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White House Calls On Big Progressive Gun: Elizabeth Warren [View All]

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berni_mccoy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 04:05 PM
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White House Calls On Big Progressive Gun: Elizabeth Warren
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Edited on Mon Jan-25-10 04:08 PM by berni_mccoy
Or, in other words: Message from Mass. Voters Received, loud and clear.

http://www.boston.com/bostonglobe/editorial_opinion/ope... /

ON THE day after Tuesdays electoral loss, the Obama administration brought an unfamiliar face to the White House - Elizabeth Warren, the Harvard Law professor noted for her staunch advocacy on behalf the middle class and fierce criticism of the bank bailouts. Perhaps the administration will take a more aggressive approach to Wall Street, along the lines of what Warren wants. But for Democrats to truly take ownership of the economic crisis, Warren will need to play a more prominent role. Not just her ideas, but the force of her personality is needed.

...snip...

Warren has spent her career laying the groundwork for what might be called progressive populism. From her perch in Cambridge, shes excoriated the unfair credit and lending practices that, in part, gave rise to the current crisis. She was the architect of the Consumer Financial Protection Agency, which, if created, would regulate credit cards and mortgages in the same way home appliances are regulated now. (Full disclosure: Warren once wrote about the agency in the publication I help edit.) And well before the bubble broke in the summer of 2007, when America was still riding high on George W. Bushs economy, Warren was speaking out against the incredible pressure the 21st century economy was putting on the middle class. She was derided as a Cassandra, but she was right.



If anyone can help the Obama Administration, it is her. If Democrats in Congress listen to her on the economy and health care reform, it may just put an end to worries about the 2010 election. It's also follow-through on the Obama Administration's take-away statements from the Mass. Senate Election that they were going to take a strong left turn as a result of it.
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