Mar 01

Time to Drub Debbie Wasserman-Schultz Out of the Democratic Party

The current chairperson of the Democratic Party, Debbie Wasserman-Schultz is part of the reason Democrats are losing in congressional and state races. She exemplifies the truth in President Harry Truman’s statement that “given the choice between a republican and a democrat who acts like a republican, the voter will choose a republican every time.” DWS is now trying to undermine Consumer Financial Protection Bureau by co-sponsoring a GOP bill that would delay payday loan regulations:

The DNC chair isn’t the first Democrat to defend payday lenders. A handful of House Financial Services Committee members consistently join the GOP’s payday loan boosterism. But support from such backbenchers has been politically impotent. Wasserman Schultz, by contrast, is the nominal head of the Democratic Party. Her support undercuts efforts by liberals in Congress to draw contrasts with Republicans on economic issues.

The misleadingly titled Consumer Protection and Choice Act would delay the CFPB’s payday lending rules by two years, and nullify its rules in any state with a payday lending law like the one adopted in Florida. The memo being passed around by Wasserman Schultz staffers describes the Florida state law as a “model” for consumer laws on payday loans, and says the CFPB should “adjust their payday lending rules to take into account actions Florida has already taken.”

Consumer groups are appalled by the bill. The Consumer Federation of America, the NAACP, The National Consumer Law Center, The National Council of La Raza, The Southern Poverty Law Center and hundreds of others wrote a letter to every member of Congress in December urging them to oppose the legislation.

“The problem here is that Florida’s law is a sham,” says Gynnie Robnett, director of the Campaign to Stop the Debt Trap at Americans for Financial Reform. “It was backed by the industry.” [..]

Going after the CFPB is becoming something of a habit for Wasserman Schultz. In November, she voted to undercut the agency’s standards on auto lending, helping car dealers charge higher prices to customers of color. She recently signed onto a letter to CFPB Director Richard Cordray asking him to exempt credit unions and banks with up to $10 billion in assets from consumer protection rules.

DWS is directly responsible for the devastating congressional defeats in 2012 and 2014. Fortunately, she is facing her first primary challenger from the left Tim Canova.

For the first time in her long congressional career, she faces a primary challenger for the Democratic nomination. He’s Tim Canova, a smart, articulate, sophisticated lawyer with a history of activism both with the Occupy movement (he’s against the Wall Street bailout for which Wasserman Schultz voted and the general excesses of big banks and crony capitalism) as well as a steadfast opponent of the Patriot Act (for which Wasserman Schultz repeatedly voted).

He has worked with former New Mexico Gov. Gary Johnson against the drug war and private prisons; worked with the Sanders campaigns of the past; and was a former aide to the late Sen. Paul Tsongas. He is an outspoken advocate of the Ron Paul/Alan Grayson-sponsored Audit the Fed bill, and a vehement opponent of the Trans-Pacific Partnership trade agreement. And he has vowed to run a campaign based on small-donor support, calling Wasserman Schultz “the quintessential corporate machine politician.”

It’s well past time fpr Debbie to go find another job, preferably selling something less toxic than the right wing agenda she espouses.