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Wed Dec 24, 2014, 08:39 AM

The Hill: Why Elizabeth Warren should be the next president

Why Elizabeth Warren should be the next president
12/23/14

...The 2008 financial crisis, not terrorism or any other recent threat, posed the greatest risk to this country since the Cold War.

...A champion of the free market, even Greenspan acknowledged that not only did he not see the crash, but certain aspects of deregulation that he and others espoused actually helped cause this financial catastrophe.

If you feel this vantage point is merely “populist” hyperbole and Warren’s position on the spending deal isn’t warranted, then read what David Ignatius wrote in a 2008 Washington Post article about Hank Paulson’s real time view of the crisis:

"What's agonizing for Paulson is that he says he saw the storm clouds gathering two years ago when he became Treasury secretary…

He also warned about the growing use of derivatives -- financial instruments so complicated that they confuse even the people who buy and sell them -- and how they posed a fundamental risk to the markets.


"…If Bear Stearns had been allowed to collapse, for example, what would a bankruptcy judge have done with the billions of dollars in derivatives contracts -- and what would the other parties in these contracts have done in assessing their potential losses?" $22 trillions of dollars in lost wealth later, has our country learned the pitfalls of allowing Wall Street to engage in the same behavior that led to 2008? According to Warren in an NPR interview, the recent bill exemplified America’s dangerously short-term memory:

"Republicans slipped in a provision at the last minute that would let derivatives traders on Wall Street gamble with taxpayer money and then get bailed out by the government when their risky bets threaten to blow up our financial system.

You know, it was literally never introduced in the Senate. It had no hearings. There was no discussion about this. And let's keep in mind about this provision, this is a provision that Citigroup lobbyists literally wrote. And then, just to make sure that everybody got the point, Jamie Dimon, the CEO of JPMorgan, personally made phone calls to House members to push for this change.

...America needs a president who isn’t intimidated by Wall Street. We need a president willing to save Wall Street from itself and save the American people from another future filled with economic catastrophes and bailouts.

Elizabeth Warren, not Hillary Clinton or Jeb Bush, should be president in 2016.

http://thehill.com/blogs/congress-blog/presidential-campaign/227904-why-elizabeth-warren-should-be-the-next-president


34 replies, 7755 views

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Reply The Hill: Why Elizabeth Warren should be the next president (Original post)
RiverLover Dec 2014 OP
safeinOhio Dec 2014 #1
RiverLover Dec 2014 #2
Enthusiast Dec 2014 #3
RiverLover Dec 2014 #4
Enthusiast Dec 2014 #8
RiverLover Dec 2014 #12
BrotherIvan Dec 2014 #23
RiverLover Dec 2014 #30
BrotherIvan Dec 2014 #32
RiverLover Dec 2014 #33
1StrongBlackMan Dec 2014 #5
maddiemom Dec 2014 #14
1StrongBlackMan Dec 2014 #24
eridani Dec 2014 #28
DinahMoeHum Dec 2014 #27
sheshe2 Dec 2014 #29
L0oniX Dec 2014 #7
magical thyme Dec 2014 #16
Enthusiast Dec 2014 #19
Dustlawyer Dec 2014 #6
Scott6113 Dec 2014 #9
RiverLover Dec 2014 #10
jeff47 Dec 2014 #17
MoonchildCA Dec 2014 #22
billhicks76 Dec 2014 #11
OKNancy Dec 2014 #13
RiverLover Dec 2014 #15
OKNancy Dec 2014 #18
RiverLover Dec 2014 #21
RiverLover Dec 2014 #20
AikidoSoul Dec 2014 #25
Thinkingabout Dec 2014 #26
RiverLover Dec 2014 #31
johnnylefty2000 Jan 2015 #34

Response to RiverLover (Original post)

Wed Dec 24, 2014, 08:49 AM

1. I am totally against the death penalty,

except for bankers.

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Response to safeinOhio (Reply #1)

Wed Dec 24, 2014, 09:37 AM

2. LOL

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Response to RiverLover (Original post)

Wed Dec 24, 2014, 10:07 AM

3. How does Elizabeth feel about the TPP and similar trade deals?

How does she feel about Chained CPI or similar measures designed to "extend the life" of social security? How does she feel about "raising the cap" on FICA contributions? Raising the retirement age?

How does she feel about Paul Ryan's proposal to voucherize Medicare?

How does Elizabeth feel about reining in CO2 emissions?

How does Elizabeth feel about Net Neutrality?

I am with Elizabeth on Wall Street. But I hear very little about other important issues.

I would like to hear some specifics.

We won't get fooled again.

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Response to Enthusiast (Reply #3)

Wed Dec 24, 2014, 10:23 AM

4. Believe me I understand. Never again do I want to be fooled like in '08.

I have to be brief here, but for a quick rundown~

On the TPP:

Elizabeth Warren: Obama Trade Deal Could Undermine Wall Street Reform

Warren raised the issue in a letter to U.S. Trade Representative Michael Froman, which was also signed by Sens. Tammy Baldwin (D-Wis.) and Ed Markey (D-Mass.). The correspondence highlighted a broadening rift between President Barack Obama and the progressive wing of the Democratic Party over economic policy, less than a week after Warren and Obama squared off over a budget deal that provided government subsidies for risky derivatives trading.

"We are concerned that the Trans-Pacific Partnership (TPP) could make it harder for Congress and regulatory agencies to prevent future financial crises," the letter reads. "With millions of families still struggling to recover from the last financial crisis and the Great Recession that followed, we cannot afford a trade deal that undermines the government's ability to protect the American economy."

...Warren, Baldwin and Markey are particularly concerned with a process called "investor-state dispute settlement," which grants foreign corporations the political power to challenge the laws and regulations of a government before an international tribunal. This nongovernmental court has the power to levy trade sanctions against offending nations. The investor-state dispute settlement regimen differs from those used in World Trade Organization treaties, which allow only sovereign governments to bring trade challenges.

"We believe that the TPP should not include an investor-state dispute settlement process," the letter reads, warning that doing so "would expose a broad array of critical American financial regulations to challenge by many additional foreign companies."


Investor-state challenges were rare before the new millennium, but have become increasingly popular tools for corporations to use when challenging regulations they object to. Under the North American Free Trade Agreement, for instance, companies including Exxon Mobil, Dow Chemical and Eli Lilly have attempted to overrule Canadian regulations on offshore oil drilling, fracking, pesticides, drug patents and other issues....

http://www.huffingtonpost.com/2014/12/18/elizabeth-warren-trade-deal_n_6350312.html


On Medicare:

“These are American values,” Warren said, “and these are the values we are willing to fight for. … Wall Street needs stronger rules and tougher enforcement. … We believe in science and that means that we have a responsibility to protect the earth. … We believe no one should work full time and still live in poverty. That means raising the minimum wage. And we will fight for it …

“We believe that students are entitled to get an education without being crushed by debt. And we are willing to fight for it,” Warren continued as the cheering grew and grew. “We believe that, after a lifetime of work, people are entitled to retire with dignity, and that means protecting Social Security, Medicare and pensions. … We believe – only I can’t believe I have to say this in 2014 – we believe in equal pay for equal work, and we are willing to fight for it.”

http://thehill.com/opinion/juan-williams/225544-juan-williams-warren-towers-above


On net neutrality:

Elizabeth Warren Blasts FCC Net Neutrality Plan: 'Just One More Way The Playing Field Is Tilted'

"We don’t know who is going to have the next big idea in this country, but we’re pretty sure they’re going to need to get online to do it," Warren wrote on her Facebook page Wednesday. "Reports that the FCC may gut net neutrality are disturbing, and would be just one more way the playing field is tilted for the rich and powerful who have already made it."

Last week the FCC announced that it was essentially backing down on plans to force big internet providers to treat everybody alike in their access to internet users. Under the FCC's new position, big data sources like Netflix could be forced to pay for access to customers of ISPs like Verizon.

Warren's voice is the latest to join a chorus of Democratic lawmakers like Sen. Al Franken (D-Minn.) who aren't happy with the FCC proposal, which represents a reversal from President Barack Obama's previous position on net neutrality. But her statement goes a bit further in tying the potential end of net neutrality to her trademark theme of an America rigged against the middle class and for big business....

http://www.huffingtonpost.com/2014/04/30/elizabeth-warren-net-neutrality_n_5242629.html


On C02 emissions:

11 Senators Just Told EPA Its Carbon Rule Can Actually Cut More Power Plant Emissions
12/10/14

“For the Clean Power Plan to be a success, it must achieve the level of emissions reductions that the science calls for to avoid the most dangerous impacts of climate change,” the letter continued. Scientists and policymakers have landed on 2°C of global temperature rise by 2100 as the threshold beyond which climate change will become truly dangerous. At current global emission rates, staying under that ceiling will require all carbon emissions across the world to cease entirely by 2040. But slowing down the speed at which the world is dumping greenhouse gases into the atmosphere can extend that deadline.

Signatories to the letter include Sens. Jeff Merkley (D-OR), Elizabeth Warren (D-MA), Barbara Boxer (D-CA), Ron Wyden (D-OR), Dianne Feinstein (D-CA), Brian Schatz (D-HI), Ben Cardin (D-MD), Corey Booker (D-NJ), Ed Markey (D-MA), Bernie Sanders (I-VT), and Sen. Sheldon Whitehouse (D-RI).

Specifically, they criticize EPA for relying on “outdated data” that led it to low-ball states’ potential for deploying renewable energy, and that the costs of renewable sources like solar energy are dropping faster than the plan accounts for. Along with that, it recommends the agency take up a different modeling approach to calculate states’ potential.

http://thinkprogress.org/climate/2014/12/10/3602137/senators-epa-more-carbon-cuts-power-plants/

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Response to RiverLover (Reply #4)

Wed Dec 24, 2014, 11:10 AM

8. Thank you, RiverLover.

I appreciate the information you provided. I have become downright paranoid about prospective candidates, especially presidential candidates.

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Response to Enthusiast (Reply #8)

Wed Dec 24, 2014, 11:42 AM

12. Hey Enthusiast, I don't think its possible for me to adequately express in typed words

just how much I agree with you & am equally downright paranoid. I've just been following EW since 2007 and from what I've seen, she is living & walking what Obama only gave us in the talking.






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Response to RiverLover (Reply #4)

Wed Dec 24, 2014, 12:47 PM

23. Thanks for the info!

I too am in the once/twice bitten a million times more shy camp as well. That is one of the reasons I lean toward Sanders, because he has a very long track record. I don't think she is being disingenuous or a different brand of Trojan, but I want to be sure I hear what she's saying, because apparently I didn't hear about trade deals on steroids in the last two campaigns.

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Response to BrotherIvan (Reply #23)

Thu Dec 25, 2014, 08:23 AM

30. No kidding. The TPP does bring change, but not hope unless you're a millionaire.

Not the stuff campaign slogans are made of.

Merry Christmas!!

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Response to RiverLover (Reply #30)

Thu Dec 25, 2014, 01:04 PM

32. I have a business that manufactures in the US

It's bad enough that people demand items to retail for less than cost, which means the only possible solution is to go to China. With the TPP, the job loss in this country will be staggering.

Happy New Year RiverLover! Let's hope it doesn't suck!

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Response to BrotherIvan (Reply #32)

Thu Dec 25, 2014, 01:09 PM

33. LOL Same to you BrotherIvan!!

So great to see an entrepreneur here. Best of luck to you & your business in 2015!!!

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Response to Enthusiast (Reply #3)

Wed Dec 24, 2014, 10:28 AM

5. This is exactly why Elizabeth Warren ...

 

should, and I believe wants to, remain a Senator; rather than, running for POTUS.

As a Senator, one can focus on a very narrow range of issues; whereas, Presidents cannot.

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Response to 1StrongBlackMan (Reply #5)

Wed Dec 24, 2014, 11:45 AM

14. I agree! Liz needs to be right where she is, at least through the end of her term.

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Response to maddiemom (Reply #14)

Wed Dec 24, 2014, 01:51 PM

24. I liken Elizabeth Warren to a Designated Hitter in baseball ...

 

The DH may, very well, be the best athlete on the field; but, being able to focus, solely, on hitting makes the DH more effective in an area that the team needs ... hitting, hitting for power and driving in the runs needed to win games.

(I know I use a lot of sports analogies; but, that is my earliest orientation.)

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Response to maddiemom (Reply #14)

Wed Dec 24, 2014, 11:51 PM

28. If she runs for president and doesn't make it, whe's in the Senate until 2018 n/t

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Response to 1StrongBlackMan (Reply #5)

Wed Dec 24, 2014, 05:45 PM

27. +1000s

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Response to 1StrongBlackMan (Reply #5)

Thu Dec 25, 2014, 04:33 AM

29. Thank you.

I have been saying this over and over and over and I get trashed doing it. I respect that this is the Elizabeth Warren Group. She is my Senator from Massachusetts. I have met her and she wants and needs to remain our first woman senator, she is one awesome woman and is going to make history, just like Teddy did.

She knows her strengths. Her strength is in the Senate where she can focus on the issues.

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Response to Enthusiast (Reply #3)

Wed Dec 24, 2014, 11:01 AM

7. ...should be its own op. K & R

 

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Response to Enthusiast (Reply #3)

Wed Dec 24, 2014, 11:53 AM

16. I'd like to hear her position on those things too. OTTH

 

we already know Clinton's and Bush's positions (ignoring their rhetoric and focusing on their actions).

I suspect that based on her years of research into the main cause of bankruptcy for ordinary people, that she won't be in favor of privatizing Medicare or cutting Social Security.

I know that on some issues I disagree totally with Warren, but those are positions where she matches Clinton and Bush so they are a wash. We don't have a choice on those issues

And I also know that if we break up the TBTF and even jail a few bankers, at least some of the issues you listed will have a chance to resolve on their own.

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Response to magical thyme (Reply #16)

Wed Dec 24, 2014, 11:58 AM

19. You understand, I am not being crtical of Elizabeth Warren.

After what we have been through.............

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Response to RiverLover (Original post)

Wed Dec 24, 2014, 10:43 AM

6. Elizebeth Warren is as great as one person can be, so is Bernie Sanders and a few others who

are not bought off. Unfortunately, there are not enough who are honest and not bought off. It falls on us, "We the people," to make the difference. There could not be a more clear example of the corruption in Washington than what they attached to this "Must Pass" bill!
Bernie Sanders is the only politician so far to publicly come out supporting the solution. The solution is to cut the bribes off by eliminating campaign contributions and instituting Publicly Funded Elections. Also, locking the "Revolving Door" between government and private companies.
I would love for Senator Warren to join Senator Sanders and run on the same ticket. I think those chances are slim to none.
It will take us to join various groups that are battling the symptoms of this corruption, i.e. Women's rights, education, environment, and all of the other problems that we face that are not being addressed because lobbyist are opposed to them.
With a united front and committed masses of informed citizens who understand that both Party's are corrupted by the money of the corporations and the 1%, we may have a chance to take our government back. It will take people like those of us at DU who are informed on the issues and do not fall for the propaganda that is spewing on us from all sides!
I hope those of you reading this will commit to spreading the word and letting Bernie know we can support his run. We could also encourage Senator Warren to join him in the fight of our time!

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Response to RiverLover (Original post)

Wed Dec 24, 2014, 11:28 AM

9. A Primary Vote for Warren

Makes a Republican President one vote more likely.

Remember the last time a Democrat from Massachusetts was elected President? You have to be at least as old as me. It was Kennedy.

I live here, but have to tell you don't go there. I love her, but she's another Dukakis, another Kerry in the making. Let her thrive as the next Teddie, not die on the national stage. I wish it weren't true, but they'd shred her in the narrow eye states.

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Response to Scott6113 (Reply #9)

Wed Dec 24, 2014, 11:35 AM

10. That's what they said about Obama in '08 too.

He'll never win the GE, over & over & over.

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Response to Scott6113 (Reply #9)

Wed Dec 24, 2014, 11:54 AM

17. When was the last time a Democrat from New York was elected President?

You'd have to be older than you are - It was FDR.

So by your metric, Clinton is a worse candidate than Warren.

Democrats don't need the South to win the presidency. There's enough electoral votes from the non-southern blue-to-bluish-purple states. Desperately avoiding annoying the South is a great way for a Democrat to lose.

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Response to Scott6113 (Reply #9)

Wed Dec 24, 2014, 12:30 PM

22. While I get what your saying...

...and I'm not entirely sure of how strong a candidate she'll be, Kerry or Dukakis never shared her rock-star status. Elizabeth excites people, they did not.

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Response to RiverLover (Original post)

Wed Dec 24, 2014, 11:35 AM

11. Republican Politicians Are Criminals

 

And the worst kind.

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Response to RiverLover (Original post)

Wed Dec 24, 2014, 11:44 AM

13. this author is a known Hillary hater... said he would vote Rand Paul

for President in another article.

http://www.dailykos.com/story/2014/11/19/1345961/-Rand-Paul-Puff-Piece-by-HA-Goodman-is-Intellectually-Dishonest-as-it-Omits-Facts

This author's opinions are worthless

Original article: I'm a Liberal Democrat. I'm Voting for Rand Paul in 2016. Here Is Why.
http://www.huffingtonpost.com/h-a-goodman/im-a-liberal-democrat-im_b_6169542.html

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Response to OKNancy (Reply #13)

Wed Dec 24, 2014, 11:52 AM

15. I don't agree with the latter, but now he's saying he'll vote for Liz

And as to the former, I've no issues.

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Response to RiverLover (Reply #15)

Wed Dec 24, 2014, 11:56 AM

18. that's obvious. I've seen your other posts

However anyone who writes just last month that they support Paul is a nut.
His opinion is worthless.

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Response to OKNancy (Reply #18)

Wed Dec 24, 2014, 12:01 PM

21. And I've seen yours.

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Response to OKNancy (Reply #13)

Wed Dec 24, 2014, 11:59 AM

20. He also wrote 'Elizabeth Warren: An Honest and Courageous Woman..."

Elizabeth Warren: An Honest and Courageous Woman in a Cowardly and Centrist Democratic Party

What does the Democratic Party stand for nowadays?

We're the Anti-war Party, right?

Okay, stop laughing.

We're a foil to the corporatists in the GOP, correct? We'll stand up for the middle class and ensure that the same people who caused the financial collapse in 2008 won't hurt us once more, right?

We're different from Lindsay Graham, who stated the following about Elizabeth Warren's refusal to accept a spending bill that caters to Wall Street interests:

"If you follow the lead of the senator of Massachusetts ... people are not going to believe you are mature enough to run the place," Graham said. "Don't follow her lead. She's the problem."

We're brave enough, as a political party, to stand up to the snide comment of a Republican leader in the Senate, aren't we?

Nope, try again.

Instead, we've proven that we can indeed "run the place" in the manner the GOP and Wall Street deem commendable. The cowardice of cold pragmatism rules the Democratic Party in 2014. Compromise is great, but just don't compromise the economy in the name of bargaining or reaching across the aisle.

Some true believing liberals might say that Democrats represent the eloquence and determination of Sen. Elizabeth Warren. In an NPR Interview, Warren highlights the points introduced in her now legendary Senate floor speech:

...o, Citigroup and other Wall Street lobbyists practically write a provision in a spending bill (that increases their profits while ensuring higher risk in their activities) meant to ensure this nation continues to function properly.

The outrage among leading liberals was felt throughout the nation, right?

Furor over the president's capitulation to Lindsay Graham Republicans and fat cats on Wall Street caused even the probable Democratic nominee to defend a liberal standing up to the GOP and investment banks, correct?

Keep dreaming. All you heard was the deafening silence of centrists....

http://www.huffingtonpost.com/h-a-goodman/elizabeth-warren-an-hones_b_6338522.html


I think he nails the differences between "centrists" (conservadems) & the populist party we believe the Democratic party to be.

We have a real problem with some Democrats campaigning as Democrats but acting like rethugs in office.

I appreciate his insight.

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Response to RiverLover (Original post)

Wed Dec 24, 2014, 05:38 PM

25. Kickety Kick Kick





Keep it up RiverLover. When I have more time I will be pushing hard for her election as POTUS.

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Response to RiverLover (Original post)

Wed Dec 24, 2014, 05:43 PM

26. We need a president who is a 360 degree president, one who can take information from a

briefing and make a good decision, one who wants to protect our country. Why worry about the financial side if we are not safe to enjoy life, we can not live by bread alone.

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Response to RiverLover (Original post)

Thu Dec 25, 2014, 12:10 PM

31. Another reason she should be our next prez is for renewable energy progress...

Instead of the regression of it like we see now.


Letter from Liz on the pipeline proposed in MA..."But our aim must be to reduce reliance on carbon based fuels, and than means careful consideration of clean energy alternatives as well as other natural gas pipeline alternatives that do not create wholly new infrastructure. For example, upgrading our old, methane- leaking pipes can help provide affordable power for businesses and consumers without threatening our families and our state.

Before we sink more money in gas infrastructure, we have an obligation wherever possible to focus our investments on the clean technologies of the future -- not the dirty fuels of the past -- and to minimize the environmental impact of all our energy infrastructure projects. We can do better -- and we should."
http://www.berkshireeagle.com/columnists/ci_26322123/sen-elizabeth-warren-we-can-do-better-than


Also,
Elizabeth Warren Comes Down Hard Against Global Warming, Separates Herself From Hillary Clinton On Climate Change

On Friday, December 20th, Democratic U.S. Senator Elizabeth Warren finally separated herself clearly from former U.S. Secretary of State Hillary Clinton, regarding the issue of climate change and global warming. Here is the story:

TransCanada Corporation wants to build the Keystone XL Pipeline to carry oil from Alberta Canada's tar sands to two refineries owned by Koch Industries near the Texas Gulf Coast, for export to Europe; and Hillary Clinton has helped to make that happen, but Elizabeth Warren has now taken the opposite side....

http://www.huffingtonpost.com/eric-zuesse/elizabeth-warren-comes-do_b_4483753.html


And unfortunately, this would be used ag her by the rethugs in their "jobs vs the environment" crusade. But this is what they would use ag any Democrat running. And luckily her views on fracking aren't as extreme as mine, because if she wanted no fracking like me, she'd lose in a landslide. And that genie is already out of the bag anyways. We frack, but we could make it safer & that is what she is pushing for...

Warren wants to focus more on developing renewable energy in preparation for a shift from the fossil fuels she sees at the root of the problem.

"I believe we need to get serious about climate change, and we can start by ending the subsidies to big oil companies and investing in clean energy," she said. "Right now, we're losing out on these investments to other countries."

Warren sees the Cape Wind offshore wind project as a step toward that shift to renewable power. She says the 130-turbine project planned for Nantucket Sound, which aims to be the nation's first offshore wind farm, will provide both clean energy and good jobs.

Brown says he supports wind power, but Cape Wind is planned for the wrong location. He says Nantucket Sound is a national treasure and compared the Cape Wind project to building windmills in the Grand Canyon.

Warren's focus on developing renewable power drives opposition to the Keystone XL pipeline, which would transport heavy tar-sands crude oil from Canada to Texas' Gulf Coast refineries.

"We should be making investments to grow the clean energy economy, not continuing to support dirty fuel," she said, dismissing claims the project would be a major job creator or drive down gas prices.

Brown counters that the pipeline will, in fact, create thousands of jobs and help suppress gas prices.

He's also enthusiastic about fracking, a technique that's recovered large reserves of natural gas by pumping volumes of water, plus sand and chemicals, deep underground to break shale apart and free the gas. Brown says it can be done safely and help achieve energy independence.

Warren, though, believes fracking poses possible health and environmental risks, particularly to the water supply. Fracking, she says, should be subjected to federal safe drinking water laws.


http://www.masslive.com/news/index.ssf/2012/10/sen_scott_brown_elizabeth_warr_1.html

Common sense & smart politics.


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