Elizabeth Warren--A Leader who is Fighting for America
Throughout our history, powerful interests have tried
to capture Washington and rig the system in their favor. From tax
policy to retirement security, the voices of hard-working people get
drowned out by powerful industries and well-financed front groups. Those
with power fight to make sure that every rule tilts in their favor.
Everyone else just gets left behind.
Just look at the big banks. They cheated American families, crashed the
economy, got bailed out, and now the six biggest banks are 37 percent
bigger than they were in 2008. They still swagger through Washington,
blocking reforms and pushing around agencies. A kid gets caught with a
few ounces of pot and goes to jail, but a big bank breaks the law on
laundering drug money or manipulating currency, and no one even gets
arrested. The game is rigged – and it's not right!
But it isn't just the big banks. Look at the
choices the Federal government makes: Our college kids are getting
crushed by student loan debt. We need to rebuild our roads and bridges
and upgrade our power grids. We need more investment in medical research
and scientific research. But instead of building a future, this country
is bleeding billions of dollars in tax loopholes and subsidies that go
to rich and profitable corporations. Many Fortune 500 companies,
profitable companies, pay zero in taxes. Billionaires get so many tax
loopholes that they pay lower tax rates than their secretaries. But they
have lobbyists – and their Republican friends – to protect every
loophole and every privilege. The game is rigged – and it's not right!
- From a speech given by EW, 5-22-2014
- Elizabeth Warren was the first senior Obama administration
official to recognize the potentially incendiary impact of a bill that
would have made it significantly easier for mortgage companies to
foreclose on homes, and her subsequent warnings played a crucial role in
persuading the President to veto the measure, according to freshly
released documents and people familiar with the deliberations.
- The disclosure that Warren was instrumental in halting a bill
that would have streamlined the foreclosure process comes as she
confronts fierce criticism from Republicans on Capitol Hill for the way
she was appointed to construct a new consumer financial protection
bureau, and characterizations that she is inclined to take an overly
punitive tack with Wall Street.