Chaggaris writes: "Massachusetts Senate candidate Elizabeth Warren slammed Wall Street, talked about economic issues and took the opportunity to sharply criticize Mitt Romney during her speech to the Democratic National Convention Wednesday night."
Elizabeth Warren delivered a blistering attack on Wall Street on Wednesday night at the DNC. (photo: Getty Images)
Elizabeth Warren: "The System Is Rigged"
06 September 12
assachusetts Senate candidate Elizabeth Warren slammed Wall Street, talked about economic issues and took the opportunity to sharply criticize Mitt Romney during her speech to the Democratic National Convention Wednesday night.
Warren, the Harvard professor who's locked in a tight battle with Republican Sen. Scott Brown, said she and President Obama are on the side of small business owners.
"People feel like the system is rigged against them. And here's the painful part: they're right," she said.
"Oil companies guzzle down billions in profits. Billionaires pay lower tax rates than their secretaries. And Wall Street CEOs--the same ones who wrecked our economy and destroyed millions of jobs--still strut around Congress, no shame, demanding favors, and acting like we should thank them."
As for small business owners, Warren added, "Not one of them--not one--made big bucks from the risky Wall Street bets that brought down our economy."
"I talk to nurses and programmers, salespeople and firefighters--people who bust their tails every day. Not one of them--not one--stashes their money in the Cayman Islands to avoid paying their fair share of taxes," Warren continued, alluding to Democratic accusations that Romney is stashing some of his wealth in offshore accounts.
She also accused Romney of wanting "to give tax cuts to millionaires and billionaires...but for middle-class families who are hanging on by their fingernails? His plans will hammer them with a new tax hike of up to $2,000."
"Mitt Romney wants to give billions in breaks to big corporations - but he and Paul Ryan would pulverize financial reform, voucher-ize Medicare, and vaporize Obamacare," she added.
"After all, Mitt Romney's the guy who said corporations are people. No, Governor Romney, corporations are not people. People have hearts, they have kids, they get jobs, they get sick, they cry, they dance. They live, they love, and they die. And that matters. That matters. That matters because we don't run this country for corporations, we run it for people," Warren said.
Warren's high-profile, prime time appearance at the convention just prior to former President Bill Clinton serves two purposes: to fight back against Republican attacks, especially their continued use of the president's "you didn't build that" line, and to boost her profile for the final stretch of her Senate campaign.
"President Obama believes in a level playing field," she said. "He believes in a country where nobody gets a free ride or a golden parachute.
"A country where anyone who has a great idea and rolls up their sleeves has a chance to build a business, and anyone who works hard can build some security and raise a family," she added.
"President Obama believes in a country where billionaires pay their taxes just like their secretaries do."
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I only hope that We the People can make DC a whole lot less corrupt by cleaning out the Congress of the troublemakers so she doesn't end up getting swept under the carpet, or having to go along to get along.
I'm really sick of the last thirty years.
In 2016, I hope the Green Party has enough teeth to throw the Right and Left arms of the Corporate Party under the bus.
She knows what is going on and is not afraid and is competent to talk about it, and if she gets elected I think she knows how to fix it.
What bothered me was when the flipped the camera to some of the Democratic big-wigs during her speech they were chattering to each other and seeming to not pay attention to Liz Warren.
I honest to God would love to see Warren up there running for President. Another bold fighting woman was Brooksley Born who chaired the Commodity Futures Trading Commission Confédération and tried to raise the red flag on the credit default swap problem long before there was a problem.
There are a lot of good women out there at a time when it seems most of the men in our political system are all out for themselves. It's really bizarre how this is polarized around old white rich men and their efforts to keep the rest of the country down.
And just why, brux, do you think that is? Do you think that - with the help of the Supreme Court, and Grover Norquist and the Right Wing crazies - they're trying NOW to squeeze as much out of this economy as possible because they see the handwriting on the wall - THE DEMOGRAPHICS OF THIS COUNTRY ARE CHANGING!
The thought process: With 29 states controlled by GOP governors, control of the Supreme Court, control of the House, and filibuster control of the Senate, we'll never have as much control in the future as we currently have. So let's strike while the iron is hot and funnel ALL the money into our overloaded coffers. We'll take as much as possible away from the 99%... RIGHT NOW!
My question always is this: Why do the enablers in Congress and their Right Wing voters think they're going to be included when the 1% walks away with the loot?
As I keep mentioning, if you want to control people you must first make them afraid. I'm guessing they are probably afraid they miss out on the big paycheck, and all the power and extras that come with it. And they are probably correct in their fear. But the desire keeps them hanging on.
We'd hoped for a return to some rule of Law and some responsibility for the Bushies that broke it and so we "Look Forward" and Eric "Wall Street" Holder gets to protect his clients' benafactors!
It seems the power of big money runs much of the avoidance of the Democrats and the only way for change is from us people as a movement to first make all Campaigns short and publicly funded, and make Corporations not people and money not speech, or we're screwed and the right wing morons won't admit it until their kids are starving, but ours will be, too.
We've got a bunch of dunderheads in control of our kids' future, Christopher, and it ain't a pretty picture.
D'is is Am'r'ca y'know!
PRESIDENT!!!
ABSOLUTELY! Talk is cheap. Those of us who can, get voters to registration, drive them to the polls, make sure they have whatever their State needs as I.D. to vote. Work a phone bank in your State or work a phone bank in a State that needs you and that you are familiar with. Blog. Get that personal touch to help where you can. In other words, this election is ours to win or lose. If we do not do our part to help, we WILL lose! And, we'll have no one but ourselves to blame.
She seems to be the perfect antidote to the pseudo "passion" of the snide blatherers of the "others." I suppose those of the "others" would say the very same about their "speakers," but-- they would be WRONG.
They couldn't be MORE wrong; even they must see this.
After reading? Nice, concise, article. Thank you for sharing. "Just like their secretaries," AMEN TO THAT!
I believe this is a fact, not merely an accusation. What is also a fact is that the second I read it, I knew it was published by a major corporate news source.
She is well intentioned like so many. What does she do when they take her to the mountain top? I am supposed to believe in a woman who cannot see the SEAL teams roving the earth killing at her bosses order and whim. Of course the Mormon alternative is a guy who wants to nuke any opposition to the Empire.
The media and the parties do provide that bit of Panem et Circenses to keep the unhappy masses occupied.
It's been statistically documented that vast sums of wealth have accrued to the nation's 1%. At the same time, the minimum wage (added to salaries brought down to "compete" with 3rd world labor markets) is not keeping up with cost of living increases, primarily those impacting food, fuel, medical and housing* costs.
*Millions have lost massive home equity due to the mortgage crisis and its impact on home values. Little was done to offset the metrics of this crisis apart from bailouts--well in excess of the publicized sum of $700 billion (it's into the trillions) made to banksters.
No. WE, in the sense of the vast majority of the 99% are NOT better off today; and being forced at virtual gunpoint to purchase insurance with no caps on those costs factored into this devil's bargain is hardly an "accomplishment " that Mr. Obama can be proud of.
Due to the upper middle class doing OK, that translates into ALL doing OK. Nope. It ain't happening. The wealthy have always done just fine.
"Creating" jobs is not that simple, and a president cannot do that, especially in light of the numbers of good jobs being moved overseas. The U.S. is faltering and failing and the government continues to wage war, build drones, kill, spending billions. They are not spending billions to further improve U.S. citizen conditions.
Several decades ago, Margaret Thatcher claimed: "There is no alternative". She was referring to capitalism. Today, this negative attitude still persists.
I would like to offer an alternative to capitalism for the American people to consider. Please click on the following link. It will take you to an essay titled: "Home of the Brave?" which was published by the Athenaeum Library of Philosophy:
http://evans-experientialism.freewebspace.com/steinsvold.htm
John Steinsvold
“Insanity is doing the same thing over and over and expecting a different result."~ Albert Einstein
Just as the German rearmament in the 1930's could not have happened without the banks and corporations. Hitler had no money. Where do we think it came from?
Can’t you guys see thru all those lies? Can’t you see what Obama and the New Left Wing are doing to gain total and permanent power? And converting our United States America to the Un-United Socialists States of America!
Obama has doubled the welfare roll and food-stamp recipients (to “buy more votes”) with your tax dollars.
Obama didn’t “save” GM and Chrysler. Just ask any previous GM stockholder! Their stock is now worthless.
He destroyed GM and Chrysler by forcing them into bankruptcy, then giving the companies to the Labor Unions. (to “buy more votes”) with your tax dollars. GM still owes us over 30 billion$.
Obamacare will go down in history as the biggest boondoggle in American history. He rammed it down our throats without our vote, and with 60-70% against it. And why did he do this? To control us even further. And to destroy the jobs market.
Obama doesn’t want the unemployed to get back to work. He and the EPA have created so many stiff regulations against our American businesses that they now must move their factories overseas in order to operate with a profit.
Obama wants you to think profit is a dirty word. And successful people are our enemies. Well, how many of you have ever gotten a job from a poor man?
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