Cory Booker Nation: Scott Peters and the Rise of Big Money Democrats
In my column last week, I pointed out what Scott Peters’ accepting the endorsement by the New Democrat Coalition meant. Specifically, I outlined the history of the Democratic Leadership Council and its transformation into the New Democrat Coalition and noted that these organizations have been the chief engines behind the Democratic Party’s shift toward a far more business-friendly orientation. I also observed something that even Bill Clinton’s former advisor Robert Reich has recently written about—that the Clinton administration’s loosening of economic regulations as a result of this ideological shift helped grease the wheels for the great financial train wreck from which we are yet to recover.
This ideological shift in a large chunk of the Democratic Party was made possible by a web of corporate interests funding the DLC and its NDC offspring in order to influence policy on both sides of the aisle. It is, I argued, just as important to note these ideological and economic networks inside the Democratic Party as it is to look at the well-funded think tanks behind folks like Carl DeMaio.






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