Hillary Clinton is lucky that she doesn’t throw her back out with all the flip-flopping she’s been doing.
The Democratic frontrunner appeared on The Late Show Tuesday where she discussed her birthday, television that she watches with Bill when he’s not with his alleged mistress “the energizer bunny,” and how she’s changed her view on the big banks.
She said the middle class does better when a Democrat was in the White House, saying the former President Bill Clinton left the economy in great shape and former President George W. Bush wrecked it.
Fact is that Bush inherited a weak economy because of the dot com crash from Bill, but facts have never been Hillary’s strong point.
Colbert asked her if she was running for her husband’s third term to which she said, “No, I’m running for my first term.”
Hillary mentioned several positions that she supports in order to improve the middle class including raising taxes on the wealthy, raising minimum wage, and reforming Wall Street. Her position on the later sounded a lot more like Sen. Bernie Sanders (I-Vt.) than herself when she was a senator.
“We don’t just have big banks in our economy that pull a lot of strings and make a lot of decisions,” Clinton continued. “Look at what happened in 08′, we had a big insurance company that had to be bailed out, we had an investment bank–Lehman Brothers that failed. We have to look at the whole financial system.”
The late night host then asked her is she would let the big banks fail this time.
“Yes, yes, yes, yes, yes, yes,” Clinton said. “First of all under Dodd-Frank that is what will happen because we now have stress tests, and I’m going to impose a risk feee on the big banks if they engage in risky behavior. They have to know, their shareholders have to know, that yes they will fail.”
She also said that banks that are too big to fail may have to be broken up.
In 2008 on the Senate floor, then Sen. Hillary Clinton voted in favor of the bank bailout and stated it was necessary.
“We are here in some respects because we failed to tackle a home mortgage crisis and now we are facing a market crisis, if we fail to tackle the market crisis we risk an even deeper economic crisis. I don’t think any of us want to see irresponsibility on Wall Street compounded by ineffectiveness in Washington, that’s why we must act, even as we do so with regret and reservations because we have little choice,” Hillary said on the Senate floor in 2008.
Sanders voted against the bank bailout, Hillary voted for it.
Watch a clip of Clinton’s appears with Colbert:
