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Wed Jun 8, 2016, 12:44 PM

Wasserman Schultz Has a Change of Heart, But Too Little, Too Late by Bill Moyers and Michael Kinship

Return with us now to the saga of Debbie Wasserman Schultz and the soul of the Democratic Party. First, a quick recap: Rep. Wasserman Schultz (D-FL), chair of the Democratic National Committee, also has been an advocate for the payday loan industry. The website Think Progress even described her as the “top Democratic ally” of “predatory payday lenders.” You know — the bottom-feeding bloodsuckers of the working poor. Yes, them.


Low-income workers living from paycheck to paycheck, especially women and minorities, are the payday lenders’ prime targets — easy pickings because they’re often desperate. Twelve million Americans reportedly borrow nearly $50 billion a year through payday loans, at rates that can soar above 300 percent, sometimes even beyond 500 percent. Bethany McLean at The Atlantic recently reported that the government’s Consumer Financial Protection Bureau (CFPB) studied millions of payday loans and found that “67 percent went to borrowers with seven or more transactions a year and that a majority of those borrowers paid more in fees than the amount of their initial loan.”


Yet when the CFPB was drawing up new rules to make it harder for payday predators to feast on the poor, Rep. Wasserman Schultz co-sponsored a bill to delay those new rules by two years. How, you ask, could the head of the party’s national committee embrace such an appalling exploitation of working people? Just follow the money. Last year, the payday loan industry spent $3.5 million lobbying; and as we wrote two weeks ago, in Wasserman Schultz’s home state, since 2009, payday lenders have bought protection from Democrats and Republicans alike by contributing $2.5 million or so to candidates from both parties, including her. That’s how “Representative” Wasserman Schultz, among others, wound up representing the predators instead of the poor. ...


Democratic insiders like Wasserman Schultz, however, continued to whistle past the graveyard, believing that the well-funded and well-connected Clinton machine — and general fear of a Trump regime — were enough to carry them to victory in November, despite the grass-roots disgust with a party that reeks of rot from the top. Once the champions of people who came home from work with hands dirty from toil and sweat, too many establishment Democrats went over to the dark side, taking up the cause of the well-manicured executives (think: Goldman Sachs) who write the checks and the mercenaries who deliver them (for a substantial cut, of course).


The lust for loot which now defines the Democratic establishment became pronounced in the Bill Clinton years, when the Clinton-friendly Democratic Leadership Council (DLC) abandoned its liberal roots and embraced “market-based solutions” that led to deregulation, tax breaks, and subsidies for the 1 percent. Seeking to fill coffers emptied by the loss of support from a declining labor movement, Democrats rushed into the arms of big business and crony capitalists. ...


All well and good, but if she survives her primary to return to Washington, be sure to keep the lights on in those rooms where the final version of the rules are negotiated. A powerful member of Congress with support from a Democrat in the White House could seriously weaken a law or a rule when the outcome is decided behind closed doors and money whispers in the ear of a politician supplicant: “I’m still here. Remember. Or else.”


But the times, they really may be a-changing, as the saga of Wasserman Schultz reveals. You can be deaf to the public’s shouts for only so long. The insurgency of popular discontent that has upended politics this year will continue no matter the results in November. For much too long now it’s been clear that money doesn’t just rule democracy, it is democracy.


Until we prove it isn’t.


http://www.commondreams.org/views/2016/06/08/wasserman-schultz-has-change-heart-too-little-too-late

14 replies, 2959 views

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Arrow 14 replies Author Time Post
Reply Wasserman Schultz Has a Change of Heart, But Too Little, Too Late by Bill Moyers and Michael Kinship (Original post)
kadaholo Jun 2016 OP
Javaman Jun 2016 #1
aikoaiko Jun 2016 #2
disillusioned73 Jun 2016 #6
phazed0 Jun 2016 #12
TryLogic Jun 2016 #3
Jack Rabbit Jun 2016 #4
Omaha Steve Jun 2016 #5
eppur_se_muova Jun 2016 #7
greiner3 Jun 2016 #10
eppur_se_muova Jun 2016 #14
blackspade Jun 2016 #8
ChisolmTrailDem Jun 2016 #9
wendylaroux Jun 2016 #11
bjobotts Jun 2016 #13

Response to kadaholo (Original post)

Wed Jun 8, 2016, 02:17 PM

1. she only changed her mind when it became politically untenable for her to continue her support.

if she gets reelected, you can bet your bottom dollar that she will resume he previous position.

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Response to kadaholo (Original post)

Wed Jun 8, 2016, 02:28 PM

2. Unfortunately, Obama has publicly stated he supports her.


Speaking at a Democratic National Committee fundraiser in Miami on Friday, President Barack Obama expressed his support for his party's embattled chairwoman — Florida Rep. Debbie Wasserman Schultz.

"She's had my back, I want to make sure we have her back,” he said.


Wasserman Schultz has faced blistering criticism in recent weeks, with some insiders speculating she could be ousted before the convention in July amid a drawn-out Democratic primary battle between Hillary Clinton and Bernie Sanders. Sanders has accused Wasserman Schultz of bias toward Clinton — and has endorsed her primary challenger, law professor Tim Canova.

Read more: http://www.politico.com/story/2016/06/obama-wasserman-schultz-dnc-223905#ixzz4B0v7Xy41


That's the kind of establishment response that drives some people nuts.

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Response to aikoaiko (Reply #2)

Wed Jun 8, 2016, 02:45 PM

6. And we can't criticize him...

 

cause you know what that says about us...

Even though some of us are minorities as well... that's the real kicker

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Response to aikoaiko (Reply #2)

Wed Jun 8, 2016, 03:47 PM

12. As does Hillary... but can't say anything negative here, now. nt

 

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Response to kadaholo (Original post)

Wed Jun 8, 2016, 02:33 PM

3. We need to "Bern the System" -- the money-owned political establishment.

Money is not speech.

Corporations are not persons.

Bring back democracy.

etc. etc. etc.

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Response to kadaholo (Original post)

Wed Jun 8, 2016, 02:40 PM

4. Right on

Thank you.

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Response to kadaholo (Original post)

Wed Jun 8, 2016, 02:42 PM

5. FIRE DWS! Donate to Democratic Underground for Tim Canova FL-23 here


Donate to Democratic Underground for Tim Canova FL-23 HERE: https://secure.actblue.com/contribute/page/du4timcanova

On June 7th, 2016 you made a difference by raising funds at ActBlue.
Your contribution forms

Democratic Underground for Tim Canova FL-23 1 new contribution, totaling $27.00


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Response to kadaholo (Original post)

Wed Jun 8, 2016, 03:02 PM

7. Would this post be allowed under the new DU rules ? nt

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Response to eppur_se_muova (Reply #7)

Wed Jun 8, 2016, 03:37 PM

10. You question because she's got Obama's back

 

She's Hillart's bff or Skinner has a lot riding on Hillary getting nominated (yeah yeah) or Tim is not a DC insider or Payday loans are vital to the DNC or have I missed something

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Response to greiner3 (Reply #10)

Wed Jun 8, 2016, 06:47 PM

14. Forum Rules (Draft): "Don't bash Democratic public figures"

Don't bash Democratic public figures
Do not post disrespectful nicknames, insults, or highly inflammatory attacks against any Democratic public figures. Do not post anything that could be construed as bashing, trashing, undermining, or depressing turnout for any Democratic general election candidate, and do not compare any Democratic general election candidate unfavorably to their general election opponent(s).

Why we have this rule: Our forum members support and admire a wide variety of Democratic politicians and public figures. Constructive criticism is always welcome, but our members don't expect to see Democrats viciously denigrated on this website. This rule also applies to Independents who align themselves with Democrats (eg: Bernie Sanders).

http://www.democraticunderground.com/?com=view_post&forum=1013&pid=6548


But I'm sure what you posted is really, really relevant too ... bless your heart.

And I'm sure you've missed quite a lot.

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Response to kadaholo (Original post)

Wed Jun 8, 2016, 03:15 PM

8. Well, I guess her primary challenger hit a soft spot!

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Response to kadaholo (Original post)


Response to kadaholo (Original post)

Wed Jun 8, 2016, 03:46 PM

11. A change of heart? haaaaa!!!!!!

that's funny .dws wants to be a 1% like her bff hc.

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Response to kadaholo (Original post)

Wed Jun 8, 2016, 03:50 PM

13. Well said but this is what Clinton supporters refuse to hear Though they complain

 

when it is said. The DLC ruined our party pushing it closer to the Money Party

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