Will Phony Populists Hijack the Fight Against Inequality?

[xchrom]

http://www.thenation.com/article/179142/will-phony-populists-hijack-fight-against-inequality



In late January, President Obama met some two dozen CEOs at the White House to discuss the plight of the long-term unemployed. Frustrated by the refusal of congressional Republicans to extend unemployment insurance benefits, Obama persuaded several hundred companies to sign a “best practices” hiring pledge promising not to discriminate against those who have been unable to find work for a lengthy period of time.

Among the executives present was Don Thompson, who made nearly $14 million in 2012 as the CEO of the McDonald’s Corporation, and whose restaurant workers are paid so little that they must rely on $1.2 billion in public assistance each year. Also present was Boeing CEO Jim McNerney, who earned $23.3 million in 2013 while threatening to move his company to a right-to-work state if the machinists’ union did not accept a contract that froze pensions and limited future raises. Walmart, which last year chose to buy back $7.6 billion of its own stock when it could have raised employee pay by more than $5 an hour instead, signed the agreement, as did JPMorgan Chase and Bank of America, whose fraudulent mortgage practices helped tank the economy and destroy decades of middle-class wealth. “I was really grateful to all of them for stepping up in this way,” Obama said.

The confab neatly illustrated the Democratic Party’s current predicament. As public disgust with rising inequality and a protracted jobs crisis compels a populist approach to governing and campaigning, the party remains inextricably tied to some of the elites responsible for the underlying problems. Publicly, the party seems united—but who is truly dedicated to reversing the country’s alarming descent into oligarchy, and who is just using the issue of the day to burnish their credentials or troll for votes?

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At first blush, it might seem difficult to discern pretenders from true populists. Almost everyone who identifies as even an inch left of center acknowledges the need to address income inequality. The centrist Democratic think tank Third Way is a notable exception: it issued a lonely warning in a December Wall Street Journal op-ed that economic populism is “a dead end for Democrats.”

[winter is coming]

1. They'll be sure to try, which is why it's important to look at what people were doing/saying

before "inequality" became a hot topic.

[djean111]

2. The Third Way also thinks Elizabeth Warren is "out of hand".

The Third Way, of course, is a DINO think tank, and uses its money to back DINOs whenever possible.
Populism alarms the shit out of the Third Way.

As an astute commenter elsewhere on the internet said, in regards to the Third Way anti-populism article in the WSJ - taking advice from DINOs in the WSJ is like taking advice from your worst enemy.

[Laelth]

3. Excellent article. k&r for exposure. n/t

-Laelth