SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
Speaker of the House Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer in this file. (Photo: Alex Wong/Getty Images)
Democrats Are Hunting Big Game - Did Big Money Already Bag Them?
The party of Pelosi and Schiff is not immune to the influence of Wall Street. Grassroots activists must stay vigilant
Jan 05, 2019
Democrats are now in control of the House of Representatives, under Speaker Nancy Pelosi. After two years of Republican control over both chambers of Congress and the presidency, some balance has been restored to our democracy.
I know and have worked with many members of the 116th Congress. They are people of integrity who will strive to do what is right for America. Nancy Pelosi is tough and courageous. Were it not for her insistence, Barack Obama would not have pushed for the Affordable Care Act.
But they are not miracle workers. Republicans still control the Senate, Trump is still the president, and there is still a conservative majority in the supreme court.
House Democrats will make life harder for Trump, to be sure. They will investigate. They have the power to subpoena witnesses and documents. The ways and means committee is specifically authorized to subpoena Trump's tax returns.
They might even move to impeach Trump, if special counsel Robert Mueller reports what I expect him to.
They will also stop bad laws coming from the Senate - cuts in Medicare and Medicaid, social security and food stamps for the poor.
But they will do little to slow or reverse the growing imbalance of wealth and power in this country, unless they are pushed to do so.
Do not ever underestimate the influence of Wall Street Democrats, corporate Democrats, and the Democrats' biggest funders. I know. I've been there.
In the 2018 midterms, according to the nonpartisan Center for Responsive Politics, big business made more contributions to Democrats than to Republicans. The shift was particularly noticeable on Wall Street. Not since 2008 have donors in the securities and investment industry given a higher percentage to Democratic candidates and committees than to Republicans.
The moneyed interests in the Democratic party are in favor of helping America's poor and of reversing climate change - two positions that sharply distinguish them from the moneyed interests in the Republican party.
But the Democrats' moneyed interests don't want more powerful labor unions. They are not in favor of stronger antitrust enforcement against large corporations. They resist firmer regulation of Wall Street. They are unlikely to want to repeal the Trump-Republican tax cut for big corporations and the wealthy.
They are also very concerned about the federal debt, more so even than the Republican moneyed interests, who see a large debt as leverage to cut popular programs like Medicare. This is presumably why Pelosi included, among the House's first votes, the fiscally conservative "pay-go" measure requiring all new spending to be offset by budget cuts or tax hikes.
Nor is the Democratic party's big money particularly enthusiastic about campaign finance reform, measures such as matching public funding with small donations and disclosing all sources of campaign funding. After all, these measures would reduce their influence.
When it comes to impeaching Trump, some of the Democrat's biggest funders worry that such a move might rile markets. They are counseling the House Democratic leadership to be cautious even when it comes to smaller acts of defiance, such as subpoenaing Trump's tax returns.
In other words, Wall Street and corporate Democrats don't share precisely the same goals as do Democrats at the grass roots who worked hard to create the "blue wave" that put Democrats in control of the House.
It won't be easy. But Trump will lose 'bigly' on immigration | Art Cullen
During my 50 years in and around politics I've found that nothing good happens in Washington unless good people outside Washington are organized and mobilized to make it happen. This is more the case today than ever.
We should support Pelosi and the Democrats when they need our support to do the right things. We also need to push them when they need pushing. And we must fight them when they begin to cave.
We must be unwavering in our commitment to strengthening our democracy and creating an economy that works for all, not just the privileged few. Addressing these issues requires a bold agenda.
So keep vigilant and active. Stay involved in the grassroots organizations that spearheaded the Democrats' victory in November: groups like Indivisible.org, MoveOn.org, aflcio.org, blacklivesmatter.com, swingleft.org, www.sisterdistrict.com, commoncause.org, friendsoftheearth.org, greenpeace.org, ourrevolution.org, publiccitizen.org, and workingfamilies.org, to name only a few. And if you're not yet an activist member, join them.
The fight has only just begun.
An Urgent Message From Our Co-Founder
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |
Our work is licensed under Creative Commons (CC BY-NC-ND 3.0). Feel free to republish and share widely.
Robert Reich
Robert Reich is professor emeritus of public policy at Berkeley and former US secretary of labor. His latest book is the No. 1 New York Times best-seller, "Coming Up Short."
barack obamacorporate powerdemocratic partymueller reportnancy pelosipeople powerrashida tlaibrobert reich
Democrats are now in control of the House of Representatives, under Speaker Nancy Pelosi. After two years of Republican control over both chambers of Congress and the presidency, some balance has been restored to our democracy.
I know and have worked with many members of the 116th Congress. They are people of integrity who will strive to do what is right for America. Nancy Pelosi is tough and courageous. Were it not for her insistence, Barack Obama would not have pushed for the Affordable Care Act.
But they are not miracle workers. Republicans still control the Senate, Trump is still the president, and there is still a conservative majority in the supreme court.
House Democrats will make life harder for Trump, to be sure. They will investigate. They have the power to subpoena witnesses and documents. The ways and means committee is specifically authorized to subpoena Trump's tax returns.
They might even move to impeach Trump, if special counsel Robert Mueller reports what I expect him to.
They will also stop bad laws coming from the Senate - cuts in Medicare and Medicaid, social security and food stamps for the poor.
But they will do little to slow or reverse the growing imbalance of wealth and power in this country, unless they are pushed to do so.
Do not ever underestimate the influence of Wall Street Democrats, corporate Democrats, and the Democrats' biggest funders. I know. I've been there.
In the 2018 midterms, according to the nonpartisan Center for Responsive Politics, big business made more contributions to Democrats than to Republicans. The shift was particularly noticeable on Wall Street. Not since 2008 have donors in the securities and investment industry given a higher percentage to Democratic candidates and committees than to Republicans.
The moneyed interests in the Democratic party are in favor of helping America's poor and of reversing climate change - two positions that sharply distinguish them from the moneyed interests in the Republican party.
But the Democrats' moneyed interests don't want more powerful labor unions. They are not in favor of stronger antitrust enforcement against large corporations. They resist firmer regulation of Wall Street. They are unlikely to want to repeal the Trump-Republican tax cut for big corporations and the wealthy.
They are also very concerned about the federal debt, more so even than the Republican moneyed interests, who see a large debt as leverage to cut popular programs like Medicare. This is presumably why Pelosi included, among the House's first votes, the fiscally conservative "pay-go" measure requiring all new spending to be offset by budget cuts or tax hikes.
Nor is the Democratic party's big money particularly enthusiastic about campaign finance reform, measures such as matching public funding with small donations and disclosing all sources of campaign funding. After all, these measures would reduce their influence.
When it comes to impeaching Trump, some of the Democrat's biggest funders worry that such a move might rile markets. They are counseling the House Democratic leadership to be cautious even when it comes to smaller acts of defiance, such as subpoenaing Trump's tax returns.
In other words, Wall Street and corporate Democrats don't share precisely the same goals as do Democrats at the grass roots who worked hard to create the "blue wave" that put Democrats in control of the House.
It won't be easy. But Trump will lose 'bigly' on immigration | Art Cullen
During my 50 years in and around politics I've found that nothing good happens in Washington unless good people outside Washington are organized and mobilized to make it happen. This is more the case today than ever.
We should support Pelosi and the Democrats when they need our support to do the right things. We also need to push them when they need pushing. And we must fight them when they begin to cave.
We must be unwavering in our commitment to strengthening our democracy and creating an economy that works for all, not just the privileged few. Addressing these issues requires a bold agenda.
So keep vigilant and active. Stay involved in the grassroots organizations that spearheaded the Democrats' victory in November: groups like Indivisible.org, MoveOn.org, aflcio.org, blacklivesmatter.com, swingleft.org, www.sisterdistrict.com, commoncause.org, friendsoftheearth.org, greenpeace.org, ourrevolution.org, publiccitizen.org, and workingfamilies.org, to name only a few. And if you're not yet an activist member, join them.
The fight has only just begun.
Robert Reich
Robert Reich is professor emeritus of public policy at Berkeley and former US secretary of labor. His latest book is the No. 1 New York Times best-seller, "Coming Up Short."
Democrats are now in control of the House of Representatives, under Speaker Nancy Pelosi. After two years of Republican control over both chambers of Congress and the presidency, some balance has been restored to our democracy.
I know and have worked with many members of the 116th Congress. They are people of integrity who will strive to do what is right for America. Nancy Pelosi is tough and courageous. Were it not for her insistence, Barack Obama would not have pushed for the Affordable Care Act.
But they are not miracle workers. Republicans still control the Senate, Trump is still the president, and there is still a conservative majority in the supreme court.
House Democrats will make life harder for Trump, to be sure. They will investigate. They have the power to subpoena witnesses and documents. The ways and means committee is specifically authorized to subpoena Trump's tax returns.
They might even move to impeach Trump, if special counsel Robert Mueller reports what I expect him to.
They will also stop bad laws coming from the Senate - cuts in Medicare and Medicaid, social security and food stamps for the poor.
But they will do little to slow or reverse the growing imbalance of wealth and power in this country, unless they are pushed to do so.
Do not ever underestimate the influence of Wall Street Democrats, corporate Democrats, and the Democrats' biggest funders. I know. I've been there.
In the 2018 midterms, according to the nonpartisan Center for Responsive Politics, big business made more contributions to Democrats than to Republicans. The shift was particularly noticeable on Wall Street. Not since 2008 have donors in the securities and investment industry given a higher percentage to Democratic candidates and committees than to Republicans.
The moneyed interests in the Democratic party are in favor of helping America's poor and of reversing climate change - two positions that sharply distinguish them from the moneyed interests in the Republican party.
But the Democrats' moneyed interests don't want more powerful labor unions. They are not in favor of stronger antitrust enforcement against large corporations. They resist firmer regulation of Wall Street. They are unlikely to want to repeal the Trump-Republican tax cut for big corporations and the wealthy.
They are also very concerned about the federal debt, more so even than the Republican moneyed interests, who see a large debt as leverage to cut popular programs like Medicare. This is presumably why Pelosi included, among the House's first votes, the fiscally conservative "pay-go" measure requiring all new spending to be offset by budget cuts or tax hikes.
Nor is the Democratic party's big money particularly enthusiastic about campaign finance reform, measures such as matching public funding with small donations and disclosing all sources of campaign funding. After all, these measures would reduce their influence.
When it comes to impeaching Trump, some of the Democrat's biggest funders worry that such a move might rile markets. They are counseling the House Democratic leadership to be cautious even when it comes to smaller acts of defiance, such as subpoenaing Trump's tax returns.
In other words, Wall Street and corporate Democrats don't share precisely the same goals as do Democrats at the grass roots who worked hard to create the "blue wave" that put Democrats in control of the House.
It won't be easy. But Trump will lose 'bigly' on immigration | Art Cullen
During my 50 years in and around politics I've found that nothing good happens in Washington unless good people outside Washington are organized and mobilized to make it happen. This is more the case today than ever.
We should support Pelosi and the Democrats when they need our support to do the right things. We also need to push them when they need pushing. And we must fight them when they begin to cave.
We must be unwavering in our commitment to strengthening our democracy and creating an economy that works for all, not just the privileged few. Addressing these issues requires a bold agenda.
So keep vigilant and active. Stay involved in the grassroots organizations that spearheaded the Democrats' victory in November: groups like Indivisible.org, MoveOn.org, aflcio.org, blacklivesmatter.com, swingleft.org, www.sisterdistrict.com, commoncause.org, friendsoftheearth.org, greenpeace.org, ourrevolution.org, publiccitizen.org, and workingfamilies.org, to name only a few. And if you're not yet an activist member, join them.
The fight has only just begun.
We've had enough. The 1% own and operate the corporate media. They are doing everything they can to defend the status quo, squash dissent and protect the wealthy and the powerful. The Common Dreams media model is different. We cover the news that matters to the 99%. Our mission? To inform. To inspire. To ignite change for the common good. How? Nonprofit. Independent. Reader-supported. Free to read. Free to republish. Free to share. With no advertising. No paywalls. No selling of your data. Thousands of small donations fund our newsroom and allow us to continue publishing. Can you chip in? We can't do it without you. Thank you.