Skip to comments.Elizabeth Warren: intellectual fraud
Posted on 10/10/2011 10:01:44 AM PDT by Nachum
For those inclined to rhapsodize Harvard Law Professor and now Democratic Senate candidate Elizabeth Warren, it is a salutary experienceas salutary as a cold showerto read this analysis of Warrens major politically significant work by Atlantic blogger and brilliant student of economics Megan McArdle. Of Warrens book The Two Income Trap, McArdle writes the deeper problem is that some of her evidence doesn't really support her thesis, and can be made to appear to support her thesis only by making some very weird choices about what metrics to use. McArdle eviscerates Warrens
(Excerpt) Read more at campaign2012.washingtonexaminer.com ...
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That’s life in a Liberal think tank. It’s who they are. It’s what they do.
I’m a big fan of Warren. Still.
What liberal isn’t an intellectual fraud?
In Youtube there is a great lecture by warren where she talks about our “wants” deflating and our needs inflating. It was in the vein of “if prices are not going up and I even got a raise, why is it harder to make ends meet.
I liked it because she nailed rising taxes, fees, etc. as one of the main inflationary culprits killing the middle class family. And I already agreed with her before I ever heard of her. :-D
I’ve been focused on her lectures and books/articles about the economy as opposed to her politics. I somehow missed that she was a “liberal”. Doesn’t mean she isnt. I may have had blinders because I so much liked how she exposed some economic falacies.
Really. Any other big time communist/lefties you like also?
All liberals are intellectual frauds, and it is refreshing to see that one of them has been caught before getting crowned with the Senate office.
—Really. Any other big time communist/lefties you like also?—
I go by what she has said written that I have been exposed to. I really liked her two income myth book and think she is spot on. I’ve counselled a lot of young families to count the cost of two incomes and make sure it’s really financially (and quality of life wise) worth it.
I don’t know what her politics are, but I find it interesting that she thinks one of the problems with our economy is high taxes killing the middle class. That doesn’t sound like a communist/lefty. But maybe she has said some things that are overtly so, I just haven’t seen them.
I’m jumping into a political hornet’s nest, I know, but I have to ask, if Sarah Palin had said this, would you say “right on!”?
“America’s middle class has been hammered, squeezed and chipped at for a generation now, and it can’t take it much longer,” she added. “This is what I work on. This is my life’s work. I’ve done research on it, I’ve written about it, I’ve advocated for these families. When we hit a financial crisis I went to Washington to try to work on the bank bailout and bring some transparency and accountability to it,” .
That is a direct quote from Warren during a debate with Brown. What’s wrong with that quote?
What she says and what she does are two different things.
And what about this: “The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it. Thats why I want to run for the United States Senate,”
Maybe it’s all just political gainsaying, except I saw some of her lectures on this very stuff, so she is not a sudden convert to these viewpoints. So what exactly has she suggested that makes her a liberal? I’m not picking a fight. Rather, I sincerely would like to be educated on this*.
*I’m googling her right now to see if I can find any of this evidence on my own but am not having much luck yet.
Well, I confess I like all of the below, except the last line I would like to put into a differenct context:
“You built a factory out there? Good for you,” she says. “But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.”
She continues: “Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”
That last line must, MUST be voluntary. I agree with the rest. Heck, the reason western civilization has exploded technologically is that the system protected creator’s ability to keep the financial rewards of bothering to create. That is why armies, police forces and patent laws matter. People go forward to invent and create with the belief that if they are successfull, they will be rewarded.
But that last sentence, I’d question her about. It is like welfare: That is, the Lord told us to give to the poor and that it is greater to give than to receive. A major reason is the satisfaction of the “help your fellow man” gland’s need to be satiated. When you are FORCED to help, that does just the opposite. Virtually all the highly successfull people in the western world have more than spread their knowledge and opportunity to others. To insert government into that equation would be an insult and catastrophic in its long term impact to our culture.
I’d want to grill her on that last line and find out if it was just a way of getting progressives to vote for her or if she planned on putting it into legislative action, once elected. If the latter, she is dangerous.
That, my FRiend is communist propaganda. Wall street broke nothing. It was the Federal government the created the fiasco that loosened the lending laws that truly destroyed our economy. Any student of basic economics understands that now. She was one of the architects if the intentional destruction of our currency.
—Since August 26, 2011
So, you think I was born this year?
Snap out of it, man.
It doesn’t take a genius to see how the middle class has been hurt financially and in quality of life. What are Warren’s ideas for changing things? These will determine if she is a lefty or not.
“And what about this: The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it.”
Well, Wall St didn’t force these broke people to buy houses that they could not afford.
I watched soooooo many ‘first time home-buyers” TV shows where the would be buyer detailed the crazy mortgages that they “qualified” for. Train wrecks. Interest only, 80/20, 0% down, seller pays closing, on and on. Then they were all like, “Well, I guess I’ll have to cut back on dining out and shoe shopping to afford this, but I guess I’ll give it a try.”
My first home the mortgage was the same as the rent I had been accustomed to paying. I had a down payment. I paid my own closing. I never lost my home, nor even had trouble making payments.
No, Barney Frank (Fannie and Freddie) and the buyers were responsible - not Wall St.
If she is elected do we Call her Senator or Mommy?
—Wall street broke nothing. It was the Federal government the created the fiasco that loosened the lending laws that truly destroyed our economy. —
You are correct. My bad. I was focusing on the word “mortage” and mentally thinking of the Youtube videos of Barney Frank saying Freddie and Fannie are just fine five or six years ago and forgetting to notice that she was putting the blame on Wall street. Tha’s just goofy.
I firmly believe it was the government that caused this mess, with the help of some too big to fail accomplices.
And she sees nothing wrong with higher taxes on corporations and wealthier individuals who are the ONLY ones who hire and pay enough to make someone a part of the middle class in the first place...
And for the piece d' le resistance where is she on Obama...whose communism is beyond inbread from his grandparents, parents (both fathers) and his big brother "Frank"... so that he taught marxism and Saul-Alinsky in a class where he was supposed to be teaching constitutionalism.
I’ve been exposed to many of her theories and teaching for quite a few years. I’ve focused more on her bringing the “core” issues to the surface as opposed to her solutions.
But that is due to my own blinders. To wit: I do not see a human solution out of our current predicament, so I’m not looking for one. I’m looking to see the antichrist come up with a solution - and that is when I REALLY want to run for the hills. We are witnessing the createst cultural/political collapse in recorded history and it is in maybe the third inning.
It's really not politics, but economics 101. If Sarah Palin had said that, I would have been very disappointed.
Americas middle class has been hammered, squeezed and chipped at for a generation now, and it cant take it much longer,
True enough. But she has not truly been an advocate for families, but an agitator and an instigator that has supported the very destruction of it.
When we hit a financial crisis I went to Washington to try to work on the bank bailout and bring some transparency and accountability to it, .
Which is an admission on her part that she supported TARP and a continuation of the stupidity of Dodd/Frank, the Equal Opportunity Lending Laws and the very means that forced the banking industry to make bad loans to people who could never pay them back, inflate housing prices, and enabled folks to live way beyond their means. She is one of the true trouble makers that has helped to destabilize our currency and brought us to the brink of economic collapse.
An auditor for the fed sat in front of a banking committee during the TARP hearings and told a congressman she had no idea where a trillion dollars went.
THAT is what is wrong with what she said.
Take it off. $12
Leave it on. $100
Go away and never darken our door again. Priceless
You bring up all the reasons I chose to rent the last six years. And was able to give a landlord 30 days notice and move halfway across the country at the drop of a hat. ;-p
Five years ago, I never met anyone who had lost their home to foreclosure. Now I know, literally, dozens of people who have either stopped paying and just squat in their home, or walked away. I wonder if they called the Great Depression the “Great Depression” when it was happening? I’m thinking that as the “Great War” was changed to “WWI” when WWII came along, if maybe the Great Depression may be renamed to “World Depression I”.
And as with the war analogy, the second one was much worse and more all-encompassing.
Exactly. Don't be fooled by her communist populist BS. She is the economic enemy of free enterprise. Freedom from government tyranny is the only way out of our mess.
I firmly believe it was the government that caused this mess, with the help of some too big to fail accomplices.
Indeed it was and is. And- the medicine we will all have to eventually swallow because of these idealogues will taste very very bad.
When she said, “bring some transparency and accountability to it, I just assumed she meant “expose that the bailout was a bad idea that could be seen for what it was if there had been some accountability and transparency brought to it.
She may have meant something different. As with most politicians, a lot of what she said can be taken to mean whatever the hearer wants it to mean. Actually, she seems to be pretty good at it. I liked her economic lectures. The political stuff, not so much.
The people on Wall Street broke this country, and they did it one lousy mortgage at a time.
That, my FRiend is communist propaganda. Wall street broke nothing.
What IS breaking this country is the MBS, the REMIC, CDS swaps and the interest rate swaps. Toxic, broken frauds that HAVE killed the banking industry, but our and the european politicians keep trying to save.
You know, the left is just lying in wait for this system to collapse, and the right is just sitting there and trying to pretend these problems away. IF the right doesn’t acknowledge these problems, THEY are opening up the door to the left SUCESSFULLY getting away with blaming capitalism, when it is really socialism, that is failing.
Who do you want to help? Saying nothing is wrong is just playing into the hands of the left.
Here is a link to Warrens youtube on the Coming Collapse of the Middle Class.
I have not watched it myself.
Transparency and accountability for the left means, they control the reigns of government and the complete lack of either. After over 3 years of zero accountability and zero transparency for the left through the Obama administration would that not be evidence enough that she is liar and a fraud?
Well, Wall St didnt force these broke people to buy houses that they could not afford.
And nobody MADE Wall Street to make toxic MBS and CDS’s that ARE killing the banking system. And the tax evasion MERS that has messed up titles to homes all across this country.
Why do you suppose Europe banking is slowly being NATIONALIZED now? Our mortgages are doing that, really?
Wake up Freepers, things aren’t so simple anymore.
Harvard law professor and former Obama administration regulator Elizabeth Warren is not serious about transparency in anything. Communists always conceal their misdeeds and agendas from the public and the useful idiots. And you know who the 'useful idiots' that Stalin was deriding? College students.
And the Occupy Wall Street crowd ...and Warren fit the bill as an Obama affilitated manipulator.
Ask her about enforcing private property via the constitution...and then you will find out exactly where she really is on "looking out for the Middle Class".
—and the right is just sitting there and trying to pretend these problems away—
Actually, the right (at least in my case) is taking action where it will matter: precious metals, seeds, farm land, gold silver and, most importantly, bullets and implements with which to use them to protect the previously mentioned items.
I constantly implore my conservative friends to not waste their time as Dagney Taggart did. It will go no better for them than it did for her, and probably much worse - no “happy ending”. Our current situation (worldwide) has no human or political solution. My most powerful weapon is Prayer.
And as a visiting pastor said at my old church back in the mid-1980’s: “Where would the early church have been if they had put their faith in Rome.”
Countries come and go, and this one had an exceptional run, but eventually human nature destroys what it touches as it always does.
—She is tight with and thinks that Van Jones is a great guy with super-duper ideas on how to run the country. That, in and of itself, is enough to label her a Marxist kook and to work hard to keep her away from any levers of power.—
If that is true about he position on Van Jones, then I absolutely agree with your assessment.
The quote sounds good, and yes, if it were someone with a conservative worldview, it would be correct and applauded.
The problem with just judging that statement is that you have to understand the underlying assumptions that the speaker is making before passing judgement on what it means.
Palin would mean that big, socialist government is the cause of the decline of the middle class, and that decreasing that influence is the solution.
Warren’s assumptions are that capitalism is the cause of the destruction of the middle class and that more government regulation and economic planning are the solution.
Ask her about enforcing private property via the constitution..
And WHO is doing this NOW?
I don’t see ANYONE doing ANYTHING to protect private property TODAY.
Actually, Clinton's croneys in Fannie Mae and Freddi Mac and Goldman Sachs and some other high positions in Wall Street were among the principals pushing those. They had accumulated hundreds of billions of crap debt, of their own making, and needed to sneak it off onto the ignorant general private sector.
Then you've just defined yourself as an economic totalitarian collectivist. What are you doing on Free Republic?
The rank and file yes, the politicians, no.
I don’t see anyone on the political stage that is for destructing the edifice of the unanswerable bureaucratic system that has been expanding since FDR.
Thanks everyone for the responses. I went to school. Your posts and my follow up google serches that they prompted has convinced me of the error of my position here. I liked a couple of her positions but when the surface was scraped, it was not gold, but tungsten.
I was properly spanked and have learned my lesson. :-p
Seriously though, some of the connections some of you made are really disconcerting. This whole progressive thing almost reads like the takeover of Russia or Germany in the length and depth of its tentacles.
It is so apparently complex as to almost smack of being spiritual in its source. Are these people really that smart?
Leftist policy, forcing banks to loan to people who can’t pay back, forcing a practice that the free market doesn’t support -
that’s what caused the meltdown. Leftist policy. Leftist, feelgood, “it works in my head” policy.
—Then you’ve just defined yourself as an economic totalitarian collectivist.—
No, that is your inference. What I defined myself as is a person that was focussed only on a very narrow part of her message. And I agree with that narrow part. The rest, not so much, as I learned on this thread.
Heck, I agree with pretty much every human being alive on SOMETHING. Maybe Obama and I like the same flavor of ice cream or golf club. :-D
Two incomes is a trap for families.
First off, the automatic expectation that married women will work full time has increased the labor force to such a degree that most jobs don’t pay enough wages or salary to support a family on that one salary. It is simple supply and demand: a huge increase of labor into the workforce is accompanied by a huge drop in pay because the labor supply outpaced demand for what were formerly family-wage jobs.
Two-incomes is also virtually guarantees that the children in those families will have their care hired out to others, and typically these children will be subjected to an overwhelming amount of nanny-state big-government brainwashing, typically starting in daycare.
To the extent Warren acknowledges this, great. To the extent she proposes massive nany-state solutions (which I am certain she must - because she is a leftist - without ever having read her work), she is another dolt faux intellectual.
Are they really that smart?
No, but the ones using them are that evil...
Read “You can still trust the communists to be communists” (http://www.amazon.com/You-Can-Still-Trust-Communists/dp/0936163208)
for some detail about the “layers” of communism. There are people who could pass a lie detector with flying colors, because they truly aren’t lying, when they say they are opposed to communism, but they are, in their ideology, voting patterns, and intellectual efforts, totally and fully working towards the same goals as the communists.