Mar 10, 2014
How Elizabeth Warren Is Scaring the Crap Out of Think Tanks and Banks
Posted on Dec 7, 2013
Elizabeth Warren—with her eloquent informed proposals and speeches that speak to the true needs of the American people, with her outright disdain for Wall Street and desire to bolster Social Security and the minimum wage as well as lower federal student loan rates—is a scary woman.
The Massachusetts senator caused a stir this week after the Third Way think tank wrote an op-ed Monday warning Democrats not to follow Warren “over the populist cliff.” Ever poised, Warren did not respond directly to Third Way’s Jon Cowan and Jim Kessler, who wrote the piece in The Wall Street Journal claiming “a vision of pragmatic progressive government, not fantasy-based blue-state populism” is what will get the Democrats re-elected. Instead she wrote a letter to six CEOs at the head of some of the most prominent financial institutions, demanding the banks disclose what think tanks they funded since policymakers, shareholders and the public all had the right to know about these contributions in order to evaluate think tanks’ work. Stating that the concealment of these contributions is blatantly “wrong” in her opinion, Warren added that banks and think tanks had no legal obligation to disclose such information, but called for “transparency” and offered to discuss it further with those interested in doing so.
But what’s truly behind all this resentment toward Warren? Fear, of course. Just read what Kessler, Third Way’s senior vice president, had to say about the Massachusetts Democrat, according to the Daily Kos:
Fascinating, isn’t it, that when a politician actually takes action toward bettering the nation’s conditions for someone other than the elite criminals who bankrupted our country, suddenly things have gotten “out of hand.” Perhaps it’d be more honest for Kessler to admit that in truth our political class has gotten out of the hands of the American people and into Wall Street’s pocket. Warren is daring to do only what she was elected to do: represent her constituents and protect citizens’ rights. And if that’s frightening the banksters and their puppets, by all means Warren, keep fighting the good fight. After all, anyone who’s crossed her so far has ended up looking the fool.
Meanwhile, Warren declared publicly this week that she will not run for president in 2016. But a lot can change in three years, and if Warren has anything to do with it, a lot will.
—Posted by Natasha Hakimi
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