2016 Postmortem
Related: About this forumProgressive policy group applauds Martin O'Malley on Wall Street
Haley Morris ?@haleymorris 21m21 minutes agoLiberal group applauds Martin O'Malley on Wall Street http://fw.to/6loVviW
Democratic presidential candidate Martin O'Malley on Thursday won praise from a well-known liberal group for his positions on Wall Street, a sign that progressive advocates are taking notice of his efforts to run a campaign to the left of Hillary Clinton.
"Progressives are looking for a race to the top among Democratic candidates on big, bold, economic populist ideas," Adam Green, co-founder of the Progressive Change Campaign Committee said in a statement. "Martin O'Malley was the first candidate to make criminal prosecution of Wall Street bankers a 2016 issue -- and it's been great to see a race to the top with Clinton and Sanders making bold statements in favor of accountability for bankers who break the law," he said.
The show of support comes as both O'Malley and Clinton are set to discuss the economy and Wall Street this week. O'Malley is expected to speak about his Wall Street proposals at an event in Washington today. The two-term Maryland governor has called for doubling funds at financial regulatory agencies, including the Securities and Exchange Commission, mandating larger capital reserves at large banks, and reinstating the 1933 regulations that separate commercial and investment banking...
read: http://www.baltimoresun.com/news/maryland/politics/blog/bal-liberal-group-applauds-omalley-on-wall-street-20150723-story.html
related:
Martin O'Malley wrote an op-ed in March highlighting his opposition to Wall Street excesses
http://dmreg.co/1DELzHL
Martin O'Malley's 10-Page Financial Plan: 'Protecting The American Dream From Another Wall St. Crash'
http://martinomalley.com/wp-content/uploads/2015/07/OMalley-Wall-Street-Reform.pdf
FSogol
(45,526 posts)bigtree
(86,005 posts)....scheduled to appear Thursday at a Washington policy institute (the Center for National Policy), where he will participate in a discussion with Brad Miller, a former Democratic congressman considered a leader on financial reforms. The event is timed to coincide with the fifth anniversary of Dodd-Frank, the landmark banking legislation.
http://www.washingtonpost.com/blogs/post-politics/wp/2015/07/21/omalley-moves-wall-street-speech-so-he-can-meet-the-press-on-his-own-terms/
Uber-ing with @MartinOMalley over to event.
Skwmom
(12,685 posts)Fool me once, shame on you. Fool me twice, shame on me.
I read that he was with the DLC. Maybe he believes what he says. Who knows? But what I do know is in this election words alone are not enough to get my vote.
bigtree
(86,005 posts)...since Martin O'Malley is the ONLY candidate to put out a detailed economic plan to deal with Wall Street excesses and abuses in this campaign.
...those strong words of his are backed up by a solid, detailed 10-page plan to 'Protect the American Dream From Another Wall St. Crash.' The plan proposes to:
Ensure Key Political Appointees Are Independent of Wall Street
Appoint to Key PositionsAttorney General, Assistant Attorney General for the Criminal Division, SEC ChairIndividuals Committed to Pursuing Criminal Cases.
Require the SEC Director of the Division of Enforcement to be a Presidential Appointee, Subject to Senate Confirmation
Institute a Three-Year Revolving Door Ban
Institute an Additional Three-Year Mandatory Disclosure Rule
Require the General Counsel at the Fed to be a Presidential Appointee
Require the President of the New York Fed to be a Presidential Appointee
Require the Board of Governors to Vote on All Major Decisions, Including Those Regarding Financial Reform
Immediately Double Funding for CFTC and SEC to Police Bad Behavior on Wall St. (Double CFTC Funding from $322 million to $644 million. Double SEC Funding from $1.7 billion to $3.4 billion.)
Create a Standalone Economic Crimes Division Within DOJ
Implement Points Accrual System to Crack Down on Recidivist Banks
End Days of Neither Admit Nor Deny. If an institution commits a major crime or violation of a law, they should be required to admit their guilt, so that they face the full ramifications of parallel civil and criminal proceedings
Require Transparency Around Use of Deferred Prosecution Agreements (DPAs) and Non Prosecution Agreements (NPAS).
Crack Down on SECs Use of Waivers By Requiring Public Votes, Statements on Them
Separate Risky Investment Banking from Ordinary Commercial Banking
Immediately Reinstate Glass-Steagall
End Too Big to Fail
Mandate Higher Capital Requirements for Big Banks
Implement a Financial Transaction Tax to Limit High-Frequency Trading
Create a Fiduciary Standard for Loan Brokers
FSogol
(45,526 posts)Words alone aren't enough? How about actual liberal accomplishments:
Here's why I support him:
Martin O'Malley:
1. Ended death penalty in Maryland
2. Prevented fracking in Maryland and put regulations in the way to prevent next GOP Gov Hogan fom easily allowing fracking.
3. Provided health insurance for 380,000
4. Reduced infant mortality to an all time low.
5. Provided meals to thousands of hungry children and moved toward a goal for eradicating childhood hunger.
6. Enacted a $10.10 living wage and a $11. minimum wage for State workers.
7. Supporter the Dream Act
8. Cut income taxes for 86% of Marylanders (raised taxes on the rich).
9. Reformed Marylands tax code to make it more progressive.
10. Enacted some of the nations most comprehensive reforms to protect homeowners from foreclosure.
There is a lot more, but I'll only add that Mother Jones magazine called him the best candidate on environmental issues.
Article here:
http://www.motherjones.com/environment/2014/12/martin-omalley-longshot-presidential-candidate-and-real-climate-hawk
HooptieWagon
(17,064 posts)Although I support Bernie, and am very unlikely to change, I welcome information about O'Malley.
bigtree
(86,005 posts)...but the poster 'read somewhere' that he's DLC.
Let's see, believe innuendo and spin, or a solid record of progressive accomplishments, progressive results, and substantive policy proposals hailed and accepted by progressive economists and others for their boldness and comprehensiveness...
FSogol
(45,526 posts)Skwmom
(12,685 posts)Some on the left would love to pretend that groups such as the Democratic Leadership Council, the party's leading centrist voice, aren't needed anymore.
http://www.washingtonpost.com/wp-dyn/content/article/2007/08/06/AR2007080601158.html
On edit: If not a member, he sure did support them.
bigtree
(86,005 posts)...so you think you can distract from it with this phony rhetoric.
No one is buying it. There absolutely zero DLC about O'Malley's record. Now stop working to hijack this thread with this bullshit. Either respond to the subject of the op or push off.
FSogol
(45,526 posts)O'Malley's liberal record speaks for itself.
HooptieWagon
(17,064 posts)I'm not bashing O'Malley here, I don't know that much about him. But the DNC is well aware of a simmering revolt against their corporatism, even if they're yet to realize it's full extent. As a result, several candidates and groups are claiming the "progressive" mantle as a smokescreen to hide their true corporatism. That's one reason I support Bernie, his politics have remained pretty consistant for 50+ years...he's no Johnny-come-lately.
bigtree
(86,005 posts)...true, though, that Bernie's been in Washington politics much longer than O'Malley has held public office. Still, there's nothing DLC about the progressive achievements Gov. O'Malley's led and ushered into being in my state.
I'd be wary of relying on an argument which suggests progressive accomplishments are some sort of wolf in sheep's clothing for a contradictory agenda. If you want your candidate's accomplishments to be taken at face value and for folks here to disregard natter about 'smokescreens' hiding 'true' agendas, I'd suggest leaving all of that under the rock where it resides.
Skwmom
(12,685 posts)before the election, but didn't follow through when they were elected.
bigtree
(86,005 posts)...just a smokescreen?
Do you realize how stupid that sounds?
Are you determined to keep disrupting this post? This isn't a post about whether he's DLC. It's about his progressive economic proposals. If you have nothing to more to add on that you need to go away. Start your own thread of stupid on this if want to go on and on about it..
Andy823
(11,495 posts)Can you give us links to the drawn out plans they have to fix the problems we face, like "Wall Street"? Or how about plans on how to fix immigration, health care, college tuition, etc. Do they have any plans they have put on in writing for all to see?
NCTraveler
(30,481 posts)Then O'Malley is your only choice.
SidDithers
(44,228 posts)They've been making money off Elizabeth Warren for a long time, and now seem to have moved onto O'Malley.
http://blog.reidreport.com/2011/07/adam-greens-dishonest-fundraising-attack-meets-obamas-adult-debt-conversation/
http://theobamadiary.com/2011/07/15/here-we-go-again-2/
http://www.opensecrets.org/pacs/expenditures.php?cmte=C00458000&cycle=2012
For the 2012 Election Cycle:
~ $4 million spent
~ $2 million on salaries
~ $500K on Administration
~ $300K on Media
~ $400K on Research
$48K to Federal Candidates
For the 2014 Election Cycle:
http://www.opensecrets.org/pacs/expenditures.php?cmte=C00458000&cycle=2014
Note: Contributions to Federal Candidates - $899
Contributions to Adam Green: $129,352
boldprogressives, my ass.
Sid
bigtree
(86,005 posts)...against their criticisms of his policies - namely the debate over whether he was advocating cutting Social Security in budget negotiations - and this group was raising funds behind their attacks on his policies.
Looks like the debate over their criticisms was reflected here on DU - not many positions have changed in that debate here. I see that reflected in your post. I was on Pres. Obama's side in that debate, btw. Not really agreeing with this post, though it's understandable that you're still sore over those attacks on his economic policies and politics.
They make a good analysis here. It's clear that they still advocate to the left of Obama and many Democrats on these economic issues, so...progressives.
SidDithers
(44,228 posts)They raised and spent ~$4million during the 2012 election cycle. More than half of that went to their own salaries.
The numbers are similar for the 2014 cycle.
A group whose salaries alone, not even considering the other administrative costs, eats up more than half of their expenditures is not a group progressives should be supporting. They're raising money for themselves, not Democrats.
Sid
bigtree
(86,005 posts)...or the objections here at DU either.
I'd note further that this group's support of O'Malley's plan includes support for reviving Glass-Steagall - something which the administration is opposing. I see the same divergence of views today with the administration (and O'Malley's proposals) that there were when this article was written.
I obviously see the rest of what you posted, but I'm not interested in diverting from the crux of the economic debate (which is what this post is about) to indulge in criticizing the fundraising tactics of the policy group. If you have differences with O'Malley's economic focus, state those differences. Discussing this old article and controversy without discussing the economics (in effect, diverting the focus of this thread) is worthless to me.
SidDithers
(44,228 posts)If you want to promote this shady group, that's on you.
Knock yourself out.
Sid
bigtree
(86,005 posts)...you've attempted to hijack this thread with this old debate over this progressive group and their attacks on President Obama's economic policies and politics.
I'm to be forgiven if I view this as just another extension of the defense here of President Obama then, and, perhaps (since you avoided discussing anything related to the economics in my op) a backdoor defense of the president's economic policies today which O'Malley is opposing in his economic plan.
...or, maybe it's a defense of Hillary's economics?
SidDithers
(44,228 posts)If you were promoting O'Malley, you'd link to O'Malley.
And that pic is a perfect example of what I described. boldprogressives raised millions of dollars using Elizabeth Warren's name. Millions of dollars that went into their own pockets.
Now, finally realizing that Warren ain't running, they've shifted gears and are going to milk O'Malley supporters.
You can accept that they're in it for themselves, or not.
I don't really give a flying fadoo.
Sid
bigtree
(86,005 posts)...which just happen to mirror the administrations (and Hillary's) economic initiatives differences with O'Malley's proposals. But, you don't give a flying fadoo.
Okay.
I'll just keep stressing the economic focus of the op (you just continue on with your diversion. I could use the kicks).
from xchrom's 2013 post:
Two years from now, on the eve of the Iowa caucuses and New Hampshire primary, its possible that former Secretary of State Hillary Clinton could be running for the nomination without a major opponent to her left.
But even if no serious Clinton challenger in the mold of progressive Sen. Elizabeth Warren emerges, a nonprofit group called the Progressive Change Campaign Committee, or PCCC, is prepared to take up the mantle.
Co-founder Adam Green says plans are already in the works to pressure Clinton from the left on Wall Street reform and Social Security, sending PCCC members to storm her early town hall meetings and using Warren the Massachusetts freshman senator who is increasingly held up as the hero of the partys left wing as the guiding force of their movement.
Elizabeth Warren is the North Star of where our party should be going and is going, Green said in a phone interview, citing Warrens work on student loans, her introduction of a new Glass-Steagall Act earlier this year, and a speech she delivered last week that advocated for the expansion of Social Security.
read: http://www.democraticunderground.com/10024094375
FSogol
(45,526 posts)Their comments on O'Malley's plans are on the mark.
SidDithers
(44,228 posts)Donate directly to the candidates.
I don't want people thinking their donations to PCCC are supporting their chosen candidate, when the reality is that only pennies, if that, of every dollar goes to candidates. The vast majority of donations that go to PCCC pay for PCCC activities, PCCC expenses and PCCC salaries.
Sid