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Democratic National Committee Moves Its Money to Union-Run Bank

The Democratic National Committee (DNC) announced today in a press release that it has recently moved its primary banking relationship to Amalgamated Bank, America's Labor Bank. The DNC will use Amalgamated Bank's cash management services to handle its day-to-day banking needs.

Amalgamated Bank was founded in 1923 by the Amalgamated Clothing Workers of America so that workers, labor unions, and progressive organizations would be able to bank with an institution that represented their interests. Today, Amalgamated Bank's largest shareholder is Workers United, an SEIU affiliate.

In announcing the new alliance with Amalgamated, DNC Chair Debbie Wasserman Schultz said, "We are proud to join forces with Amalgamated Bank, an organization with a 90-year legacy of reflecting the values of our nation's middle class. Amalgamated and the Democratic Party share a common heritage of advocating for positive changes in our economy and society to help working men and women achieve their fair share of the American dream. Furthermore, at the DNC, we have a fiduciary responsibility to those who invest in our party; it is critical that we honor their efforts to strengthen our infrastructure and build our organization by partnering with an institution that shares our commitment to standing with America's working families and small businesses, who we believe are the backbone of our country."



Cenk's guest Friday on the "Aggressive Progressive" segment was Darcy Burner, who is running in Washington's first district in the Democratic primary for that seat. She has also been a guest at CrooksandLiars, and is also listed on our "Blue America" page.

Also, Markos Moulitsas of Daily Kos recently attended a Townhall event with Ms. Burner, where he enthusiastically endorsed her candidacy for Congress.

Cenk began with "I love this Aggressive Progressive segment and usually I do it, but I've got an even more aggressive progressive for you. Now you think, "come on, really." Well, it's Darcy Burner. You know what she advocates for, let me show you a quick little list here":

--"First of all, "suing the bejesus" out of corporations for wage discrimination,"
--"Then targeting boycotts against conservative funders"
--"And a campaign to "cast off the shame and embarassment" of women who've had an abortion"

"To which I say, "about damn time." So Darcy's going to join us now and not only is she running in Washington's first district in the Democratic primary for that seat, she also used to run ProgressiveCongress.org, and the Progressive Congress Action fund, and the list goes on and on."

Cenk: So Darcy, what are you doing? I'm told that Democrats aren't supposed to ruffle feathers; you not supposed to be an actual progressive."

Darcy: Well, you know, I think that's a big piece of the problem the Democratic Party has and maybe we should elect more Democrats with actual values.

Cenk: Shocking. Alright, now you've gotten into some quote-unquote trouble by the press there because they say that you're stridently pro-choice. Well, given that the country is 72% in favor of legalized abortion, wouldn't that seem to play to your advantage?

Darcy: One would think. One would think. But there's this culture around the idea that we should all be timid and meek and not actually stand up for the things that matter. I disagree.

Cenk: Now, Darcy, in your district they say well, look now, this is an important swing district and if we have someone clearly on the left here, it might hurt our cause. Now that's conventional wisdom, why do you disagree with that.

Darcy: That isn't what any of the actual numbers show. First, I've been polling ahead of all of the more timid, conservative, 'other' Democrats in this primary. Second, if you look at what happens around the country when you have progressives running and conservative Democrats running, progressive candidates consistently do better than the more conservative candidates. It turns out that American voters like people who will actually fight for them.

Cenk: Shocking! Republicans succeed. Why? They fight, right? They might be wrong, but they fight. Now, Elizabeth Warren also getting a ton of donations in Massachusetts, I just read a story today, they're like...wow, why? Well, it's because she fought the banks. For example, what would you do with the banks, Darcy?

Darcy: We have a huge number of bankers who have broken the laws and they should go to jail. It's long past time the people who brought down the economy for personal profit paid for it.



How A Single Olive Destroyed Common Decency

Moment of Clarity #144: Airlines have now privatized common decency. Why do we put up with this? Why do we abide by their corporate values? [Get more at LeeCamp.net]