Third Way and the LieberDems

There's a little bit of a blogswarm around Third Way's new report arguing against economic populism. One of the ways that power flows in DC is that well-funded groups do research that Congressional staffers can't do on their own, and then the research tilts policies the way that group wants. Third Way is such a group; it does a lot of polling and policy work, and presents it to staffers and lobbyists in simple digestible chunks. I'm a little obsessed with Third Way, because they are part of the whole LieberDem axis, a second generation younger and hipper version of the DLC.

They have attracted a following because they are able to provide seemingly credible and useful information. Their recent report, which Yglesias ably takes apart here, is an attack on Jim Webb and the politics that won the election in 2006. I'm not particularly interested in the wonky flaws of Third Way; it's the politics are fascinating. Now, I've never liked Third Way because their research is slanted towards pro-corporate policies that make no sense. It's not just that Jonathan Cowan, the President, is an avid Social Security privatizer. Third Way is explicitly set against the Democratic Party in their very conception and name, and doesn't engage in a wider public debate about their policies and ideas. It's a closed shop that operates through quiet closed corridors.

Judging from the board members of the group, this shouldn't be a surprise. According to the Wall Street Journal, 14 out of 18 of them "are current or former CEOs or investors including several hedge fund managers and the cohead of global equity trading at Goldman Sachs" (hopefully these people will begin to think better of their association with this group). And one of the group's founding donors, Andrew McKelvey, may soon be indicted for backdating stock options. The Third Way site has been scrubbed of McKelvey references, but I found the press release on a message board somewhere. McKelvey has a long history with Jonathan Cowan and Matt Bennett, funding their wholly unsuccessful group Americans for Gun Safety, the DLC of the gun control fight which lost pitifully to the NRA earlier this decade.

Anyway, this is what the LieberDems are up to these days - writing hack reports against winning Democratic messages financed by billionaires who are under investigation for defrauding their investors.



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Re: Third Way and the LieberDems (none / 0)

Al Gore could be in some backdating hot water in the not too distant future, as well. (And don't even ask Steve Jobs.)

Securities law is the most contradictory, self-defeating, anti-progress morass in the entire swamp that is our legal code. Pretty much anyone who does anything beyond blind indexing can be nailed at any time, depending on how much the government is pissed with them at any given moment.

It's the biggest reason why so many companies are going private ("private equity") -- being listed on a public exchange imposes way, way too many regulatory costs. Well intentioned regulatory law like Sarbox has become the quintessential case study of, "the perfect is the enemy of the good."


by jforshaw on Tue Feb 20, 2007 at 07:09:39 PM EST

Re: Third Way and the LieberDems (3.00 / 2)

Oh whatever.


by Matt Stoller on Tue Feb 20, 2007 at 07:12:46 PM EST
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Re: Third Way and the LieberDems (3.00 / 1)

I've heard complaints about SarbOx, but not of the "perfect is the enemy of the good" variety. Usually that means something more along the lines of not doing anything because you can't do it perfectly. For instance, opposing the "good" step of health care for all children, b/c it's not the "perfect" single-payer universal coverage. SarbOx is maybe more a problem of "the law of unintended consequences." Or perhaps "too much of a good thing." Or even "the devil is in the details." This assuming you agree with the criticisms that SarbOx is bad/problematic. I don't know enough to make a sound judgement, but it usually sounds to me like typical antiregulatory whining, and given past experience, there is clearly a need for accounting oversight.


by jujube on Tue Feb 20, 2007 at 07:47:52 PM EST
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Re: Third Way and the LieberDems (3.00 / 1)

I agree with you.  

This "third way" is exactly the way to ensure defeat.  But more importantly, economic populism is right.  If Democrats are not economic populists, then I don't want to be one.  Two corporate parties are at least one too many.  The best thing the Dems have done recently is return to its roots as a party of "common folks," you know, the ones the investor class have been screwing for a while.  Webb, Tester, Edwards, Kennedy ( he always was with the people).  Those are Democrats.  

The Third Way can return to the Republican Party where they belong.


by littafi on Tue Feb 20, 2007 at 07:58:46 PM EST

Re: Third Way and the LieberDems (3.00 / 1)

I have always admired Kennedy for his constant service to people and the regular person working for a living.  It is why I also support Edwards and feel that his message needs to get out and be understood.  The populist message is bigger than any person but it is does not have a loud voice in the media for obvious reasons.  And for those reasons Edwards has an uphill struggle to be heard.  

I am always amazed how people both on the left and the right don't readily pick up on the message that serves them and their community.  Instead they are looking for the savior leader.  

I had never paid much attention to the Third Way but just went to their website.  There is a true disconnect with calling themselves progressive and at the same time advocating against progressive ideals.  I just skimmed over The New Rules Economy.  It is very clever and seductive, but fundamentally tells people that it is the indvidual's problem if he or she is not doing well.  All is good if you understand these new rules.  Corporations really are that bad.  Yes CEO salaries are a little out of line, but it is a drop in the bucket given their revenues.  Right there, their agenda is suspect.

I was going to go on but I am developing some anger over these neo-cons masquerading as so-called progressives.


I am an Edwards Democrat. Visit EENR blog for Progressives
by pioneer111 on Tue Feb 20, 2007 at 08:28:05 PM EST
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Re: Third Way and the LieberDems (none / 0)

key typing error -  it should say "Corporations really aren't that bad."


I am an Edwards Democrat. Visit EENR blog for Progressives
by pioneer111 on Tue Feb 20, 2007 at 08:33:04 PM EST
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Re: Third Way and the LieberDems (none / 0)

Somehow or other I ended up at the Third Way site the other day. And, as I normally do at sites not familiar to me, I took a look at the people involved. I pretty much figured their slant as soon as I saw the BoD.

But, what I want to ask is this- where do people that do not fit comfortably on either side of this debate go? I speak only for myself, but I believe there are others out there who are not corporatists, but neither are they populists.

And, why are we starting this all over again? The most important thing to me is ending the errors of the past six years. But people like the Third Way and the DLC would rather undermine the progress we've made in the past year. Why the f*ck do they insist on being such flaming a$$holes?

Ugh.


by muscleheadblog on Tue Feb 20, 2007 at 08:14:12 PM EST

Re: Third Way and the LieberDems (3.00 / 1)

Why the f*ck do they insist on being such flaming a$$holes?

Because they can't admit they are wrong...  and they would lose their political power, and corporate sponsors.

The way NAFTA was sold was a huge lie, and instead of amending our screwed up trade to fair trade they continued the arrogance, cronyism until we are now practically on the abyss...  Populism is a way to try and swing the pendulum to a more to a sustainable and comfortable way of competing in this dog eat dog world.


by SandThroughTheEyeGlass on Tue Feb 20, 2007 at 08:38:57 PM EST
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Re: Third Way and the LieberDems (none / 0)

Worst still, they really believe in it.


"And so in the place of the palace of privilege, we seek to build a temple out of faith and hope and charity."-FDR
by jallen on Tue Feb 20, 2007 at 10:46:59 PM EST
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Re: Third Way and the LieberDems (3.00 / 1)

sounds like a nice cover group for the DLC.  A training ground for the failed 90s policies that did so much damage to the democratic party.
Our party is now on the right path with the populism of the new group that just came in.
A few weeks ago I caught Sherrod Brown making his maiden speech on the senate floor.  It addressed all the things we care about in regards to jobs, economy, ect.  He so moved the grand old man, R. Byrd that he stood up and praised Sen. Brown for an empassioned and wonderful speech.
People like Brown and Webb and the ideas of howard Dean is what we, as a party, should stick with and drive these 3rd way dinos out.
by vwcat on Tue Feb 20, 2007 at 08:25:39 PM EST

Re: Third Way and the LieberDems (none / 0)

If Democrats are not economic populists, then I don't want to be one.

I have never felt this way before.  I was always willing to give the Dems one more chance.  But I will not vote for a corporatist.  I just finished a book that Bill Moyers said should be one of three on the desk of every congress critter.  Norton Garfinkle's "The American Dream vs. The Gospel of Wealth".  He talks of the  simplicity of Lincoln's vision that introduced the concept of government's duty as "clearing the path".  Not getting out of the way.  But doing the hard work of clearing stumps and moving rocks.  So that everyman could realize his potential.  Each citizen had a chance to achieve individual economic  opportunity.  In the last 26 years the American citizen has not been rewarded for his labor.  Instead of government helping to "clear the path", it has actually put up roadblocks and not repaired the potholes. Government has let big business put "thumbs on the scale".
I wrote a piece once called "Hey, Get Your Own Party.".  I understand that the Eisenhower Republicans got booted out of their party by the Fundamentalists and neo cons.  So rather than build their own party, they decided to steal the party that I have belonged to since 1968.  This is our year to tell them "No".  Take back your party and leave the party of FDR to us.  That's why my guy is John Edwards.  He's not a savior.  He is a hard working super smart guy that like Abe Lincoln has not forgot where he comes from.
Viva Zapata!  Viva Las Vegas! and Cut to the Revolution!  
Join the Feral Cats of Freedom Coughing Up Hairballs of Truth in the Montana Underbrush
by Feral Cat on Tue Feb 20, 2007 at 09:21:53 PM EST

Re: Third Way and the LieberDems (none / 0)

Wow, using liberal frames to argue for populism.  Thats the kind of crossover that we need more of.


"And so in the place of the palace of privilege, we seek to build a temple out of faith and hope and charity."-FDR
by jallen on Tue Feb 20, 2007 at 10:49:10 PM EST
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