Elizabeth Warren for President by Matt Taibbi

[bobbyw24]

Elizabeth Warren for President

Matt Taibbi

Beyond monitoring how the government is mopping up after the financial crisis, Warren is pushing a proposal that could help prevent the next one: creating a Financial Product Safety Commission to protect consumers from abusive lenders. Mortgages and credit cards, she wrote in a 2007 journal article about the proposal, “should be subject to the same routine safety screening that now governs the sale of every toaster, washing machine, and child’s car seat.”Straightforward as that sounds, it would represent a fundamental shift. “Regulating financial products based on fairness, simplicity, and appropriate risk is an entirely new paradigm,” notes Reid Cramer, director of the New America Foundation’s asset building program. In the wake of the financial meltdown, the idea has gained traction in Washington, thanks in part to Warren’s plainspoken advocacy. “Almost unique among people with deep financial insight, Professor Warren speaks a language that ordinary people can easily comprehend,” says Laurence Tribe, a colleague at Harvard Law. For example, when testifying before a congressional committee in June, Warren summed up the shift in banking this way: “Today’s business model is about making money through tricks and traps.”




We’re coming up on the one- year anniversary of Barack Obama’s election. I think it’s maybe time that we asked ourselves how he’s doing.

He didn’t close Guantanamo Bay, and not only didn’t reject the idea of pre-emptive detention but added spice to his own new version of pre-crime prosecution, “prolonged detention.” He promised health care reform and campaigned on a public option, and we all know how that is going to turn out.

But most importantly, he came into office amidst sweeping crises in the financial sector and did not do what needed to be done, and what had been done the last time the U.S. was sent careening into a depression because of Wall Street: he failed to push for tough financial reforms. Barack Obama needed to be the FDR figure who remade the American capital markets and made them fair again, and he barely laid a finger on the whole scene.

Instead, he put the people who created the problem in charge of fixing the mess, and ended up bailing them out instead of the rest of the country, at huge current and (presumably) future cost.The total bill for the Bush-Obama bailout is certainly above ten trillion at this point — Inspector General Neil Barofsky thinks it might hit nearly $24 trillion ultimately — and this went through without much fanfare. Meanwhile, the congress is stuck in the mud, panicked at the thought of paying three or four trillion over a decade or so for a health care program.

None of this is new news. What is new is the question of what to do about it. I’m personally of the opinion that our main problem lay with the fact that the Democratic Party as currently constituted is more afraid of losing the financial support of Wall Street and the health insurance industry and the pharmaceutical industry than it is of losing progressive voters. In fact, I think I’ve put that wrong, because it implies that the Democratic Party pushes the agenda of industry insiders out of fear. That is a misread of the situation, I think.

I think they prefer those people to their voters. I think they feel more

http://trueslant.com/matttaibbi/2009...for-president/

[NACBA]

Will Matt be getting his wish?

[Spikender]

I agree with Matt.

About time we had a female President.

Run Liz Run.

[NACBA]

She used our tactics to win the senate

The Elizabeth Warren money train just keeps on rolling.

The Harvard law professor and Democrat, who is running for the Massachusetts senate seat currently held by Republican Scott Brown, raised more than $1 million on Thursday alone in a coordinated "money bomb," the timing of which had special significance.

As Politico reports, the massive fundraising haul came two years to the day since Brown won a stunning victory in heavily Democratic Massachusetts, winning the seat held for decades by the late Ted Kennedy. Thursday also marked the official kickoff of Brown's 2012 campaign.

http://www.huffingtonpost.com/2012/0...n_1217750.html

[angelatc]

She used our tactics to win the senate

The Elizabeth Warren money train just keeps on rolling.

The Harvard law professor and Democrat, who is running for the Massachusetts senate seat currently held by Republican Scott Brown, raised more than $1 million on Thursday alone in a coordinated "money bomb," the timing of which had special significance.

As Politico reports, the massive fundraising haul came two years to the day since Brown won a stunning victory in heavily Democratic Massachusetts, winning the seat held for decades by the late Ted Kennedy. Thursday also marked the official kickoff of Brown's 2012 campaign.

http://www.huffingtonpost.com/2012/0...n_1217750.html

This is from 2012.

Elizabeth Warren is evil.

[NACBA]

This is from 2012.

Elizabeth Warren is evil.

LOL--I'd take her over Obama or Clinton any year

[BV2]

Yup. She might not be perfect but she takes banksters to task. Rand v Warren. They do seem to recycle promises. I take it back. She is theye

[angelatc]

Yup. She might not be perfect but she takes banksters to task. Rand v Warren.

You poor naive idiot. She wants to entirely nationalize the banks, and here you are - singing her populist songs.

[NACBA]

You sound like that Gary North dude

[BV2]

Methinks you spoke to soon, vaccinator

[Spikender]

I'd take a pile of dog $#@! over Obama, Hillary, or Liz Warren.

[angelatc]

Methinks you spoke to soon, vaccinator

I am not making this up. Go Google it. She wants post office services to be expanded to include monetary transactions, like lending. Wake the $#@! up already.

[acptulsa]

I am not making this up. Go Google it. She wants post office services to be expanded to include monetary transactions, like lending. Wake the $#@! up already.

Why did you quote only the sarcastic half of his post to make it look like he doesn't agree with you, then start arguing with him?

[BV2]

Go reread my post you flaming bucket of burning stupid.

[NACBA]

Sen. Elizabeth Warren
Democratic Senator from Massachusetts


The poor pay more.

According to a report put out this week by the Office of the Inspector General (OIG) of the U.S. Postal Service, about 68 million Americans -- more than a quarter of all households -- have no checking or savings account and are underserved by the banking system. Collectively, these households spent about $89 billion in 2012 on interest and fees for non-bank financial services like payday loans and check cashing, which works out to an average of $2,412 per household. That means the average underserved household spends roughly 10 percent of its annual income on interest and fees -- about the same amount they spend on food.

Think about that: about 10 percent of a family's income just to manage getting checks cashed, bills paid, and, sometimes, a short-term loan to tide them over. That's more than a full month's income just to try to navigate the basics.

http://www.huffingtonpost.com/elizab...b_4709485.html

[angelatc]

Why did you quote only the sarcastic half of his post to make it look like he doesn't agree with you, then start arguing with him?

"???" I quoted his whole post, which actually included an off topic troll disguised as an insult.


Edited: She isn't "taking the banksters to task." She's maneuvering the final takeover of the banking industry. Careful what you wish for. The same people who think that student loans should be dischargable in bankruptcy are getting ready to back a woman who would readily use the full force of the government guns to strip every last bit of property away from someone who can't pay back a $500 payday loan.

[BV2]

Because I edited the post. She's not being disingenuous, just trigger happy. Let's keep the thread on target.

[acptulsa]

Because I edited the post. She's not being disingenuous, just trigger happy. Let's keep the thread on target.

Ah. First time I saw a thread get edited and quoted at the same time without the 'edited by...' line automatically appearing in it. Interesting.

[BV2]

Yeah, I'm on a kindle o think that has something to do with it.

[William Tell]

Elizabeth Warren is terrible.

3% on the Freedom Index is not so great
http://www.thenewamerican.com/index....nameid=W000817

Elizabeth Warren On The Record

- Elizabeth Warren was born on June 22, 1949 in Oklahoma City, Oklahoma, to Pauline (née Reed) and Donald Jones Herring.

- Warren served as chair of the 5 member Congressional Oversight Panel of the Troubled Asset Relief Program (TARP).

- In August 2012, Rob Engstrom, director for the United States Chamber of Commerce, claimed that "no other candidate in 2012 represents a greater threat to free enterprise than Professor Warren." Warren nonetheless raised $39+ million for her campaign, the most of any Senate candidate in 2012.

- Elizabeth Warren voted YES S. 1157 - The 2014 NDAA, which allows for the arrest of U.S. citizens on American soil and detain them indefinitely without charges or trial.

- Elizabeth Warren voted NO on the Amendment S. Amdt 2867 to H.R 4152 The Senate version of this legislation - offered in the form of a substitute amendment to the House version, H.R. 4152 would provide $150 million for direct aid to Ukraine. It would also provide for unconstitutional loan guarantees (meaning that the U.S. taxpayers would be stuck holding the bag if the loans are not paid). Oligarchs wielding power in Ukraine are hardly "democrats," and (because money is fungible) U.S. assistance could effectively be funneled to Russia in the form of Ukrainian energy and debt payments.

- Elizabeth Warren voted YES on Passage of the Bill S. 1086. The Senate passed S. 1086 on March 13, 2014 by a vote of 96 to 2 (Roll Call 77). It is clear that this bill would unconstitutionally increase federal oversight of child care and impose national standards reminiscent of what the widely reviled Common Core State (read National) Standards are doing to K-12 education. The CBO has estimated that implementing this bill would cost taxpayers $16.8 billion over the 2015-2020 period.

- Elizabeth Warren voted YES on the Motion to Concur in the House Amendment to S.540. This bill (S. 540), entitled the "Temporary Debt Limit Extension Act," would suspend the national debt limit on federal debt through March 15, 2015 - the temporary aspect of the legislation. But the additional debt accumulated between enactment of this bill and March 15, 2015 would not be "temporary," since on the following day the legislation would automatically re-establish the debt limit at a higher level, reflecting the additional debt.

- Elizabeth Warren voted YES on the Motion to Concur in the House Amendment to the Senate Amendment to H.J.Res. 59: A joint resolution making continuing appropriations for fiscal year 2014, and for other purposes. The Senate agreed to the final version of H. J. Res. 59 on December 18, 2013 by a vote of 64 to 36 (Roll Call 281). We have assigned pluses to the nays because with this budget agreement Congress is failing to address its fiscally and constitutionally irresponsible budgeting and appropriating process that is currently yielding annual federal deficits measured in the hundreds of billions of dollars that contribute directly to the dramatic growth of our $17 trillion national debt.

- Elizabeth Warren voted YES on Passage of the Bill S. 815. The Senate passed the bill on November 7, 2013 by a vote of 64 to 32 (Roll Call 232). We have assigned pluses to the nays because the federal government is overstepping its constitutional boundaries by dictating the hiring practices of private employers. While the exemption for religious organizations is a good thing, the bill is still a serious infringement on private property rights as it limits what a person can and cannot do on his or her private property.

- Elizabeth Warren voted YES on the Motion to Table S.Amdt. 1739 to S. 1243 (Transportation, Housing and Urban Development, and Related Agencies Appropriations): To redirect certain foreign assistance to the Government of Egypt as a result of the July 3, 2013, military coup d'etat. The money that would be used for military aid to Egypt would instead be redirected for the repair of U.S. bridges and other critical national highways.

- Elizabeth Warren voted YES On Passage of the Bill S. 744: A bill to provide for comprehensive immigration reform and for other purposes. This bill (S. 744) would provide an overhaul of U.S. immigration policy that features the granting of immediate legal status for most illegal immigrants in the United States (aka amnesty), new visa programs for a wide range of workers from low-skilled to high-skilled, and new border security measures, including biometric identification. While the rate of legal immigration into the United States is currently about one million per year, this bill would raise the average legal immigration rate to several million per year. This bill provides a transition to the open borders sought by the advocates of a North American Union and other regional government schemes threatening our national sovereignty.

- Elizabeth Warren voted NO on the Amendment S.Amdt. 965 to S. 954. Product Labeling for Genetically Modified Food. During consideration of the Farm Bill (S. 954), Sen. Bernie Sanders (I-Vt.) offered an amendment (Amendment 965) to allow states to require that any food, beverage, or other edible product have a label indicating that it contains a genetically engineered ingredient, such as pesticide-resistant plants.

- Elizabeth Warren voted NO on the Amendment S.Amdt. 494 to S.Con.Res. 8: To establish a deficit-neutral reserve fund to promote investment and job growth in United States manufacturing, oil and gas production. According to a Reuters story posted online on May 22, 2013, "The project has been hailed by the energy industry as part of the U.S. push toward energy independence. It is also supported by many unions because it would provide thousands of construction jobs.

- Elizabeth Warren voted NO on the Amendment S.Amdt. 263 to S.Con.Res. 8. The amendment called for a balanced budget in five years with no revenue increases. As Paul said, "This budget is called the Revitalize America Budget. It reforms and saves Social Security and Medicare, making them solvent for 75 years; it creates millions of jobs by letting taxpayers keep an additional $600 billion of their income.

http://www.ronpaulforums.com/showthr...-On-The-Record

[BV2]

I don't think she's terrible. I think she is honest, even if misguided which is baffling

[enhanced_deficit]

This is confirmed sign that EW wwww is daydreaming about O's current cribb.

A few weeks ago, when Warren announced a post-midterms trip to Israel, it was covered as a box-checking exercise for a possible 2016 run.

Elizabeth Warren Sides With Israel, Not With the Liberals Who Keep Daydreaming About Her


So is she AIPAC/Hollywood's moderate neocon's backup in case Hillary slipped?

Elizabeth Warren stands with Israel, but will Israel lobby stand with EW or Hillary for 2016

[BV2]

Hillary is a ringer.

[RonPaulFanInGA]

Ron Paul says Princess Little Big Liar is a socialist:

http://www.huffingtonpost.com/2011/1...n_1081962.html

[NACBA]

Ron Paul says Princess Little Big Liar is a socialist:

http://www.huffingtonpost.com/2011/1...n_1081962.html

LOL

[jonhowe]

I don't think she's terrible. I think she is honest, even if misguided which is baffling

The 1st thing the public at large should have learned is that she is DISHONEST. The whole native american thing should have been a sign...

She also ridiculously claimed that giving kids more student loans would help decrease the cost of college. As if she doesn't understand supply and demand (more loans, more demand, higher prices, very simple) OR the fact that loans have to be paid back.

[angelatc]

Ron Paul says Princess Little Big Liar is a socialist:

http://www.huffingtonpost.com/2011/1...n_1081962.html

She isn't a socialist, she's a full blown communist. She isn't simply "misguided," she's 100% driven by the concept of controlling everything about everybody at all times. She literally envisions good government as a benevolent dictatorship.

[BV2]

Then let me be a litmus: that isn't how she's perceived. Get the word out.

[BV2]

She isn't a socialist, she's a full blown communist. She isn't simply "misguided," she's 100% driven by the concept of controlling everything about everybody at all times.

Precisely why I consider her honest. She disassembled not. And if it's going to be a fight better it's an honest one. Instead of the prevaricated villainy everyone's used to. Remember what dr. Paul said of himself: consistent. A virtue be a virtue

[angelatc]

Precisely why I consider her honest

I am confused. You think she is honest because she is a closet communist publicly identifying as a liberal socialist?

She lied about being Native-American.
She practiced law in MA without a license. (Remember, she is not libertarian. She wants to government to license everything!)
She's been accused of scientific misconduct with regard to her work in economics.

I think she's just another typical hypocrite.