The way Donald J. Trump tells it, his first solo project as a real estate developer, the conversion of a faded railroad hotel on 42nd Street into the sleek, 30-story Grand Hyatt, was a triumph from the very beginning.

The hotel, Mr. Trump bragged in “Trump: The Art of the Deal,” his 1987 best seller, “was a hit from the first day. Gross operating profits now exceed $30 million a year.”

But that book, and numerous interviews over the years, make little mention of a crucial factor in getting the hotel built: an extraordinary 40-year tax break that has cost New York City $360 million to date in forgiven, or uncollected, taxes, with four years still to run, on a property that cost only $120 million to build in 1980.

The project set the pattern for Mr. Trump’s New York career: He used his father’s, and, later, his own, extensive political connections, and relied on a huge amount of assistance from the government and taxpayers in the form of tax breaks, grants and incentives to benefit the 15 buildings at the core of his Manhattan real estate empire.

Since then, Mr. Trump has reaped at least $885 million in tax breaks, grants and other subsidies for luxury apartments, hotels and office buildings in New York, according to city tax, housing and finance records. The subsidies helped him lower his own costs and sell apartments at higher prices because of their reduced taxes.

Mr. Trump, the Republican nominee for president, has made clear over the course of his campaign how proud he is that “as a businessman I want to pay as little tax as possible.”

While it is impossible to assess how much Mr. Trump pays in personal or corporate income taxes, because he has refused to release his tax returns, an examination of his record as a New York developer shows how aggressively he has fought to lower the taxes on his projects.

Mr. Trump successfully sued the administration of Mayor Edward I. Koch after being denied a tax break for Trump Tower, his signature building on Fifth Avenue. Two decades later, in a lawsuit that spanned the administrations of Mayors Rudolph W. Giuliani and Michael R. Bloomberg, he won a similar tax break for Trump World Tower, a building on First Avenue with some of the city’s highest-priced condominiums in 2001.

The tax breaks for those two projects alone totaled $157 million.

The tax break at the 44-story Trump International Hotel and Tower at Columbus Circle came to $15.9 million.

No possible subsidy was left untapped. After the terrorist attacks on the World Trade Center, Mr. Trump lined up a $150,000 grant for one of his buildings near ground zero, taking advantage of a program to help small businesses in the area recover, even though he had acknowledged on the day of the attacks that his building was undamaged.

“Donald Trump is probably worse than any other developer in his relentless pursuit of every single dime of taxpayer subsidies he can get his paws on,” said Alicia Glen, Mayor Bill de Blasio’s deputy mayor for housing and economic development, who first battled Mr. Trump when she worked in Mr. Giuliani’s administration.

In seeking those subsidies, Mr. Trump is not that different from many other developers. But the level of subsidies he has received along with his doggedness in claiming them seem at odds with his rhetoric as an outsider candidate who boasts of his single-handed success and who has denounced what he calls the pay-to-play culture of politics and a “rigged” system of government.

There is much more detail in the full article.

Donald Trump, who does not have much use for criticism, or for the free press, is threatening to sue. From The Guardian:

Donald Trump has threatened to sue the New York Times.

In a tweet on Saturday night, the Republican nominee for president wrote: “My lawyers want to sue the failing @nytimes so badly for irresponsible intent. I said no (for now), but they are watching. Really disgusting.”

The tweet marks Trump’s latest attack on the press although litigation is unlikely to succeed. Under the precedent set by the Supreme Court in the landmark case of New York Times v. Sullivan in 1964, any public figure suing for libel must prove a defamatory statement was made with actual malice, “with knowledge that it was false or with reckless disregard of whether it was false or not”.

Besides thinking they are disgusting, I think it is safe to say that Donald Trump also thinks they are losers.

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Leaked DNC Email & Choice Of Time Kaine Show It Is Time For DemExit

DNC Sanders Religious Views

The two big stories of the past day provide the same message–the Democratic Party is no longer a suitable home for liberals and progressives. The latest batch of leaked DNC emails via Wikileak shows what we already knew: rather than staying neutral as they should have, the DNC was rigging the system to support Hillary Clinton. Particularly disturbing was the manner in which they contemplated using Bernie Sanders’ religion against him, insulting both Jews and atheists. The DNC email also shows, as did some of Hillary Clinton’s email, how the Clinton campaign and its allies have manipulated the press.

This was hardly the first sign that the nomination process was unfairly tilted to support Clinton. As I discussed in April, Sanders has had to deal with party rules which have made it difficult for insurgent candidates to win since George McGovern won the nomination. Party leaders subsequently thought the party was best off with moderate candidates who do well in the south despite significant changes in the country since 1972. The use of super delegates, restrictions on independents voting in may states, and front loading of southern primaries make it harder for insurgent candidates to win. Plus the Democratic Party showed even more favoritism this year, including with the debate schedule, failing to release the popular vote in Iowa, as was done eight years ago, which Sanders very likely won, Harry Reid’s actions in Nevada, and changing rules on contributions from lobbyists to help Clinton.

While Hillary Clinton has tried to pretend to be a progressive at times, her choice of Tim Kaine as running mate shows again that she remains a DLC Democrat who opposes liberal values. As The Hill reports:

The moderate Democrat has backed abortion restrictions; supported fast-track authority for a controversial Pacific Rim trade deal; and just this week joined a push to deregulate some of the nation’s largest banks — all positions that are anathema to the liberals being wooed by the Clinton team heading into November.

Bloomberg adds:

In selecting Senator Tim Kaine of Virginia over progressive favorites like as Senators Elizabeth Warren of Massachusetts or Sherrod Brown of Ohio, Clinton is partnering with a lawmaker whose stances on finance and trade policies have sparked backlash from some of her most persistent critics…

Kaine was also one of 70 senators supporting a bipartisan effort to urge the Consumer Financial Protection Bureau to ease some rules on smaller banks and credit unions. His vote in favor of giving the Obama administration more leeway in sealing a trade deal with 12 Pacific Rim nations also has rankled progressives.

His “support for fast-track authority for the job-killing Trans-Pacific Partnership and recent backing of bank deregulation will make our work more difficult,” said Charles Chamberlain, executive director of Democracy for America, a progressive political action committee. He said he was referring to efforts to unite the “political revolution with the Democratic establishment to defeat Trump.”

The choice of a supporter of Wall Street deregulation and trade deals such as TPP plays right into Donald Tump’s hands, shortly after he made an appeal for Sanders supporters to vote for him. It also provides more reason for liberals to consider Jill Stein as opposed to voting for Clinton. Both Kaine and Clinton are preferable to the Republicans on abortion, but that is not enough. Neither recognizes it as a woman’s right as true liberals do and therefore, while they would keep abortion generally legal, they are also willing to compromise and accept restrictions. Clinton’s idea of keeping abortion rare not only stigmatizes women who have chosen to have an abortion, but also plays into Republican hands in making it harder to obtain abortions. Again, they are better than Republicans on this issue, but not good enough. If this was the only issue I could live with them, but there are other issues where they are far worse.

The Democratic Party is looking far more like a DLC, or Republican-lite, Party, unwilling to promote liberal goals. Instead we risk a return of the triangulation and moves to the right seen under Bill Clinton. We had enough problems with DLC policies under Bill Clinton. The dangers under Hillary Clinton are now far worse as she supports an expansion of the warfare/surveillance state which has grown out of control since the Bush years.

Debunking the Ralph Nader Scare Tactics For Supporting The Lesser Evil

Trump Clinton Illusion Free Choice

Many of us have principles and will not support either Donald Trump or Hillary Clinton. Many Clinton supporters have shown no understanding of the basic democratic principle that we have the right to support or not support whichever candidates we choose. They make bogus claims that not voting for Hillary is a vote for Trump. If true, the opposite would also have to be true–our decision to not vote for Trump by their logic would be a vote for Hillary.

Clinton supporters raise Ralph Nader and the 2000 election, but this is wrong for so many reasons:

This assumes that the Democrats are entitled to our vote, and that if there weren’t third party candidates running, those on the left would automatically vote for the Democrat. Wrong. Many would stay home, or leave the presidential spot empty, if there was no other choice.

Most of us do not live in battleground states, leaving us free to vote our convictions without affecting the outcome. Plus Clinton is pulling away in the battleground states and Nate Silver reassures us that Clinton will win anyways. Considering what an inept campaign Trump has waged since clinching the nomination, he is probably right (although Quinnipiac does show them deadlocked).

Hillary Clinton is not Al Gore. She is far closer to George Bush. We were outraged by Bush’s neoconservative foreign policy, but Clinton is the neocon hawk running this year. We protested Bush’s assault on civil liberties, but Clinton also has a far right record on civil liberties issues, sounding much like Donald Trump on restricting civil liberties to fight terrorism. We objected to an increase in government secrecy under Bush, but Clinton has a long record of opposing government transparency. Bush’s administration was remarkable for expanding the influence of the religious right.  Clinton worked with The Fellowship to expand the influence of religion on public policy when in the Senate. Plus Clinton has been on the wrong side regarding the corrupting role of money in politics, on the environment and climate change, on the death penalty, on single-payer health care. She is even to the right of Donald Trump on drug policy and the drug war and on the wrong side of trade issues.

If you think having George Bush elected in 2000 was a terrible thing (and it was), it makes no sense to argue that Hillary Clinton should be president when she supports so much of what made Bush such a terrible president.

If anything, Nader has been proven right by the Democrats nominating a corrupt warmonger such as Clinton. This clearly shows the dangers of “lesser evilism.”

When does the “lesser evilism” stop? We are warned about what happened when Bush beat Gore and told me must support Clinton because of Trump, but Clinton has supported most of the evil done by Bush. Next election will the Democrats nominate someone like Trump and will we be told we must support him if the Republicans nominate someone even more evil?

Some Clinton supporters have been rather bad winners, attacking those who disagree with them on social media for expressing our opinions. Life is more than a binary choice between the limited options provided by the major parties. It even might be argued that a function of the major parties is to limit debate to the limited issues where their candidates disagree.

In reality, Clinton and Trump are both in the authoritarian right segment of the political spectrum, not differing by as much as supporters of either would admit. Those of us who hold opposing views are going to continue to express our views on the issue, regardless of whether we have a presidential candidate who is likely to win. We will continue to oppose oligarchy, neoconservative military interventionism, restrictions on civil liberties to supposedly fight terrorism, the corrupting role of money in politics, destruction of the environment for profit, and an increased role of religion in public policy–even if the Democratic nominee is on the wrong side of each of these issues.

Warnings For Democrats If Clinton Is Nominee

Sanders Clinton

Bernie Sanders has an op-ed in The New York Times warning that Democrats Need to Wake Up after the Brexit vote in Great Britain:

The notion that Donald Trump could benefit from the same forces that gave the Leave proponents a majority in Britain should sound an alarm for the Democratic Party in the United States. Millions of American voters, like the Leave supporters, are understandably angry and frustrated by the economic forces that are destroying the middle class.

In this pivotal moment, the Democratic Party and a new Democratic president need to make clear that we stand with those who are struggling and who have been left behind. We must create national and global economies that work for all, and not a handful of billionaires.

As an aside, if Sanders is going to lecture the Democrats on policiy, I’d also mention the argument in Truthout that “the Sanders “Revolution” Must Take on the Permanent War State.”

Of course Sanders prefers to deal with the economic issues and, despite the importance of responding the warfare state, economics and trade will probably have more of an impact in this year’s election, possibly hurting the Democrats. As Matthew Yglasias warns, “Clinton is personally and politically tied to Bill Clinton’s administration in the 1990s and to Barack Obama’s administration more recently, both of which sought to advance a free trade agenda.” He points out that one problem Clinton has is that nobody believes her:

Clinton’s problem: Does anyone believe this?

The problem with Clinton’s preferred line of attack is it fails to pass the basic “does anyone actually believe this?” test.

The stated reasons for Clinton’s opposition to the TPP didn’t make any sense and were immediately panned by observers such as Vox editor in chief Ezra Klein as smacking of opportunism. Having come out against it, Clinton will in all likelihood follow through and scuttle the agreement.

There’s no question that her position is based upon opportunism. It is far from certain that she will actually scuttle the agreement if elected.

While things can change between now and November, and neither major party nominee is yet official, Clinton has a considerable advantage over Trump. Trump already is far behind Clinton in organization, fund raising and, most importantly, public support. Plus Clinton starts out with the Democratic edge in the electoral college She will probably win if scandals and legal action don’t stop her. Democrats should be concerned.

With the most recent revelations (here and here), Chris Cillizza writes that, Hillary Clinton’s email story continues to get harder and harder to believe.

The latest batch of emails suggest that Clinton’s filter to decide between the personal and the professional was far from foolproof. That these emails never saw the light of day before Monday — or before a conservative legal advocacy group petitioned for their release — opens up the possibility that there are plenty more like them that Clinton chose to delete but shouldn’t have. And it provides more fodder for the Republican argument that Clinton appointing herself as judge, jury and executioner for her emails was, at best, a very, very bad decision and, at worst, something more nefarious than just bad judgment.

…this email to Abedin — which came at the start of her four-year term in office — suggests a bit more active agency than Clinton has previously let on. “I think we need to get on this asap to be sure we know and design the system we want,” doesn’t strike me as Clinton simply wanting convenience and following the instructions of her IT people on how to make that happen. It reads to me as though Clinton is both far more aware of the email setup and far more engaged in how it should look than she generally lets on publicly…

For a candidate already struggling to convince voters she is honest and trustworthy enough to be president, stories like this one are deeply problematic.

While I generally agree with his assessment, I would also point out in response to the title that Clinton’s story was already quite obviously a bunch of lies from the time of her first response to the scandal.

Even if Clinton can sustain her rather impressive lead over Trump, this does not mean everything is fine for he Democrats.  Taegan Goddard warns that Clinton Is a Drag on Congressional Candidates:

The new NBC News/Wall Street Journal confirms what we observed earlier this month: Despite the tremendous unpopularity of Donald Trump and of congressional Republicans, there doesn’t appear to be a wave forming which would give Democrats a chance to take control of the House.

The generic congressional ballot actually shows voters deadlocked over which party they would prefer to control Congress, 46% to 46%. The RealClearPolitics average shows Democrats ahead by just one point on the generic ballot.

This indicates the problem for Democrats goes beyond gerrymandered congressional districts and poor recruitment efforts. The problem is that Hillary Clinton is nearly as unpopular as Trump. While she may be favored in the presidential race, she’s also weighing down congressional candidates…

I wonder how many voters will split their ticket this year, having qualms about whichever candidate they vote for in the presidential race. Many might want to see the other party control Congress to place checks on the president. Far more might vote against this year’s winner in two years.

Bernie Sanders has continued his campaign based upon the argument that he does better than Clinton in the head to head polls against Trump. As Clinton has an excellent chance of winning despite her narrower margin, Sanders might have a stronger argument that having him head the ticket would be better for all the down ticket candidates. Sanders can expand the Democratic Party, while Clinton could do long term damage to it.

Bernie Sanders Continues To Fight Democratic Establishment

Sanders Washington Post

Bernie Sanders continues to both speak out against the Democratic establishment and has an op-ed in The Washington Post discussing what he, and his supporters, want:

As we head toward the Democratic National Convention, I often hear the question, “What does Bernie want?” Wrong question. The right question is what the 12 million Americans who voted for a political revolution want.

And the answer is: They want real change in this country, they want it now and they are prepared to take on the political cowardice and powerful special interests which have prevented that change from happening…

What do we want? We want an economy that is not based on uncontrollable greed, monopolistic practices and illegal behavior. We want an economy that protects the human needs and dignity of all people — children, the elderly, the sick, working people and the poor. We want an economic and political system that works for all of us, not one in which almost all new wealth and power rests with a handful of billionaire families.

Sanders also wrote about campaign finance reform, including overturning Citizens United and universal voter registration. He wrote about ending mass incarceration, climate change, and ending  “the rapid movement that we are currently experiencing toward oligarchic control of our economic and political life.”

I wish he had added a couple of other issues where he has demonstrated that he is on the right side in the past–ending foolish military intervention and curtailing the surveillance state.

It is notable that presumptive Democratic candidate Hillary Clinton has been on the wrong side of both the issues raised by Sanders and the issues I added, which is why a substantial number of Sanders supporters are saying they will not vote for Clinton. On the other hand, Foreign Policy reported today than neocon Robert Kagan will be fund raising for Clinton. With Hillary Clinton being far closer to Republicans ideologically than traditional Democrats, it is important that Sanders continues to fight against the Democratic establishment which orchestrated this move towards the right.

Speaking in New York, Sanders indicated he is continuing to fight. The Hill reports:

A defiant Bernie Sanders is urging his supporters to continue his fight against the Democratic establishment, as the Vermont senator continues his quest to overhaul the party he only recently began associating with.

Ignoring calls to formally suspend his campaign and back Hillary Clinton, Sanders is hoping to encourage a new wave of progressives to join Democrats’ ranks and cement his key proposals into the party’s platform.

Speaking to supporters in New York City on Thursday in an address titled “Where We Go From Here,” Sanders outlined several key concessions he intends to extract from Democrats at the convention next month.

Sanders said he will seek rule changes to open all state primaries to independents and to eliminate superdelegates.

“While we’re at it, we may as well transform the entire Democratic Party,” Sanders said to thunderous applause.

The Vermont senator also encouraged the frenzied crowd to take up his mantle and fight against the Democratic establishment.

“You can beat the establishment,” Sanders declared. “They’re not quite as powerful as some make them out to be. In every state we had to take on the entire Democratic establishment. That is not just your state – that’s true in every state in this country and yet we ended up winning 22 of those states.”

…Sanders will appear on “The Late Show with Stephen Colbert” later Thursday evening, and on Friday will give another “Where We Go From Here Address” to supporters at a rally in Albany.

Voters Still Don’t Like or Trust Trump & Clinton, But See Sanders Favorably

Trumps and Clintons

Despite running what is probably the most inept campaign ever by a major party candidate, Donald Trump remains within five points of Hillary Clinton in the latest CNN/ORC Poll. The fact remains that most people, for good reason, do not like either candidate. As CNN put it, “When asked whether they would be excited by a Trump or Clinton presidency, fewer than 3-in-10 muster that level of enthusiasm for either.” Bernie Sanders is seen favorably by 59 percent, compared with 41 percent for Clinton and 38 percent for Trump.

While Clinton hopes her attacks on Trump’s economic views will change things, a majority believe Trump could handle the economy better than Clinton. Clinton is seen as stronger on foreign policy, but Trump is seen as stronger on terrorism. Neither is seen as honest, but more see Clinton as dishonest than Trump:

The poll finds Clinton widely viewed as having the better temperament for the presidency (56% say so vs. 32% who feel Trump is temperamentally better-suited for the White House), while Trump has picked up some ground over Clinton when voters are asked who is more honest and trustworthy (45% say Trump, 37% Clinton, a near reversal since March). But still, 17% say they see neither candidate as honest and trustworthy.

Trump has problems related to his racism and xenophobia, while 59 percent see Clinton’s violations of policy and dishonesty surrounding her private email server when Secretary of State as a negative indicator of her character and ability to serve as president:

About two-thirds say the way Trump talks about race and ethnicity is an important indicator of his character and ability to serve as president. On Clinton’s handling of her email as secretary of state, about two-thirds now say she did something wrong by using a personal email address and home-based server to handle her communications, up from about half in March of last year when the story first came to light. Likewise, 6-in-10 now say they see her handling of email as an indicator of her character and ability to serve as president, up from about half in March of last year.

As I noted above, Bernie Sanders is seen in the most favorable light, far surpassing Clinton and Trump. The major third party candidates are receiving some support but remain far behind in the poll, with Gary Johnson, now the Libertarian Party official nominee, at nine percent and presumptive Green Party nominee at seven percent.

If Donald Trump can remain within five points of Clinton despite all his recent blunders and the lack of a real campaign structure, his election remains a real possibility should Clinton be hurt by further bad news or legal action. Democrats who are making so much noise about how we must fall in line behind Clinton due to the horrors of a Trump presidency should be pushing for Sanders to be the nominee if they are really sincere in desiring to ensure that Donald Trump doesn’t become president.

Trump Clinches Control of GOP While Sanders Continues To Fight Clinton For Democratic Nomination

sandersindiana_0

Who would have predicted that Donald Trump would clinch the Republican nomination while Hillary Clinton still has an opponent in the race after the Indiana primary, even if Bernie has a huge uphill battle to pull it out? Sanders’ only hope is that something major happens which erodes support for Clinton among the remaining primary voters and/or the superdelegates. While many Republicans continue to oppose Trump, it is hard to see any way to stop him now that both Cruz and Kassich have left the race.

While I do not want to give up all hope of an acceptable presidential candidate emerging from a major party, the pundits are concentrating on a Clinton versus Trump race, as horrible as those options are. Clinton certainly starts out with the advantage when you consider both the advantages for any Democrat in the electoral college, along with how Trump as alienated so many groups, including women and some minorities. On the other hand, the decline in Clinton’s support must raise the question of whether she can survive a general election campaign.

Some Republicans are even talking about voting for Clinton over Trump. Perhaps this will be like the PUMAs of 2008 with the majority ultimately voting for Obama despite initial threats to vote for McCain in protest over Clinton’s defeat. Trump is at a greater risk of a real defection this year. While he is wrong on many, many issues, Trump’s views are vastly different from the GOP mainstream. A neoconservative, DLC Democrat like Clinton is  not very far ideologically from the faction of Republicans which are not outright bat-shit crazy, and the old Goldwater Girl would actually be a sensible choice for many Republican voters. Neocons have already been talking about supporting Clinton for quite a while, and she has received the endorsement of Robert Kagan.

It certainly makes sense for Clinton to try to attract Republican votes, and such votes might make up votes Clinton will lose from those on the left who will not vote for her out of principle. A small percentage of Sanders supporters might even prefer Trump over Clinton. On paper Trump is preferable on foreign policy, showing far less interest than the ultra-hawkish Clinton in military interventionism and regime change, but I would also fear that he would blunder us into a war. Many Sanders supporters  prefer Trump over Clinton issues such as trade and legalization of drugs. Many other issues will make it unlikely for Sanders supporters to vote for Trump.

Sanders showed that his campaign is very much alive with his upset victory in Indiana. Many Clinton supporters are now calling on Sanders to leave the race, but they miss the point. Sanders has been facing an uphill battle from the start, but there is a need for a candidate to present an alternative viewpoint to those of Clinton and Trump. Hillary Clinton still has major negatives leaving a long shot chance of her campaign still being stopped, and even if she cannot be prevented from winning the nomination, voters in remaining primaries deserve an acceptable choice. This is also a campaign over principles and the future direction of the Democratic Party, regardless of whether Clinton wins the current nomination.

Mainstream Media Gangs Up On Bernie With False Claims Of Botched Interview

Sanders Reason To Vote

Members of the establishment media, along with others who have opposed Sanders for the Democratic nomination, are pouncing on an interview at The New York Daily News to make a bogus argument that Sanders is not prepared to be president. Those who have looked more closely have come to a different conclusion.

Ryan Grim, who is not a huge fan of Sanders, looked at the questions objectively and found that Sanders did not really botch the interview. He cited examples of where those asking the questions were actually wrong on the facts and Sanders was right:

Take the exchange getting the most attention: Sanders’ supposed inability to describe exactly how he would break up the biggest banks. Sanders said that if the Treasury Department deemed it necessary to do so, the bank would go about unwinding itself as it best saw fit to get to a size that the administration considered no longer a systemic risk to the economy. Sanders said this could be done with new legislation, or through administrative authority under Dodd-Frank.

This is true, as economist Dean BakerPeter Eavis at The New York Times, and HuffPost’s Zach Carter in a Twitter rant have all pointed out. It’s also the position of Clinton herself. “We now have power under the Dodd-Frank legislation to break up banks. And I’ve said I will use that power if they pose a systemic risk,” Clinton said at a February debate. No media outcry followed her assertion, because it was true.

As the interview went on, though, it began to appear that the Daily News editors didn’t understand the difference between the Treasury Department and the Federal Reserve. Follow in the transcript how Sanders kept referring to the authority of the administration and the Treasury Department through Dodd-Frank, known as Wall Street reform, while the Daily News editors shifted to the Fed.

Daily News: Okay. Well, let’s assume that you’re correct on that point. How do you go about doing it?

Sanders: How you go about doing it is having legislation passed, or giving the authority to the secretary of treasury to determine, under Dodd-Frank, that these banks are a danger to the economy over the problem of too-big-to-fail.

Daily News: But do you think that the Fed, now, has that authority?

Sanders: Well, I don’t know if the Fed has it. But I think the administration can have it.

Daily News: How? How does a president turn to JPMorgan Chase, or have the treasury turn to any of those banks and say, “Now you must do X, Y and Z?”

Sanders: Well, you do have authority under the Dodd-Frank legislation to do that, make that determination.

Daily News: You do, just by Federal Reserve fiat, you do?

This is simply a factual dispute between the Daily News and Sanders, not a matter of opinion. The Daily News was wrong.

Many of the questions were gotcha questions where there was no easy answer. For example:

On drones, the Daily News asked: “President Obama has taken the authority for drone attacks away from the CIA and given it to the U.S. military. Some say that that has caused difficulties in zeroing in on terrorists, their ISIS leaders. Do you believe that he’s got the right policy there?”

“I don’t know the answer to that,” Sanders said.

A nice gotcha, except that while Obama did announce publicly that at some point in the future authority would move from the CIA to the U.S. military, that decision was quietly reversed — so quietly that the news apparently didn’t make it to New York (though HuffPost did report on it).

Some questions are not easily answerable in an interview, but do not indicate ignorance of the topic:

Sanders has also taken a beating for saying he couldn’t cite a particular statute that may have been violated by Wall Street bankers during the financial crisis. But, quickly, without searching Google, can you name the particular statute that outlaws murder? Either way, here’s what Sanders actually said:

Daily News: What kind of fraudulent activity are you referring to when you say that?

Sanders: What kind of fraudulent activity? Fraudulent activity that brought this country into the worst economic decline in its history by selling packages of fraudulent, fraudulent, worthless subprime mortgages. How’s that for a start?

Selling products to people who you knew could not repay them. Lying to people without allowing them to know that in a year, their interest rates would be off the charts. They would not repay that. Bundling these things. Putting them into packages with good mortgages. That’s fraudulent activity.

Truthout posted a Democracy Now! interview which included Juan González, a columnist for the Daily News who did not think Sanders botched the interview:

Yeah, well, I certainly didn’t get that impression, tell you the truth. The editorial board is notorious, especially our editorial page editor, Arthur Browne, for his laser-like one question after another, and he bombarded, as several others of us also asked questions. I, overall, thought that Bernie Sanders handled the exchange very well. And I think that there were a few places where he stumbled, and — but I was amazed at his ability to parry the questions that were thrown at him and to, basically, for instance, bluntly say, when he was asked about the Israeli-Palestinian situation, that Israel needed to withdraw from the illegal settlements in Palestinian territory, which I was astounded that he was quite frank and clear on his position, while at the same time saying he would do everything possible as president to negotiate peace and security for Israel in an overall settlement. And I think there — he did stumble a little bit when he was pressed on how he would break up some of the too-big-to-fail banks. He clearly did not have that down pat.

Van Jones added:

You’re going to see the mainstream media go after him. Now there’s blood in the water on specifics. They’re going to go after him on specifics, you know, way beyond anything any candidate has had to address. And people are going to have to — I mean, he’s going to have to step up his game, because you can’t, you know, write excuses for people. He’s got to be able to answer those tough questions.

Mike Konczal of the Roosevelt Institute was among those who argued that Sanders gave good answers, including on breaking up banks:

Bernie Sanders gave some fairly normal answers on financial reform to the New York Daily News editorial board. Someone sent it to me, and as I read it I thought “yes, these are answers I’d expect for how Sanders approaches financial reform.”

You wouldn’t know that from the coverage of it, which has argued that the answers were an embarrassing failure. Caitlin Cruz at TPM argues that Sanders “struggles to explain how he would break up the banks” and that’s relatively kind. Chris Cillizza says it was “pretty close to a disaster” and David Graham says the answers on his core financial focus is “tentative, unprepared, or unaware.” Tina Nguyen at Vanity Fair writes that Sanders “admits he isn’t sure how to break up the big banks.”

This is not correct. Sanders has a clear path on how he wants to break up the banks which he described. Breaking up the banks doesn’t require, or even benefit from, describing the specifics on how the banks would end up, neither for his plans or the baby steps Dodd-Frank has already taken.

After further discussion, Konczal said, “If anything, Sanders is too wonky.” Dan Wright at  ShadowProof was even harsher on the media in a post entitled,  Was Corporate Media Too Dumb To Understand Sanders Bank Breakup Plan? He also pointed out that there is more detail at Sanders’ web site.

The Clinton campaign is using this interview to attack Sanders on guns, once gain ignoring his D- lifetime rating from the NRA, in contrast to Clinton who ran as a pro-gun chruchgoer in 2008. I understand Sanders’ having considered the position of gun owners having represented a rural state like Vermont. Clinton’s position appears to change based upon pure political pandering.

Hillary Clinton could probably answer questions of this type better than Sanders, but that does not mean she would make a better president. Repeating the establishment positions, showing no ability to think out of the box or to recognize the problems, makes her just part of the problem, and unable to come up with solutions. It will not be easy for an incoming president to deal with the corruptive role of money in government, and few, if anybody in Sanders’ position would be able to provide better answers until they are dealing with the problems in office. Sure, if Elizabeth Warren was running, there could be a strong case for voting for her instead of Sanders, but she is not on the ballot. What matter is that we have a president who recognizes the problems, and is on the right side of the issues.

Plus we need to look at matters such as integrity and judgment. Clinton fails on both counts. The email scandal, along with her dishonesty during the campaign, are just a couple of examples which demonstrate her lack of integrity. Despite her experience, she has demonstrated poor judgment throughout her career. Her support for the Panama Trade Deal, was just the latest example to hit the news. For the last few decades, Clinton was repeatedly wrong on the big questions, while Sanders was right, showing which one of them is really prepared to be president.

Sander Opposed And Clinton Supported Panama Trade Deal Which Led to Panama Papers Scandal

There is a long list of issues where Sanders got it right an Clinton got it wrong, from the Iraq war on foreign policy to the Defense of Marriage Act on social issues. Plus there are the trade deals which the two have disagreed on. Ben Norton points out that Sanders opposed the Panama trade deal which led to the abuses revealed in the Panama papers. In contrast, Clinton supported the deal :

Presidential candidate Bernie Sanders spoke up about the issue on Monday. His campaign posted to Facebook a video of an October 2011 speech in the U.S. Senate, in which Sanders condemned the Panama Free Trade Agreement that was being considered at the time.

Then-Secretary of State Hillary Clinton and President Obama both supported the Bush administration-negotiated agreement, which ultimately made tax evasion an even larger problem. Progressive NGOs and watchdogs warned that this would happen at the time, but Clinton and Obama ignored them and strongly pushed for the deal.

Sanders, on the other hand, was one of the few voices to challenge the neoliberal trade deal.

Sanders began his statement on the Senate floor noting that Panama’s economy is incredibly small, with an economic output of just 0.2 percent of the U.S. economy’s. (Panama as a country, in fact, did not exist until the beginning of the 20th century, when the U.S. carved it off of Colombia and built an important canal there.)

“So I think no one is going to legitimately stand up here and say that trading with such a small country is going to significantly increase American jobs,” he explained.

Why, then, was the U.S. considering a free trade agreement with the country? He asked.

“Well, it turns out,” Sanders continued, “that Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade U.S. taxes by stashing their cash in offshore tax havens.”

The Panama Free Trade Agreement, the Vermont senator argued, would there “make this bad situation much worse.”

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…The free trade agreement Clinton and Obama supported “would effectively bar the United States from cracking down on illegal and abusive offshore tax havens in Panama,” the Vermont senator pointed out.

“In fact, combating tax haven abuse in Panama would be a violation of this free trade agreement, exposing the U.S. to fines from international authorities,” he stressed.

Sanders also emphasized that the U.S. was losing up to $100 billion in taxes every year “as corporations stash their money in” tax havens like Panama, the Cayman Islands and Bermuda.

“At a time when we have a $14 trillion plus national debt, and at a time when we are frantically figuring out ways to try to lower our deficit, some of us believe that it is a good idea to do away with all of these tax havens by which the wealthy and large corporations stash their money abroad and avoid paying U.S. taxes,” Sanders said.

The revelations have already led to the resignation of Iceland’s Prime Minister. At least 200 Americans were also named in the papers according to McClatchy.

Elizabeth Warren Cheers Bernie Sanders On As He Ties Clinton In Latest Poll

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Elizabeth Warren is not willing to make an endorsement yet in the Democratic primary battle, but she is “cheering Bernie on” as she attacks Donald Trump. AP reports:

On Thursday, when asked if Bernie Sanders should drop out of the race, Warren praised the Democratic senator from Vermont.

Sanders has echoed Warren’s criticism of Wall Street and rising student load debt more than any other candidate.

‘‘He’s out there. He fights from the heart. This is who Bernie is,’’ Warren said. ‘‘He has put the right issues on the table both for the Democratic Party and for the country in general so I’m still cheering Bernie on.’’

Warren declined to say which candidate she voted for in the Massachusetts primary. She said she plans to make an endorsement, but not yet.

Perhaps the cheering is helping. Bloomberg has a new poll out showing Sanders tied with Clinton, and Sanders continues to be the stronger general election candidate in match-ups against Republicans:

Even after more than two dozen primaries and caucuses in which Clinton’s amassed a commanding lead in votes and in delegates needed to win the nomination, a Bloomberg Politics national poll found that Sanders is the first choice of 49 percent of those who have voted or plan to vote in this year’s Democratic contests, while the former secretary of state is preferred by 48 percent…

The survey also signaled some trouble for Clinton in holding on to Sanders supporters in November. In general-election match-ups, Sanders holds a 24-point edge over Donald Trump, a 12-point lead over Ted Cruz, and a 4-point advantage over John Kasich among likely general-election voters. Clinton, by contrast, trails Kasich by 4 percentage points. She would carry a sizable lead into a contest against Cruz, where she holds a 9-point advantage, and Trump, whom she beats by 18 points.

There are additional media reports which question if Sanders supporters will back Clinton. With Sanders campaigning out west, the Times of San Diego has run a story under the headline, San Diegans Rally for Bernie, Warn Hillary: Don’t Count on Us. It is also looking like topless women might be a new feature of Sanders rallies.

Sanders also made an appearance on Jimmy Kimmel Live. He discussed the terrorist attack in Brussels. He once again distinguished himself from Clinton, Trump, and Cruz in stressing the importance of respecting the  Constitution. He had this to say about Donald Trump:

At the end of the day, we cannot allow the Trumps of the world to use these incidents to attack all of the Muslim people in the world. It is unfair. To imply that because somebody is a Muslim, they are a terrorist, that is an outrageous statement. Equally so when he talks about Mexicans coming over the border as rapists and criminals. That is not what this country is about, and we don’t need, in my view, a candidate for president hurling these types of insults.

Sanders also talked more about Donald Trump, legalization of marijuana, Flint, and campaign finance reform in the segment above. Regarding climate change, Sanders said:

If you’re going to run for president, you need many, many hundreds of millions of dollars. I’m on the Senate environmental committee. I’ve talked to scientists all over the world. Climate change is real; it’s caused by human activity. And yet you don’t have one Republican candidate prepared to say that. The reason for it is that the day they say it, their campaign funding is cut by the Koch brothers and the fossil fuel industry.