{"id":21142,"date":"2016-04-07T12:03:42","date_gmt":"2016-04-07T19:03:42","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=21142"},"modified":"2016-04-07T12:03:42","modified_gmt":"2016-04-07T19:03:42","slug":"i-read-it-in-the-daily-news","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2016\/04\/07\/i-read-it-in-the-daily-news\/","title":{"rendered":"I Read It in the Daily News!"},"content":{"rendered":"

I read an article a few days ago that expresses the view that Bernie Sanders has no idea what he\u2019s talking about, when it comes to running the economy.  The author\u2019s bias seemed quite clear to me, and although I would have like to have seen more detail from Bernie in the interview, I realize that there was insufficient time to deal with all the complexities of breaking up the TBTF banks.  Unfortunately, other media have joined the corporate chorus.<\/font><\/p>\n

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\"mediaThe Washington press corps has gone into one of its great feeding frenzies over Bernie Sanders\u2019 interview<\/a> with New York Daily News<\/strong>. Sanders avoided specific answers to many of the questions posed, which the DC gang are convinced shows a lack of the knowledge necessary to be president.<\/p>\n

Among the frenzied were the Washington Post\u2018s<\/strong> Chris Cillizza<\/a>, The Atlantic\u2018s<\/strong> David Graham<\/a> and Vanity Fair\u2018s<\/strong> Tina Nguyen<\/a>, with CNN\u2018s Dylan Byers<\/a> telling about it all. Having read the transcript<\/a> of the interview, I would say that I certainly would have liked to see more specificity in Sanders\u2019 answers, but I\u2019m an economist. And some of the complaints are just silly.<\/p>\n

When asked how he would break up the big banks, Sanders said he would leave that up to the banks. That\u2019s exactly the right answer. The government doesn\u2019t know the most efficient way to break up JP Morgan; JP Morgan does. If the point is to downsize the banks, the way to do it is to give them a size cap and let them figure out the best way to reconfigure themselves to get under it.<\/p>\n

The same applies to Sanders not knowing the specific statute for prosecuting banks for their actions in the housing bubble. Knowingly passing off fraudulent mortgages in a mortgage-backed security is fraud. Could the Justice Department prove this case against high-level bank executives? Who knows, but they obviously didn\u2019t try.<\/p>\n

And the fact that Sanders didn\u2019t know the specific statute\u2014who cares? How many people know the specific statute for someone who puts a bullet in someone\u2019s head? That\u2019s murder, and if a candidate for office doesn\u2019t know the exact title and specifics of her state murder statute, it hardly seems like a big issue\u2026 [emphasis original<\/em>]<\/p>\n<\/blockquote>\n

Inserted from <Fair.org<\/a>><\/p>\n

Click through for more detail.<\/font><\/p>\n

And as I reflected on the quality of the high bias and poor quality of this coverage, my mind kept flashing back to a tune we used to sing in the 1960s.<\/font><\/p>\n