Wednesday, December 04, 2013

Without moral compunction

Why the Third Way hates Sen. Elizabeth Warren (Click on this heading to read more)

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.

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