William K. Black
September 6, 2017 Kansas City, MO
The Wall Street wing of the Democratic Party (Third Way) is relentless in trying to bring back the days in which the Democratic Party’s leaders buried the Party in Wall Street’s pocket under the label “New Democrats.” That period led President Clinton and Vice President Gore to implement disgraceful policies that made Wall Street executives fabulously wealthy at the expense of people. To deliver on their promises to Wall Street, Clinton and Gore had to betray much of what the Democratic Party stood for. Clinton and Gore’s destruction of effective financial regulation, which President Bush exacerbated, created the massively criminogenic environment that blew up the global economy.
I have written several times and documented that Third Way is a creature of, and devoted to, Wall Street’s CEOs. Third Way’s con is describing itself as “centrist.” Wall Street CEOs are not centrist. They include the world’s most powerful and destructive predators and parasites. The “left, right, center” metaphor does not apply to a group like Wall Street’s CEOs. The latest media sucker to fall for Third Way’s con is Politico. Politico fell whole hog, calling Third Way a “center-left think tank.” Fortunately, Google’s recent purge of New America Foundation scholars has proved that “think tanks” financed by elite corporate CEOs are oxymorons run by regular morons. The one thing you can never do as a scholar at a faux “think tank” like Third Way is actually think – and then make public the perfidy of the corporate CEOs that fund the non-think tank.