Did Bernie Sanders Predict the Panama Papers When He Opposed Clinton-Backed U.S.-Panama Trade Deal?
The Panama Papers leak, that reveals how the rich and powerful rely on a secretive law firm to hide their wealth in tax havens, has drawn attention to a 2011 speech by Senator Bernie Sanders against the Panama-United States Trade Promotion Agreement, which became law in 2012. He noted that Panama’s entire economic output at the time was so low that the pact seemed unlikely to benefit American workers. The real reason for the agreement, Sanders argued, is that "Panama is a world leader when it comes to allowing wealthy Americans and large corporations to evade taxes." Sanders said the trade agreement "will make this bad situation much worse." We get reaction from Michael Hudson, senior editor at the International Consortium of Investigative Journalists, which published the Panama Papers, and Frederik Obermaier, investigative reporter at Germany’s leading newspaper, the Munich-based SÃ¼ddeutsche Zeitung. He is co-author of the book "Panama Papers: The Story of a Worldwide Revelation."
Watch: Democracy Now!'s analysis of Senator Bernie Sanders' speech in 2011