Democrats plans to feed their thuggish agenda
The central political and culture-war tactic of Washington Democrats, and of much of the American Left, is to use Big Business — particularly big finance — to punish political enemies and help the Left’s friends.
For example, Democrats are currently hoping they can use their sway with BlackRock and other investment firms to pressure companies into acceding to union demands.
Sen. Bernie Sanders’s Budget Committee will have a hearing today in which Democratic Sen. Elizabeth Warren will testify about “Wall Street greed.” But really, this is just the Democrats’ efforts to pressure investment giant BlackRock into becoming an activist shareholder in a coal company.
BlackRock is the largest shareholder in Warrior Met, an Alabama coal company whose workers, members of the United Mine Workers of America, are currently on strike. Warren and Sanders have written an open letter telling BlackRock it needs to make sure the UMW wins that dispute.
“Given BlackRock’s stake in the company and your position within BlackRock,” the senators wrote last month, “We are asking you to do the right thing.”
Recall how, after Jan. 6, Democratic lawmakers pushed Facebook and Twitter to drop Trump and pushed Apple and Google to throttle Parler. This is just another version of that.
Banks and other financial companies are an obvious pressure point for Democrats and liberals to push.
New York Times liberal writer Andrew Ross Sorkin has called on banks to basically ban sales of politically unpopular guns by refusing to process payments for such guns.
Why would banks, Amazon, Facebook, and BlackRock go along with these demands? Well, canceling conservatives or giving victories to Democratic-donor labor unions gives you access to the party in power. Maybe it even keeps the regulators off your back for a couple of months.
Using political pressure on banks to accomplish what government cannot is exactly the proposal of Federal Reserve nominee Jamie Bloom Raskin.
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Democrats are using their political power to get business to do their dirty work for them and subvert the freedom of their political adversaries. It is yet another reason to vote against every Democrat on the ballot.
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