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Posted by TheGoldenRule in General Discussion (1/22-2007 thru 12/14/2010)
Fri Nov 20th 2009, 03:23 PM
One of the loudest populist voices in the Democratic Caucus predicted on Thursday that the party may have to forcefully challenge the White House on economic matters if it wants to hold on to power after the 2010 elections.

One day after calling on Treasury Secretary Timothy Geithner to resign, Rep. Peter DeFazio (D-Ore.) told the Huffington Post that there were a lot of Democrats who were "upset and nervous with" the handling of the economy by the administration.

"It is pretty embarrassing for a Democratic administration and a Democratic Congress to be identified with total attention to Wall Street and nothing for Main Street and jobs," he said. "There are a lot of Democrats who... want to see something more effective done to create employment."

DeFazio insisted that President Obama and, by extension, the Democratic Party were hampered by Geithner's policies for economic recovery. He pointed to the inability of the administration to spur small business lending and the lack of effective TARP oversight as particularly egregious examples of mismanagement. More than anything else, the Oregon Democrat deemed it untenable for the president to continue employing his current economic team given the taint of Wall Street that clings to many of those advisers.

http://www.huffingtonpost.com/2009/11/20/p...
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