Why Democrats Need Wall Street

Why Democrats Need Wall Street
AP Photo/Mark Lennihan, File

Many of the most prominent voices in the Democratic Party, led by Bernie Sanders, are advocating wealth redistribution through higher taxes and Medicare for all, and demonizing banks and Wall Street.

Memories in politics are short, but those policies are vastly different from the program of the party's traditional center-left coalition. Under Bill Clinton, that coalition balanced the budget, acknowledged the limits of government and protected the essential programs that make up the social safety net.

 

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