5 thoughts on “Elizabeth Warren and Axelrod

  1. Din:

    Elizabeth Warren, in fact, is one tough, smart and articulate cookie. She grew up on the ragged edge of the middle class in Oklahoma and became a teacher, a law professor, and a US Senator because America invested in kids like her. She’s spent her career taking on powerful interests and fighting to give every kid the same chance to succeed.

    When Elizabeth Warren was twelve, her dad suffered a heart attack and was out of work for a long time. They were about an inch away from losing their home, when her mom got a minimum wage job answering phones at Sears Department Store. That job saved their home, and it saved their family. From the time she was in second grade, she wanted to be a teacher, but her family didn’t have money for college. She earned a debate scholarship, but dropped out to get married to her high school sweetheart at 19.

    Elizabeth Warren got a second chance at a commuter college in Texas, and she started teaching children with special needs at a public elementary school. Her daughter Amelia was born when she was 22. When Amelia turned two, she enrolled in a public law school. Three years later, she graduated at eight months pregnant with her son Alex. Elizabeth Warren hung out a shingle and practiced law out of her living room, but she soon returned to teaching.

    Elizabeth Warren was a law professor for more than 30 years at Rutgers University, the University of Houston, University of Texas-Austin, University of Michigan, University of Pennsylvania, and Harvard University. She is one of the nation’s top experts on the financial pressures facing middle class families. She taught classes on commercial law, contracts, and bankruptcy, and conducted groundbreaking research on the connection between health care costs and personal bankruptcy.

    During the 2008 financial crisis, Democratic Majority Leader Harry Reid asked Warren to serve as Chair of the Congressional Oversight Panel to provide some oversight of TARP (Troubled Asset Relief Program), the Wall Street bailout. She fought to protect taxpayers, hold Wall Street accountable, and ensure tough oversight of both the Bush and Obama Administrations. She is widely credited for the original thinking, political courage, and relentless persistence that led to the creation of the Consumer Financial Protection Bureau (CFPB).

    As an assistant to President Obama and special adviser to the Secretary of the Treasury, Elizabeth Warren led the establishment of the consumer agency to protect consumers from financial tricks and traps often hidden in mortgages, credit cards, and other financial products. Wall Street opposed the CFPB, and they didn’t want Warren – the agency’s biggest champion – to run it. After Senate Republicans vowed to block her nomination to serve as the first director of the CFPB, Warren ran for the US Senate in her home state of Massachusetts. She has served as the Bay State’s Senior Senator since 2013.

    Elizabeth Warren had been the most prominent and effective Democratic critic of Wall Street throughout the Obama years. The Goldman Sachs wing of the party was unanimous in its hatred for her, and she welcomed that hatred. In fact, she was seen as the president’s heir apparent to Obama. Activists began building her the 2016 presidential campaign she never wanted. It was only after she turned them down, that a sizable grassroots campaign to “draft” Bernie Sanders took shape.

    The right-wing Republicans called everyone with progressive ideas as “socialists” or “leftists”, and branded Bernie Sanders and Elizabeth Warren together, ignoring the fact that Warren was a registered Republican until 1995. The fact that Warren is a “Brandesian liberal” while Sanders is a “Debsian socialist” probably doesn’t matter to the right-wing Republicans.

    There are significant ideological distinctions between Warren and Sanders. Sanders describes himself as a democratic socialist, spent his formative years making documentaries about Eugene Debs, and believes that there is far too much competition in America’s deodorant industry. Elizabeth Warren identifies as “a capitalist to my bones,” spent her formative years as the now nonexistent kind of Republican who believed that markets couldn’t be truly “free” unless they were well-regulated, and has evinced zero interest in nationalizing any deodorant.

    In the simplest possible terms, Warren wants to organize markets to benefit workers and consumers, while Sanders wants to overhaul those markets, taking the private sector out of it. This divide – and
    where Warren or Sanders’s putative rivals position themselves on it –will determine the future of the Democratic Party for the next decade or more.

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