(from http://www.nationofchange.org/bill-clinton-and-steny-hoyer-wall-street-democrats-fight-back-1396013681)
". . . If progressive and populist ideas resonate with most voters, some people have asked, why isn’t the Democratic Party doing better in the polls? Here’s one reason: Some of the party’s most prominent leaders are still pushing Wall Street’s unpopular and discredited economic platform.
Recent speeches by former President Bill Clinton and House Minority Whip Steny Hoyer showed that Wall Street continues to hold considerable sway in their party, despite the fact that its austerity agenda has failed. Its “deficits over growth” ideology has wounded both Europe and the United States. To hear Clinton and Hoyer speak, you’d think we’d learned nothing from the economic experience of the last five years.
What President Clinton says matters. He’s the architect and primary spokesperson for the corporatist and pro-Wall Street wing of his party. He’s also the political and personal partner of the Democratic Party’s presumed 2016 candidate. Enormous sums are being raised for Hillary Clinton’s candidacy even now, which reinforces the Clintons’ enormous influence (and gives them good reason to please the big-money crowd).
Headlines like the AP’s emphasized the “gradual deficit reduction” theme of President Clinton’s talk to the “Clinton Global Initiative University” in Phoenix. The Washington Post reports that President Clinton was given a “glowing introduction” from Michael Peterson. Peterson heads the right-wing, strongly pro-austerity, and staunchly anti-Social Security Peterson Foundation on behalf of his billionaire father Peter G. Peterson. That introduction, we’re told, led to “an extemporaneous riff about deficit issues” (although we wonder how much is truly extemporaneous with this most polished of political performers). . . "
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