http://tinyurl.com/odlf6
"Jeff Faux and Gene Sperling are two titans of Democratic economic policy. Last week, at a forum sponsored by the Campaign for America's Future, they debated the core economic policy differences that define and divide old Democrats from new Democrats (click here for transcript).
Jeff Faux is the founder and former president of the progressive Washington think tank the Economic Policy Institute. Gene Sperling was the head of President Clinton’s National Economic Council from 1996 to 2000. Both have just published new books. Faux’s book is titled The Global Class War: How America’s Bipartisan Elite Lost Our Future—and What It Will Take to Win It Back. Sperling’s book is titled The Pro-Growth Progressive: An Economic Strategy for Shared Prosperity.
The two books provide a marvelous window on today’s Democratic Party. Faux is an old labor Democrat, Sperling a new Democrat. It is striking that two leading Democrats could come up with such fundamentally different accounts of the American economy. This suggests that the Democrats are really two parties when it comes to the all-important economic agenda.
Faux is a political economist, and therefore emphasizes politics in his analysis. Political power lies behind economic policy. His core thesis is that America’s elite, drawn from both Republicans and Democrats, has abandoned America and joined a new global political party—the Party of Davos. Globalization therefore represents a new class war. On one side is a new globalized uber-capitalist class. On the other side are the rest of us, workers everywhere—not just in the United States."
nothing more than a pack of Progressives, it seems, Thanks!
Progressive is Pol sci speak for Socialist. Socialists during the 1960s started calling themselves "Progressives" because they knew Americans would not take their dogmas seriously if they knew the real roots of their economic analysis.