Bernie Sanders on the Senate Bill

by Chris Sturr | October 02, 2008

Bernie Sanders, the Socialist senator from Vermont, joined 24 others in voting against the bailout bill Wednesday night. He had earlier submitted an amendment that would have established a five-year, 10 percent surtax on families with incomes of more than $1 million year and individuals earning over $500,00 to raise $300 billion to help bankroll the bailout. The amendment was set aside in a voice vote.


In a statement on his web page, Sanders noted

“This bill does not deal with the absurdity of having the fox guarding the hen house. Maybe I’m the only person in America who thinks so, but I have a hard time understanding why we are giving $700 billion to the Secretary of the Treasury, the former CEO of Goldman Sachs, who along with other financial institutions, actually got us into this problem. Now, maybe I’m the only person in America who thinks that’s a little bit weird, but that is what I think.”

1 comment

One Comment

  1. No, you’re not the only one. I’d vote AGAINST any legislation to donate my taxes to any institution without the following preconditions;1. Tobin Tax (or similar securities speculation tax)2. Minimum percent bank reserve requirements to be invested in decentralized renewable power3. Unionization

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