Elizabeth Warren

Chuck Schumer and the Democrats' Identity Crisis: Economic Policy vs. Rhetoric

Unfortunately, Schumer embodies the contradictions that will tear the Democratic Party apart over the next two years. He understands the need to embrace a populist, progressive narrative and program, but his ties to Wall Street and big money lead him to blunt any real moves by Democrats to take a bold stand for working people against corporate power.

The budget proposal to allow more government bailouts of banks that gamble with their depositors’ money was a huge lost opportunity for Democrats to paint Republicans as being on the side of the big banks that wrecked the economy. That opportunity was negated by President Obama’s pushing for the budget and Senator Schumer’s stealth maneuvers (widely known in Congress) to keep the Wall Street deal intact. As a result, the leaders of both parties demonstrated, as they’ve done before, that government is in fact on the side of the rich and powerful....

http://www.nextnewdeal.net/chuck-schumer-and-democrats-identity-crisis-economic-policy-vs-rhetoric