Monthly Archives: December 2016

NEP’s Bill Black appears on The Real News Network. Topic of discussion is how the Legarde case reveals how power and money protect the elite. You can view the video below. If you wish to see a transcript, you can view it here.

By William K. Black
December 12, 2016      Bloomington, MN

On December 10, 2016, a New York Times article entitled “Democrats Have a New Message: It’s the Economy First” that unintentionally revealed that the Party’s “centrist” leadership and the paper remain clueless about how to improve the economy and why the “centrist” leadership needs to end its long war against the working class.  This is how the paper explained the five “centrist” leaders’ framing of the problem.

It was a blunt, plain-spoken set of senators who gathered last Monday at the Washington home of Senator Heidi Heitkamp, Democrat of North Dakota, dining on Chinese food as they vented frustration about the missteps of the Democratic Party.

To this decidedly centrist group, the 2016 election was nothing short of a fiasco: final proof that its national party had grown indifferent to the rural, more conservative areas represented by Democrats like Joe Manchin of West Virginia, Claire McCaskill of Missouri, Joe Donnelly of Indiana and Jon Tester of Montana, who attended the dinner. All face difficult re-election races in 2018.

This non-centrist group was a gathering of five New Democrats.  President Obama self-identified himself as a New Democrat.  The Clintons and Al Gore are leaders of the New Democrats.  The leadership of the Democratic National Committee was, and remains, New Democrats.  On economic issues such as austerity, jobs, and full employment, the New Democrats are far more extreme than the (stated) views of Donald Trump.  The New Democrats are infamous for their close ties with Wall Street.  This means that the paper’s description of the Chinese nosh is as clueless as the five New Democrats kvetching about policy “missteps” that they championed for decades.  Of course, neither the paper nor the non-centrists mentioned that critical fact.  The blindness of the non-centrists to the fact that it is their policies that launched the long war by the New Democrats against the working class is matched by the blindness of the paper.

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NEP’s Bill Black appears on The Real News Network discussing Trumps choice for Treasury Secretary. “The joke’s on you if you thought Trump was going to do anything less than deregulate Wall Street,” says former financial regulator Bill Black

You can view the transcript here.