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.