Obama suggests Sanders' economic ideas are unrealistic
Sen. Bernie Sanders' plan to break up the big banks in the name of economic stability isn't realistic, suggested President Obama in an interview about his economic legacy published online by The New York Times Magazine on Thursday.
"It is true that we have not dismantled the financial system [like Sanders proposes], and in that sense, Bernie Sanders' critique is correct," Obama remarked. "But one of the things that I've consistently tried to remind myself during the course of my presidency is that the economy is not an abstraction," he added. "It's not something that you can just redesign and break up and put back together again without consequences."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Political cartoons for December 24Cartoons Wednesday's political cartoons include Christmas in Greenland, grinchflation, and California floods
-
Is there a Christmas truce in the Starmer farmer ding-dong?Today’s Big Question There’s an ‘early present’ for farmers but tensions between Labour and rural communities remain
-
The history of US nuclear weapons on UK soilThe Explainer Arrangement has led to protests and dangerous mishaps
-
CBS pulls ‘60 Minutes’ report on Trump deporteesSpeed Read An investigation into the deportations of Venezuelan migrants to El Salvador’s notorious prison was scrapped
-
Trump administration posts sliver of Epstein filesSpeed Read Many of the Justice Department documents were heavily redacted, though new photos of both Donald Trump and Bill Clinton emerged
-
Trump HHS moves to end care for trans youthSpeed Read The administration is making sweeping proposals that would eliminate gender-affirming care for Americans under age 18
-
Jack Smith tells House of ‘proof’ of Trump’s crimesSpeed Read President Donald Trump ‘engaged in a criminal scheme to overturn the results of the 2020 presidential election,’ hoarded classified documents and ‘repeatedly tried to obstruct justice’
-
House GOP revolt forces vote on ACA subsidiesSpeed Read The new health care bill would lower some costs but not extend expiring Affordable Care Act subsidies
-
Hegseth rejects release of full boat strike footageSpeed Read There are calls to release video of the military killing two survivors of a Sept. 2 missile strike on an alleged drug trafficking boat
-
Trump vows naval blockade of most Venezuelan oilSpeed Read The announcement further escalates pressure on President Nicolás Maduro
-
Kushner drops Trump hotel project in SerbiaSpeed Read Affinity Partners pulled out of a deal to finance a Trump-branded development in Belgrade
