Saturday, December 13, 2014

The Speech That Could Make Elizabeth Warren the Next President of the United States

The Warren for President Movement already has a campaign slogan:

"The Best Candidate Money Can't Buy!"

Democrats don't like Wall Street bailouts. Republicans don't like Wall Street bailouts. The American people are disgusted by Wall Street bailouts
And yet here we are, five years after Dodd-Frank with Congress on the verge of ramming through a provision that would do nothing for the middle class, do nothing for community banks, do nothing but raise the risk that taxpayers will have to bail out the biggest banks once again...So let me say this to anyone who is listening at Citi[group]. I agree with you Dodd-Frank isn't perfect. It should have broken you into pieces!
If this Congress is going to open up Dodd-Frank in the months ahead, then let's open it up
to get tougher, not to create more bailout opportunities. If we're going to open up Dodd-Frank, let's open it up so that once and for all we end too big to fail and I mean really end it, not just say that we did.  Instead of passing laws that create new bailout opportunities for too big to fail banks, let's pass...something...that would help break up these giant banks.
A century ago Teddy Roosevelt was America's Trust-Buster. He went after the giant trusts
and monopolies in this country, and a lot of people talk about how those trust deserved to be broken up because they had too much economic power. But Teddy Roosevelt said we should break them up because they had too much political power. Teddy Roosevelt said break them up because all that concentrated power threatens the very foundations up our democratic system.
And now we're watching as Congress passes yet another provision that was written by lobbyists for the biggest recipient of bailout money in the history of this country. And its attached to a bill that needs to pass or else we entire federal government will grind to a halt.
Think about that kind of power. If a financial institution has become so big and so powerful
that it can hold the entire country hostage. That alone is reason enough to break them up.
Enough is enough.  Enough is enough with Wall Street insiders getting key position after key position and the kind of cronyism that we have seen in the executive branch. Enough is enough with Citigroup passing 11th hour deregulatory provisions that nobody takes ownership over but everybody will come to regret. Enough is enough,  Washington already works really well for the billionaires and the big corporations and the lawyers and the lobbyists.
But what about the families who lost their homes or their jobs or their retirement savings the last time Citigroup bet big on derivatives and lost? What about the families who are living paycheck to paycheck and saw their tax dollars go to bail out Citi just 6 years ago?  We were sent here to fight for those families. It is time, it is past time, for Washington to start working for them!  The conventional wisdom is that to win white working and middle class voters, politicians need to move towards the center, meaning towards a more corporate approach. But in a world of growing inequality, stagnating wages, and a fading belief that with hard work your children can have a better life than you had, that may no longer be true.         Senator Elizabeth Warren   United States Senate  December 12, 2014

Senator Elizabeth Warren correctly points out the political system in the United States has become heavily weighted down for the wealthy and many Democrats have forgotten our goal is to protect working families against these forces of massive money campaigns.
If there is one thing that people understand, either they have money or someone else does and that leaves them out of the main stream of American Life.  How much longer will the poor continue to pay the penalty?
 Entertainment attorney, writer and political activist 
December 13, 2014  Huff Post Politics Writes
Elizabeth Warren represents a new politics in which, by challenging the power of the oligarchy, she has the potential of reclaiming the white working class for Democrats and uniting them with the coalition of professionals, single women, gays and minorities who elected Obama. She is the first major national politician in decades who is willing to openly challenge the power of the Wall Street oligarchy, in the manner of Franklin Delano Roosevelt who declared, "They are unanimous in their hate for me -- and I welcome their hatred."
With the increasingly dominant power of big money in politics, could Warren defeat Clinton, Inc. and then go on to defeat what is likely to be the near unanimous support of the Wall Street and corporate elite for her Republican opponent? It's hard to say. But the nation is in too much trouble to settle for a Democratic or Republican candidate of the corporatist status quo. If there's any hope, it's that once in a while the power of organized people can defeat the power of organized money. Elizabeth Warren represents that hope and it's the only thing worth hoping for.                                                                                                                                 
It transformed the conventional wisdom about American politics that the main divide is between left, right, and center, when it is really between pro-corporate and anti-corporate. Her declaration that neither Democrats nor Republicans (meaning the voters, not the Washington politicians) don't like bank bailouts rings loud and true. Tea party supporters don't like bailouts and crony capitalism any more that progressives do.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.