Skip to main content

Democratic candidate for the U.S. Senate seat for Massachusetts Elizabeth Warren addresses supporters during her victory rally in Boston, Massachusetts, November 6, 2012. REUTERS/Gretchen Ertl (UNITED STATES - Tags: POLITICS USA PRESIDENTIAL ELECTION ELEC
And the war is on.
The obsessive centrists of the punditverse were abuzz today with praise for supposed centrist Democratic organization Third Way and their grumbling op-ed condemnation of Democratic liberal populism in abstract and "economic populists" like Sen. Elizabeth Warren in particular.

But why would the Third Way, a very reasonable and centrist organization that just wants both parties to get along and agree to cut Social Security, Medicare, and other social programs be so very worked up about Elizabeth Warren, Wall Street reform, and the mere thought of breaking up large banks? Worked up enough to launch an apparently coordinated effort against those things?

A chart of Third Way trustees annotated with general professions of each trustee. Equity and investment managers dominate the list.
Oh. I see.

It is not all that shocking that the Wall Street Way put out an editorial in the Wall Street Journal condemning attempts to point out that Wall Street has, long before the economic crisis and now long after, taken the lion's share of America's economic wealth and left the rest of the nation's citizens to eek by on the increasingly meager crumbs. You form an organization made up almost entirely from wealthy Wall Street partners, ex-partners and other equity managers who don't like the notions of regulation or taxes, that's pretty much what you're going to get.

It's a bit more surprising that any supposedly astute political observer could look at the effort and declare it a "game changer." Lord, now, that's just embarrassing.

Originally posted to Hunter on Tue Dec 03, 2013 at 01:05 PM PST.

Also republished by Massachusetts Kosmopolitans and Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

skybluewater, Sylv, vicki, Bill in Portland Maine, Phoenix Woman, raatz, deben, Scott Martin, abarefootboy, emal, karlpk, Shockwave, CleverNickName, eeff, jnfr, Walt starr, astro, ask, Ignacio Magaloni, greenomanic, Alna Dem, abs0628, psnyder, 2laneIA, Eyesbright, wdrath, Penny Century, QuoVadis, Sychotic1, dkmich, imicon, Curt Matlock, randallt, KayCeSF, Armand451, Longwing, Gowrie Gal, Brecht, joanneleon, ichibon, Erik the Red, 1Nic Ven, stagemom, YucatanMan, fixxit, PSzymeczek, Pam from Calif, Overseas, mightymouse, begone, Nance, 417els, Illinibeatle, Shakludanto, bren, JVolvo, OMwordTHRUdaFOG, inner light, Clive all hat no horse Rodeo, kurt, Compostings, AllanTBG, daeros, BeninSC, tgypsy, weneedahero, devis1, CenterLeft, LillithMc, Mary Mike, Calvin Jones and the 13th Apostle, sfbob, joedemocrat, jedennis, leonard145b, TDDVandy, South Park Democrat, mconvente, JeffW, rontun, Involuntary Exile, elwior, Akonitum, jamess, sagansong, BvueDem, WhizKid331, Throw The Bums Out, DontTaseMeBro, divineorder, ewmorr, rudy23, gharlane, maryabein, Jonohex, kevinpdx, Railfan, Its the Supreme Court Stupid, commonmass, Lost and Found, Simple, Egalitare, Jaimas, slice, annieli, allenjo, Catherine R, ban nock, Mr MadAsHell, Vladislaw, PorridgeGun, IllanoyGal, thomask, BarackStarObama, marshstars, Liberal Mole, Andrew F Cockburn, ratcityreprobate, DRo, Mentatmark, Auriandra, Azazello, Monsieur Georges, IndieGuy, turn blue, The Lone Apple, a2nite, DarkStar57, edebs, belinda ridgewood, Galtisalie, Brown Thrasher, scilicet, marty marty, Marjmar, Ray Pensador, jusjtim35, Lurker in the Dark, Thornrose, poopdogcomedy, aresea, RichHubie, greenbell, tampaedski, Ishmaelbychoice, Street Heat, martianexpatriate, ArcticStones, LeftieIndie, Dodgerdog1, justaHippie, Liberty Equality Fraternity and Trees, Capt Crunch, jbsoul, Penny GC, Zwenkau, Gurnt, waterstreet2013, kkkkate, Choco8, joegoldstein, socialismorbarbarism

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site