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DFA comments on fight over new SEC commisioner

News broke this AM that, following pressure from Democracy for America and other progressive groups, the White House is reconsidering appointing corporate attorney Keir Gumbs to a open seat on the SEC.

Here's a statement from DFA Chair Jim Dean on the White House response to growing progressive pressure on the open SEC seat:

"If we won't tolerate a cop who's working with Main Street criminals, why should we put up with potential Security and Exchange Commission leaders who've colluded with the crooks on Wall Street and their industry shill groups to avoid accountability?  

“After watching Wall Street greed wreck the economy in 2008, the very least the American people expect and deserve are SEC leaders committed to relentlessly rooting out the criminal element on Wall Street, not their next career move. "In the weeks and months ahead, we'll continue working with our allies to ensure that Senator Elizabeth Warren and the American people get the dedicated beat cop we need on Wall Street."  -- Jim Dean, Chair, Democracy for America

Please find the email action we sent to our members on this news below and don't hesitate to reach out if you need any additional information.

Neil

EMAIL SENT TO DFA MEMBERS:

---------- Forwarded message ----------
From: Karli Thompson, Democracy for America 
Date: Tue, Jul 7, 2015 at 2:16 PM
Subject: Battle over the SEC: Will President Obama side with the Warren Wing?
To: 

 

Win with Warren

Neil --

HUGE news broke out of Washington last night: Because of the pressure Sen. Elizabeth Warren and progressive organizations have put on the White House to stop the revolving door between Wall Street and the Securities and Exchange Commission, President Obama is second guessing his plan to appoint Keir Gumbs -- yet another corporate lawyer -- to fill a soon-to-be-open spot on the board.

Now, sources say that the White House is heading in the right direction. They're vetting a number of candidates who have no close corporate ties.  But they still haven't taken nominating Gumbs off the table -- or promised that they will stop considering Wall Street alumni as potential candidates for the SEC in the future.

Tell President Obama to do the right thing: Drop all potential SEC nominees who are too close to Wall Street, and nominate real regulators who will be tough on the big banks.

The regulatory power of the Securities and Exchange Commission is hands down the most important check we have on Wall Street power in America. We need the SEC to be an activist body, doing everything it can to protect investors and workers from the unfettered greed of the big banks.

Unfortunately, SEC chair -- and Obama appointee -- Mary Jo White has been a disaster. She has slow-walked critical regulations and has recused herself from important deliberations due to her close ties to Wall Street. In a scathing 13-page letter to White earlier this year, Sen. Elizabeth Warren said that her leadership of the Commission has been "extremely disappointing."

Now that President Obama is preparing to fill two new vacancies within the SEC, we need to know that he won't go back to the same old Wall Street revolving door that handicapped the SEC in the first place.

Tell President Obama: We can't afford to put another one of the big banks' buddies on the SEC. Nominate tough regulators who will stick up for working families now.

During her confirmation hearings, SEC Chair (and former corporate lawyer) Mary Jo White claimed that she would be tougher on the big banks than her tight connections with Wall Street would indicate. But time and time again, when faced with implementing policies like the CEO pay rule and forcing corporations to disclose their political expenditures, White has caved to Wall Street demands.

We want to believe that President Obama learned from his appointment of Mary Jo White. This time, we need him to appoint regulators who aren't fresh out of the revolving door. The American public deserves appointees who will take a tough stance on Wall Street excesses and give some power back to Main Street.

Tell President Obama: No more Wall Street cronies on the SEC. This time, nominate regulators who will protect investors and workers everywhere.

Thanks for being a part of our campaign to hold President Obama and the SEC accountable. It's time to take the power back from Wall Street.

- Karli

Karli Wallace Thompson, Campaign Manager
Democracy for America

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Categories: Press Releases


BREAKING: Democracy for America endorses Lucy Flores for Congress (NV- 4)

BREAKING: Democracy for America endorses Lucy Flores for Congress (NV- 4) 

Burlington, Vt. – This morning, Democracy for America announced its endorsement of progressive champion Lucy Flores in her race for Nevada’s 4th Congressional district.

DFA is a people powered Political Action Committee with 1 million members nationwide, including more than 7,450 in Nevada.

Full endorsement email that’ll be sent to DFA members, below. 

If helpful, here’s an additional quote from DFA Chair Jim Dean on the national progressive organization’s endorsement of Flores:

“From fighting to raise the minimum wage to protecting worker retirement plans and striving to make healthcare more affordable, Lucy has dedicated her career to combating the income inequality that’s crushing too many Nevada families.

“Lucy is the kind of dedicated progressive leader Nevada working families deserve to have standing up for them in Congress.  

“Over the next eighteen months, Democracy for America members in the Silver State and across the country are looking forward to knocking every door and making every phone call we can to help send Lucy to Washington so she can continue her fight for populist progressive priorities like debt-free college, Social Security expansion, and real accountability for Wall Street crooks.” – Jim Dean, Chair, Democracy for America

Since its 2004 founding, DFA members have raised and contributed more than $32.7 million and made more than 10.1 million volunteer calls to help successfully elect 831 progressive candidates nationwide.

FULLY QUOTABLE EMAIL TO DFA MEMBERS

DFA Member --

Of all the Republicans who rode the wave into office in 2014, there's nobody more extreme than Nevada Congressman Cresent Hardy.

He's the one who called disabled children "a drain on society" last month. Before that, he expressed sympathy with Cliven Bundy and his friends who drew guns on federal officials. Cresent Hardy even said Mitt Romney was right to make his infamous remark about "the 47%" -- and that was just last year.

Cresent Hardy narrowly won election in 2014. With stronger Democratic turnout in 2016, we can send this far-right radical packing. We need to make sure his replacement is a strong progressive champion. That candidate is Lucy Flores.

Will you join DFA in supporting Lucy Flores for Congress? Chip in $3 or more to support her campaign today.

Lucy Flores is a champion for the people of Nevada. DFA is proud to endorse Lucy Flores for Nevada's Fourth Congressional District because she will ensure everyday Americans and Nevadans have a fierce champion who will fight to make college affordable, protect Social Security, and hold Wall Street crooks accountable.

Here's one important example of why Lucy Flores is the right Democrat to take on Cresent Hardy. She was the only Democratic candidate in the race to speak out against Fast Track for the Trans-Pacific Partnership. When a crowded primary field stayed quiet, she asked her supporters to join her in opposing Fast Track during the House debate. That shows she's the kind of progressive ally who will stand with us when we need her help.

Lucy Flores is a trailblazer who has lived the American Dream. She was the first to attend college in her family, and was one of the first Latinas elected to the Nevada legislature. She has the experience in life and in office to be a progressive leader in Congress.

Cresent Hardy has to go -- and we need to make sure that a strong progressive replaces him. Chip in $3 or more today to support Lucy Flores for Congress.

Thank you for helping a great progressive.

- Jim

Jim Dean, Chair
Democracy for America

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Categories: Press Releases


DFA founder Howard Dean on Supreme Court ruling on marriage equality: "Love wins... Moral arc of the universe just bent closer to justice, equality"

Since our founding by Gov. Howard Dean in 2004, Democracy for America and it’s million members nationwide have been committed in the fight for the equal marriage rights of all Americans.

If helpful, here’s a statement from DFA Founder, Gov. Howard Dean, on today’s historic marriage equality court ruling:

“Today, love won. This ruling sends a clear message that every American has the right to marry the person they love.

“In 2000, when Vermont passed the nation’s first civil unions legislation, many thought full marriage equality was at least a generation away. Yet, thanks to the painstaking work of thousands of people who dedicated their lives to this fight and refused to settle for anything less than the full equality that all Americans deserve, we’re celebrating this victory just fifteen years later. 

“While we continue the fight to end LGBT discrimination, the moral arc of the universe bent a little closer towards justice and equality for all Americans with today’s historic ruling.” – Gov. Howard Dean, Founder, Democracy for America

About Democracy for America, Gov. Howard Dean and the fight for marriage equality:

  • As Governor of Vermont, Dean signed the nation’s first civil unions legislation in 2000, one of the first of many important victories in the fight for marriage equality.

  • Since its founding following Gov. Dean’s Presidential Campaign, DFA has been committed to the fight for marriage equality:

    • In 2009, DFA helped overturn Gov. Jim Douglas’s veto of Vermont’s marriage equality bill and fought alongside other marriage equality advocates in Maine to protect their marriage bill.

    • In 2012, DFA was part of a strong coalition of grassroots activists which led marriage equality to victory in Maine, Maryland, Minnesota, and Washington -- the first time marriage equality won at the ballot box.

  • Founded in 2004, DFA is a people-powered PAC with 1 million members who have raised and contributed more than $32.7 million and made more than 10.1 million volunteer calls to help successfully elect 831 progressive candidates nationwide.

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Categories: Press Releases


DFA on King v. Burwell: SCOTUS ruling is victory over "GOP's kamikaze attacks against ACA..."

Democracy for America applauds the court’s decision on the Affordable Care Act. ACA is here to stay, period.

Statement from Democracy for America Chair Jim Dean on today’s ruling upholding healthcare reform:

“Today’s ruling isn’t just a victory for the millions of people who will get to keep their healthcare, it’s a victory for the millions more who are sick and tired of the GOP’s relentless kamikaze attacks against a program that Americans want to see improved, not dismantled.

“While Democracy for America members have long believed that Obamacare must be improved by giving every man, woman, and child access to Medicare, the time for the debate about the Affordable Care Act’s legality is definitively over.” -- Jim Dean, Chair, Democracy for America.

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Categories: Press Releases


TRADE VOTE: DFA says Sen Dem betrayal "will be remembered... and we will hold you accountable"

Moments ago the U.S. Senate voted to advance Fast Track for the job-killing Trans-Pacific Partnership.

Quick reaction from Democracy for America's Jim Dean to today's Senate Fast Track vote:

"Senate Democrats who just voted to proceed on Fast Track for the job-killing Trans-Pacific Partnership openly betrayed the grassroots Democratic activists who helped elect them and have been exceedingly clear in their opposition to any legislation that allows more NAFTA-style trade deals to be jammed through Congress.

"The Senate Democrats who allowed Fast Track should know that this vote will be remembered, it will not be erased, and we will hold you accountable.

"Accountability could mean primaries now or in the future, taking no action in your next difficult election, or support for progressive alternatives in future Senate leadership elections.  Make no mistake, the memory of this clear betrayal of working families will follow you for years to come."  -- Jim Dean, Chair, Democracy for America

Founded in 2004, DFA is a people-powered PAC with 1 million members who have raised and contributed more than $32.7 million and made more than 10.1 million volunteer calls to help successfully elect 831 progressive candidates nationwide.


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Categories: Press Releases


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