Tim Kaine Calls To Deregulate Banks As He Campaigns To Be Clinton’s VP

[Doctor Jack]

WASHINGTON ― Sen. Tim Kaine (D-Va.) is on Hillary Clinton’s short list of potential vice presidential nominees. He’s also actively pushing bank deregulation this week as he campaigns for the job.

Kaine signed two letters on Monday urging federal regulators to go easy on banks ― one to help big banks dodge risk management rules, and another to help small banks avoid consumer protection standards.

Presumptive Democratic presidential nominee Hillary Clinton is believed to be weighing Kaine among a handful of other potential VP choices. Her pick is widely viewed in Washington as a sign of her governing intentions. The former secretary of state has spent weeks attempting to woo progressive supporters of vanquished primary challenger Sen. Bernie Sanders (I-Vt.). Choosing from one of the handful of names on her short list ― Sens. Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio) or Jeff Merkley (D-Ore.), for instance ― would signal that her camp is taking progressive concerns seriously.

Kaine, by contrast, is setting himself up as a figure willing to do battle with the progressive wing of the party. He has championed the Trans-Pacific Partnership trade deal that both Sanders and Warren oppose, and he is now publicly siding with bank deregulation advocates at the height of Clinton’s veepstakes.

Well, that is concerning.

http://www.huffingtonpost.com/entry/tim-kaine-clinton-vp_us_578fc8e3e4b0bdddc4d2c86c?section=

[villager]

1. "A disaster for the ticket before he's even picked." nt

[forest444]

2. Kaine will definitely push away more voters than he attracts.

I know that party unity is crucial for Hillary, and I hope she realizes the damage picking Kaine might do for her chances.

Polls will probably remain tight until election day, and she can't afford a mistake that big.

[villager]

3. Absolutely. He will be a "nail in the coffin" pick for excluding a substantial swath of primary

...voters. nt

[CrowCityDem]

5. If he makes a difference, those people aren't committed to the Democratic cause.

[KPN]

13. Huh?

Can you explain that further?

[CrowCityDem]

17. If people don't vote because of Kaine, they aren't real Democrats. VP shouldn't be a deal-breaker.

[KPN]

23. You already said that.

So let me ask it this way: what is a real Democrat? How would you define that?

[CrowCityDem]

27. Someone who supports the party, even when their favored candidate doesn't win.

[KPN]

74. OK. I will always support the Party so long as it represents

the best interests of my family, friends, community and the average, run of the day American.

[John Poet]

82. That also describes a Communist!

"Someone who supports the party, even when their favored candidate doesn't win."

Just sayin'.

[NurseJackie]

19. Exactly. It's pretty obvious who they are.

Even though they think themselves clever enough to avoid detection, I still see a lot of posts that appear to still be fighting the primary (in subtle under-the-radar ways and with plausible deniability). Those "concerned" posters seldom miss an opportunity to let us know all the dreadful "mistakes" Hillary is making and how it will cost her the election.

[KPN]

24. Of course you would say that.

So in your world, if a Democrat doesn't favor an option that Hillary is considering, they are still fighting the primary. Any dissent automatically makes one a non-Democrat. Sounds like very un-democratic thinking to me. But I'm not surprised.

[CrowCityDem]

31. No, someone saying they won't vote if the 'wrong' Veep is picked aren't real Dems.

[840high]

55. The poster you replied to

has a well rehearsed line. same-old same-old

[KPN]

75. Thx.

Yeah, i'm aware of that.

[awake]

25. Hillary will need a lot more than just people "committed to the Democratic cause"

She will need to get independents as well, only about a third of voters are "committed to the Democratic cause" if that many.

[CrowCityDem]

29. And Kaine is going to somehow turn them off?

[awake]

32. I am not sure he is the strongest choice

I do not know that much about him but of what I have seen he comes off as bland not the excitement that Elizabeth Warren would bring to the ticket.

[KPN]

78. Seems like you are arguing right now that

anyone who doesn't support Kaine as VP selection is not a true Democrat. How about you wait to see what people have to say about who she actually has announced as her running mate before castigating them for expressions of dissent?

[CrowCityDem]

80. It's not about Kaine. It's about support being so fragile a 'boring' VP would dissuade you.

[KPN]

85. BS ... either way.

Why don't you just ignore or better yet take irrelevant at thos time dissent rather than driving people out of the Party.

[840high]

52. He would be a middle

finger to some of us.

[CrowCityDem]

67. And demanding Hillary make you happy is a middle finger to her.

[840high]

71. I don't wat Hillary to

make me happy. I want her to do right by the country and the middle class.

[CrowCityDem]

72. And that what be doing what she thinks gives her the best chance of winning.

[pnwmom]

28. Why would any of those people, assuming they're sane, rather see Trump elected than Hillary?

They would be helping Trump if they withhold their votes from Hillary.

[PragmaticLiberal]

46. " Kaine will definitely push away more voters than he attracts."

I don't believe he's going to push away any voters.

But with that being said, I don't see him necessarily swaying anyone to Hillary's camp either.

Kaine is "just a guy" as far as VP candidates go.

[KPN]

79. Well, he is a blue dog Dem. There is that.

And there"s also that wouldn't make many liberals happy.

[840high]

50. Yes he will.

[Warren DeMontague]

18. "You buy a bag of peanuts in this town, you get a song written about you"

...but, then, I'm a film geek.

[DonCoquixote]

4. no surprise

Now, let me lay the concerns of the "You are just trying to concern/troll" trolls aside. I plan to vote for Hillary, and to work to get her IN THE OVAL OFFICE. Part of that work begins right now by telling people what they NEED to hear. If you put a person that already like to step on liberals up, you are helping the enemy. If someone whose policy on the TPP and Bank regulation is symmetrical with Mr. Pence, you will not have a great blowout in the election; the debate will just show that portion of the two men nodding their heads and agreeing with each other.

I want Hillary to WIN, that means turnout, that means all the EXCITEMENT some poo poo. Trump won because people tried to play chess with him when he was bringing assault rifles. Hillary is capable of countering those assault rifles with tact nukes, but she will be hindered if all the "we gotta make wall street/er the Reagan democrats/er independents happy" trolls hinder her.

[AgingAmerican]

6. "We gotta make wall street/er the Reagan democrats/er independents happy"

That is exactly why we haven't controlled the congress in any meaningful way over the last 20 years. "We gotta make wall street/er the Reagan democrats/er independents happy" = go right wing = keep losing

[KPN]

14. Yup!

[tblue37]

21. Wall Street *already* prefers Clinton to Trump, and so do many of the

most powerful Establishment Republicans. She doesn't need to woo them with Kaine. I don't want her to pick Warren, ebcause Warren is too important and effective as a Senator.

But she could and should pick someone less blatantly pro-Wall Street/TPP.

[treestar]

7. the first two paragraphs sound bad but also conclusory

that may not be his intent. We'd have to know the details of what he is supporting. Some people will make conclusions like he intends to help the banks when they think the proposal in question does that but Tim thinks it is a good idea for the economy.

[KPN]

15. And he would be wrong aboput that according to many ...

including most liberals.

[kwolf68]

8. Bank Deregulation and TPP

Sounds like the beginning of a nice Republican platform. WTF?

Jeff Merkley is MY kind of Dem. I'd love him on the ticket. He's a stud for the environment, and while a 2nd level issue, shows his moral compass.

Hillary chooses him, she has me locked. But then again, she's not going for people like me.

[KPN]

16. Absolutely -- Merkley would bring many into the fold.

[840high]

53. .that^

[BigDemVoter]

10. WTF. . . .

Yeah, "great" idea. Wasn't the lack of regulation one of the biggest drivers of the 2008 crash?

[geek tragedy]

11. I wonder who dropped this oppo research on him nt

[sufrommich]

12. Where is the call for deregulation? It looks like he's asking that big banks

not be required to make daily reports on their liquidity and instead follow what smaller banks are required to do. As far as his second letter,anyone who belongs to a credit union knows CUs have been fighting republicans trying to force CUs to operate "more like banks" for many years,it isn't a ""protection" for CU members,it's an attempt to destroy credit unions.

[KPN]

22. Read the letter he signed along with just about every Republican Senator.

The CU regulations CFPB is considering also affect small community banks and have nothing to do with the GOP agenda against CUs. Then read the letter that Merkley and 27 other Dem Senators sent on the same two issues.

Kaine is a blue dog Dem (read: Republican on economic issues). His selection would seriously hamper any goal of building unity in the party imo.

[geretogo]

37. Exactly . For me it's either a CU or underneath my mattress .

[sufrommich]

20. Here's the letter on Credit Unions and small banks:

http://www.donnelly.senate.gov/newsroom/press/donnelly-leads-bipartisan-group-of-senators-in-urging-cfpb-to-carefully-tailor-rules-to-community-banks-and-credit-unions



I fail to see the problem.


I don't like Kaine but if he's going to be attacked,be specific and dump the hyperbole.

[elleng]

30. Donnelly and a bipartisan group of Senators wrote, in part, in the letter,

“Congress and federal regulators have long taken the approach that credit unions and community banks should be treated differently from the largest financial institutions and non-bank lenders. It is our hope that the CFPB also takes this approach and considers the impact of its rulemaking on smaller financial institutions and consumers.”

John McKenzie, President of the Indiana Credit Union League, said, "Indiana's credit unions are very thankful for Senator Donnelly's leadership on this important issue. Credit unions are being pulled into regulations that are designed to address problems that they were not involved in creating, which doesn't help our 2.3 million Hoosier credit union member-owners. This letter will help encourage the CFPB to more carefully target its efforts to the largest financial institutions that need more oversight."

Dax Denton, Senior Vice President, Indiana Bankers Association, said, “Unnecessary and arbitrarily applied regulation continues to be one of the most significant impediments to the ability of community banks to meet the needs of their communities. The Indiana Bankers Association applauds Sen. Joe Donnelly’s recognition of the vital impact that the Indiana banking community has on economic growth, and appreciates his support for appropriately tailoring regulation so that Indiana’s communities, businesses and families have the best opportunities available for access to capital.”'

Thanks for the suggestion we deal with facts, sufrommich.

[bluedye33139]

64. I also don't see the evil in this letter

I'm wondering if there are details of the evil plan somewhere else?

[andym]

76. So the idea is to exempt community banks and credit unions from the Consumer Financial Protection

Bureau. Exactly which regulations are too onerous? Does anyone remember what happened to the poorly regulated Savings and Loans organizations in the 80's?

[Koinos]

26. If Kaine is the VP choice, I lose some interest in the GE. But I still vote for Hillary Clinton.

[bucolic_frolic]

34. My guess is it will be someone else

this information is being floated just now - why, exactly?

to show she chooses someone with other points of view?

[Auggie]

38. I feel the same way

[geretogo]

35. Kane will help give the election to Trump .

[CanonRay]

36. He just moved from boring to idiot

in my book.

[mountain grammy]

39. I vote NO!

[jalan48]

40. Sounds like a conservative Wall Street Democrat.

It will be interesting to see which way she chooses to go.

[Moostache]

41. No use for Kaine before I read this....now? MUCH less interest in him on the ticket.

We do not need more ties to banks and banksters on the ticket. Those sons-of-bitches already have Bill and Hillary and won't be touched even though a good number of their ranks deserve life sentences and in the 18th century would be 8 years dead and missing everything above the shoulders for what they did.

If Kaine is another Wall Street / Banker Buddy, then no thank you, pick someone else PLEASE!!!

[FighttheFuture]

42. Kaine .... ugh! From the massive lossees in 2010 while he was DNC chair, His milksop

2006 rebuttal to GWB SOTU; Oh, his big accomplishment at the DNC was the grand redesign of the Democratic Party logo, a D within a circle. Wow!! Like the Dem party was being flushed down the drain. I hope she does not pick this corporatist goof.

[yurbud]

43. In another thread, someone claimed he is much more progressive than people think

so much for that.

[dicksmc3]

44. I contacted the Hillary campaign

Yesterday I sent an e-mail to the Hillary campaign. Today I got the response. I sent a stern argument that to keep us Bernie supporters on board with her presidential bid, I suggested she consider a PROGRESSIVE instead of Vilsak or Kaine. Wanted her to know that the Bernie people are behind her if she picks a PROGRESSIVE. My reply from The Hillary campaign--Thanks for contacting us about your concern for Hillary's VP pick. Then they state-- Be one of the first to know who Hillary has selected as VP before the convention.Thanks for your interest we suggest you join our team at a website they named. What a bunch of BULLSHIT!! They never ever mentioned Bernie, Sherrod or Elizabeth. I wonder is this what we will get from Hillary if she is elected?? More of the same ESTABLISHMENT DEMS and their support for Wall Street and the TPP?? What about our PROGRESSIVE Ideas?? I'm pissed to say the least!!

[colorado_ufo]

45. We can never forget

that the VP is next in line for the job.

The vice president and the cabinet members are truly reflective of a new president's true inclinations.

[840high]

56. yep - we saw that

with Obama's appointments.

[stupidicus]

47. color me shocked

not

[Arizona Roadrunner]

48. Do Hillary and the Dems really want voters?

The Democrats cannot win the election by themselves. They have to be aware of and appeal to Independents too. The fact that a sizeable Democratic party base may not vote at all (why vote for Republican light-Yes people don't vote Democrat party just to vote Democratic party these days. They did that and got Corporate Democrats.) plus not broadening your appeal to independents means we will probably have Trump for President-What a disaster for the country!!!!! The Democrats will have only themselves to blame!

[elleng]

54. Yes, and won't be the first time.

[SHRED]

49. I'm shocked...NOT!

Corporatists of a feather...

[hay rick]

51. I think a lot of progressives are on the fence.

VP Kaine pushing TPP and coddling banks will send a bunch of people to the exits. I wouldn't be standing in their way.

[840high]

57. .+1

[1StrongBlackMan]

58. Did you read the one letter that the article provided ...

it doesn't say what the H/P title says it says.

But that is not surprising.

[iandhr]

59. Anyone concerned...

... should listen to what Senator Brown said on MSNBC. He has unequivocally that the TPP won't happen. He said HRC will continue to oppose it and that Schumer (majority leader of Dems take over)bwill continue to oppose it.

These are issues the VP might not have that much influence on.

[Initech]

60. Deregulating the banks, what a great idea!!

[Feeling the Bern]

61. More conservadems. So much for progressive policies.

[highprincipleswork]

62. If it's Kaine, I'm out of here.

[DianaForRussFeingold]

65. +1

[vi5]

63. I've just gotten to the point of mustering some degree of enthusiasm.....

...if she picks Kaine that enthusiasm will plummet fast.

I've really appreciated the overtures Hillary has been making to the base of the party. Whether it be with regard to race, or economics or whatever. It's really made me think that she's willing and ready to do what it takes to keep things moving in the right direction.

If she picks Kaine it will be a very large signal to me and a lot of other people that as we've worried, those overtures are just words and empty campaign rhetoric and that when the chips are down on an actual decision that has actual consequences, her loyalties lie with establishment conservadems and that she's not really willing to challenge a damn thing when it actually counts.

[DianaForRussFeingold]

68. Well said! nt.

[jzodda]

66. The pool of independents who are undecided is pretty small

So what exactly does he bring her? She will most likely already win Virginia. He brings her zero.

Pick a progressive and then we can overwhelm them with turnout!

[Bluenorthwest]

69. Atavistic bigoted mediocre Tim

nt

[Uponthegears]

70. Can one of the Kaine backers

Explain what voters Kaine will bring with him in November that aren't already solidly behind the strongest Centrist Democrat presidential candidate in history who is already bringing with her the legacy of the two greatest Centrist Democrat presidents in history?

It's like as if northern liberal JFK had picked northern liberal Eugene McCarthy.

[andym]

73. May sound OK in Virginia, these policies won't fly in the rust belt

which Hillary needs to win: Michigan, Ohio, western Pennsylvania, etc

[CentralMass]

77. Well, what an @$$hat he turned out to be.

[NBachers]

81. Sorry, a lame, dim, disappointing VP choice brings a total lack of enthusiasm and participation.

There are choices that will amp up my enthusiasm and participation.

There are choices that will get a go-through-the-motions low-level of enthusiasm and participation, because it means "opportunity lost, more of the same; she's what I feared, not what I wanted."

Tim Kaine or Tom Vilsack generate #2 from me.

[Doctor Jack]

83. I would be more "meh" about the ticket

Of course I would vote for them without hesitation but my excitement level would drop quite a bit. Kaine seems like a smart and honest guy but he isn't much of a progressive, more of a blue dog, DLC democrat. I'm hardly excited about having such a person as VP. Am I comfortable with Kaine actually being the Vice President in 1, 2, 6 years or whatever, sure, no problem. Am I excited about that prospect? Do I feel any sense of hope or enthusiasm about what he will bring to our country? No. He's component without a doubt but I don't share quite a few of his "values", as the media likes to say. He is certainly a democrat from a different era than myself.

If Clinton and her team of experts feel Kaine is the best man on her side to win the election then I yield to their obviously superior judgement. I'm no expert by any means but I think progressives and even somewhat more mainstream progressives (where I think I fit in) would see kaine as the VP and say "oh.....ok".

[NBachers]

84. it wouldn't really get a "Game On! Let's Rumble!" response from me.

It would be more like, "Oh no, here we go with the same old shit again."