'Third Way'... Makes Comments On Elizabeth Warren

[WillyT]

Last edited Fri Jan 9, 2015, 01:38 AM - Edit history (2)

Sen. Warren’s Main Street Crusade to Pressure Clinton
She isn’t running for president unless lightning strikes, but there’s something she’s already won—influence over financial appointments.
Eleanor Clift - DailyBeast
01.08.15

<snip>

Should lightning strike and Hillary Clinton forgoes a presidential run, Democrats have a nominee in waiting. Elizabeth Warren’s shadow campaign is taking shape on Capitol Hill as Clinton moves closer to a decision that will highlight the divide in their party between Main Street and Wall Street.

Warren may never formally enter the race. She doesn’t want to be a spoiler, and Clinton’s commanding lead in surveys of Democrats (66 percent) suggests a better way to influence the debate and move Clinton as the nominee to a more populist left, is for Warren to use her power within the party as a freshman senator to inflame or blow up issues to advance her agenda.

Warren never shrinks from a fight where she believes she’s on the side of the little guy. She’s been known to say, “I love throwing rocks,” sometimes even when she’s cautioned against repercussions. Her stand against the nomination of investment banker Antonio Weiss to a top position at the Treasury Department stalled the appointment and created bad blood with the White House, forcing President Obama to re-nominate him in the new Congress.

“They believe in Weiss, and they don’t want to be pushed around on this,” says Matt Bennett, a co-founder of Third Way, a centrist Democratic group. Weiss is likely to get confirmed even as Warren and a handful of other progressive Democrats vote no. But Warren’s very public fight against the influence of Wall Street within the administration bloodied the White House, and key aides are less likely to cut her out of the loop again on key appointments, having just experienced how much grief she can cause for Obama with his Democratic base.

The fight over Weiss teed up a nomination more to Warren’s liking when Obama announced on Tuesday that Allan Landon, the former CEO of Bank of Hawaii, would fill one of two vacancies on the Federal Reserve Board of Governors. Landon led a bank with under $10 billion assets, a far cry from the too-big-to-fail investment behemoths that populate Wall Street. Camden Fine, president and CEO of the Independent Community Banks of America, lauded the choice of Landon, noting that because of the backlash on Weiss, “The White House is worried enough on the Federal Reserve they’ve called me three times in the last few days vetting the nomination.”

Fine says his opposition to Weiss is nothing personal; it’s just that “community banks are pretty much fed up with every single senior post at the Treasury Department going to people right out of Wall Street.” Out of 16 assistant secretaries, 15 are former partners or senior executives of investment firms.

It’s cultural, he says, a pattern that goes back to the Clinton era of Robert Rubin and Larry Summers, and it’s been the accepted practice since...

<snip>

And...

“I don’t think it should shock the conscience that someone who is familiar with Wall Street is good for that job. He’s not someone you go to the mattresses over, he’s the wrong target,” says Third Way’s Bennett. “There’s enormous hunger in the party to hang on to the White House, particularly after losing Congress, and that tends to make people get pretty practical.”

More: http://www.thedailybeast.com/articles/2015/01/08/sen-warren-s-main-street-crusade-to-pressure-clinton.html#

[WillyT]

1. Kick !!!

[WillyT]

2. And Another...

[WillyT]

3. And Another...

[WillyT]

8. And A Late Night...

[Luminous Animal]

4. Give me a moment and I'll kick it again.

And likely, later again!

[WillyT]

5. ;)

[Luminous Animal]

6. Just so you know, there was a post on this earlier today but maybe not from the same source.

I've no problem with double posts. More eyes, you know.

And right back at you, WillyT.

[WillyT]

7. And To You L A...

Peace...

[neverforget]

9. K & R!

[Scuba]

10. Weiss is likely to get confirmed even as Warren and a handful of other progressive Democrats vote no

But, but, but we're told over and over that EW can be more effective as a Senator than she could be as President.

[WillyT]

11. Yeah... Huh ???

[Hotler]

12. No third way. No third way. No third way.

Maybe it should be "No turd way."

[RiverLover]

13. 3rd Way is out to destroy Warren & disparage "populism"

...Third Way ignited a clash in December when its leaders essentially declared war on Warren in a guest column in the editorial pages of The Wall Street Journal, warning Democrats not to follow Warren and New York Mayor Bill de Blasio “over the populist cliff.”

Many on the left were shocked, and angered. Warren’s allies saw Third Way as a proxy — being used by her enemies on Wall Street to scare off the rest of the party.

“Wall Street is extremely good at pushing anybody that is critical of them as being populist, or know-nothings,” said Ted Kaufman, who temporarily served as an appointed US senator to replace Vice President Joseph R. Biden Jr., then succeeded Warren in leading a special congressional panel that oversaw the bank bailout.

For their part, Third Way representatives bristle at the idea they are doing the bidding of Wall Street power brokers.

With the income gap growing between most of the nation’s taxpayers and the wealthiest 1 percent, the battle is over how aggressively the party’s candidates — including, potentially, Hillary Clinton — will contrast themselves with Republicans on tax and economic issues in 2016.

The philosophy set out by Third Way will be part of that conversation.

The organization publicly discloses little about its funding. But a Globe examination of public documents and the backgrounds of its leadership offers a window into how some wealthy Wall Street and business interests — who contribute generously to Democratic candidates — have sought to tip the Democratic Party’s intellectual debate against populism....

http://www.bostonglobe.com/news/nation/2014/10/06/struggle-for-soul-democratic-party-pits-wall-street-backed-think-tank-against-elizabeth-warren/pYk3SXRnZDmpi7C7N4ZpXN/story.html

[WillyT]

14. Yes... Yes It Is...

[CTyankee]

16. Up against Elizabeth Warren I feel sorry for the Third Way...

She will punch back hard. I just read her new book and that woman is fearless!

That organization will be sorry it picked a fight with her...

[RiverLover]

18. I've GOT to read that book!

Thanks for sharing. Have heard that from others here. Will get it on Kindle today.

[CTyankee]

19. You won't be disappointed.

[marmar]

15. K/R

[nc4bo]

17. We fell for a "populist" "message" before under the banner of hope, change.

Many said primary time brings one type of meme, GE time always means the message means moving to the right but not to worry, our political champion would not forget his roots. :shrugs:

Instead we got nothing but obstruction from the GOP with continuous cries of bipartisanship from our side and wallstreet continues to do what wallstreet does best while main street continues to struggle and the fat fucking CEOs smother us all with their excesses.

Fuck this shit.

Don't ask me to believe one damn word that falls out of her mouth.

Know them by their actions.

We may not have known much about BHO but we kept our hopes up but we DO know Mrs. Clinton.

Not buying, won't be buying so don't even bother to ask me.

[WillyT]

20. Kick !!!