Drudge Retort: The Other Side of the News

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Friday, July 31, 2015

presidential hopeful Hillary Clinton on Thursday said she always put U.S. interests first when she was secretary of state, following a report that her family's foundation benefited after she helped a Swiss bank in a U.S. tax case.
The Wall Street Journal said that while Clinton was in office, she intervened on behalf of UBS AG. The bank then increased its donations to the Clinton Foundation, her family's charitable organization, the paper said. read more

Wednesday, July 29, 2015

Hillary Clinton Cops Out On Keystone Question For Second Time In 2 Days
Environmentalists have ridiculed her rationale for staying neutral on the issue.


Hillary Clinton Cops Out On Keystone Question For Second Time In 2 Days
Environmentalists have ridiculed her rationale for staying neutral on the issue.
Headshot of Samantha Lachman
Samantha Lachman Staff Reporter, The Huffington Post

Posted: 07/28/2015

Democratic presidential candidate Hillary Clinton again declined to take a position on the construction of the proposed Keystone XL pipeline Tuesday, as the issue continues to dog her campaign.

Clinton was asked at a town hall in Nashua, New Hampshire, if she would sign a bill in favor of the pipeline were she to be elected president. She reiterated what she said when asked about the topic in Iowa on Monday: She won't be taking a position on the controversial project. read more

Saturday, July 25, 2015

Zach Carter Senior Political Economy Reporter, The Huff Post

Hillary Clinton's Economic Speech A Total Letdown
Wages and inequality get lip service and not much else.

Zach Carter Senior Political Economy Reporter, The Huffington Post

Hillary Clinton gave a speech Friday that pledged to combat dodgy corporate management but offered only soft-touch policy solutions that included significant tax breaks for wealthy investors.

Advisors billed the talk as a major rollout of Clinton's economic agenda. The candidate herself pitched her proposals as a way to break from failed policies that had damaged the economy. But the speech eschewed any emphasis on income inequality, runaway finance, companies "too big to fail" or any of the economic issues animating the Democratic Party read more

Friday, July 24, 2015

Paul Blumenthal, Huffington Post: In the early campaign money race for the 2016 presidential election, executives and employees of big bank institutions are lining up behind three candidates: Democrat Hillary Clinton and Republicans Jeb Bush and Marco Rubio. Clinton, the former secretary of state and New York senator, leads all candidates, with $432,610 from big banks' executives, employees and their spouses. This includes banks like JPMorgan Chase, Bank of America, Goldmans Sachs, Morgan Stanley, Citigroup, UBS, Barclays, Credit Suisse and Deutsche Bank. Bush, whose fundraising is somewhat obscured by the fact that he raised $100 million for his super PAC until June 15, was close behind, with $353,150 for his official campaign. When his super PAC numbers, to be reported on July 31, are taken into account, Bush likely will have raised millions from these bank executives. In third place, Rubio pulled in $105,669. No other candidate cracked six figures. read more

We have all seen how the conservative media patronizes Senator Bernie Sanders's presidential campaign. He is a diversion, a cute sideshow, and the newscasters insist that he will not get the Democratic nomination. Someone more mainstream, more sensible -- someone like Hillary Clinton -- will be the nominee. But, we have to ask, how is it that a candidate can be diversionary and alternative because his platform and politics are about the needs of American people?

The answer is that Bernie isn't out there talking the deceitful politics of greed that we are used to. Bernie Sanders talks about those politics, in order to expose and challenge them, but he is talking a different politics than we have heard on a national scale in a long time. read more


Why the Third Way hates Sen. Elizabeth Warren

he 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?

Oh. I see.

It is not all that shocking that the Wall Street Way put out an editorial in the Wall Street Journal condemning attempts to point out that Wall Street has, long before the economic crisis and now long after, taken the lion's share of America's economic wealth and left the rest of the nation's citizens to eek by on the increasingly meager crumbs. You form an organization made up almost entirely from wealthy Wall Street partners, ex-partners and other equity managers who don't like the notions of regulation or taxes, that's pretty much what you're going to get.

It's a bit more surprising that any supposedly astute political observer could look at the effort and declare it a "game changer." Lord, now, that's just embarrassing.


GOP Donors and K Street Fuel Third Way's Advice for the Democratic Party

Third Way, a centrist think tank that portrays itself as a Democratic group, has some advice for the party: avoid economic populism at all costs. In a column for The Wall Street Journal today, the group argues that the party should steer clear of creating a strong safety net, and criticizes Mayor-elect Bill de Blasio's call for universal pre-K funded through an upper-income tax increase as a foolhardy idea for national Democrats.

As many have noted today, in reaction to the column, Third Way's attacks on Social Security and Medicare fail on the merits. It's bad policy, and it's equally bad politics.
Buried inside the annual report for Third Way is a revelation that the group relies on a peculiar DC consulting firm to raise half a million a year: Peck, Madigan, Jones & Stewart. Peck Madigan is no ordinary nonprofit buckraiser. The group is, in fact, a corporate lobbying firm that represents Deutsche Bank, Intel, the Business Roundtable, Amgen, AT&T, the International Swaps & Derivatives Association, MasterCard, New York Life Insurance, PhRMA and the US Chamber of Commerce, among others.

The two organizations complement each other well. Peck Madigan signs as a lobbyist for the government of New Zealand on the Trans-Pacific Partnership free trade deal; Third Way aggressively promotes the deal. Peck Madigan clients push for entitlement cuts, and so does Third Way.

Third Way's leadership has tenuous connections to the Democratic Party it hopes to shape. Daniel Loeb, a hedge fund manager listed as a trustee on Third Way's 2012 annual disclosure, bundled $556,031 for Mitt Romney last year. Third Way board member Derek Kaufman, another hedge fund executive, also gave to Romney.

There is a long and storied tradition of corporate, right-wing interests seeking to shape the economic policies of the Democratic Party. The DLC, another Third Way–style group that folded in 2011, was funded by none other than Koch Industries. Richard Fink, a strategist to the Koch brothers who helped found what is now known as Americans for Prosperity, was on the DLC's board.

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