Sunday, March 04, 2018

Democrats & Republicans Team Up to Help Wall Street Not Main Street

"In the typically gridlocked Congress, with the Trump legislative agenda mostly stalled, members of both parties will come together to roll back financial rules, during the 10th anniversary of the biggest banking crisis in nearly a century. And it’s happening with virtually no media attention whatsoever." The article also points out that some "populist" center-left Democrats are sponsors of this anti-people and pro Big Banks legislation. The author concludes that if a "populist Democrat feels they can sponsor such a bill and see political benefit — or at least not face much pain — [it] represents a stark failure on the left to adequately frame and define the conversation around banking, Wall Street, inequality, and the economy." Some think we failed miserably in our duty to the working class by not so framing these issues enough in the 2016 election; let's not repeat our mistakes in the upcoming midterms by uncritically supporting candidates on the Center-Left we are working to elect when they support measures that put profits before people.

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