I discuss note four of these defining DLC policies relevant to this column. DLC members were proud military hawks. They were fervent supporters of fiscal austerity. They were impassioned foes of regulation, particularly financial regulation. They were pro-business. They were hostile to organized labor and the working class.
The New Democrats' Donors Represent the Worst of Big Business and Wall Street
I have described the funding of the DLC, PPI, and Third Way. The New Democrat Coalition is a congressional group. Corporations, particularly Wall Street, provided the overwhelming funding for it. Wasserman Schultz is a member. Hillary Clinton was a member. Its members have championed the interests of Wall Street's CEOs.
Third Way's Chutzpah
The premise of Third Way's $20 million "donation" ("investment" would be more apt) to the DNC is that the "New Democrats" that led the Democratic Party and the American people to political, ethical, and policy failure and led to the election of our fraudster-in-chief are here to tell the Democrats what went wrong and how to fix it. That's right, the same Wall Street CEOs that corrupted the New Democrats and ruined the Democratic Party, caused devastating harm to America and Americans (and Iraqis), and led to the election of Donald Trump are here to "save" the Democratic Party. Specifically, Third Way had the audacity to say that it was investing in the DNC to "launch a campaign to help Democrats reconnect with the voters who have abandoned the party." The voters who abandoned the Democratic Party did so because the New Democrats deliberately abandoned those voters decades ago in order to curry favor (and contributions) from Wall Street elites.
The New Democrats did not limit their abandonment to benign neglect. Instead, they waged the "long war" against the working class. In 2016, the Democratic Party nominated (yet another) New Democrat who had spent a quarter-century as a senior ally of Wall Street's long war against the working class. If you ever wondered what the word chutzpah means, Wall Street on the Potomac has just provided you with a classic example.
The New Democrats' Efforts to Defeat Progressives
The white working class "abandoned" the New Democrats because the New Democrats abandoned the working class and chose instead to become the Wall Street-wing of the Democratic Party. Wall Street is scared to death of the democratic-wing of the Democratic Party. This is why it denounced Elizabeth Warren, when she was running for the Senate in 2012.
The political director for the US Chamber of Commerce said Wednesday morning that "no other candidate in 2012 represents a greater threat to free enterprise than Professor Warren."
The comments about Elizabeth Warren, the Democratic Senate candidate, came as the the national business lobby handed its formal endorsement to Senator Scott Brown's reelection bid.
"The American business community is tired of being lectured by Professor Warren," said Rob Engstrom, senior vice president for political affairs and federation relations for the chamber.
The elite fraudsters that drove the financial crisis and the Great Recession were desperately "tired of being lectured" by a woman who skewered their attempts to evade responsibility. Warren kept pointing out the reality that the mythical "free" economic system Wall Street rhapsodized about was actually "rigged" by Wall Street to enrich Wall Street elites. Wall Street predated on the people. Like most successful predators, it was a parasite.
Wall Street viewed preventing her election as their highest priority in 2012. The U.S. Chamber of Commerce, which has become a rabidly right-wing group devoted to Republicans, launched a blizzard of ads trying to defeat Warren. The Chamber's mailers highlighted Third Way's attacks on her as "catastrophically anti-business." The message was that even Democrats knew that Warren was beyond the pale. Third Way's co-founder authored that dishonest attack on Warren.
The New Democrats, at the behest of Wall Street, led the "long war" on the working class in conjunction with their Republican allies. Third Way (Wall Street on the Potomac) was desperate to prevent the most effective opponent of the Wall Street frauds from becoming a Senator.
The New Democrats' "Long War" Against the Working Class
This article discusses three fronts in the New Democrats' long war against the working class. Tom Frank has been warning the democratic-wing of the Democratic Party for roughly 15 years that the consequences of waging the long war on the working class would prove disastrous not just for America, but also for the Democratic Party. Please read What's the Matter with Kansas and Listen, Liberal to see how openly, repeatedly, and vehemently the New Democrat's make clear their decision to abandon the working class base of the Party in favor of Wall Street, high tech, and Hollywood. It is sickening (and suicidal politics in the longer term).
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
7
4
4
