PCCC, DFA Attack Schwartz’s Wall Street Connections

The Progressive Change Campaign Committee today attacked Gubernatorial candidate Allyson Schwartz for her ties to Third Way which attacked Sen. Elizabeth Warren yesterday.  Third Way, for which the Congresswoman acts as a Co-Chair, is funded largely by major Wall Street firms.  Sen. Warren is known for her opposition to Wall Street and the Too Big To Fail banks which crashed our economy in 2008.  Democracy For America joined the attacks on Schwartz and candidate John Hanger has also chimed in.  

From the PCCC:

Wall Street is trying to marginalize Elizabeth Warren, and we need to bolster her.

Third Way — a Wall Street-funded group that poses as a “progressive” think tank — blasted Warren and her bold economic agenda yesterday in Rupert Murdoch’s Wall Street Journal.

They wrote that Warren’s “economic populism [is] disastrous for Democrats,” including the growing consensus that we must expand — not cut — Social Security benefits.

Shockingly, Rep. Allyson Schwartz is Honorary Co-Chair of this group that’s attacking Elizabeth Warren!

Can you call Allyson Schwartz today and tell her to drop her affiliation with Third Way immediately? Click here for the number.

Third Way receives a ton of money from Wall Street, but they don’t publicize this on their website or in their attacks on Warren’s economic agenda that stands up for the little guy.

Polling shows Warren’s ideas are popular in red, purple, and blue states. In fact, expanding Social Security is popular by 2 to 1 in Kentucky and 3 to 1 in Texas!

Third Way has no grassroots support — they are just a tool for Wall Street and big corporations to attack popular, progressive ideas.

DFA’s Jim Dean had this to say:

“Pennsylvanians already have an unpopular Governor who supports cutting Medicare, Medicaid and Social Security benefits, they don’t need another one who does the same thing by providing cover to the Wall Street-funded front group Third Way.  If Allyson Schwartz opposes cutting the benefits that seniors and working families rely on and earn with every single paycheck, now is the time for her to say so publicly and resign from her position at Third Way.”

John Hanger:

“Third Way’s attack in yesterday’s Wall Street Journal on Elizabeth Warren, Bill DeBlasio, and other Democrats who are fighting for working people was misguided and unacceptable. Sen. Warren has captured Americans’ imagination and Bill DeBlasio won the mayoralty of New York City because they effectively and unapologetically challenge the political elites and the big money interests just as we are doing in our People’s Campaign for Governor in Pennsylvania. Congresswoman Allyson Schwartz can undermine Third Way’s unacceptable attack on good Democrats and important ideas by resigning as Third Way’s Honorary Co-chair. I hope Congresswoman Schwartz joins my call to strongly disavow and rebuke this right wing attack on Senator Warren, Mayor-elect DeBlasio, and progressive policies.”

I’ve been saying all along that as much as I admire Congresswoman Schwartz, she is no progressive.  Yesterday’s attack on these progressive Democrats and her leadership position of Third Way should disqualify Schwartz from consideration by liberals and progressives.  In addition to Hanger Rob McCord and Tom Wolf are strong progressives in the race for Governor.

Sen. Warren today sent a letter demanding that Wall Street firms be forced to open their records about how much they fund think tanks and which ones they finance.

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