Likewise, his attacks on billionaire power over the government ring true in an age where Hillary Clinton gets $300,000 speaking fees, and where President Obama’s campaign contributions from Wall Street have earned him the nickname President Goldman Sachs. Obama, of course, attacked Wall Street on the campaign trail, but by now Democratic Party faithful have figured out that it’s Wall Street that’s calling the shots.
As The Economist says, “Forget the 1% — it is the .01% who are really getting ahead in America.”
And as The New York Times recently noted, the benefits of this “recovery” have gone almost entirely to the rich. “In the first three years of the current expansion, incomes actually fell for the bottom 90% of earners, even as they rose nicely for the top 10%. The result: The top 10% captured an impossible-seeming 116% of income gains during that span. … One percent of the population, in the first three years of the current expansion, took home 95% of the income gains.”
Sanders’ solutions might be ill-conceived, but at least he’s talking about a problem that the incumbent, and the front-runner, are largely happy to ignore. And though, as an aged, openly Socialist, white male, he might not have been the dream candidate, Sanders draws enthusiastic crowds who are grateful that someone is speaking to their concerns.