Banking bill tests Schumer's messy midterm strategy for Democrats

cbsnews ^

[ChicagoConservative27]

Senate Minority Leader Chuck Schumer made clear almost two weeks ago that he would vote against a bill that eases some of the Dodd-Frank regulations put in place after the 2008 financial crisis. He also made clear he wouldn't try to stop it.

As more than a dozen Democratic senators helped Republicans chip away at the Obama-era banking law Wednesday, Schumer largely stepped aside, rather than twist arms. It was a do-what-you-must strategy aimed at allowing some moderate Democratic senators to avoid the wrath of powerful banking interests back home. But it also split the party and, some argued, muddied the party's populist message against President Donald Trump ahead of the midterm election.

For Schumer it was a crucial test of how he intends to shepherd a deeply divided group of Democrats through a difficult campaign year, and beyond. While some of his predecessors might have blocked the vote or tried to hold troops in line, Schumer, a New Yorker unafraid of noisy disagreements, was comfortable with some fights within the family.

"When half of our caucus sides with Republicans and the banks, it's impossible to rise above the din and show that we're on the side of the working class," said Brian Fallon, a former top Schumer aide who later advised Hillary Clinton's presidential campaign

[Don Corleone]

Chuck and Nancy’s time has come and gone. These two has beens will be replaced by truly dedicated Socialist/Communists. Quidado!

[DoughtyOne]

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