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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMichele Bachmann jabs at Elizabeth Warren: ‘She’s no populist’
By David Ferguson
Saturday, June 14, 2014 14:16 EDT
Retiring House Republican Rep. Michele Bachmann said in an interview Friday with Huffington Posts Ryan Grim that Republicans have nothing to fear from the rise of Massachusetts Sen. Elizabeth Warren (D-MA) and her views on economic inequality.
The New Yorker magazine this week called Republican upstart David Brat the Elizabeth Warren of the right after his surprising defeat of House Majority Leader Eric Cantor (R-VA) in the Virginia Republican primary.
Bachmann scoffed at the comparison. Brat, she said, is much better than that.
I dont see Elizabeth Warren as someone Republicans have to worry about, not at all, Bachmann told Huffington Post. Elizabeth Warren, after all, was a major advocate of Dodd-Frank.
The 2010 DoddFrank Wall Street Reform and Consumer Protection Act established the Consumer Financial Protection Bureau (CFPB) and sought to put in place market protections to prevent another financial crash like 2008.
Bachmann described it differently, saying, Dodd-Frank is the biggest insider legislation giveaway that theres ever been. If any one is aligned with elites, its Elizabeth Warren. She is in no way reflective of where the average American is, because what she did through Dodd-Frank was institutionalize bailouts for the major investment banks forever. Thats what she did. So now the taxpayers are on the hook for who? The Goldman Sachs of the world? I mean, really? So thats what shes behind, so she is in no way a populist. Her views are among what the American people are rejecting.
Huffington Posts Grim noted that Wall Street in no way saw Dodd-Frank as a bailout, and fought tooth-and-nail against its passage for months. Republicans and bank-friendly officials were able to block Warrens appointment to head the bureau she created, but they were unable to stop her from becoming a senator.
Warren was not a senator, however, in 2010 when the law was passed. Also, the Harvard economics professor was more focused on the CFPB portion of the bill, which, as Talking Points Memo noted, was an idea that Warren proposed in an article for the periodical Democracy: A Journal of Ideas.
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http://www.rawstory.com/rs/2014/06/14/michele-bachmann-jabs-at-elizabeth-warren-shes-no-populist/
Posted with permission
joshcryer
(62,276 posts)She was very outspoken against a blank check TARP, as were many democrats.
Bachmann pretending to be a populist against the elites. This fascist talking point is really going to gain ground.
trublu992
(489 posts)She's huge hoarder of big corporate money
democrank
(11,096 posts)kumquat tree.
JaneyVee
(19,877 posts)MineralMan
(146,317 posts)Time's up.