Elizabeth Warren: Nobody got rich on their own

[SpaceMarine93]

Elizabeth Warren is an American bankruptcy expert, policy advocate, Harvard Law School professor, and Democratic Party candidate in the 2012 United States Senate election in Massachusetts (according to Wikipedia).

In this video she puts the reason for America's current economic crisis and debunks the Conservative view of the American Dream in a short speech to a group of people:



Of course, it's probably not the whole truth or anything, but what she says has merit.

[Thanas]

Too bad the Obama Administration threw her under the bus. She would have done a lot of good.

[SpaceMarine93]

Too bad the Obama Administration threw her under the bus. She would have done a lot of good.

Well, that's bad.

She had forgotten to add that the factory builders in her analogy got the money he needs to build the factory come from the bank, which uses our savings and investment in order to provide the capital he needs to start his business. As far as it is concerned, every successful billionaire in the country start off the backs of many people they come to ignore and exploit. And all this time they boast about how they started from nothing and become successful by their own effort.

What irony.

[SpaceMarine93]

Also, apparently Wall Street is scared sh*tless of her, as seen in this Washington Post article:

Wall Street gears up to stop Elizabeth Warren
By Greg Sargent
Wall Street executives have been quite open about the fact that they really, really don’t want to see Elizabeth Warren get anywhere near the Senate. And it looks like they’re about to ratchet up their efforts to help Scott Brown prevent it from happening — including the influential U.S. Chamber of Commerce.

The Center for Public Integrity reports today that Wall Street and K Street lobbyists are firing up the fundraising on behalf of Brown in a big way. The report quoted multiple big finance types saying Brown’s reelection campaign is crucial, and it noted — without sourcing — that the U.S. Chamber “will be engaged early and heavily in Massachusetts with ads.”

Asked for comment, a Chamber spokesman, J.P. Fielder, emailed me: “Stay tuned.” He declined to say more, claiming he couldn’t discuss the group’s potential political activities, but the Chamber spent big on ads to help get Brown get elected in 2010, so more is likely now on the way. This comes after the New York Times reported that Warren’s “enemies” on Wall Street are getting ready to throw themselves behind Brown, who they view as a key ally, with “new intensity.”

Here’s why this is important: It suggests these powerful interests may think Warren has already shown she’s a threat to Brown. Yesterday, national Republicans were dismissive of a new online poll finding that Warrren is statistically tied with the incumbent. But the unusually early involvement of outside groups suggest that GOP-aligned special interests may in fact see Warren’s challenge to the Senator they’re backing as a serious one.

Here’s another data point. The Rove-founded Crossroads GPS recently went up on the air with a six-figure ad buy slamming Warren for embracing Occupy Wall Street. Yet only weeks before that, Crossroads’ spokesman went on record saying the group was unlikely to get involved in the race unless it “tightened.” Which would suggest the race has ... tightened.

Asked for comment on the U.S. Chamber and other activity gearing up, Warren campaign manager Mindy Myers emailed:

“She stood up to Wall Street and the big banks, demanded and won oversight and consumer protections they didn’t want. No one should be surprised they don’t want her in the Senate.”
The question is whether influential liberal groups will start spending big on the race to match the right. Environmental groups have spent some money — environmentalism is a resonant issue in Massachusetts, particularly among independents — but the big money has yet to flow. Warren herself has embarked on an unusually early and aggressive effort to introduce herself to the state with a minute-long biographical spot backed by six figures, and for now, it’s basically her versus her long time antagonist: Wall Street.

Source:
http://www.washingtonpost.com/blogs/plu ... _blog.html

[Knife]

Too bad the Obama Administration threw her under the bus. She would have done a lot of good.

I'm not sure if she'll do more good as a Senator or as the head of the Consumer Protection Agency. Obviously, the CPA opportunity is past, but to have a vocal advocate of these ideas in the Senate would be nice too.

[KrauserKrauser]

Hell, I'll take her for a Presidency run.

She has just as much if not a little bit more experience as Obama did when he ran.

If nothing else I could depend on her not appointing a Geithner clone to Sec Tres.

[Thanas]

Too bad the Obama Administration threw her under the bus. She would have done a lot of good.

I'm not sure if she'll do more good as a Senator or as the head of the Consumer Protection Agency. Obviously, the CPA opportunity is past, but to have a vocal advocate of these ideas in the Senate would be nice too.

Knowing the senate leadership, they'll probably bury her in some backroom committee.

[Simon_Jester]

It would be amusing to see her up as a filibusterer. You know, a real one, where someone actually stands up on the Senate Floor and just keeps talking until they have to go collapse for lack of food, sleep, urination, or whatever. Not just the "threat is equivalent to the reality" shit we get these days.

[Alerik the Fortunate]

On Facebook discussions someone is calling her the Left's equivalent of Sarah Palin, but I have no idea what could possibly spark that comparison. I haven't heard her say anything that wasn't reasonable, and I've never heard Palin say anything sensible.

[tim31]

She scares the shit out of the other side because she just might get in. That's the comparison.