General Discussion
In reply to the discussion: Can we give decent burial to the meme that Bernie Sanders didn't appeal to black voters. [View all]FairWinds
(1,717 posts)that an "establishment" even exists in the party?
Yet another example: Yesterday I re-watched the PBS doco
"The Warning" about Brooksley Born's effort to regulate
OTC derivatives and prevent what she saw as a systemic
risk to the economic system.
The establishment ganged up on her. Greenspan, Rubin and Summers
jumped in to prevent any sort of OTC regulation. They went after her
personally, not just politically.
Born was, of course, right. And it shows why progressives need to keep
fighting to reign in Wall Street.
The Dem establishment is bad for the country, and bad for the party.
In general, establishment Dems promote austerity, and go along with
GOP policies - such as the financial deregulation promoted by Phil Graham
and the other GOPPERS.
Hope this helps . .