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Democratic candidate for the U.S. Senate seat for Massachusetts Elizabeth Warren addresses supporters during her victory rally in Boston, Massachusetts, November 6, 2012. REUTERS/Gretchen Ertl (UNITED STATES - Tags: POLITICS USA PRESIDENTIAL ELECTION ELEC
And the war is on.
The obsessive centrists of the punditverse were abuzz today with praise for supposed centrist Democratic organization Third Way and their grumbling op-ed condemnation of Democratic liberal populism in abstract and "economic populists" like Sen. Elizabeth Warren in particular.

But why would the Third Way, a very reasonable and centrist organization that just wants both parties to get along and agree to cut Social Security, Medicare, and other social programs be so very worked up about Elizabeth Warren, Wall Street reform, and the mere thought of breaking up large banks? Worked up enough to launch an apparently coordinated effort against those things?

A chart of Third Way trustees annotated with general professions of each trustee. Equity and investment managers dominate the list.
Oh. I see.

It is not all that shocking that the Wall Street Way put out an editorial in the Wall Street Journal condemning attempts to point out that Wall Street has, long before the economic crisis and now long after, taken the lion's share of America's economic wealth and left the rest of the nation's citizens to eek by on the increasingly meager crumbs. You form an organization made up almost entirely from wealthy Wall Street partners, ex-partners and other equity managers who don't like the notions of regulation or taxes, that's pretty much what you're going to get.

It's a bit more surprising that any supposedly astute political observer could look at the effort and declare it a "game changer." Lord, now, that's just embarrassing.

Originally posted to Hunter on Tue Dec 03, 2013 at 01:05 PM PST.

Also republished by Massachusetts Kosmopolitans and Daily Kos.

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