Can Democrats Win by Losing Wall Street?
U.S. Sen. Elizabeth Warren (D-MA) listens to testimony from witnesses during a Senate Banking, Housing and Urban Affairs Committee hearing on 'Mitigating Systemic Risk Through Wall Street Reforms,' on Capitol Hill, July 11, 2013 in Washington, DC.
Photographer: Drew Angerer/Getty ImagesWall Street is once again on the rise in Washington. At least that's what congressional Democrats, in broadsides levied at Republicans and the Obama administration alike, are yelling in increasing numbers. The party's seizing of the anti-Wall Street narrative is instructive as Democrats face the new reality of operating in the minority in both chambers of Congress.
Through two proxy battles playing out right now, Washington and Wall Street are getting a preview of the strategy, tactics, and strength of an increasingly frustrated and vocal left wing that is eager to employ the kind of clout it hopes will be a factor in the 2016 presidential campaign.