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Hullabaloo


Sunday, March 29, 2015

 

Who's afraid of Elizabeth Warren?

by Tom Sullivan

"It will not work," Massachusetts Sen. Elizabeth Warren said bluntly after reports last week that some Wall Street banks may withhold campaign donations from congressional Democrats over tensions with her:

"They want a showy way to tell Democrats across the country to be scared of speaking out, to be timid about standing up, and to stay away from fighting for what’s right," Warren wrote. "... I’m not going to stop talking about the unprecedented grasp that Citigroup has on our government’s economic policymaking apparatus ... And I’m not going to pretend the work of financial reform is done, when the so-called 'too big to fail' banks are even bigger now than they were in 2008."

It's that intensity, the appearance that Warren cannot be bought and is in the Senate more to represent the little guys than herself that has the effort to draft Warren for president hard at work in Des Moines, Iowa (funded by Moveon.org and and Democracy for America):

Toria Pinter, a law student who is on medical leave, said that she was drawn to Warren because of the senator's vocal call to lower the interest rates on student loans. Pinter said people should not misconstrue this campaign as anti-Clinton effort, but rather a pro-Warren movement.

"The campaign is not about Clinton," she said. "That's not what we are here to talk about. We are here to talk about Warren and how important she is to us. Because she embodies the ideals and issues that are important to us at the end of the day."

[Blair Lawton, Iowa Field Director for the Run Warren Run campaign] said even if Warren decides not to run, he believes there are some long-term benefits from this campaign including "putting a big investment into the progressive community.

Meanwhile back in Washington, D.C. (cue theme from The Empire Strikes Back), Republicans are pushing back on Warren, reports Politico:

Republicans are deploying a new taunt to needle Democrats they say refuse to consider even modest changes to financial oversight laws: Why are you so afraid of Elizabeth Warren?

It’s part of an effort by the GOP to portray Democrats as being completely inflexible when it comes to changes to the 2010 Dodd-Frank law because they are running scared from the populist wing of the party that views Warren, the most outspoken Wall Street critic in Congress, as their champion.

In an appearance at the American Bankers Association conference, House Financial Services Chairman Jeb Hensarling (R-Texas) joked that they might need extra help when lobbying Sen. Sherrod Brown (D-Ohio) and Warren: “May the force be with you.”

Reading through the rest of the article about what changes Big Bidness wants to to see in Dodd-Frank, one comes away asking whether Congress would show the same level of effort and concern over the needs and wants of less well-heeled and less well-connected constituents. Which explains why volunteers are busting their tails for Warren in Des Moines.

Who knows what words Republican old boys are actually using in D.C. to cast Democrats as inflexible or "running scared" or weak-kneed by asking "Why are you so afraid of Elizabeth Warren?" But that strikes my ear as, "What are you afraid of, a girl?"

With any luck, someone will catch one on tape saying explicitly what they really think.