Sen. Bernie Sanders is leading the polls in New Hampshire. His campaign raised $33 million in the fourth quarter of 2015. Why isn't he gaining more traction?
You might call it a case of "if you didn't hear it the first time, I'll say it again."
Sen. Bernie Sanders returned to his native New York yesterday to deliver an address billed as an important step for his campaign — returned not just to the city, but to the same Manhattan stage where he held a spirited rally and fundraiser in September.
Since the terror attacks in Paris, the presidential campaign has been dominated by national security issues. The Democratic Party debates have been buried on busy weekends. Sanders' signature issue — inequality caused by Wall Street — is being hijacked by the Hillary Clinton campaign.
At Sanders' first appearance at the Town Hall performance space on 43rd Street, he barely mentioned Clinton. Yesterday, he was on the attack.
Back to basics
Sanders' take on the recent history of finance is one-part history lesson, one-part morality tale.
As he tells it, Congress believed it could trust Wall Street, and in 1999 repealed the Glass-Steagall Act, which had kept commercial and investment banking separate since the aftermath of the Great Depression.
In 2008, the economy nearly collapsed.
"Greed, fraud, dishonesty and arrogance — these are some of the words that best describe the reality of Wall Street today," Sanders said to a receptive full-house crowd that frequently interrupted the senator with calls of support.
Within a year of becoming president, he promised, he'd break up banks whose failure would be catastrophic for the economy. He'd also reinstate Glass-Steagall.
The implicit enemy in all this: Clinton, who Sanders claims would only tinker with the current system. Comprehensive overhauls are needed, he says.