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xchrom

(108,903 posts)
Tue Nov 11, 2014, 07:20 AM Nov 2014

Why the Dems' Post-Election Recipe of Getting Even Cozier with the Banks Will Lead to More Disaster

http://www.alternet.org/why-dems-post-election-recipe-getting-even-cozier-banks-will-lead-more-disaster

After the Democrats' drubbing in the 2014 midterm elections, there have been fervent debates about whether the Party should embrace an economic populism to tap pocketbook frustrations -- or move further to the center in the hopes of capturing more independents.

One thing the Democrats did throughout Obama's nearly six years was move closer to Wall Street -- from the economic team Obama appointed, to the administration's premature embrace of deficit reduction promoted by financial moguls, to a bailout plan that shored up the biggest banks rather than breaking them up.

It was this coziness with big finance that allowed the far-right Tea Party movement to paint Wall Street and Washington with the same brush -- and to capture much of the populist rage on display against Democrats in the 2010 midterms and once again on November 4.

So the last thing Democrats need going forward is an even closer affinity with Wall Street, right? Well, the Democrats may soon get even cozier.
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RiverLover

(7,830 posts)
1. Holy crap.
Tue Nov 11, 2014, 07:35 AM
Nov 2014

This is just scary.

From linked article~

"With current DCCC Chair Steve Israel (D-NY) stepping down, House Democratic Leader Nancy Pelosi will shortly name a new chair. One of the people running hard for the job is Congressman Jim Himes of Greenwich, Connecticut -- hedge fund country. Rep. Himes' former job, before taking his seat in 2009, was Vice President of Goldman Sachs. Of all Democrats in the House, he is probably closest to Wall Street.

As a member of the powerful House Financial Services Committee, one of Himes' prime goals has been looking out for the interests of hedge funds, private equity companies and other shadowy parts of the financial system, as well as big banks. Himes is a prime sponsor of a bill, H.R. 1105, which would exempt hedge funds and private equity companies from key disclosure protection provisions of the Dodd-Frank Act."

Please tell me WHY so many republicans are pretending to be Democrats???

 

jtuck004

(15,882 posts)
7. "Please tell me WHY so many republicans are pretending to be Democrats?" Look over there. Would
Tue Nov 11, 2014, 09:17 AM
Nov 2014

you want to sit with them?

Besides, it takes a special something to inflate the assets of the wealthy while denying opportunity to 50 million Americans in poverty, ten million of whom dropped into poverty after you came into office, along with the tens of millions who now live in near poverty, to the point that 1 in 4 of their children don't have enough food. Children who will, almost certainly, now live the rest of their lives in poverty as well. And then try to pretend it is anything other than bad policy.

These people seem to have it.

zeemike

(18,998 posts)
11. Your WHY question is of course rhetorical
Tue Nov 11, 2014, 10:21 AM
Nov 2014

Because we all know why people infiltrate the enemy camp...and we are the enemy.

I saw a video of the Democratic party chairwoman in Florida...she was one involved in the 2000 election theft on the side of Bush and has a long history of being a right winger...but she is our party chair in Florida?

They own both parties, plain and simple.

newfie11

(8,159 posts)
2. If this continues the olagargs win
Tue Nov 11, 2014, 08:05 AM
Nov 2014

Everything is set up against a real election.
The massive money, the Supreme Court, and add the stupidity of the general population we are screwed.

TPP will complete the screwing.

 

Scuba

(53,475 posts)
3. The new Democrats are the old Republicans. We either wrest control of the party from them, or ...
Tue Nov 11, 2014, 08:16 AM
Nov 2014

... we shall surely perish.

INdemo

(6,994 posts)
8. No we organize a new progressive party
Tue Nov 11, 2014, 09:37 AM
Nov 2014

We should have started that process last week.
The DNC is broke ,no mone,, the DSCC and the DCCC is even worse financially. So we start a progressive party and real Democrats will fund it because I don't expect to see many checks going to the DNC for those Republican lites

INdemo

(6,994 posts)
13. To add to that
Tue Nov 11, 2014, 03:37 PM
Nov 2014

How long or I should say how much longer are Democratic Voters going to make excuses for the DNC and the Democrats in Congress.
Just like in 2010 when we got our ass kicked Democrats sat around and made their own excuses as to what went wrong in the House.
Now they are using the same bookmarked page full of excuses.
(Democrats keep repeating over and over)" Hillary is the one no one can defeat her"
Bullshit Hiiary would be just another stepping stone for our country to be completely taken over by the corporatists,
So its either we organize a real progressive party that will bring back the real Democratic Progressive voter than we will continue to get our ass kicked

MisterP

(23,730 posts)
14. thing is, *they* won't be doing any perishing
Tue Nov 11, 2014, 04:16 PM
Nov 2014

sure, they get massive contributions whether they win or lose, but enough liberal members and fickle swing voters will ensure the party totters on without falling into permanent-minority status

there'll be pretty language to appeal to what voters want, and fingerpointing and the creation of issues so that one party or the other can claim that issue, but *representativeness* in the sense of doing what the people (rather than just the elite) need is going to cause some sort of crisis by, say 2030

neoliberalism is literally based on Pinochet's economics, and the Dems did nothing to roll it back (or even bring the public's attention to this economic framework within which politics today operates) with the WH and a Supermajority: sure it smooths out depressions into recessions, but it's a fundamentally different, er, dispensation from the postwar-boom economy (which was based on cooptation of labor, cost-plus budget padding in the MIC, naivete on the environment, redlining to keep the benefits whites-only, Fordist materialism, cornucopian belief that resources were boundless, a crude postwar clampdown on minorities, radicals, gays, and women, naked neocolonialism south of the 30th Parallel, and an arrangement whereby Europe was rebuilt to the benefit of it and the US (an operation that'd be unsustainable elsewhere): they still got their money from making things, instead of multiplying money through casino capitalism

 

fasttense

(17,301 posts)
5. Congress no longer represents the people or even acts as a legislative body
Tue Nov 11, 2014, 08:47 AM
Nov 2014
They are merely petty courtiers. Each of them vying for the attentions of the uber rich in the hopes of getting funding for their next campaign. They jostle and fight over the plum jobs a CEO or large stock holder will give them after they "retire". They fawn and kowtow to a handful of rich men to see who can provide the best service.

Which courtier will give the thieving billionaire the perfect deal to ensure his vast fortunes are never in jeopardy despite the misery it may bring to most Americans?

I believe the TPP is that perfect deal and Obama is offering it to the corporate elites to whom he kowtows.

INdemo

(6,994 posts)
10. The Koch's millions and well as other billionaires
Tue Nov 11, 2014, 10:02 AM
Nov 2014

that are seeing a satisfying return on their investment. Want to keep the status quo in 2016?
Nominate Hillary and we will have a Rpublican in the White House,a Republian Senate and a Republican House of Rep.
And our Democracy as we have known it is history.
Maybe its time to refresh our history knowledge and refer to "The Fall of the Roman Empire"

stillwaiting

(3,795 posts)
6. It is clear that elected Dems are serving their own interest instead of the public interest.
Tue Nov 11, 2014, 09:16 AM
Nov 2014

Of course, this is a natural outcome to serving the financial elite and multinational corporate interests over average American interests.

They should be ashamed of themselves.

ReRe

(10,597 posts)
12. K&R
Tue Nov 11, 2014, 01:37 PM
Nov 2014

Please, friends, let's keep this kicked so more will read this important Alternet.org essay. It is short and goes straight to the core of the Democratic Party's heart and soul: Who we should serve (The American People), and who we should NOT serve (Wall Street.) Ask yourself if you want to be a member of the "If you can't beat 'em, join 'em" Party, or the age-old Democratic Party who cares about ALL of our citizens, not the few (1%) over the many (the 99%.) If you're not sure, go listen to those speeches (by Mario Cuomo, 1992, and Ann Richards, 1988) that were uploaded last night from past Democratic Conventions:

http://www.democraticunderground.com/1017225891

Please find time to go listen to those speeches.

And after you do these things, I encourage you to write to Nancy Pelosi and tell her to appoint Donna Edwards (D-MD) to lead the DCCC. This is an important crossroad we're standing at. Ms Edwards will help to steer the Democratic Party away from Wall Street and back toward donors from regular rank and file Democrats. She will recruit REAL Democratic progressives to run for Congress, instead of former Vice Presidents of Goldman-Sachs (Jim Hines, D-CT), and instead of a rich co-sponsor of the "Race to the Top" Education Act, (Jared Polis D-CO.)

Remember who preceded Steve Israel at the DCC post: Rahm Emaniel.

And finally, thanks xchrom, for referring us to this important article at AlterNet.org.

bvar22

(39,909 posts)
15. Can't get much cozier than this:
Tue Nov 11, 2014, 09:46 PM
Nov 2014
[font size=3]Paulson with co-conspirators:

Now THIS is Bi-Partisanship![/font]
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