The Democratic Party Is Moving Left – Except When You’re Not Looking

[Disir]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

 

[CrusaderFrank]

Putin needs to flip all 25 Democrat Senate seats in the midterm, even Schumers

 

[iamwhatiseem]

Puppets

 

[Moonglow]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

This recycled news article seems to lack one important detail, the name of the supposid bill that has been submitted...

 

[Moonglow]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

Supporters of the bill bristle at the suggestion that it protects racial discrimination. They say it would allow banks to make more loans by cutting costs and help small banks stay in business in a market that favors Wall Street ― standard defenses for any measure that saves money for little banks. A spokesperson for Sen. Mark Warner (D-Va.) said the legislation would not end the reporting of any data about race. That’s technically true: Banks would still have to report the race of loan applicants to regulators, just not the new details about rates and types of loans.

 

[Disir]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

This recycled news article seems to lack one important detail, the name of the supposid bill that has been submitted...

S.2155 - 115th Congress (2017-2018): Economic Growth, Regulatory Relief, and Consumer Protection Act

 

[Mac1958]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP.

This country is in desperate need of a strong and pragmatic Third Party.

 

[Disir]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

Supporters of the bill bristle at the suggestion that it protects racial discrimination. They say it would allow banks to make more loans by cutting costs and help small banks stay in business in a market that favors Wall Street ― standard defenses for any measure that saves money for little banks. A spokesperson for Sen. Mark Warner (D-Va.) said the legislation would not end the reporting of any data about race. That’s technically true: Banks would still have to report the race of loan applicants to regulators, just not the new details about rates and types of loans.

Screw the supporters. Let them bristle.

 

[Disir]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP.

This country is in desperate need of a strong and pragmatic Third Party.

No, they aren't moving left.

 

[Mac1958]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP. This country is in desperate need of a strong and pragmatic Third Party.

No, they aren't moving left.

I believe that you believe that.
.

 

[Moonglow]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

This recycled news article seems to lack one important detail, the name of the supposid bill that has been submitted...

S.2155 - 115th Congress (2017-2018): Economic Growth, Regulatory Relief, and Consumer Protection Act

The bill doesn't discriminate since it doesn't cut out racial data....The article and you are saying that minorities are not smart enough to know how much of a loan they can afford..

 

[Disir]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP. This country is in desperate need of a strong and pragmatic Third Party.

No, they aren't moving left.

I believe that you believe that.
.

It's all wrapped up in a liberal bow.

 

[Disir]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

This recycled news article seems to lack one important detail, the name of the supposid bill that has been submitted...

S.2155 - 115th Congress (2017-2018): Economic Growth, Regulatory Relief, and Consumer Protection Act

The bill doesn't discriminate since it doesn't cut out racial data....The article and you are saying that minorities are not smart enough to know how much of a loan they can afford..

Opinion | The Race-Based Mortgage Penalty

It's about denial from the get go.

 

[Moonglow]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

This recycled news article seems to lack one important detail, the name of the supposid bill that has been submitted...

S.2155 - 115th Congress (2017-2018): Economic Growth, Regulatory Relief, and Consumer Protection Act

The bill doesn't discriminate since it doesn't cut out racial data....The article and you are saying that minorities are not smart enough to know how much of a loan they can afford..

Opinion | The Race-Based Mortgage Penalty

It's about denial from the get go.

Then the bill submitted can't be racist or discriminatory since discrimination already occurs from the banks, not the Democrats on the hill..

 

[Disir]

Meanwhile, less than two decades after 40 congressional Democrats voted for George W. Bush’s regressive tax cuts, not a single one backed Donald Trump’s – even though ten Democratic senators were staring down tough reelection bids in states that the GOP president had won.

By all appearances, the Democratic Establishment has finally concluded that a “stopped-clock socialist” is right a couple times a century – and that their party’s path out of the wilderness cuts away from Wall Street and toward the left.

Or, so it appeared until last week – when more than a dozen members of the Senate Democrats voted to advance a bill that would make it easier for banks to discriminate against black people, coerce mobile-home buyers into predatory loans, and pursue high-risk lending strategies that increase the likelihood of a future financial crisis.

You can pursue more thorough accounts of the legislation’s toxic flaws here and here. But the upshot is simple: In the name of providing regulatory relief to “community banks,” the bill empowers small lenders to abuse consumers; liberates medium-size banks (including ones large enough to have required bailouts ten years ago) from the heightened regulatory scrutiny that Congress had put on them after the 2008 crisis; and provides the nation’s largest banks with various loopholes that will make it easier for them to take bigger risks and evade regulatory oversight.

For these reasons, among others, the Congressional Budget Office has concluded that the bill would significantly increase the odds of taxpayers having to bail out a failed bank in the near-future.

Thus, the fact that so many Democratic senators are eager to help Mitch McConnell pass it – and that Chuck Schumer has made no discernible effort to dissuade them from doing so – raises the question: Have progressives really changed the ideological orientation of the Democratic Party, or does Wall Street still hold the deed to blue America’s “big tent”?
The Democratic Party Is Moving Left – Except When You’re Not Looking


Don't listen to what they say, watch what they do. A platform is nonbinding.

This recycled news article seems to lack one important detail, the name of the supposid bill that has been submitted...

S.2155 - 115th Congress (2017-2018): Economic Growth, Regulatory Relief, and Consumer Protection Act

The bill doesn't discriminate since it doesn't cut out racial data....The article and you are saying that minorities are not smart enough to know how much of a loan they can afford..

Opinion | The Race-Based Mortgage Penalty

It's about denial from the get go.

Then the bill submitted can't be racist or discriminatory since discrimination already occurs from the banks, not the Democrats on the hill..

Keep trying. It isn't what they say.........it's what they do.

 

[Tehon]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP.

This country is in desperate need of a strong and pragmatic Third Party.

What does "left" mean to you?

 

[Mac1958]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP. This country is in desperate need of a strong and pragmatic Third Party.

What does "left" mean to you?

Oh come on, make a point.
.

 

[Tehon]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP. This country is in desperate need of a strong and pragmatic Third Party.

What does "left" mean to you?

Oh come on, make a point.
.

The point that I would make is that the term "left" represents antagonism of existing authority or power structure.

That usage dates back to the French revolution when it first came into usage.

I can't tell how you are using it. The only way for there to be an intelligent dialogue is to first ascertain your intent.

Hence the question.

 

[BlackSand]

What does "left" mean to you?

Oh come on, make a point.
.

Perhaps that is the point being made (especially if you want to get pragmatic about it) ...

The OP suggested they believe the Democrats are not moving left in all manners, as their desire to support legislation that reduces regulations in the banking industry.
In turn, you expressed the idea that the Democrat party is obviously moving left ... Yet failed to define what you have determined that left actually is.

.

 

[Mac1958]

The Democratic Party is obviously moving Left, indeed, but it's being given cover by what has happened within the GOP. This country is in desperate need of a strong and pragmatic Third Party.

What does "left" mean to you?

Oh come on, make a point.
.

The point that I would make is that the term "left" represents antagonism of existing authority or power structure.

That usage dates back to the French revolution when it first came into usage.

I can't tell how you are using it. The only way for there to be an intelligent dialogue is to first ascertain your intent.

Hence the question.

Allow me to graphically illustrate for you. The most obvious and glaring example:
.