In politics, the Third Way is a position that tries to reconcile right-wing Republican Party and left-wing Democratic Party politics by advocating a synthesis of right-wing economic and left-wing social policies. It was created as a re-evaluation of center-left political ideals in response to international doubt regarding the viability of interventionist (Keynesian) economic policies versus the economic libertarianism of the New Right. The Third Way is promoted by some social democratic and liberal movements.
One of the significant factors concerning the 2016 Democratic Party presidential race is that corporate Democrats are scared of Bernie Sanders’ quick rise in popularity in the Democratic Party. This explains why corporate Democrats support Hillary Clinton.
In political campaigns, you have to follow the money. Third Way has been very secretive about where its think tank funding comes from. However, several investigative journalists have uncovered some of the donors and they are not surprising:
- The Chamber of Commerce
- The Business Round Table
These are just a few donors to the Third Way. There is also a laundry list of hedge funds that are donating money. The bottom line is that Third Way is backed by Wall Street titans, corporate money, congressional allies, and corporate Democrats like Hillary Clinton. It is important to note that these same corporate factions also donate to the Republican Party. The existence of Third Way should not come as a surprise. There are essentially no economic differences between a corporate Democrat and a Republican.
‘Third Way’ Members Are Backroom-Cigar-Smoking Wall Street Types.
Third Way and its members would like to see politicians like Bernie Sanders (D-VT) and Elizabeth Warren (D-MA) disappear. Why do Bernie Sanders and Elizabeth Warren and the progressive wing of the Democratic Party scare the hell out of corporate Democrats?
There is the issue of labels in modern day politics. The Third Way Democrats, the Blue-Dog Democrats, the Wall Street Democrats are all centrist in their ideology. It begs the question: Who is in charge of the Democratic Party right now?
Until something drastic happens like electing a Democratic Socialist non-establishment politician like Bernie Sanders, the truth is the Democratic Party is controlled by Wall Street just like the Republican Party. There is much talk how the Republican Party is falling apart. The Tea Party has taken over, and the fringe is now the GOP mainstream.
There is a similar fight taking place in the Democratic party between people who care (like Bernie Sanders and Elizabeth Warren), who are concerned about the middle class and working people of America, and corporate centrist Democrats like Hillary Clinton whose economic policies are not much different than the Republicans.
Third Way President Jonathan Cowan, who claims he is a Democrat, is joined at the hip with Wall Street and is a poster boy for the right wing-oriented Chamber of Commerce. He and his Third Way organization have done nothing for labor unions. This guy is a Republican in a Democrat’s clothing.
The 2016 Democratic presidential race will go a long way in determining if the Democrats reject this corporate agenda. The corporate Democratic Party think tank has submitted over 70 policy proposals they want corporate Democrat Hillary Clinton to take up. The new populist movement by the progressive wing of the Democratic Party is not welcomed by corporate centrist Democrats. Third Way are trying as hard as they can to force Bernie Sanders out of the race. They have tried to put a muzzle on Elizabeth Warren.
Third Way’s position is that someone who is left of center (a Democratic Socialist, liberal, or progressive) will lose by a landslide in the general election. What is ironic is that every major poll right now shows that Bernie Sanders would beat Donald Trump, Ben Carson, Jeb Bush, and Ted Cruz. Moreover, these polls show Bernie Sanders beating these flavor-of-the-week Republicans by a larger margin than the centrist corporate choice Hillary Clinton in the swing states.
Bernie Sanders’ campaign has the potential to change the dynamics of the entire electorate. His campaign is getting young voters’ attention and more importantly, getting them involved in the political process. Bernie has already gotten the endorsement from the American Postal Service Workers Union. Several African American politicians are backing Sanders. Independent voters are choosing Sanders over Hillary Clinton by a wide margin. The truth is Bernie Sanders’ voting base is growing while the corporate centrist Democratic base is stagnant at best.
These facts have caused the Democratic Party Wall Street types to panic and to start attacking Bernie Sanders on being too far left. Plus, who better to lead the charge than pre-ordained corporate Democrat Hillary Clinton?
One of the major problems the Democratic Party has faced is that huge blocks of potential Democratic voters have become disenfranchised from the voting process because they feel there is no real difference between the two parties. They feel that elections are rigged, and their votes don’t count. What Bernie Sanders’ run for president has re-energized these voting blocks.
Granted, there are some major social issues where there is a stark contrast between the two parties. But with issues that deal with low- and middle-earning families being able to feed their children and everyday Americans having a better quality of life, it is fair to say there are no real differences between the Republican Party and the corporate Democrats.
One of the main reasons for this paradox is organizations like Third Way. Corporate Democrats like Hillary Clinton want that Wall Street money. Their belief is you cannot win if you don’t have Wall Street donors and Super Pacs. Bernie Sanders’ campaign is proving that this assumption is not true. Barack Obama’s campaign in 2008 showed this wasn’t true. There is little doubt in this writer’s mind that Hillary Clinton and her corporate Democrat buddies are feeling 2008 deja vu all over again.