Jake Johnson at Common Dreams writes—Democrats Who Don’t Like Being Criticized By Elizabeth Warren, Say Progressives, Could Just Vote Against Big Bank Giveaways:
“If Warren’s colleagues didn’t want to be criticized as Wall Street-owned hacks, then they could choose not to vote for legislation that enriches Wall Street.”
That’s what progressive writer and activist Jonathan Cohn had to say overnight as reports emerged that Democrats are upset at Sen. Elizabeth Warren (D-Mass.) over her criticism of their vote to advance a bill that would reward Wall Street and heighten the risk of another financial crisis.
According to CNN’s Jake Tapper, Warren “really angered many of her Democratic Senate colleagues” by highlighting the names of the 16 Senate Democrats and one Democratic-leaning independent who voted to propel the “Bank Lobbyist Act” over a crucial procedural hurdle. A final vote on the measure (S.2155) is expected next week.
In a report published late Thursday, The Hill confirmed this widespread anger among Democrats, who—according to one anonymous aide—find it “disappointing” that Warren would go after members of her own party for backing a bill that analysts say would make it easier for banks to “hide racial discrimination in mortgages,” significantly increase the risk of future taxpayer bailouts, and reward massive Wall Street firms like Citigroup and JPMorgan Chase.
The Democratic aide also accused Warren of opportunistically attacking the deregulatory bill to “raise money for her campaign,” highlighting an email Warren sent to supporters calling on them to circulate an image of the vote tally.
Another anonymous aide quoted by The Hill repeated the trope—by now thoroughly debunked by the Congressional Budget Office (CBO), journalists, and federal regulators—that the GOP-crafted measure would only provide “relief for community banks and credit unions across rural America.”
Warren hasn’t been shy about acknowledging the blowback that could result from criticizing members of her own party.
“Saying Democrats are helping to roll back rules on big banks doesn’t make me the most popular kid on the team,” Warren wrote in a Medium post on Thursday, adding that she has been “taking heat from fellow Democrats” since she called them out earlier this week. “But Massachusetts didn’t send me here to fight for big banks. The people of Massachusetts sent me here to fight for them.” […]
Responding to growing anger at Warren for having the gall to highlight vote counts that are in the public record, progressives recommended a simple fix for Democrats: vote against the deregulatory bill.
Even a self-described “loyal” Democrat—Shareblue’s Matthew Chapman—denounced the attacks on Warren, called the deregulatory bill “shit,” and concluded, “if Democrats don’t like being criticized for supporting it, they can vote no.”
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“There may be babblers, wholly ignorant of mathematics, who dare to condemn my hypothesis, upon the authority of some part of the Bible twisted to suit their purpose. I value them not, and scorn their unfounded judgment.”
~Nicolas Copernicus, On the Revolutions of Celestial Spheres (1543)
says a lot about our society that Martin Shkreli went to prison for defrauding investors but not for price gouging lifesaving medication
— Ken Klippenstein (@kenklippenstein) March 9, 2018
On this date at Daily Kos in 2012—Mitt Romney: Regulators should see businesses as ‘friends,’ like in China:
Mitt Romney doesn’t just think corporations are people. He wants corporate people to have friends, and if he was president, there’s one group he’d order to be friends with corporate people:
“I want regulators to see businesses and enterprises of all kinds as their friends, and to encourage them and to move them along.”
Aww … be friends and encourage them. Isn’t that sweet? Except that if a mining regulator “encourages” his friend the mining corporation to improve safety standards rather than ordering it, and issues a friendly heads up that an inspection is coming, people will die. Just for instance. Regulators aren’t supposed to be like some Big Brother/Big Sister self-esteem program for corporations, they’re supposed to be watchdogs keeping the air we breathe clean and protecting workers from injury and preventing or discrimination.
On today’s Kagro in the Morning show: Trump to meet with Kim. Nothing can go wrong, there. The fascinating background of George Nader. (Think both child porn and Ayatollah Khomeini.) Notorious spy Mike Flynn’s Mid-East nuke deal is back in the news. Plus your weekend round-up and reading list.
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