Here is some alarming news:

William —

Sen. Elizabeth Warren’s opposition to the nomination of Wall Street crony Antonio Weiss to a key post in the Treasury Department is quickly becoming a defining moment in the battle for the future of the Democratic Party.

It’s a battle we must win.

Wall Street and their allies are doing everything they can stop Sen. Warren. The Washington Post editorial board called the opposition to Weiss a “witch hunt.” Steven Rattner, a wealthy investment banker, claimed that if Sen. Warren prevailed, nobody on Wall Street would want to take a government job again.

Good.

So far, 56,848 Democracy for America members across the country have signed our petition urging Senators to stand with Sen. Warren and reject Antonio Weiss. That’s a great start. But it’s becoming clear that this battle isn’t going to be over in a matter of days. We need to prepare for several weeks, even months, of organizing to stop this nomination.

That’s where you come in. We need your help to fund a campaign to support Sen. Warren and make sure she prevails in this all-important battle between the Warren Wing and the Wall Street Wing of the Democratic Party.

Will you stand with Elizabeth Warren against Wall Street? Chip in $3 or more today!

From all accounts, it appears the battle over the Weiss nomination will last into the new year. We’ll have to target not only Senate Democrats, but eventually the White House, to generate enough pressure to sink this nomination.

We’re also learning more about Weiss’s background. While his work to help Burger King merge with a Canadian company to avoid paying their fair share of U.S. taxes is now well known, over the weekend a prominent financial expert exposed Weiss as being completely unqualified to hold the position of Undersecretary of Domestic Finance:

“Mr. Weiss’s supporters argue that he is highly qualified for this senior fiscal policy job. They are wrong. Mr. Weiss has no known relevant qualification or experience for this position… The treasury job requires knowledge of sovereign credit, experience with the practicalities of public debt sustainability, and an understanding of the intricacies of our national budget. From the public record and otherwise available information, Mr. Weiss has no substantial knowledge or expertise on any of these issues… It’s hard to think of any senior fiscal official from a serious country with qualifications as weak as those of Mr. Weiss.” – Simon Johnson, Baseline Scenario, 12/6/14
Momentum is building to stop this nomination. It won’t be easy, and we won’t stop it overnight. With support from DFA members like you, we can take our government back from Wall Street.

Sen. Warren needs your help. Will you pitch in to build a sustained campaign to stop Antonio Weiss — and show Democrats that we won’t let them side with Wall Street?

Thank you for standing with Sen. Warren in this important battle.

– Jim

Jim Dean, Chair
Democracy for America

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