The Dangerous Corporate-Funded Morons of Third Way
The statements seem as belligerent as Pete Hegseth on a bad hair day.
“We are preparing for the next war that is coming,” says Jonathan Cowan.
Cowan is president of Third Way, described by The New York Times as a “leading centrist Democratic group.” Cowan’s Third Way is preparing a $15 million war chest to “discredit democratic socialism.”
Pointing to Dr. Abdul El-Sayed’s victory in the Michigan Senate primary last week, Cowan warns that “it is deeply troubling to see radical, far-left candidates winning in places that are potential presidential swing states.”
Well, I find it deeply troubling that faux centrist groups are declaring war on progressives in the pages of The New York Times, without the Times revealing who they really are.
If you bother to look at the funding sources of Third Way — those that have been made public, that is (Third Way is structured as a 501(c)(4) social welfare organization that’s not legally required to publicly disclose its donors) — you’ll find a Star Wars cantina of billionaire megadonors, Fortune 500 CEOs, corporate dark money bundlers, and giant corporations.
Odd that The New York Times chooses to describe Third Way as a “leading Democratic centrist group” without revealing that it’s simply a Trojan Horse for corporate America.
Third Way senior vice president Matt Bennett has even conceded that “the majority” of Third Way’s donor support comes from the group’s board of trustees, most of whom are from the finance sector. (That’s the same Matt Bennett, by the way, who helped stage the infamous “Dukakis in a tank” photo-op that helped sink Dukakis’s 1988 presidential campaign.)
Here’s Third Way’s Board of Trustees (the most recent list available):
Jonathan Vogelstein, chairman of New Providence Asset Management and senior advisor to private equity firm Warburg Pincus.
David Heller, formerly global head of equity trading for Goldman Sachs.
Bernard Schwartz (chairman emeritus), chairman and CEO of BLS Investments.
David Horvitz, chairman of the board and CEO of SouthOcean Capital Partners, LLC and SouthOcean Investment Partners, LLC.
David Coulter, managing director and senior advisor at Warburg Pincus, focusing on the firm’s financial services practice, and former vice chair of JPMorganChase.
William Daley, vice chairman of Bank of New York Mellon, former vice chairman of JPMorganChase, former board member of pharmaceutical companies Abbott Labs and Merck.
John Dyson, chairman of Millbrook Capital Management, Inc. (MCM), a private investment firm that manages a manufacturing company, a vineyard and wine group, and a hedge fund.
Michael Edwards, deputy CIO of investment adviser Weiss Multi-Strategy Advisors.
Andrew Feldstein, CEO and Co-CIO of BlueMountain Capital Management, board member of PNC Financial Services Group, former managing director of JPMorganChase.
Brian Frank, founder and managing partner of Declaration Partners LP, an investment firm seeded by the founder of a large private equity firm.
David Greenwald, chairman of finance law firm Fried Frank, former international general counsel and a deputy general counsel of Goldman Sachs.
Derek Kaufman, former head of global fixed income at Citadel and a member of the firm’s Portfolio Committee, former managing director at JPMorganChase.
Derek Kirkland, managing director and co-head of the Global Financial Institutions Group at Morgan Stanley’s Financial Institutions Group in Investment Banking.
Doug Lawrence, CEO of DPL Green Investment and also managing principal and co-founder of 5 Stone Green Capital, formerly a managing director at........
