This stinks, New Dems!

[flpoljunkie]

New Dems Met With Wall St. Execs While Pushing to Weaken Financial Reform

Zachary Roth
January 6, 2010

A group of moderate Democrats held private meetings this fall with executives from Goldman Sachs and JP Morgan Chase, while in the midst of pushing successfully to water down landmark legislation designed to beef up regulation of the financial industry.

In mid October, members of the New Democrat Coalition (NDC), a caucus of pro-business Democrats, traveled to New York City. According to an emailed itinerary for the trip drawn up by an event planner working for the group and obtained by TPMmuckraker, members met on October 12 with executives from Goldman, and the following day with execs from JP Morgan. Sandwiched between those events was a fundraiser for the New Dems, and a meeting with CEOs from Marsh and McLellan Companies, a consulting and insurance firm.

Based on the itinerary, the Goldman meeting was to be attended by Reps. Joe Crowley and Scott Murphy of New York, and Gabrielle Giffords of Arizona. The JP Morgan meeting was to be attended by Reps. Crowley, Murphy, Melissa Bean of Illinois, John Adler of New Jersey, and Jim Himes of Connecticut -- a former Goldman banker. Crowley serves as NDC's chair, and Bean as its vice chair.

According to a Hill aide familiar with the trip, the Wall Street meetings almost certainly didn't appear on any of the members' official schedules, because they were organized through NDC as part of a campaign trip -- hence the fundraiser -- rather than through the members' offices. If that's the case, the public had no way to know they occurred.

A spokeswoman for the NDC declined to comment on the meetings, referring questions to the individual members involved. None of the members named above immediately responded to requests for comment.

more...

http://tpmmuckraker.talkingpointsmemo.com/2010/01/conservadems_met_with_wall_st_execs_while_pushing.php?ref=fpa

[Hell Hath No Fury]

1. Fuck it.

New Dems. Blue Dogs. The DLC.

A worthless lot, all of them. :puke:

[butterfly77]

2. Don't you mean,,

New CONS

[TomClash]

3. It is part of the "ownership society"

and Wall Street bought some Congressmen and women.

[Armstead]

4. Good catch

The New Democrats and all of their corporate friendly buddies are what ails the Democratic Party.

I sure wish there were more attention paid to this kind of stuff than the latest antics of some "leftist" blogger.

[avaistheone1]

5. These new Dems need to be on a hit list for replacement by more

progressive Candidates. Then the new Dems can be free from the demands of public office and go whore it up at Goldman Sachs etc.

[ShortnFiery]

10. Well put! We need to get the news out to have them Primaried by progressive dems. eom

[avaistheone1]

16. Way to go.

[TheKentuckian]

6. Corporate vampirism has never had a bit of trouble finding new hosts

Don't let a (D) fool ya. They ain't exactly the teabagger crowd but they are sure as shooting Republican as they can be.

Letting these corrupt crooks have the wheel leads to exactly the same place as the corporate Republicans, right into the ditch. Make no mistake who is driving, its these same sellouts that are plotting how best to send us down river without a paddle next. Probably with good ole Timmy G laughing it up and 'splaing the complex issues and getting everybody on the same page.

[dgibby]

7. Welcome to the United Fascist States of Amerika. n/t

[Hello_Kitty]

8. Giffords represents Tucson, which has a lot of poor people and a lot of foreclosures

She needs to get over her love affair with the banks.

[WyLoochka]

11. My whole extended family worked hard

and donated mucho to get Giffords elected. They most assuredly did not do that thinking that she would be cozying up with the Wall Street crooks.

[BlueJac]

9. Obama is a New Dem.........

wake up everybody we have been sold a bill of good and sold down the river!

[Enrique]

12. the DLCers brought empty suitcases with them

and came back with them stuffed with cash.

...Sandwiched between those events was a fundraiser for the New Dems...

:puke:

[burning rain]

13. Vermin.

.

[hulka38]

14. What does the word Democrat mean anymore?

The hint of populism that hung on in campaign speeches the past few decades has been completely overwhelmed by corporate $.

[QC]

15. New Democrat = Old Republican. n/t

[glitch]

21. Even Old Republicans were more moderate than these New Democrats.

More like NeoLiberal = NeoConservative = Corporatist = NeoFeudal = well you know what goes here.

[QC]

25. That's true--sometimes I miss those reasonable, sane Republicans of m y childhood.

They were far to the left of our current "pragmatic" Democrats.

[paulk]

22. actually, I would define them as "Rockefeller Republicans"

Same thing, really, it's just that I grew up in NY.

As the Republican party moves further to the right, these people are filling that space in the middle.

It sucks, because I think the country needs and is ready for a more liberal direction.

If only we had some leadership with the courage to lead in that direction.

[Phoebe Loosinhouse]

17. self-delete.

[frog92969]

18. "They replaced the real stuff with cheap fillers to increase profits"

In a nut shell.:thumbsup:

[mmonk]

19. Thanks for posting.

Many of us know what the problem is. My suggestion is to fight the DLC as they threaten the progressive coalitions of the party. The fact they have assumed power without consent of the Democratic voting publics knowledge of their true politics should bother everyone as we seek needed change in this country. At some point progressives and liberals have to stand their ground and quit getting run over.

[we can do it]

20. Nude Dems at the Airport

[yurbud]

23. this isn't surprising anymore.

[Odin2005]

24. New Democrat = Fascist-lite.