Go Donna
by digby
Bravo to @repdonnaedwards. Showing the leadership to save democracy! The people will rally to your cause. http://t.co/x1BjHaKwNo
— Jeffrey D. Sachs (@JeffDSachs) April 10, 2015
This is what the esteemed economist is talking about:
A Democratic candidate for the U.S. Senate, Donna Edwards, pledged on Thursday to swear off all campaign donations from Wall Street banks, the latest Democrat to assail big financial institutions.
Edwards, who sits in the U.S. House of Representatives, is vying for the Democratic nomination in Maryland along with fellow Representative Chris Van Hollen. She said she was “outraged” by a Reuters report that major Wall Street banks had met to discuss ways to urge Democrats such as Massachusetts Senator Elizabeth Warren to soften their tone against the financial sector.
“Wall Street won’t be happy until Democrats stop listening to progressives like me and Elizabeth Warren – and instead carry out orders from the biggest banks in the world,” Edwards wrote in a campaign announcement that slammed “massive Wall Street corporations” she said had crashed the U.S. economy during the 2007-2009 financial crisis.
Edwards urged Van Hollen, the leading Democrat on the House Budget Committee, to also forgo Wall Street donations. The election is in November 2016.
The announcement is a victory for the advocacy group Democracy for America, founded by former Democratic National Committee Chairman Howard Dean, who lost a bid for the presidential nomination to John Kerry in 2004. The group has been lobbying candidates to forswear Wall Street donations.
“If Democrats want to prove that they’re not owned by Wall Street bullies, it starts by making clear that you can’t be bought and we’re hopeful that other House and Senate candidates will join Donna Edwards in boldly speaking out,” said Jim Dean, the group’s chairman.
I hope Sachs is right and the people will rally to the cause. Democracy is the only tool we have to fight the malefactors of great wealthy and it has to be employed skillfully. Electing people like Edwards is hugely important.
But if she’s eschewing Wall Street money she’s going to need progressives to step up. You can do that here.
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