THOM HARTMANN: Corporate Dems in DC in Freakout Mode--Liz Warren Threatens Their Power [View all]

[yurbud]

This is a tough one to limit to four paragraphs, but the essence is corporate Democrats are afraid of Elizabeth Warren because her message is resonating and they know what they are saying about Social Security and how to fix it is a bald-faced lie.

As Paul Krugman recently said, the Third Way folks look at a potential shortfall in revenues twenty years down the road that may lead to cuts in benefits, so their solution is to cut benefits NOW (they step around any mention of raising or eliminating the cap like it's a cat turd on the carpet).

We need Democrats who are listening to and looking out for us, not taking orders from Wall Street even when it means cutting the little bit of Social Security they have left after Wall Street stole their private pension and their house.

Wall Street is a fucking crack addict who gets mad at their family for holding back a dime that they could spend on their habit, even if that dime is all that keeps grandma alive.

We can't afford politicians that keep giving the junkies what they want.

Jim Kessler and the corporate Democrat “moderate” types who support Third Way are absolutely terrified. They’re terrified that Elizabeth Warren and her supporters will upend the stranglehold they’ve had on Democratic politics since the Clinton era.

Warren has said that she won’t run for President in 2016, but that doesn’t really matter. Because even if she makes good on her promise to fill out her Senate term, Warren’s message and her supporters will continue to threaten what the Democratic establishment sees as an easy road to a second Clinton presidency.

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And here’s the thing—those establishment Democrats know that Elizabeth Warren is spot-on when it comes to policy issues.

The idea that Social Security is about to go bankrupt is just completely false. It’s currently running a $2.8 trillion surplus, a surplus that’s expected to rise even higher by 2020.

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And as everyone learned back in 2008 when the financial system collapsed, the 401(k)’s that many Americans now rely on to make ends meet when they leave their jobs are risky and unstable...

http://www.alternet.org/economy/corporate-democrats-dc-already-freakout-mode-liz-warren-threatens-their-power