By now everyone knows that the pro-Wall Street wing of the Democratic
Party attacked Sen. Elizabeth Warren and New York’s Mayor-elect Bill
De Blasio in the Wall Street Journal Tuesday, arguing that their
“economic populism” was a “dead end” outside of the midnight-blue
communards of Massachusetts and New York City.
Not only was Third Way’s argument immediately and widely debunked –
Salon’s Elias Isquith did it very well here – but its domination by
Wall Street became an issue in itself, thanks to folks at Daily Kos
and the Progressive Change Campaign Committee. Warren herself
responded by asking Wall Street CEOs to voluntarily disclose their
think tank funding – without mentioning Third Way by name – suggesting
it amounted to “little more than another form of corporate lobbying.”
And by Wednesday evening centrist Pennsylvania Rep. Alison Schwartz, a
Third Way co-chair who’s running for governor next year, had disavowed
the group’s attempted takedown of her party’s populist wing, calling
it “outrageous.” (Update: Thursday afternoon another co-chair, Rep.
Joe Crowley, joined Schwartz.)
Oh, and meanwhile, President Obama gave his best economic speech yet,
calling income inequality “the defining challenge of our time.”
Is something going on here? I’d say yes. Wall Street’s domination of
the Democratic Party is facing a genuine and sustained fight, and
that’s a good thing for Democrats and the country.
Excerpt from Joan Walsh writing at SALON (December 7, 2013)
“Third Way” is the latest incarnation of DINOs (Democrats-In-Name-Only)