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Elizabeth Warren Tells The Truth About Washington


United States Senator Elizabeth Warren (D) Massachusetts recently asked on the floor of the Senate:

“Who does Congress work for? Does it work for the millionaires, the billionaires, the giant companies with their armies of lobbyists and lawyers, or does it work for all the people”?

Warren made this statement while discussing the $1.1 trillion federal spending bill that funds the government through September of next year. The 1603 page legislation caused an interesting group of conservative/ tea party and liberal Senators to complain about corporate welfare.

One of the items contained in the bill was language drafted by Wall Street lobbyists that deleted part of the Dodd Frank legislation passed in 2010 to address the fiscal crisis that occurred back in 2007.

The removal of a key part of the Dodd Frank legislation was moving along quietly with Democratic and Republican support until Senator Elizabeth Warren drew attention to the issue. Elizabeth Warren represents a new populist politics challenging the power of corporate special interests. Warren is the first major national politician in decades who is willing to openly challenge the power of Wall Street. Her speeches advocating for average Americans are inspiring and long overdue.

Americans know that government is rigged against them and that politicians are bought and paid for by wealthy special interests. As jobs and incomes decline for average Americans, Wall Street is able to get legislation passed to bailout their risky investments with taxpayer dollars. Americans want someone to stand up for them and to champion their interests.

Elizabeth Warren is telling the truth about Washington and it is about time that someone had the courage to do so.

To read more about the Dodd Frank legislation and Wall Street’s attack on it, check out the article in Artvoice below:

  • jimd54

    I like Elizabeth Warren but I wonder if her message will get bastardized much like the original Tea Party message was. It didn’t take long for their purity of message to be bought out by the very people they railed against, and they didn’t even know it.

  • anth55

    I am glad that you use the term corporate welfare. I like to call it “Welfare on Wall Street”. Before the crash there was controversy in Congress as to whether financial institutions should be bailed out at all and that only passed on a second attempt. This reversal of Frank-Dodd is insane. If you say to a gambler “we will cover your losses” then the gambler takes greater risks. Whereas the American public want to give the message “you can gamble as much as you like – but this time you really are on your own”