Wall Street's Plan to Push Obama to Betray Those Who Elected Him
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Third Way has provided another proof of our family rule that it is impossible to compete with unintentional self-parody. Only Wall Street could argue that preserving the Democrats’ “heart” depends on cutting benefits to the poor and working class so that they could burnish their “brand” by spending the money instead on building roads or rockets. Some heart! Wall Street is describing its heartless “brand.”
10. Third Way Slimes Elizabeth Warren for Criticizing Wall Street Frauds
Another example of how proponents of unraveling the safety net use Third Way as a false flag scheme was illustrated by the Chamber of Commerce. They ran a huge ad campaign in mid-October designed to defeat Elizabeth Warren in her run for the Senate. The Chamber’s goal was to achieve Republican control of the Senate. The title of the ABC article about the Chamber’s ad campaign was: “U.S. Chamber of Commerce Calls Elizabeth Warren ‘ Catastrophically Antibusiness’.”
The centerpiece of the Chamber ad and the title was the quotation that Warren was “Catastrophically antibusiness.” The person who made the statement that the Chamber quoted was one the Third Way’s founders and a principal spokesmen.
“‘If you listened only to Elizabeth Warren [at the Democratic Party’s national convention], the message was catastrophically antibusiness,’ said Matt Bennett, co-founder of Third Way, a centrist Democratic group. That ‘further drives a wedge between business and Democrats that may not be fair but is the way business perceives things,’ he said. ‘And making voters into victims is not a winning strategy.’
‘As Bill Clinton used to say, you can’t love the jobs and hate the job creators,’ said Mr. Bennett, who worked in the Clinton administration.”
Warren outraged the Wall Street wing of the Democratic Party by speaking truth to power about Wall Street:
“Wall Street C.E.O.’s — the same ones who wrecked our economy and destroyed millions of jobs — still strut around Congress, no shame, demanding favors and acting like we should thank them.”
The same article noted that “moderates” were upset that Warren was allowed to speak to the convention during prime time, but the Democratic Party felt supporting her candidacy was one of the vital steps in preventing the Republicans from controlling the Senate.
“To the chagrin of moderate Democrats, a prime-time speaker was Elizabeth Warren, the liberal scourge of Wall Street who is running in Massachusetts to unseat Senator Scott P. Brown, a Republican. Her scheduling slot reflected Democrats’ zeal to capture that seat and protect their slim Senate majority.”
The Chamber ad attacking Warren identified Bennett, the Third Way’s co-founder, as the author of the quotation and described him as working for an organization of moderate Democrats. Note that Bennett also adopted the false Republican meme that only CEOs are “job creators.” The reality is that each of us, by creating private sector demand and by creating wealth through our labor we create jobs.
The Third Way attacked one of the most praised public servants in the nation because she had the temerity to criticize the Wall Street CEOs who caused the crisis (often through frauds that made them wealthy), were bailed out by the government, and responded with insolence. Third Way not only applauds the administration’s refusal to prosecute the Wall Street frauds who drove the crisis – the Wall Street Wing demands that the Democratic Party not criticize the CEOs and claims that calling for the senior executives to be held accountable for their crimes and misconduct is impermissible because it will enrage business people and because any discussion of elite frauds would have to address the fact that they victimized the public.