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Kirsten Gillibrand Proposes Post Office Banking For All - YouTube
Channel: The Young Turks
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IF YOU HAVE A BANK ACCOUNT OR IF
YOU HAVE ACCESS TO BANKING
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IF YOU WANTED TO BANK YOU MIGHT
BE SURPRISED TO FIND OUT
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THAT FOR MANY AMERICANS THEY
DON'T HAVE ACCESS TO THAT.
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IT CAN BE A FINANCIALLY
CRIPPLING BURDEN TO NOT BE ABLE
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TO ACTUALLY GO TO A BANK,
OPTIONS YOU HAVE TO TURN TO
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OUR INCREDIBLY COSTLY.
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THEY SPEND A LOT OF LOBBYING
MONEY TO KEEP IT THAT WAY.
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BUT THERE ARE SOME IDEAS THAT
COULD FIX THIS PROBLEM.
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SEN.
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KRISTIN GILLIBRAND HAS A
PROPOSAL THAT WAS RELEASED TODAY
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THAT FOLLOWS SOME THINKING THAT
COULD POSSIBLY FIX A PROBLEM.
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YOU WOULD
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BE ADDING ON
EXISTING SERVICES TO A VERY
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AVAILABLE SERVICE.
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AND IN PARTICULAR THE UN-BANKED
RATE 帽 WHILE THIS WOULD HELP
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MANY AMERICANS, IT COULD
ACTUALLY BE MORE HELPFUL.
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BERNIE SANDERS HAS BEEN
PROPOSING SOMETHING LIKE
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THIS FOR YEARS.
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HE WAS ON VICE A WEEK AGO.
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>> I'M GOING TO GIVE YOU A
COUPLE MORE NUMBERS AND TELL YOU
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THAT THE NUMBERS IS $375.
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BY THE TIME THEY PAY
BACK, THEY HAVE $520
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IN INTEREST AND FEES ON TOP OF
THE 375 THEY HAVE TO RETURN.
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THAT IS BACKBREAKING.
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ANNUAL INCOME IS 25,000 帽
THEY SPEND NEARLY 10%
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ON THEIR INCOME ON JUST PAYING
BACK MONEY.
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IN THIS CASE INSTEAD OF PAYING
HUNDREDS OF PERCENTAGES IN
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INTEREST THAT THEY GET, WHICH IS
UNBELIEVABLE, USED TO BECAUSE
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LOANSHARKING, NOT THE POST
OFFICE IF THEY DO IT THERE IT
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WOULD BE A LITTLE ABOVE 2%.
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DO YOU HAVE ANY IDEA WHAT KIND
OF MONEY THAT WOULD SAVE?
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IT COULD CHANGE THEIR LIVES.
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INSTEAD OF LOSING 10% OF THEIR
INCOME TO PAYING BACK INTEREST
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AND FEES TO PAY A REASONABLE
INTEREST.
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LOOK AT ALL THE SENATORS
COMPETING HAVING MORE AND MORE
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PROGRESSIVE POLICY POSITIONS.
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REMIND ME AGAIN WHO WAS GOING TO
WIN THE PRIMARIES?
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THE IDEA WAS
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THAT THE ESTABLISHMENT WILL
REASSERT ITSELF AND THE VOTERS
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OF THE DEMOCRATIC PARTY ARE NOT
REALLY THAT PROGRESSIVE,
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REMEMBER HILLARY CLINTON ALSO
WANTED CORPORATE TAX CUTS.
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THE IDEA IS THAT THAT IS WHAT
DEMOCRATS WANT.
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THAT IDEA HAS BEEN DEFEATED.
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IT DOESN'T MEAN THEY ARE NOT
GOING TO DO IT ONCE THEY
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GET INTO OFFICE.
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I AM NOT NA艙VE BUT RIGHT NOW
EVERYONE WHO WAS THINKING OF
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RUNNING FOR PRESIDENT, THEY ARE
ALL COMPETING TO BE MORE
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PROGRESSIVE.
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>>YEARS OUT FROM THE PRIMARY.
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>> SO IT TURNS OUT THE VOTERS
DID WANT A PROGRESSIVE SO THE
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ESTABLISHMENT WAS WRONG AND ONCE
AGAIN WE WERE RIGHT.
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IF WE WERE NOT RIGHT DO YOU
THINK GILLIBRAND BOOKER WOULD
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BE RUSHING TO THE LEFT?
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THE REASON WHY I THINK THE STORY
IS SO MUCH A WATERSHED MOMENT IS
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BECAUSE THIS IS NOT FAKE
PROGRESSIVE, THIS IS ACTUAL
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PROGRESSIVE.
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WHY DON'T I PASS
SOMETHING THAT IS POPULAR?
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IT
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WILL HELP ME GET ELECTED AND BE
GOOD FOR MY CONSTITUENTS.
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>>SO YOU HAVE UNPOPULAR VIEWS SO
WE NEED CORPORATE MONEY TO RUN
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ADS TO FOOL PEOPLE TO GETTING
YOU INTO OFFICE.
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WHY DON'T YOU DO WHAT PEOPLE
WANT THEN YOU DON'T NEED THE
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MONEY AT ALL?
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>> SO THIS IS帽 I BELIEVE
THIS IS
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NOT JUST PRETENDING ANYMORE.
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WE HAVE REACHED A MOMENT WHERE
THEY HAVE ACTUALLY BECOME
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PROGRESSIVES.
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THIS IS A GREAT BILL, SHE HAS
HER NAME ON IT.
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LET'S SAY GILLIBRAND GOES ALL
THE WAY THROUGH AND RUNS FOR
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PRESIDENT NOW SHE WOULD HAVE TO
PROPOSE THIS, IT IS ONE OF
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THEIR SIGNATURE PROPOSALS.
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>>EITHER WAY WE WILL CONTINUE TO
WATCH HER, IT IS OUR JOB.
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>> OF COURSE WE WILL STAY ON
THEM BUT ALSO CREDIT WHERE
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CREDIT IS DUE.
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IT TURNS OUT WE WERE RIGHT ABOUT
THE VOTERS AND NOW HAVE TO COME
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CATER TO YOU, WHICH IS A GREAT
PLACE
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TO BE.
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