If Socialist Candidate Bernie Sanders Was President, Here's What Would Happen to the U.S. Economy

If Sanders' policies deepen the budget deficit for many years down the road, that could impact the bond market and creditors, who in the face of uncertainty often drive up interest rates or simply stop giving out loans at all. Essentially, it could mean it would be more expensive to run the government, which could exacerbate any cost issues a Sanders budget might face. Former President Bill Clinton learned this lesson the hard way early in his tenure and was forced to prioritize deficit reduction instead of fulfilling his spending promises. In the Bob Woodward's 1994 book on Clinton The Agenda, the President is described as saying, "You mean to tell me that the success of the program and my reelection hinges on the Federal Reserve and a bunch of f------ bond traders?"

Friedman points out that a single payer health care program would also negatively impact the earnings of pharmaceutical companies, health insurers and hospital chains that in recent years have been among the best performers in the markets and have benefited from rising prices for their products and services, though it wouldn't put them under all together. Moreover, it could actually make other sectors more profitable, such as life insurance, if overall health improves and people live longer as a result of better access to health care. And Friedman estimates such a system would save the U.S. $600 billion a year. While still a net loss in the near-term, a Sanders-run health care system could potentially incur major savings over time.
The Wall Street Offensive
Wall Street probably wouldn't love a Sanders presidency, but he wouldn't mind, anyway. He has consistently cast the financial industry as the villain, blaming for income inequality, political corruption and racism.

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