Obama Backs Away From Inequality Debate To Comfort Corporate Democrats

By: Monday July 7, 2014 7:44 am

Months ago it was “the defining issue of our time”¬† today it’s a hazy memory of a dreamy talking point. According to the Washington Post, President Barack Obama has “largely abandoned” talking about wealth inequality in America to appease corporate Democrats worried about losing support from the wealthy contributor class. So instead of taking on [...]

Third Way’s Attack On Elizabeth Warren Prompted By Calls For Expanding Social Security

By: Monday December 9, 2013 5:42 am

Why did¬†Third Way launch an attack on Senator Elizabeth Warren? According to one of the op-ed writers it was Warren’s support for a plan to expand Social Security that was the “final moment.” Clearly an unforgivable offense against the bondholders that Third Way represents who want general austerity and cuts to Social Security to ensure [...]

Elizabeth Warren Responds To Third Way Attack By Asking Wall Street To Disclose Ties

By: Wednesday December 4, 2013 10:31 am

Senator Elizabeth Warren is not taking the attack on her by Third Way lying down. In an open letter to the CEOs of the Too Big To Fail Wall Street banks responsible for the financial crisis of 2008, Senator Warren asks that they disclose their connections to think tanks like Third Way. That way the [...]

Third Way Returns To Attack Elizabeth Warren And Bill de Blasio

By: Wednesday December 4, 2013 6:00 am

Update: Senator Warren has responded to Third Way. For those unfamiliar, when Wall Street bought the Democratic Party they wanted their transaction to be called the triumph of “Third Way” politics in association with other gains by finance capital and neoliberal politicians around the world, especially the UK. They were essentially advocating that Democrats concede [...]

Chinese Communist Party Memo Warns of ‘Seven Perils’

By: Thursday August 22, 2013 8:24 am

Senior Chinese Communist Party leaders have been briefing party members about the dangers facing the party in the coming years. Identified in a secret memo as the “seven perils”, the concerns center around Western ideas creeping into Chinese society and the threat they pose to the party’s continued dominance of the country. Communist Party cadres [...]

New York Times Labels Pete Peterson Group ‘Center-Left’

By: Thursday April 4, 2013 6:01 am

There are many explanations for why America is more right-wing than other countries in the developed world; an individualistic and unsympathetic political culture, the use of religion for reactionary causes, racial antagonism and division in the working class, a governmental structure designed to defend a commercial oligarchy – take your pick. But just because the [...]

Steny Hoyer’s Push to Ruin Everything

By: Monday February 27, 2012 11:04 am

In the aftermath of a horribly bruising debt limit deal and the Occupy movement, the focus in Washington shifted away from deficits and back to the economy, jobs and income inequality. But as a reminder that social movements must be constant and vigilant, one powerful Democrat, in association with a DC lobbying group, wants to [...]

Financial Giants Whining to Democrats Over OWS Support

By: Tuesday October 18, 2011 11:42 am

Via Greg Sargent, apparently the corporate titans who provide feed and caring for Democrats are none too happy with the party’s cautious embrace of the Occupy Wall Street protests: After the Democratic Congressional Campaign Committee sent a recent email urging supporters to sign a petition backing the wave of Occupy Wall Street protests, phones at [...]

Democrats Get Explicit on Republican Economic Sabotage Theory

By: Wednesday October 12, 2011 11:41 am

The perfectly logical idea that Republicans are resisting any effort to aid the economy because they would rather things be worse in November 2012 so they can help themselves to winning the elections has been around Democratic circles for a while. Some Democrats used this line of attack in 2010 to criticize Republican obstruction when [...]

Progressive Economists, Third Way Agree on Dangers of a Spending Cap

By: Monday May 9, 2011 11:30 am

Here’s an issue where leading progressive economists and even Third Way agree: spending caps are a miserable policy idea. With respect to the former, MoveOn.org has assembled a list of over 75 economists who have written a letter to Congress detailing why spending caps would be so disastrous. The signatories include such luminaries as Dean [...]

Deficit Debate Upside-Down Politically

By: Friday March 25, 2011 10:07 am

The Washington Post has decided that there’s a split among Democrats on Social Security because groups like Third Way are pushing for benefit cuts while the Senate leadership is holding rallies against that. I think it’s a bit more nuanced. While some Democratic leaders have been playing footsie with benefit cuts for years now, it’s [...]

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