Skip to comments.Elizabeth Warren: You know who’s really to blame for this middle-class erosion? Reagan.
Posted on 05/21/2014 7:04:40 AM PDT by SeekAndFind
Because when President Barack Obama was blaming every problem under the sun on his predecessor President George W. Bush, he just wasn’t go back far enough. Via RCP:
WARREN: I grew up in an America that was investing in kids. It was investing in public universities. It had a higher minimum wage. It was an America that said every kid would get a fighting chance. And that’s how we built Americas great middle class. Then starting in about the 1980s, we turned in a different direction.
COLBERT: You mean when Reagan came in and it was morning in America. The direction toward greatness, pride. …
WARREN: That’s right. And what happened is that he had a couple of ideas. The first one was that they would fire the cops. Not the ones on Main Street but the ones on Wall Street.
COLBERT: The ones who were shackling creativity, and ingenuity in our financial institutions.
WARREN: And making sure the biggest financial institutions actually followed the law. Those were the cops they got rid of.
COLBERT: The law thats a vague term, law. Your — one man’s law is another person’s regulations. And regulation is bad. Regulation stifles business and stifles entrepreneurship.
WARREN: No, no. no. See if we don’t have happens is exactly what happened then. And that is the big financial institutions made billions of dollars by cheating people on credit cards, mortgages.
COLBERT: What do you mean cheating people on credit cards? You sign up for a credit card, you use the credit card and then you have to pay your bills. Is that too complicated for Harvard? …
WARREN: Let’s be clear about this. It was supporting having the regulators look the other way while the biggest financial institutions did every trick and every trap possible in credit cards, in mortgages, in checking account rules. And they made billions of dollars doing it. And at the same time they loaded up on risk. And what ultimately happened by 2008 was that they broke the economy. They got bailed out by the taxpayers. They continued to break the law in foreclosing on people’s mortgages.
After such a strong dose of oversimplified yet underhanded populism, all I can do at the moment is point you to the WSJ’s review of her book she was on Colbert’s show promoting… and shake. My. Head.
Just plain, unadulterated bunk.
America’s next POTUS, if she wants to be. I can see her emulating Caliph Baraq and defeating Hillary by attacking on her left flank.
We have way too many stupid people in positions of power and influence.
If the Senate were retaken later this year, as Majority Leader of the Senate, I would reassign Ms Warren’s contingent to offices in the nearest Senate Woman’s Bathroom, third stall down on the left.
What a loathesome, disingenuous moron.
The faux-squaw speaks!
American can survive Elizabeth Warren and Hussien Obama, but it cannot survive the people who continue to elect these tyrants.
“We have way too many stupid people in positions of power and influence.”
She’s not stupid. She’s both smart and shrewd. And, she knows that plenty of Americans are indeed stupid. And, will believe the garbage she spews out, sadly....
“I grew up in an America that was investing in kids. It was investing in public universities. It had a higher minimum wage. It was an America that said every kid would get a fighting chance. And thats how we built Americas great middle class. Then starting in about the 1980s, we turned in a different direction....”
Yeah, when the baby boomers grew up and became highly successful professionals and liberal Democrats, they passed lots of laws and regulations that guaranteed no one would be able to replicate their success. They call it helping the poor, but in fact all government spending ends up in their pockets.
No, fake indians who commit fraud to get college funds destined for real indians are to blame 100%
(my claim is just as valid as hers)
Could it be that the dim-bulb-crats have found an even more clueless bimbo than the Pelosiwench?
And she brings extra features to append to her stupidity..she lies about everything.
I am not sure whether she boinked a rich guy to get where she is...but given liberal womyn’s history...it is highly probable.
Assuming of course the Rats have been powerless for 25 years?
Reagan? Blame Clinton, Blame Bush or better yet-—Obama—but Not Reagan. This lady has proven herself an idealog just like Obama/Clinton. Its all capitalisms fault—its all the Christian racists—homophobes. Dump them and follow Marx to the Worker’s paradise! (We can make it work this time!)
Where did this ignorant idiot come from? She needs a brain adjustment or maybe a brain, period.
Heck, why not blame George Washington?
“And what ultimately happened by 2008 was that they broke the economy.”
And the Clinton admin’s force-feed of the relatively dormant CRA did nothing, huh? And the repeal of Glass-Steagal? That didn’t affect the banks, did it?
This is complete flaming bullshit. Stuff that happened 20+ years ago, that stuff supplanted the far more strenuous errors committed 15 years thereafter which shoulder no blame in this stupid idealogue’s warped sense of history. She should be ashamed and she just lost whatever shred of credibility she once had.
RE: Where did this ignorant idiot come from? She needs a brain adjustment or maybe a brain, period.
So, what does that make the voters of Massachusetts who got her into Senate?
The takeaway is that she ADMITS the middle-class HAS been gutted.
“We” invested in public universities, all right. & boy, is it paying off BIG!
To people like her.
They still haven’t gotten over Reagan!
She just doesn’t want to admit who is responsible.
Unfortunately we’ll be seeing a LOT more of her in the next 2 years.
Elizabeth Warren sounding more and more a Nancy Pelosi jr
Didn’t she get paid like $250,000 for teaching one class at Harvard? Money laundering.
Bogushontas is simply too stupid for words
And 125% Loan-to-Value are making a comeback!
When has the minimum wage ever gone down? This broad is a freakin' lunatic.
The country is just all sorts of primed and ready for a populist rabble-rouser to sweep into power. And she seems like just the gal to do it.
Faux Squaw drinking fire water again. RDS - Reagan Derangement Syndrome.
If I had no scruples, no morals to limit my actions in polite society, no family to worry over or any other responsibilities...I'd call them a "Target Rich Environment".
OH! REAGAN was responsible for the financial crash of 2008,
not the CRA...
yeah, sure... what kind of derangement do you have to have in order to think this way?
If this woman ever becomes our president we will have to raise our children to see the office and the person as decidedly evil and a tyrant.
“Dad, who is the president?”
“Someone you should fear, son, someone who wants to make you poor and hurt your family!...”
I thought it was all Bush’s fault. :-)
You betcha! I say that too, every chance I get. The brainless, moderate-but-essentially-left-leaning middle class (oh, I’m in MA, btw) think she is the second coming. The love is up there with the adoration of 0. Her staggering ignorance of basic economics is what really scares me, she makes Mugabe look like Milton Friedman. Add to that the fake pedigree (Haaahvard darling) and she has all the positives (in their mind) of her thighness with none of the baggage.
Just EXACTLY how old was this faux-Indian in 1980???
I cannot listen to a single word she spouts.
Watch and listen my friends.
This is Alinsky style liberalism at its finest.
Make a statement, no matter how outrageous, pin an issue on your enemies, and move on.
They depend on people (who have no capacity to understand even a simple issue, either by diminished intellect or by liberal dogma that precludes the truth) to simply accept what they say as fact and propagate it.
If even 30% of those people ever find out the truth, it is still a major victory.
I will say, in this case, I don’t think the douchebag Warren is being deliberately evil. I think she actually believes what she is spouting.
I always break liberals up by the rule of thirds, the top third are bleeding hearts or simply ignorant of the facts.
The second third are the true believers with wild eyes and spittle on their lips who spout the party line from their flushed faces.
The last third are the people who know what a load of crap liberalism is, but recognize it is all about power and control over others.
Elizabeth Warren is in the second third, in my opinion. A river of knowledge a mile wide on liberal dogma but a nanometer deep, and a stunted intellect to match it.
For some reason, that disturbs me far more than the possibility she is a hard-eyed Obama/Clinton/Kennedy Alinskyite.
Do you have any liberal politicians in your state, SeekAndFind?
Wanna perpetuate destruction of the middle class? More of Carter's economic malaise would have done the trick. Just like the punk POTUS is doing now.
RE: Do you have any liberal politicians in your state, SeekAndFind?
The MAJORITY of politicians and voters in my state are LIBERAL.
Are those the people that are going to let Elizabeth Warren own the issue that the banking/globalist elites get enriched and bailed out while just about everybody else in the US has accrued impossible debt? That small businesses can't emerge because big businesses control the laws? That cheap labor, much of it foreign, has not been good for normal US citizens?
If Warren takes on the elite globalist power-brokers, both parties, she'll do quite well.
Of course I don't want a Warren presidency. But I'd rather have her than a backstabber such as Jeb, Christie, or Paul Ryan.
I would gladly tell you, but 65 years ago my mother forbade me from ever using that kind of language in public.
Only while at sea was I freed from fear of punishment, as the rest of the crew spoke the same language.
Oh, I am from Massachusetts so my thought is accurate.
Pssst. Elizabeth — Indian Princess — most of the big Wall Street & Financial Institution ‘money’ is going to YOUR party. Go sell your revisionist history to them at your cocktail parties.
Yeah. Mine too.
Fauxcahontas, you ignorant slut.
I worked for President Reagan, Senator. You’re FOS. I just saved you 1,000 days of gam-flapping.