Elizabeth Warren Stands Up: Antonio Weiss Goes Down

[demwing]

Last edited Tue Jan 13, 2015, 12:54 PM - Edit history (1)

Warren’s grounds for objecting to Weiss were straightforward: his experience was no fit for the requirements of his proposed Treasury role. On top of that, he had been involved in and therefore profited from acquisitions called inversions that Treasury opposes because they reduce the taxes paid by the acquirer, which uses the acquired company to move its headquarters to a lower-tax jurisdiction.

Today (1/12/15) Weiss withdrew as a candidate for the Treasury position...

...

Having someone with that background as a well placed insider made it abundantly clear how serious the Administration was about cleaning up crisis-related abuses. Having Antonio Weiss, even in a lesser role at Treasury, will, as it did with Lee Sachs, inhibit any investigation into areas that relate to the work he did at Lazard. That’s a feature, not a bug. Having Antonio Weiss in Treasury in any capacity sends a powerful signal that Obama remains deeply committed to advancing the pet needs of major financial firms.

http://www.nakedcapitalism.com/2015/01/elizabeth-warren-takes-scalp-antonio-weiss-withdraws-nomination-3-position-treasury.html

3rd way "Dems" ask us whether America is ready for Economic Populism, but that question is a red herring. America has ALWAYS been populist, and populism is the foundation of the Bill of Rights. The real question is whether the Party Leadership can be made to embrace that populism, and if not, can they be made to get the hell outta the way?

Despite the fact that Weiss will still have a role, he will NOT have any teeth. This is a solid victory for representative government. Whether the party is ready or not, Warren and Sanders are setting the agenda by force of personality and perseverance, and strengthening our populist foundation, one plank at a time.

[Enthusiast]

1. Kicked

and recommended a whole bunch!

[aspirant]

2. The Weiss project

Do you think this was his own decision or came about from White House pressure?

Are we seeing any White House comments of how badly poor little Antonio Weiss was treated?

With a repub senate and only needing 51 votes for nominees,why wouldn't repubs confirm this guy? He seems like a dream nominee for them, but since Obama nominated him does that mean he's dead in the water?

[Cosmic Kitten]

3. America is ready for Populism

3rd way "Dems" ask us whether America is ready for Economic Populism, but that question is a red herring. America has ALWAYS been populist, and populism is the foundation of the Bill of Rights. The real question is whether the Party Leadership can be made to embrace that populism, and if not, can they be made to get the hell outta the way?

That's it, right there.

The general public supports Populist policies
and...Populism has a left-leaning bias.

The corporate-dems must make the switch
or be marginalized by Populists.

[sabrina 1]

4. Good that someone is trying to stop the foxes from guarding the hen houses. Now what

will happen? They can't let anyone into that position who is likely to spill the beans when they find out what has been going on.

Although they could pick someone who has no history with the past corruption but who can be trusted to keep quiet about anything they see.

If we had 300 or more like Warren, the game would up for the money people. But considering how few there are she is doing a fantastic job so far.

[demwing]

5. This depends on Obama

and the people that whisper in his ear...

What names are on the table? Who can Obama offer for this slot that will work for the people, not the plutocrats? I say we start our own whisper campaign.

[sabrina 1]

6. How about Robert Reich? Though he might not want it ....

[Scuba]

7. Spin alert! "Taking a scalp" is highly inflammatory, especially considering her NA heritage.

[demwing]

8. You're right, post edited

Not my title, but I liked the imagery. After you posted, it was obvious to me that I needed an edit, and that the "scalping" was not necessary to tell the story....thanks!

[Cosmic Kitten]

9. Good call

Dunno if Yves intended that entendre
but it is in poor taste.