The Huffington Post / By Robert Kuttner

Why the Dems' Post-Election Recipe of Getting Even Cozier with the Banks Will Lead to More Disaster

Nancy Pelosi has the chance to help move the Dems' message toward issues that can resonate with the public.

November 10, 2014  |  

 

After the Democrats' drubbing in the 2014 midterm elections, there have been fervent debates about whether the Party should embrace an economic populism to tap pocketbook frustrations -- or move further to the center in the hopes of capturing more independents.
One thing the Democrats did throughout Obama's nearly six years was move closer to Wall Street -- from the economic team Obama appointed, to the administration's premature embrace of deficit reduction promoted by financial moguls, to a bailout plan that shored up the biggest banks rather than breaking them up.
It was this coziness with big finance that allowed the far-right Tea Party movement to paint Wall Street and Washington with the same brush -- and to capture much of the populist rage on display against Democrats in the 2010 midterms and once again on November 4.
So the last thing Democrats need going forward is an even closer affinity with Wall Street, right? Well, the Democrats may soon get even cozier.
http://www.alternet.org/why-dems-post-election-recipe-getting-even-cozier-banks-will-lead-more-disaster