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Nope. QE is going towards fixing the consequences of the federal government requiring the GSEs to buy loans made to high-risk borrowers who never should have qualified for loans in the first place given their insufficient credit history, insufficient income, or both.
The reason Bernie Sanders is "popping up", is because this country is a democracy. Democracy means equality.
Furthermore, the creation of the "Welfare state", many decades ago, foreshadowed a growing dependence on government. When something like half of all children get food stamps, what do you expect?
Please show me where Bernie Sanders platform, outlines adding taxes onto the poor and middle class.
It will be hard. Bernie does not have those plans.
He is intent on going after the .01% of the topmost wealthy people in the country. They're the ones who are both making the most money or all, and are keeping it all.
The other 99.09% of the top 1% make money and lose enough to drop out of the top within 1-3 years, so they come and go.
In real numbers, 33 million have the money, and 330 million do not. That makes for a hell of an uphill fight for anyone who wants to change things, but the numbers are there if the voters turn out in large numbers.
The ultra rich are outnumbered 10 to 1. If big money contributions don't make a difference this election, the rich may not win out this time. But even if they lose, fighting regulation through congress will be as hard as anything any president has ever accomplished.
500 politicians is a pretty small bunch, and they're easily bought off one way or another. Everybody loves easy money, don't they?
Financially, I'm probably 10 times more successful than you. And I support Bernie.I have been supporting Bernie, long time before he even announced he was running for the Presidency.
There are so many misguided people here ... it is not even funny.
Like has been demonstrated by Elizabeth Warren and Bernie Sanders, the system is rigged. If it is not true, then tell me when was the last time a bill was passed, which wasn't written by Millionaires and Billionaires.
Quote:
Originally Posted by bmw335xi
So far I haven't met a single Bernie Sanders supporter who is doing well. From the conversations I've had with them, they tend to be completely clueless about how to build wealth or how the economy works.
I just don't understand how anyone doing well could vote for Sanders. Whether you are building retirement through your 401k, your own stock/fund account, real estate etc... it will all be hurt if Sanders gets his way. Everyone I know who are huge Sanders supporters are barely making ends meet. I simply think he is very dangerous for our economy and country. We just need to repair the wheel, we don't need to replace the wheel with something entirely else.
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