LESSIG: On Dodd-Frank, look, every Democrat is talking now about how we have to go back and have a new law to take on Wall Street. But you can't take on Wall Street until you change the way campaigns are funded, because the biggest funder of campaigns in Congress is Wall Street.
SANDERS: People do not understand why the middle class of this country is collapsing at the same time as almost all of the new income and wealth is going to the top 1%. People do not like the idea that, as a result of Citizens United, our campaign finance system has become corrupt and politicians are dependent upon super PACs and billionaires for money. People want us to deal with climate change, make college affordable. Those are the issues I have been talking about.
Q: You also talk about taking on the billionaire class. Give us some specifics.
SANDERS: I think that the business model of Wall Street is fraud. And I think these guys drove us into the worst economic downturn into the modern history of America. I think they're at it again. I believe that, when you have so few banks with so much power, you have to not only reestablish Glass-Steagall, but you have got to break them up.
SANDERS: I think what the pope has been saying in a very profound and deep way is that casino-type capitalism is causing devastating problems not only in terms of our climate but in terms of income and wealth inequality. The pope is saying there's something wrong internationally where almost all of the new wealth in this world is going to people on the top and so many other people are falling by the wayside. So, yes, I think that Pope Francis has played an extraordinary role; he has been a voice of conscience all over the world, speaking out for those people who don't have a voice, those people who are suffering. And what are you saying, enough is enough. Money cannot be the God of life. We have got to look at our kids, look at those people who are hurting; we've got to come together to create a new world and not a world in which a handful of people have so much wealth and so many other people are suffering.
FIORINA: Well, I think we have two fundamental structural problems in our economy. One is that we have tangled people up in a web of dependence from which they can't escape. We're leaving lots of talent on the field. Secondly, we're crushing small businesses now. Elizabeth Warren is right, crony capitalism is alive and well. Big business and big government go hand in hand. But for the first time in US history now, we are destroying more businesses than we are creating. And so, while we have 10 banks, too big to fail, now have become 5 big banks too big to fail, [while] 3,000 community banks have gone out of business, and that's where family-owned and small businesses get their chance. That's important because small businesses create 2/3 of the new jobs and employ 1/2 the people. So, if we want the middle class growing again, we've got to get small and family-owned businesses going and growing again.
FIORINA: Well, I'm very proud of our record. We took Hewlett-Packard from about $44 billion to $88 billion. We took the growth rate from 2% to 9%. We tripled the rate of innovation to 11 patents a day. We quadrupled cash flow. We went from a market laggard to a market leader in every product category and every market segment. And we grew jobs. It is true that I managed through the worst technology recession in 25 years. Virtually every technology stock was down over that same period. And while it's true that in a technology recession, we had to lay people off, the truth is we outsourced more California jobs to Texas than we did to India or China, demonstrating we have to compete for every job.
"Secondly," he added, "we would pass a national energy policy, and one that takes full advantage of all of the resources that we have available to us to help grow our economy and make the world a more peaceful and stable place."
"And the third thing," he said, "is to reestablish American leadership around the world."
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| 2020 Presidential contenders on Corporations: | |||
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Democrats running for President:
Sen.Michael Bennet (D-CO) V.P.Joe Biden (D-DE) Mayor Mike Bloomberg (I-NYC) Gov.Steve Bullock (D-MT) Mayor Pete Buttigieg (D-IN) Sen.Cory Booker (D-NJ) Secy.Julian Castro (D-TX) Gov.Lincoln Chafee (L-RI) Rep.John Delaney (D-MD) Rep.Tulsi Gabbard (D-HI) Sen.Amy Klobuchar (D-MN) Gov.Deval Patrick (D-MA) Sen.Bernie Sanders (I-VT) CEO Tom Steyer (D-CA) Sen.Elizabeth Warren (D-MA) Marianne Williamson (D-CA) CEO Andrew Yang (D-NY) 2020 Third Party Candidates: Rep.Justin Amash (L-MI) CEO Don Blankenship (C-WV) Gov.Lincoln Chafee (L-RI) Howie Hawkins (G-NY) Gov.Jesse Ventura (I-MN) |
Republicans running for President:
V.P.Mike Pence(R-IN) Pres.Donald Trump(R-NY) Rep.Joe Walsh (R-IL) Gov.Bill Weld(R-MA & L-NY) 2020 Withdrawn Democratic Candidates: Sen.Stacey Abrams (D-GA) Mayor Bill de Blasio (D-NYC) Sen.Kirsten Gillibrand (D-NY) Sen.Mike Gravel (D-AK) Sen.Kamala Harris (D-CA) Gov.John Hickenlooper (D-CO) Gov.Jay Inslee (D-WA) Mayor Wayne Messam (D-FL) Rep.Seth Moulton (D-MA) Rep.Beto O`Rourke (D-TX) Rep.Tim Ryan (D-CA) Adm.Joe Sestak (D-PA) Rep.Eric Swalwell (D-CA) | ||
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