"If" Bernie wins it's going to be fun watching his administration try to stop the money leaving the country...
THE FIRST YEAR OF PRESIDENT BERNIE SANDERS
What life will be like if Sanders wins.
February 8, 2016
Daniel Greenfield
On January 20, 2017, President Bernie Sanders was sworn into office. The elderly Vermont politician, who had always made waves, refused to use a bible, instead taking his oath on a smudged copy of his own economic five-year plan. He also unilaterally modified the presidential oath from “preserve, protect and defend” to “enhance, enrich and humanize the Constitution of the United States”.
The unlikely candidacy of Bernie Sanders had shocked and divided a party and then a nation.
President Sanders won the Democratic Party nomination by going far to the left and then, defying conventional wisdom, he moved even further to the left in the general election. Unable to retain the minority portion of the Obama coalition, many of whose leaders had been allied with Hillary Clinton and were still bitter over her loss and did little to help him, his victory relied heavily on youth voter turnout.
Voter turnout in America had been falling since the sixties. But in 2016, it fell below the 50% mark for the first time in history. When Bernie Sanders won a three-way election, only 43% of a weary nation came out to vote. And barely a fifth of the country voted for the first Socialist president.
The Sanders campaign had eschewed a slogan; instead it listed all the things that would be given away for free. Free health care, free college, free homes, free phones, free internet, free cars and free money for everyone. In the last week of the campaign, President Sanders had unveiled a guaranteed minimum income that would be paid to every individual in this country making Welfare-for-All into a reality.
The disappointment did not take long to arrive.
Much of the financial sector that Bernie Sanders had hoped to tax began vanishing as soon as the election results were in. New York’s loss was London and Singapore’s gain. A trillion dollars in investment capital left the United States creating a ripple effect that brought businesses to their knees.
The prices of milk and beef doubled. Ersatz bread made out of starch filled shelves while people waited on lines for the privilege of receiving government-subsidized milk from local welfare offices.
On the day that Bernie Sanders was sworn into office, clutching his economic plan, the Dow fell 2,000 points. Negative interest rates generated fear, instead of growth. "The trouble with Socialism is that eventually you run out of other people's money", Thatcher had said. The money had not run out, instead it had fled to safer harbors for capitalism. The plan to finance Socialism using Wall Street was a failure even before Sanders squatted on a shaky chair in the Oval Office for his first official photo.
President Sanders was not going to be deterred by mere math. He turned to China, which despite its own chain of collapses, was still willing to subsidize another left-wing White House’s fanciful finances. His first proposed budget was $10 trillion, more than three times the amount of Federal revenues.
There were more downgrades of US debt by credit ratings organizations that were safely outside the country, unlike their American cousins which had learned from S&P’s example to paste on a smile.
While there was no joy on what was left of Wall Street, there wasn’t much to celebrate elsewhere.
The ubiquitous t-shirts emblazoned with the implausibly smiling face of “Bernie” that had been everywhere on campuses vanished as free college became a nightmare. Public colleges had to go free, but the money wasn’t there forcing them to slash and gut the quality of their educational offerings.
Formerly prestigious colleges became glorified community colleges with drastically devalued degrees.
Struggling colleges, like struggling hospitals before them, shifted costs in creative ways, requiring that students purchase mandatory $1,000 textbooks and pay $25,000 mandatory student housing fees.
Free college suddenly became very expensive leading to campus protests and riots.
President Sanders announced that he stood with the rioting students and demanded the resignations of university boards and administrators he had no legal authority over. He got his way, but that only led to more chaos as radical insurgent boards eliminated science departments and sold off priceless manuscripts while taking out disastrous loans to finance unsustainable social justice programs.
In his first term in office, the prestigious public university had ceased to exist in the United States. Students flocked to overcrowded private institutions where tuition was now higher than ever.
...
The Democratic Party was irrevocably splitting apart with growing talk that the Progressive Caucus and President Sanders would form their own party. And if that failed, their own nation.
In the State of the Union, President Bernie Sanders warned Americans, “This is not a government. This is not a country. This is a people’s revolution. And we will not allow anyone to undermine our revolution.”
The First Year of President Bernie Sanders
THE FIRST YEAR OF PRESIDENT BERNIE SANDERS
What life will be like if Sanders wins.
February 8, 2016
Daniel Greenfield
On January 20, 2017, President Bernie Sanders was sworn into office. The elderly Vermont politician, who had always made waves, refused to use a bible, instead taking his oath on a smudged copy of his own economic five-year plan. He also unilaterally modified the presidential oath from “preserve, protect and defend” to “enhance, enrich and humanize the Constitution of the United States”.
The unlikely candidacy of Bernie Sanders had shocked and divided a party and then a nation.
President Sanders won the Democratic Party nomination by going far to the left and then, defying conventional wisdom, he moved even further to the left in the general election. Unable to retain the minority portion of the Obama coalition, many of whose leaders had been allied with Hillary Clinton and were still bitter over her loss and did little to help him, his victory relied heavily on youth voter turnout.
Voter turnout in America had been falling since the sixties. But in 2016, it fell below the 50% mark for the first time in history. When Bernie Sanders won a three-way election, only 43% of a weary nation came out to vote. And barely a fifth of the country voted for the first Socialist president.
The Sanders campaign had eschewed a slogan; instead it listed all the things that would be given away for free. Free health care, free college, free homes, free phones, free internet, free cars and free money for everyone. In the last week of the campaign, President Sanders had unveiled a guaranteed minimum income that would be paid to every individual in this country making Welfare-for-All into a reality.
The disappointment did not take long to arrive.
Much of the financial sector that Bernie Sanders had hoped to tax began vanishing as soon as the election results were in. New York’s loss was London and Singapore’s gain. A trillion dollars in investment capital left the United States creating a ripple effect that brought businesses to their knees.
The prices of milk and beef doubled. Ersatz bread made out of starch filled shelves while people waited on lines for the privilege of receiving government-subsidized milk from local welfare offices.
On the day that Bernie Sanders was sworn into office, clutching his economic plan, the Dow fell 2,000 points. Negative interest rates generated fear, instead of growth. "The trouble with Socialism is that eventually you run out of other people's money", Thatcher had said. The money had not run out, instead it had fled to safer harbors for capitalism. The plan to finance Socialism using Wall Street was a failure even before Sanders squatted on a shaky chair in the Oval Office for his first official photo.
President Sanders was not going to be deterred by mere math. He turned to China, which despite its own chain of collapses, was still willing to subsidize another left-wing White House’s fanciful finances. His first proposed budget was $10 trillion, more than three times the amount of Federal revenues.
There were more downgrades of US debt by credit ratings organizations that were safely outside the country, unlike their American cousins which had learned from S&P’s example to paste on a smile.
While there was no joy on what was left of Wall Street, there wasn’t much to celebrate elsewhere.
The ubiquitous t-shirts emblazoned with the implausibly smiling face of “Bernie” that had been everywhere on campuses vanished as free college became a nightmare. Public colleges had to go free, but the money wasn’t there forcing them to slash and gut the quality of their educational offerings.
Formerly prestigious colleges became glorified community colleges with drastically devalued degrees.
Struggling colleges, like struggling hospitals before them, shifted costs in creative ways, requiring that students purchase mandatory $1,000 textbooks and pay $25,000 mandatory student housing fees.
Free college suddenly became very expensive leading to campus protests and riots.
President Sanders announced that he stood with the rioting students and demanded the resignations of university boards and administrators he had no legal authority over. He got his way, but that only led to more chaos as radical insurgent boards eliminated science departments and sold off priceless manuscripts while taking out disastrous loans to finance unsustainable social justice programs.
In his first term in office, the prestigious public university had ceased to exist in the United States. Students flocked to overcrowded private institutions where tuition was now higher than ever.
...
The Democratic Party was irrevocably splitting apart with growing talk that the Progressive Caucus and President Sanders would form their own party. And if that failed, their own nation.
In the State of the Union, President Bernie Sanders warned Americans, “This is not a government. This is not a country. This is a people’s revolution. And we will not allow anyone to undermine our revolution.”
The First Year of President Bernie Sanders
