A Republican makes a surprising case for Elizabeth Warren

[alwaysinasnit]

https://www.alternet.org/2020/01/a-republican-makes-a-surprising-case-for-elizabeth-warren-arguing-shell-deliver-on-trumps-failed-promises/


In the right-wing media, Sen. Elizabeth Warren is often portrayed as an enemy of free-market capitalism. But the Massachusetts senator and Democratic presidential hopeful has asserted that she is a “capitalist to my bones,” stressing that capitalism works best when it is more inclusive. And Sheila Bair (who served as chair of the Federal Deposit Insurance Corporation, or FDIC, from 2006-2011) makes a Republican argument in Warren’s favor in an op-ed this week for the Wall Street Journal.

Asserting that Warren is by no means the “left-wing radical” her critics claim she is, Bair writes, “I am a Republican and have known and worked with Ms. Warren for many years. She is a capitalist and prairie populist, in the tradition of William Allen White and Teddy Roosevelt. She believes in a market economy. She just wants it to work for everyone.”

Bair explains that she worked with Warren extensively during the Great Recession and found that she “always took a market-based approach to the issues. She abhorred the generosity of the bank bailouts not because she was a Wall Street-hating socialist, but because she knew that markets can’t work without accountability.”

Bair goes on to outline some of the ways in which Warren is very pro-free market — for example, she “wants to break up the big banks by restoring the separation of commercial and investment banking. This would encourage competition and end the implied taxpayer subsidies that too-big-to-fail institutions enjoy.”


Snip...

[blm]

1. Warren would save capitalism from the vulture capitalists now in charge.

[alwaysinasnit]

2. That is my hope but she will need for Moscow Mitch to lose his re-election bid.

[Perseus]

4. And for Democrats to keep the house and win the Senate

[alwaysinasnit]

5. Winning seats sufficient to gain a majority would be great but, at the very least, with Moscow Mitch

and his ruthless, highly intelligent, and superb tactician self out of the way, the rest of the lemming Repubs will no longer be quite so united.

[Perseus]

3. That is a very good statement, no matter who it comes from

“I am a Republican and have known and worked with Ms. Warren for many years. She is a capitalist and prairie populist, in the tradition of William Allen White and Teddy Roosevelt. She believes in a market economy. She just wants it to work for everyone.”

The part I bold can be used as a good slogan. It would be quite a slogan.

Elizabeth Warren, She believes in a market economy. She just wants it to work for everyone.

[blm]

6. Like Teddy Roosevelt

[CTyankee]

7. See, Republicans don't believe markets should "work for everyone."

Capitalism always works by have losers as well as winners. A zero sum game. So right there, Warren is not a capitalist in the brutally honest sense of the word.

But I love and support Sen. Warren and want to see her president!

[blm]

8. The difference is between healthy capitalism and vulture capitalism.