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2016 Postmortem
Related: About this forumWall Street Uses the Third Way to Lead Its Assault on Social Security
Let me attempt again to make the basic facts clear. Third Way is not a liberal think tank. It does not take a centrist approach. It is not run by fellow progressives. It is not concerned with protecting entitlements. It is not even a think tank. Third Way is a creature of Wall Street. Its version of protecting the safety net was made infamous during the Tet offensive in Viet Nam when the American officer explained that it became necessary to destroy the village in order to save it. Third Way is the Wall Street wing of the Democratic Party, which seeks to defeat Democratic candidates like Elizabeth Warren running against Wall Street sycophants like Senator Scott Brown and seeks to unravel the safety net programs that are the crown jewels of the Democratic Party. Wall Streets natural party is certainly the Republican Party, but Wall Street has no permanent party or ideology, only permanent interests. Third Way serves its financial interests and the personal interests of its senior executives. Wall Street has always been the enemy of Social Security and its greatest dream is to privatize Social Security. Wall Streets senior executives live in terror of being held accountable under the criminal laws for their crimes. They became wealthy by leading the control frauds that drove the financial crisis and the Great Recession. This is why Wall Street made defeating Warren a top priority.
Third Way is run by a man who Laursen terms an acolyte of Pete Peterson. Peterson is a Republican, Wall Street billionaire who has two priorities imposing austerity on America and privatizing Social Security. Privatizing Social Security is Wall Streets unholy grail. They would receive hundreds of billions of dollars in fees and ensure that their firms were not only too big to fail, but too big to criticize if they could profit from a privatized retirement system. (We do not know who funds Third Way because it refuses to make its donors public. Given who dominates its Board of Trustees, however, the donors must be overwhelmingly from Wall Street.)
Third Ways self-description has some elements of honesty, admitting that it is led by a prominent private sector Board of Trustees, drawn from finance, industry, academia, the non-profit sector and government. The order is revealing the board is dominated by finance, with a thin veneer provided by industry, and with the barest patina of academics and government.
http://www.truth-out.org/opinion/item/12778-wall-street-uses-the-third-way-to-lead-its-assault-on-social-security
Third Way is run by a man who Laursen terms an acolyte of Pete Peterson. Peterson is a Republican, Wall Street billionaire who has two priorities imposing austerity on America and privatizing Social Security. Privatizing Social Security is Wall Streets unholy grail. They would receive hundreds of billions of dollars in fees and ensure that their firms were not only too big to fail, but too big to criticize if they could profit from a privatized retirement system. (We do not know who funds Third Way because it refuses to make its donors public. Given who dominates its Board of Trustees, however, the donors must be overwhelmingly from Wall Street.)
Third Ways self-description has some elements of honesty, admitting that it is led by a prominent private sector Board of Trustees, drawn from finance, industry, academia, the non-profit sector and government. The order is revealing the board is dominated by finance, with a thin veneer provided by industry, and with the barest patina of academics and government.
http://www.truth-out.org/opinion/item/12778-wall-street-uses-the-third-way-to-lead-its-assault-on-social-security
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Wall Street Uses the Third Way to Lead Its Assault on Social Security (Original Post)
FreakinDJ
Feb 2016
OP
djean111
(14,255 posts)1. And the Third Way advises that DINO nest - the New Democrat Coalition.
No more votes or support from me, for any of them.
kristopher
(29,798 posts)3. K&R w/ a thank you.