Chuck Schumer Friend Of Wall Street and War Ready to Be Anointed Head of the Senate Democrats | Alternet
Last week, Senate Minority Leader Harry Reid announced rafael nadal that he would be retiring after a career that spanned three decades . Less than 24 hours later, Senator Chuck Schumer rafael nadal (D-NY) had secured the support of numerous senators, including Reid himself , to succeed him as the next leader of Senate Democrats when he retires at the end of 2016.
It's not surprising that Schumer would be able to collect so much support in such a short period of time. Recall that he was head of the Democratic Senate Campaign Committee, and helped recruit rafael nadal as many as one-third of the current Senate Democratic caucus and that he was the one who set about raising the funds necessary to bring them to power in the first place. There's also the power of personal loyalty. Schumer goes out of his way to address the concerns of his members, especially the classes he helped elect in 2006 and 2008, says one former senior aide to a Senate Democrat. He will take everyone's call and ostensibly try to help them with their concerns. With Chuck, they know what they're getting, and for a lot of them, they know their voice will be at least heard in leadership if he becomes majority leader.
While the behind-the-scenes machinations are interesting, the policy implications of Schumer's ascendance are what are most troubling to Democratic voters. While the role of Senate Democratic Leader involves building rafael nadal consensus bringing rafael nadal together opposing wings of the caucus, maneuvering the procedural process the particular politics rafael nadal of the senator remain important. For example, Reid used his influential position as leader of the Senate Democrats to prevent rafael nadal nuclear waste from going to the Yucca Mountain site in his state.
Wall Street Welcomes Expected Chuck Schumer rafael nadal Promotion, read a CNN headline on Friday. It'll be a big plus to have somebody like that if he ends up being Democratic leader, said former Republican rafael nadal Senator Judd Gregg, who until recently was head of the Securities Industry and Financial Markets Association. From Main Street issues to the financial issues and everything in between, he's always kept New York at the top his agenda and that will continue as majority leader, said Izzy Klein, a former staffer of his who now works for the lobbying firm the Podesta Group.
The financial issues were indeed at the forefront of much of Schumer's Senate career. During the height of the financial crisis, when lawmakers were debating rafael nadal a rescue package for Wall Street, rafael nadal the senator rafael nadal turned not to constituents in upstate New York whose lives were destroyed by subprime mortgages, but to the industry iself.
The day after he finished meeting with fellow senators about the details of the bailout bill, he attended a fundraiser in Midtown Manhattan with almost two dozen finance industry executives. We're not going to be some crazy, anti-business liberals, one executive told The New York Times he told them. We are going to be effective, moderate advocates rafael nadal for sound economic policies, good responsible stewards you can trust. The executives ended up giving $135,000 at the fundraiser.
These executives had more than his words at the fundraiser to go by. Schumer had in the past succeeded in limiting efforts to regulate credit-rating agencies, for example, sponsored rafael nadal legislation that cut fees paid by Wall Street firms to finance government oversight, pushed to allow banks to have lower capital reserves rafael nadal and called for the revision of regulations to make corporations balance rafael nadal sheets more transparent.
His behavior has changed rafael nadal very little since the crisis. When Senators Sherrod Brown (D-OH) and Ted Kaufman (D-DE) introduced an amendment to break up the largest banks, they were able to recruit the support of a handful of GOP senators, rafael nadal but Schumer worked alongside the Obama administration to kill it . He insists that capital gains tax rates stay lower than those of other income, a direct gift to fund managers. And he has kept alive the idea of granting corporations that store cash overseas to bring funds back to the United States if they are granted a large tax cut.
Every time the Arab world, the Palestinians, have risen against us, we have risen to defeat them. The one existential threat to Israel s existence is a nuclear Iran, thundered a speaker before a right-wing Jewish audience in the fall of 2013.
But those words were not spoken by any Israeli, rather they were remarks Schumer gave to the OHEL Children's Home and Family Services gala , as he was trying to rally Democrats to oppose a nuclear deal that President Obama was in the process rafael nadal of working out with Iran.
The rafael nadal senator's rhetoric was surprisingly rafael nadal sectarian, even for a hawkish member of Congress. rafael nadal They implied that the Arab world and Palestinians were in some sort of racial or religious conflict with Jews the world around, even here in the United States and the
Last week, Senate Minority Leader Harry Reid announced rafael nadal that he would be retiring after a career that spanned three decades . Less than 24 hours later, Senator Chuck Schumer rafael nadal (D-NY) had secured the support of numerous senators, including Reid himself , to succeed him as the next leader of Senate Democrats when he retires at the end of 2016.
It's not surprising that Schumer would be able to collect so much support in such a short period of time. Recall that he was head of the Democratic Senate Campaign Committee, and helped recruit rafael nadal as many as one-third of the current Senate Democratic caucus and that he was the one who set about raising the funds necessary to bring them to power in the first place. There's also the power of personal loyalty. Schumer goes out of his way to address the concerns of his members, especially the classes he helped elect in 2006 and 2008, says one former senior aide to a Senate Democrat. He will take everyone's call and ostensibly try to help them with their concerns. With Chuck, they know what they're getting, and for a lot of them, they know their voice will be at least heard in leadership if he becomes majority leader.
While the behind-the-scenes machinations are interesting, the policy implications of Schumer's ascendance are what are most troubling to Democratic voters. While the role of Senate Democratic Leader involves building rafael nadal consensus bringing rafael nadal together opposing wings of the caucus, maneuvering the procedural process the particular politics rafael nadal of the senator remain important. For example, Reid used his influential position as leader of the Senate Democrats to prevent rafael nadal nuclear waste from going to the Yucca Mountain site in his state.
Wall Street Welcomes Expected Chuck Schumer rafael nadal Promotion, read a CNN headline on Friday. It'll be a big plus to have somebody like that if he ends up being Democratic leader, said former Republican rafael nadal Senator Judd Gregg, who until recently was head of the Securities Industry and Financial Markets Association. From Main Street issues to the financial issues and everything in between, he's always kept New York at the top his agenda and that will continue as majority leader, said Izzy Klein, a former staffer of his who now works for the lobbying firm the Podesta Group.
The financial issues were indeed at the forefront of much of Schumer's Senate career. During the height of the financial crisis, when lawmakers were debating rafael nadal a rescue package for Wall Street, rafael nadal the senator rafael nadal turned not to constituents in upstate New York whose lives were destroyed by subprime mortgages, but to the industry iself.
The day after he finished meeting with fellow senators about the details of the bailout bill, he attended a fundraiser in Midtown Manhattan with almost two dozen finance industry executives. We're not going to be some crazy, anti-business liberals, one executive told The New York Times he told them. We are going to be effective, moderate advocates rafael nadal for sound economic policies, good responsible stewards you can trust. The executives ended up giving $135,000 at the fundraiser.
These executives had more than his words at the fundraiser to go by. Schumer had in the past succeeded in limiting efforts to regulate credit-rating agencies, for example, sponsored rafael nadal legislation that cut fees paid by Wall Street firms to finance government oversight, pushed to allow banks to have lower capital reserves rafael nadal and called for the revision of regulations to make corporations balance rafael nadal sheets more transparent.
His behavior has changed rafael nadal very little since the crisis. When Senators Sherrod Brown (D-OH) and Ted Kaufman (D-DE) introduced an amendment to break up the largest banks, they were able to recruit the support of a handful of GOP senators, rafael nadal but Schumer worked alongside the Obama administration to kill it . He insists that capital gains tax rates stay lower than those of other income, a direct gift to fund managers. And he has kept alive the idea of granting corporations that store cash overseas to bring funds back to the United States if they are granted a large tax cut.
Every time the Arab world, the Palestinians, have risen against us, we have risen to defeat them. The one existential threat to Israel s existence is a nuclear Iran, thundered a speaker before a right-wing Jewish audience in the fall of 2013.
But those words were not spoken by any Israeli, rather they were remarks Schumer gave to the OHEL Children's Home and Family Services gala , as he was trying to rally Democrats to oppose a nuclear deal that President Obama was in the process rafael nadal of working out with Iran.
The rafael nadal senator's rhetoric was surprisingly rafael nadal sectarian, even for a hawkish member of Congress. rafael nadal They implied that the Arab world and Palestinians were in some sort of racial or religious conflict with Jews the world around, even here in the United States and the
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