Wall Street Warns Democrats: Avoid Populism!

Why would a group wanting you to believe that it has genuine Democratic genes be an advocate for further enriching Wall Street’s Republican elite at the expense of America’s middle class and the poor? To find out, just peek behind Third Way’s organizational curtain. You’ll see that its funders and governing board include no one from labor, senior citizens, consumers, environmentalists, small farmers, students, African-Americans, Latinos, and other core Democratic constituencies. Instead, of its 29 board members, 20 are Wall Street bankers, hedge fund hucksters, or venture capital vultures.

Third Way dead ends at Wall Street. So, fronting for the selfish interests of its backers, it doesn’t want any party championing economic Populism. But the people do, and that’s who Democrats should heed.

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This piece was first published on Jim Hightower’s website.