What a surprise?
Elizabeth Warren has been the flavor of the last few months by the media…
He rise in the polls confirm it….
Joe Biden is holding his own and Bernie Sanders is losing some…
Time to bust Warren’s ballon?
Politico is out with a piece which casts Elizabeth Warren last THAT person who has and is giving the Democratic parties best memory a hard way to go….
Somebody is betting Elizabeth Warren is gonna have to explain herself while Joe Biden has his lead for the nomination riding the popularity of the past Democratic President …
Warren’s whole being is seems about just beating up the Banks….
Barack Onama HAD to save them to salvage the American and World economy….
Warren doesn’t accept that….
As Warren campaigns to become the 46th president, she doesn’t mention the 44th very much.
When she does, it’s usually to praise him. Asked in April at a CNN town hall what their main philosophical difference was, Warren did not name any. “You know, I’m going to take this in just a little bit different direction, if I can,” she said and then gushed about Obama’s steadfast support for the CFPB. “I will always be grateful to the president for that.”
But interviews with more than 50 top officials in the Obama White House and Treasury Department, members of Warren’s inner circle at the time and Warren herself, reveal a far more combative relationship between her and the administration than she discusses on the campaign trail. Tensions between Warren and Obama were palpable to White House aides, even as she reserved her real fury for Geithner and White House National Economic Council Director Larry Summers, whom she regarded as predisposed toward big banks over families struggling to save their homes.
For Warren, the years of the financial crisis are now the touchstone of her political career, validating the conviction at the heart of her presidential candidacy: The system is rigged.
The acrimonious differences between Warren and her allies and members of the Obama team led in part to her decision, with prodding from Obama, to leave the administration to run for the Senate rather than continue pursuing the leadership of the CFPB. But they never fully abated and now represent dueling approaches to Democratic economic policymaking, presenting the possibility that the next Democratic president will have ascended to the height of Democratic Party politics in part by bashing the previous one.
Thus, while former Vice President Joe Biden often boasts on the campaign trail that his and Obama’s efforts saved the economy from another great depression, Warren regards the Obama administration’s top-down response to the financial crisis as part of the reason a man like Donald Trump won the White House eight years later.
“I believe the recovery should have been from the ground up, and people with Geithner’s and Summers’ background would never see the world that way—they just don’t see it that way,” Warren says. “America works great for the wealthy and the well-connected—that was demonstrated big time during the financial crisis. … Donald Trump stepped into that and said, ‘If your life isn’t working great, blame them.’ His version of ‘them’ is anyone who doesn’t look like you.”
As for the Obama team’s arguments that the financial rescue was a success—the bank bailouts ultimately made a profit, a depression was averted, and GDP growth resumed faster than the aftermath of most financial crises — Warren considers them obscene self-congratulation.
“Sure, the banks are more profitable than ever, they are bigger than ever, the stock market is through the roof,” she says. “But across this country, there are people who still pay the price for a financial crisis that they didn’t cause and that they never had a chance to survive. … That’s not a success.”
In Warren’s mind, the administration’s priorities were simply out of whack: Banks were getting more attention than people.
The Obama administration felt more urgency to save the large financial firms than to prevent home foreclosures…..