Senator Bernie Sanders is threading the needle. Lacking the delegates to win the Democratic nomination for President, saddled with shortsighted supporters who are willing to peddle Fox News nuttiness and undermine the Democratic Party’s effort to resist Trumpism and hold the White House for four more years of progressive opportunity, Sanders is somehow parlaying what we might view as fleeting political capital into wins on the Democratic Party platform. Looking at the draft platform released yesterday by the Democratic National Committee, Jeff Stein at Vox summarizes new positions added to accommodate the Vermont Senator’s ideas:
- Keep bank executives off Federal Reserve boards;
- Stop banks from picking the credit agency that rates them;
- Close tax loopholes for hedge fund managers, fairly tax wealthy estates, and “ensure millionaires can no longer pay a lower rate than their secretaries”;
- Use revenue from those closed tax loopholes to build infrastructure and create jobs;
- Allow the United States Postal Service to offer “affordable banking options”—hey! We talked about that good idea back in October as a way that the Sanders revolution could get South Dakotans out of the traps set by the payday lenders!
Sanders may lose the nomination and come out a big winner on policy. Heck of a trick, Bernie!