PRESS RELEASE

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Biden Says He Was For It After He Was Against It: Glass-Steagall

Feb. 21. 2016 (EIRNS)—In an interview with the Washington Post and Politico aboard Air Force Two last Friday, Feb. 19, Vice President Joe Biden let it slip that he is now for what he previously was against: Glass-Steagall.

The Post headed reporter Jim Tankersley’s article,

“In interview, Biden suggests Obama’s Supreme Court pick shouldn’t be too liberal.” Then, midway through the piece, he writes,

“Biden, who passed on a presidential run of his own late last year, said he continues to speak with both [Hillary] Clinton and Sanders, and that he is not picking a favorite in the race. He embraced several themes that Sanders, in particular, has seized upon, lamenting the growth of economic inequality and the influence of money in politics.

“Echoing Sanders and many other liberal Democrats, he said he would like to reinstate Glass-Steagall, a longstanding banking regulation that Biden voted to repeal in the 1990s. He noted that a single-payer health care system, which Sanders proposes, was ‘the President’s position initially. It was Hillary’s.”’

Elsewhere Tankersley reports,

“Biden complained that the Democratic candidates to succeed Obama as President, Hillary Clinton and Bernie Sanders, were downplaying the success of the economic recovery on Obama’s watch. ‘It’s a big mistake,’ he said.”