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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsPopulists Press Democrats to Ease Clinton-Era Embrace of Bankers
Populists Press Democrats to Ease Clinton-Era Embrace of Bankers
12/19/14
When populist Democrats such as Senator Elizabeth Warren complain about the consequences of Wall Street influence on government policy, heres what they mean:
Since the March 2009 depths of the credit crisis, the KBW Bank stock index, which includes the nations largest financial companies, has gained 297 percent. During that same period, workers inflation-adjusted average hourly earnings have actually fallen.
Warrens anti-bank revolt -- which almost derailed a government spending bill and may yet cost investment banker Antonio Weiss a top Treasury Department job -- signals a widening split among Democrats over economic policy.
Were seeing the same sort of division in the Democratic Party now that we saw throughout the 1980s, said Stuart Rothenberg, a political analyst. Between the Clinton pragmatists and the true believers.
Even if Warren doesnt challenge presumed Democratic presidential frontrunner Hillary Clinton, the former Harvard professors popularity among the grass-roots threatens the continuation of the business-friendly policies that originated two decades ago with Robert Rubin, a former Goldman Sachs (GS:US) and Citigroup executive who served as Treasury secretary. ...
http://www.businessweek.com/news/2014-12-19/populists-press-democrats-to-ease-clinton-era-embrace-of-bankers
12/19/14
When populist Democrats such as Senator Elizabeth Warren complain about the consequences of Wall Street influence on government policy, heres what they mean:
Since the March 2009 depths of the credit crisis, the KBW Bank stock index, which includes the nations largest financial companies, has gained 297 percent. During that same period, workers inflation-adjusted average hourly earnings have actually fallen.
Warrens anti-bank revolt -- which almost derailed a government spending bill and may yet cost investment banker Antonio Weiss a top Treasury Department job -- signals a widening split among Democrats over economic policy.
Were seeing the same sort of division in the Democratic Party now that we saw throughout the 1980s, said Stuart Rothenberg, a political analyst. Between the Clinton pragmatists and the true believers.
Even if Warren doesnt challenge presumed Democratic presidential frontrunner Hillary Clinton, the former Harvard professors popularity among the grass-roots threatens the continuation of the business-friendly policies that originated two decades ago with Robert Rubin, a former Goldman Sachs (GS:US) and Citigroup executive who served as Treasury secretary. ...
http://www.businessweek.com/news/2014-12-19/populists-press-democrats-to-ease-clinton-era-embrace-of-bankers
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Populists Press Democrats to Ease Clinton-Era Embrace of Bankers (Original Post)
RiverLover
Dec 2014
OP
They should be in jail. Just as an aside, here's an interesting ex of how some people interpret
RiverLover
Dec 2014
#2
True. "pragmatist" or "centrist" is code for rethug lite/rethug/DINO third way. nt
RiverLover
Dec 2014
#4
tk2kewl
(18,133 posts)1. Ease embrace?
How about prosecute?
RiverLover
(7,830 posts)2. They should be in jail. Just as an aside, here's an interesting ex of how some people interpret
criticism of Obama.
We say he isn't liberal enough, too cozy with big banks, so simpletons think that~
I see ^^^ here sometimes.
Scuba
(53,475 posts)3. Spin alert! "Clinton pragmatists" vs. "True Believers".
RiverLover
(7,830 posts)4. True. "pragmatist" or "centrist" is code for rethug lite/rethug/DINO third way. nt