More and more top Republicans and Trump allies continue to publicly distance themselves from this President, following the past tumultuous month of his Presidency (breathlessly summarized today, courtesy of CNN's Brook Baldwin), as capped by his defiant defense last week of the white supremacist rally that turned deadly in Charlottesville.
Democrats are now reportedly beginning to salivate at the idea that a wave election could be ahead for them in 2018, in which they re-gain control of the US House. But is that hope a realistic one? And is their new "Better Deal" plan to capture the majority, focusing on populist economic issues, enough to get them there?
We're joined today by financial author and journalist DAVID DAYEN of The Nation and The Intercept (among other places) to discuss the Democratic Party's plan for rebuilding with new populist regulatory agencies and oversight, which Dayen describes as "quietly radical".
"I don't have high expectations for Democratic campaign plans," he tells me. "But what I will say is that all of the things they've put out thus far all really boil down to one phrase, and that's Fighting Corporate Power."
He details how, based on the popularity of the Consumer Financial Protection Bureau (CFPB), created during the Obama Administration with Elizabeth Warren to fight for consumers rights, Democrats have a host of new oversight organizations that they hope to put in place, in what Dayen describes as the most expansive addition of federal agencies since FDR's Depression-era "New Deal". But, he warns, "credibility is the issue for Democrats — whether they're going to follow through on this 'people vs. the powerful' rhetoric that they sometimes try to bring up to win elections."
We discuss that, as well as the debate on the Democratic/progressive side of the aisle between so-called "identity politics" and economic populism, and what he says he should know about all of the business leaders seemingly abandoning Trump and his Presidential economic councils, which have been publicly disbanded in the wake of Charlottesville. Dayen tells me he "can't believe that people are being duped by (it)…All you have to do is look beyond these 'advisory boards' — which are really nothing more than direct lobbying efforts — to know that the lobbying has just gone underground!"
Also, Dayen explains the purported "trade war" with China that Trump's now-former Chief Strategist Steve Bannon was murmuring about on his way out the door last week.
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