Bernie Sanders Calls For Federal Investigation Of Exxon

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Democratic presidential candidate Sen. Bernie Sanders (I-VT) wants ExxonMobil investigated by the Department of Justice.

In a letter to Attorney General Loretta Lynch on Tuesday, Sanders charged the oil giant of engaging in a cover-up to intentionally mislead the public about the reality of human-caused climate change, and by extension the risks of its carbon-intensive product.

“It appears that Exxon knew its product was causing harm to the public, and spent millions of dollars to obfuscate the facts in the public discourse,” Sanders wrote. “The information that has come to light about Exxon’s past activities raises potentially serious concerns that should be investigated.”

The information Sanders cited was a recent investigation by Inside Climate News, which found that the ExxonMobil conducted research as far back as 1977 affirming that climate change is caused by carbon emissions from fossil fuels. At the same time, the oil giant gave millions of dollars to politicians and organizations that promote climate science denial, and spent millions more lobbying to prevent regulations to limit carbon emissions.

Sanders, like many, compared the allegations against ExxonMobil to the DOJ’s massive and successful lawsuit against the tobacco industry. That action found that a number of big tobacco companies engaged in racketeering by conspiring to hide the harmful impacts of smoking from the public.

In an interview with ThinkProgress on Monday, the attorney who prosecuted that case against the tobacco industry said an investigation into ExxonMobil by the DOJ is “plausible and should be considered.”

 

SOURCE

Robert Reich Explains Why Bernie Sanders’ Policies Would Cost America Nothing

Saving Capitalism: For the Many, Not the Few

Why the economic debate in America must take account of political power. More on this in "Saving Capitalism: For the Many, Not the Few," out 9/29. Should you wish to pre-order: Amazon: http://bit.ly/1F2A9PX; Barnes & Noble: http://bit.ly/1ihgd0M; IndieBound: http://bit.ly/1UW92No

Posted by Robert Reich on Tuesday, September 15, 2015

POPULAR ECONOMIST EXPLAINS THAT BERNIE SANDERS’ PROGRAMS ARE A GOOD DEAL FOR AMERICANS

Recently, an article was published by the Wall Street Journal attempting to scare Americans into believing that Vermont Senator Bernie Sanders would add $18 trillion to the United States debt over a period of 10 years. While that figure is mainly true, it didn’t take economists long to sort out that Sanders policies would actually cost virtually nothing in the long run and would even save Americans $42 trillion we’d normally spend on health care in a decade. In fact, we’d spend more without these government programs.

Here is the image the WSJ used to explain the breakdown for Sanders policies:

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A financial breakdown of what Senator Bernie Sanders’ policies would cost Americans. Wall Street Journal

Robert Reich, a political economist, said so many people asked him to explain if Sanders’ plan would balloon the federal deficit and dash the dreams of Sanders supporters everywhere that he felt it necessary to respond. Reich said the WSJ’s claim was “bogus” because they dropped a scary number with no further analysis of the impact such policies would have on the country.

Reich explains:

Bernie’s proposals would cost less than what we’d spend without them. Most of the “cost” the Journal comes up with—$15 trillion—would pay for opening Medicare to everyone. This would be cheaper than relying on our current system of for-profit private health insurers that charge you and me huge administrative costs, advertising, marketing, bloated executive salaries, and high pharmaceutical prices. (Gerald Friedman, an economist at the University of Massachusetts at Amherst, estimates a Medicare-for-all system would actually save all of us $10 trillion over 10 years).

In fact, Americans already pay four times more for private health insurance and other social services than people pay in taxes for the same services in democratic socialist countries. So when people claim, “Socialist countries pay high taxes!” We can set them straight and say, “We pay higher prices to fund greedy fucks’ lavish lifestyles.”

Reich continued:

“The savings from Medicare-for-all would more than cover the costs of the rest of Bernie’s agenda—tuition-free education at public colleges, expanded Social Security benefits, improved infrastructure, and a fund to help cover paid family leave – and still leave us $2 trillion to cut federal deficits for the next ten years.

“Many of these other “costs” would also otherwise be paid by individuals and families — for example, in college tuition and private insurance. So they shouldn’t be considered added costs for the country as a whole, and may well save us money.”

Think about the implications that shifting the burden of paying for expensive services like health care and education off the backs of the working class and businesses will have on our economy.

The working class are the drivers of the economy. They are far greater in number and spend most of their money on products and services in order to cover their basic needs. Allowing them to keep their money in regards to insurance, child care and college puts more money in their pockets to spend. When the working class has more money to spend, they spend it, or they save it for rainy days and retirement. This creates greater consumer confidence and better financial security, and those at the top also fare well, because now more people are buying up their products and services. The demand for these products and services creates a need for more jobs, and voila, the economy is strong.

Lastly, Reich says:

“Finally, Bernie’s proposed spending on education and infrastructure aren’t really “spending” at all, but investments in the nation’s future productivity. If we don’t make them, we’re all poorer. 

“That Rupert Murdoch’s Wall Street Journal would do this giant dump on Bernie, based on misinformation and distortion, confirms Bernie’s status as the candidate willing to take on the moneyed interests that the Wall Street Journal represents.”

So Reich thinks that Sanders has the one percent scared out of their wits because his message is resonating so well. Rupert Murdoch can’t seem to scare people with the word “socialism” any longer, now he’s trying a more nuanced approach by spreading misinformation that our national debt will skyrocket under Bernie which will “cost” everyone more money when it won’t, because he really doesn’t want Americans to figure out that trickle-down economics is a sham.

But, Americans are waking up and realizing that their government belongs to them, not the rich, and that when the working class is stronger the country gets stronger. A weak country is apathetic and will relinquish control to those with self-serving agendas. Sanders has started a political revolution, regardless if he becomes the democratic nominee or not, and it has the greedy class of this country scared out of their wits because they see the majority of Americans are now fighting to take back that control — and that’s a good thing.

Robert Reich has a new book coming out called Saving Capitalism which hits shelves Sept. 29.

Image: Facebook/Robert Reich

WATCH SANDERS: The American people are sick and tired of hearing about your damn emails!

As you would expect, CNN moderator Anderson Cooper pressed Hillary Clinton about her controversial use of private email as Secretary of State at Tuesday night’s Democratic debate in Las Vegas. Clinton got some applause for her response, which was critical of the motives of the Republican-run Benghazi committee that has pressed the issue—but the more memorable moment came after she finished, when a dyspeptic Bernie Sanders jumped in to back her up:

Let me say something. I think the secretary is right. And that is that the American people are sick and tired of hearing about your damn emails.

Responded Clinton: “Thank you. Me too. Me too.”

SANDERS

25 Quotes by BERNIE SANDERS

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An America where every person, no matter their race, their disability or their sexual orientation realizes the full promise of equality that is our birthright as Americans.

– Bernie Sanders


 

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A nation will not survive morally or economically when so few have so much and so many have so little.

– Bernie Sanders


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If you can’t afford to take care of your‎ veterans , then don’t go to war.

– Bernie Sanders


The rich people are apparently leaving America. They’re giving up their citizenship. These great lovers of America who made their money in this country-when you ask them to pay their fair share of taxes they run abroad. We have 19-year old kids who lost their lives in Iraq and Afghanistan defending this country. They went abroad. Not to escape taxes. They’re working class kids who died in wars and now billionaires want to run abroad to avoid paying their fair share of taxes. What patriotism! What love of country!

– Bernie Sanders


It’s better to show up than to give up.

– Bernie Sanders


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If the environment were a bank, it would have been saved by now.

– Bernie Sanders


My path to victory is to talk about the issues that impact the lives of millions of Americans.

– Bernie Sanders


The main problem of America is that you’re seeing people working all over this country two jobs, they’re working three jobs, and they’re getting nowhere in a hurry. They’re working hard. They can’t afford to send their kids to college in many instances. They can’t afford child care for their little babies. They’re worried to death about retirement.

– Bernie Sanders


I think the issue of income and wealth inequality is in fact a moral issue.

– Bernie Sanders


i-am-going

I am going to do my best to try to create a country in which children are not living in poverty, in which kids can go to college, in which old people have health care. Will I succeed? I can’t guarantee you that, but I can tell you that from a human point of view it is better to show up than to give up.

– Bernie Sanders


Nobody who works 40 hours a week should be living in poverty.

– Bernie Sanders


You know, I think many people have the mistaken impression that Congress regulates Wall Street. In truth that’s not the case. The real truth is that Wall Street regulates the Congress.

– Bernie Sanders


There is far too little discussion in Washington about the collapse of the middle class , almost no discussion at all about the incredible income inequality and wealth inequality in this country, and the fact that we’re moving toward an oligarch form of society.

– Bernie Sanders


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A nation will not survive morally or economically when so few have so much and so many have so little.

– Bernie Sanders


So as a nation, we have a right to be very proud of the successes that we have seen because of the struggle of millions of people to create a less discriminatory society. That is something we should be proud of, but there is one struggle in which not only have we not succeeded but in which we are losing ground and that is the fundamental struggle for economic justice.

– Bernie Sanders


No president, not the smartest, best human being in the world can do it alone. You cannot take on this, the power that is in Washington, to billionaires and lobbyist, the military industrial complex, all of this money and power, you can`t do it. You need a mass movement of American who are looking in congress and we say directly.

– Bernie Sanders


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Let us wage a moral and political war against the billionaires and corporate leaders, on Wall Street and elsewhere, whose policies and greed are destroying the middle class of America.

– Bernie Sanders


I happen to believe that we should move to a Medicare-for-all single-payer system, similar to what other countries around the world have.

– Bernie Sanders


I want to know in this day and age, whether it is possible for any candidate who is not a billionaire or who is not beholden to the billionaire class, to be able to run successful campaigns.

– Bernie Sanders


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It’s time to make our government work for all of us… and not just the 1%.

– Bernie Sanders


 

The point is change can come about, but it only comes about when millions of people are actively involved in political struggle, the billionaires may have the money, but we have the people.

– Bernie Sanders


A job should lift workers out of poverty, not keep them in it.

– Bernie Sanders


Let us wage a moral and political war against war itself, so that we can cut military spending and use that money for human needs.

– Bernie Sanders


We don`t need to drive up the national debt by giving tax breaks to millionaires and billionaires.

– Bernie Sanders


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They talk about class warfare — the fact of the matter is there has been class warfare for the last thirty years. It’s a handful of billionaires taking on the entire middle-class and working-class of this country. And the result is you now have in America the most unequal distribution of wealth and income of any major country on Earth and the worst inequality in America since 1928. How could anybody defend the top 400 richest people in this country owning more wealth than the bottom half of America, 150 million people?

– Bernie Sanders