The think tank, 3rd Way, was formed 10 years ago, as an extension of Bill and Hillary Clinton’s political philosophies. At present, 3rd Way, is backed by Wall Street financiers, corporate donations, and a few select members of congress. They have advised Hillary Clinton and the DNC against alienating the wealthy, suggesting income inequality is not a real concern for the American people. And, they selected a politician to take down, both as a warning to other Democratic candidates and as a way to weaken the Progressive movement. Fortunately, the target’s supporters were strong enough for most Democrats to think the advice would be suicidal.
The target was Elizabeth Warren, the senator from Massachusetts. Four years ago she helped galvanize grass roots Democrats against the corruption of Wall Street, and helped bring the issue of income inequality to to Congress. 3rd Way advised Democrats to cut their support for her, in December of 2013, when its leaders essentially wrote in the editorial pages of The Wall Street Journal, warning Democrats not to follow her and New York Mayor Bill de Blasio “over the populist cliff.”
At stake is the direction and future of the Democratic Party, and their support of the middle-class. Many people on the left were stunned and angered by the advice being given to the DNC. Warren’s supporters concluded 3rd Way was acting as a proxy, and being used by Wall Street enemies to try and scare candidates into taking more conservative positions.
On October 28, 2015, 3rd Way published a separate paper titled, “Ready for the New Economy,” which falsely argues,
“the narrative of fairness and inequality has failed to excite voters,” and that “these trends should compel the party to rigorously question the electoral value of today’s populist agenda.”
This report also attacks Bernie Sanders’ proposals on expanding Social Security and the implementation of an updated single-payer health-care system, and advises Democrats to avoid the “singular focus on income inequality” because its “actual impact on the middle class may be small.”
Lets understand that 3rd Way is an active advisor to the DNC, replacing the Democratic Leadership Council.
Robert Reich has become a leading Wall Street critic, and argues there are several issues Democrats are unwilling to tackle because of Wall Street’s monetary hold on the party. The issues Democratic leaders won’t talk about, because of their ties to 3rd Way, includes transaction taxes for high-speed traders, tax breaks for hedge fund managers, and limits on the size of banks. Does Hillary Clinton talk about limiting the size of banks or tax breaks for hedge fund managers?
“At some point it becomes a Faustian bargain. The financial dependence on Wall Street effectively ties the hands of the Democratic Party.”
Clinton, Blair, Prodi, Gerhard Schröder and other leading 3rd Way members organized conferences to promote the 3rd Way philosophy in 1997 at Chequers in England. 3rd Way, as a political think tank, now has tendrils throughout the world.
3rd Way is not a transparent think tank. It has been very secretive about where its funding comes from. Consider, however, 3rd Way’s strong support for cutting Social Security. In a 2011 Politico column, “Progressives: Wise Up,” 3rd Way’s president and vice president argued for Social Security to give up fighting a Grand Bargain that would have cut Social Security’s benefits, cuts that are opposed by 93.8 percent of Americans. (It would come as no surprise 3rd Way believes Global Warming/Climate Change is a myth.)
Bottom line, many Corporate Democrats are not significantly different from Republicans. They are Democrats in name only, seeking the same goals as Republicans. And these people are advising the Democratic Party!
Corporate Democrats, with Hillary Clinton’s help, have effectively taken over the DNC and are supplying a “hidden agenda,” separate from the the goals of the Democratic voting base. Does Hillary Clinton have any “real” interest in dealing with income inequality?