This Shows PERFECTLY How Bernie Sanders Supporters Think (It’s Scary)

This appears to be real screenshot of a Facebook post from a Bernie Sanders supporter and it’s going viral.

Take a look…

From The Federalist Papers:

  • Save

It’s hard to read things like this and not think America is doomed. How can young people be so naive to believe Sanders is going to provide “free” stuff. There’s no such thing as “free stuff.” If you’re receiving goods or services and not paying for it, someone else needs to be paying for it. This is why, as Margaret Thatcher famously declared, “The problem with socialism is that you eventually run out of other people’s money.”

Let’s look at some of Bernie’s most embarrassingly stupid positions on economic issues:

Sanders wants to raise the federal minimum wage to $15 an hour, a 100%-plus increase from the current $7.25. There is ample research showing that this could be a dangerous price increase. Yes, when it’s wrapped in the usual Sanders rhetoric about how corporations are evil, greed-loving entities that need to redistribute more of their wealth to the middle class, a bigger wage increase sounds that much better. But we have to be smart about this…

Tearing down the big banks is not only impractical, but also pointless. Sanders has an incredible amount of hatred for this thing he refers to as “Wall Street.” At the center of this hatred is his idea that Glass-Steagall needs to be reinstated so big banks can’t hurt the economy. This is based on a total misunderstanding of the cause of the financial crisis and the financial system…

Sanders said “the business model of Wall Street is fraud.” This is the sort of comment that convinces me that Bernie Sanders doesn’t understand the financial system all that well. After all, this is no different than saying that all Muslims are evil because jihadists attacked Paris over the weekend. That’s just silly, and it’s based on a dangerous and ignorant generalization. What is he saying exactly? Is he saying every accountant, banker, financial analyst, financial planner, manager and sales person on “Wall Street” is part of a fraudulent cartel? This is nothing more than populist rhetoric that some people get charged up about only because they don’t understand the thing they hate. Yes, there is some fraud on Wall Street, but that does not mean the business model of Wall Street is fraud.

I’ll leave this here…

  • Save

Posted in Financial and tagged , , .