Warren, quite Frankly

| No Comments | No TrackBacks

Thomas Frank interviews Elizabeth Warren, whom he describes as "the single most exciting Democrat currently on the national stage." They discuss college tuition, consumer protection, and regulatory capture before Frank mentions his disappointment with Obama:

In 2008, I thought I had a candidate who was going to address these things. Right? Barack Obama. Today, my friends and I are pretty disappointed with what he's done. I wonder if you feel he has been forthright enough on these subjects. And I also wonder if you think that someone can take any of this stuff on without being president. You know, there are a lot of good politicians in America who have their heart in the right place. But they're not the president. Well anyhow. You understand my frustration...

I understand your frustration, Tom and, actually, I talk about this in the book. When I think about the president, for me, it's about both halves. If Barack Obama had not been president of the United States we would not have a Consumer Financial Protection Bureau. Period. I'm completely convinced of that. And I go through the details in the book, and I could tell them to you. But he was the one who refused to throw the agency under the bus and made sure that his team kept the agency alive and on the table. Now there was a lot of other stuff that also had to happen for it to happen. But if he hadn't been there, we wouldn't have gotten the agency. At the same time, he picked his economic team and when the going got tough, his economic team picked Wall Street.

You might say, "always." Just about every time they had to compromise, they compromised in the direction of Wall Street.

That's right. They protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over. So I see both of those things and they both matter.

No TrackBacks

TrackBack URL: http://www.cognitivedissident.org/mt/mt-tb.cgi/2850

Leave a comment

About this Entry

This page contains a single entry by cognitivedissident published on October 12, 2014 9:43 AM.

atheism was the previous entry in this blog.

Reza Aslan's demand for religious privilege is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Monthly Archives

Pages

  • About
  • Contact
OpenID accepted here Learn more about OpenID
Powered by Movable Type 5.031