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Debbie Wasserman Schultz’s payday loan flip-flop can’t save her job


After the mainstream media recently began to echo what Bernie Sanders supporters have been saying about DNC ​​President Debbie Wasserman Schultz for nearly a year now, Wasserman Schultz has decided to do damage containment to save his career.

Among Wasserman Schultz’s positions seen as the most controversial by his fellow Democrats is his opposition to federal guidelines announced by the Consumer Financial Protection Bureau to regulate predatory payday lenders.

Direct Lender – Oak Park offer borrowers short-term loans at high interest rates, often as a last resort for people living in low-income communities.

Debbie Wasserman Schultz’s opposition to the guidelines can be linked to the $ 68,000 in campaign donations she received from payday lenders, according to the Center for Responsive Politics. His main Democratic challenger, Tim Canova, used donations and his stance against directives as a way to contrast the difference between the two candidates. A liberal group in South Florida even dubbed her “Debt Trap Debbie”.

On June 3, in a statement posted to Facebook, Debbie Wasserman Schultz turned around in her opposition to the payday loan guidelines.

“As a strong supporter and partner of the Consumer Financial Protection Bureau in Congress, I support the CFPB in its efforts to protect Americans from predatory lending,” said Wasserman Schultz, who falsely added that she supported the CFPB’s efforts to regulate payday lenders, but was one of 24 co-sponsors of a bill that would push back the proposed rules. She also recently shared on Facebook President Obama’s bad faith approval for his candidacy for re-election to Congress this year.

Wasserman Schultz’s about-face and desperate attempts to save his career is a testament to the power of Bernie Sanders’ campaign and the overwhelming support it has given to other progressive Democrats. Without the pressures of having to change his positions for political reasons, Wasserman Schultz would continue to favor predatory payday lenders, and there is no indication in Wasserman Schultz’s file that his sudden revelation is genuine.

“This is a direct response to our campaign,” Wasserman Schultz’s main Democratic challenger Tim Canova said in a statement. “We have spent the past five months denouncing our adversary for putting the needs of his corporate donors ahead of the needs of American workers here in South Florida. Now she is hoisting the white flag – and agrees with our campaign after months of intense pressure and well-deserved public outcry. ”

Wasserman Schultz’s about-face is a sign of progress for true progressives, but settling on Debbie Wasserman Schultz to change her stance to appease pressure from progressive Democrats is an inadequate measure to significantly improve the Democratic Party . Politicians like Debbie Wasserman Schultz are to be kicked out of Congress and stripped of their leadership positions in the Democratic Party indefinitely. His opposition to the guidelines set out by the Consumer Financial Protection Bureau, a landmark achievement by Senator Elizabeth Warren to help protect ordinary Americans, is a symptom of the role of big money in politics. “Payday loans are a $ 7 billion industry. It buys a lot of influence in Congress, not just with the GOP, but also with some Democrats, ”Warren tweeted, before Debbie Wasserman Schultz announced her about-face, as a critic of the DNC chairman and relations. other Democrats with payday lenders.

Wasserman Schultz has always favored wealthy donors over the best interests of his constituents. She cannot be trusted to remain committed to a progressive agenda when her positions are for sale. The DNC chairperson can take any progressive stance possible, but her integrity and trust with voters has been compromised on several occasions throughout her career. Debbie Wasserman Schultz and many other corrupt Democrats must realize that Bernie Sanders’ campaign has transformed the political landscape indefinitely by waking voters across the country and making them hold their elected officials to account.