Wooing Wall Street, Hillary dares Warren to run in ‘16

[KoKo]

(Interesting Column from Wall Street Commentator)

Darrell Delamaide's Political Capital

Politico even quotes “a well-place Democrat” as saying, “Wall Street folks are so happy about having Clinton run that they won’t care what she says.”

So the gauntlet has been thrown down, and the only real question is why Warren, who insists she won’t run for president, would fail to pick it up and rise to the challenge.

Because she’s afraid of losing? Because she’s tired of snarky remarks about her undocumented American Indian heritage? Because she’s too much like Barack Obama as a first-term senator with little political or administrative experience? Because Clinton would beat her at the funding game?

As another potential candidate for the Democratic nomination, Vice President Joe Biden, might say, that’s a “bunch of stuff.”

Someone has got to free the Democratic Party from the albatross of Clintonite centrism, and it’s not likely to be Hillary Clinton.

Dean Baker, co-director of the Center for Economic and Policy Research, argued in his typically lucid fashion in a recent blog post that having so many top figures in the party who earned their chops in the Clinton administration perpetuates a radical misreading of the economic boom in that era.

“They want to preserve the fiction that the prosperity of the late 1990s was due to deficit reduction rather than an unsustainable stock bubble,” Baker writes.

This misreading of the Clinton legacy is why, Baker concludes, so many Democrats join Republicans in harping about the deficit as a problem, when in fact the biggest challenge facing this country is unemployment.

“Politicians love to repeat the canard that families have to eventually balance their budgets, therefore governments must also,” Baker writes. “This assertion makes about as much sense as claiming that the earth is flat because we can see the ground in front of us is level.”

Warren, whose progressive politics go well beyond bank-bashing, could be the one to free Democrats from what Baker calls this “flat-earth economics.”



More of article at:http://www.marketwatch.com/story/wooing-wall-street-hillary-dares-warren-to-run-in-16-2013-12-18?pagenumber=1