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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Speech That Could Make Elizabeth Warren the Next President of the United States
12/13/2014
Early Friday evening Sen. Elizabeth Warren took to the Senate floor and gave a plain-spoken, barn-burning speech that could make history and put her into serious contention to be the next President of the United States.
There are only a handful of political speeches that have such historic impact. Barack Obama's keynote speech at the 2004 Democratic Convention comes readily to mind. It's what catapulted an obscure Illinois state Senator into the national limelight and put him on the path to becoming President.
Warren's Senate speech was different, but just as electrifying.
Here's the heart of Warren's speech:
Democrats don't like Wall Street bailouts. Republicans don't like Wall Street bailouts. The American people are disgusted by Wall Street bailouts
And yet here we are, five years after Dodd-Frank with Congress on the verge of ramming through a provision that would do nothing for the middle class, do nothing for community banks, do nothing but raise the risk that taxpayers will have to bail out the biggest banks once again...
So let me say this to anyone who is listening at Citi[group]. I agree with you Dodd-Frank
isn't perfect. It should have broken you into pieces!
If this Congress is going to open up Dodd-Frank in the months ahead, then let's open it up
to get tougher, not to create more bailout opportunities. If we're going to open up Dodd-Frank, let's open it up so that once and for all we end too big to fail and I mean really end it, not just say that we did.
Instead of passing laws that create new bailout opportunities for too big to fail banks, let's pass...something...that would help break up these giant banks.
A century ago Teddy Roosevelt was America's Trust-Buster. He went after the giant trusts
and monopolies in this country, and a lot of people talk about how those trust deserved to be broken up because they had too much economic power. But Teddy Roosevelt said we should break them up because they had too much political power. Teddy Roosevelt said break them up because all that concentrated power threatens the very foundations up our democratic system.
And now we're watching as Congress passes yet another provision that was written by lobbyists for the biggest recipient of bailout money in the history of this country. And its attached to a bill that needs to pass or else we entire federal government will grind to a halt.
Think about that kind of power. If a financial institution has become so big and so powerful
that it can hold the entire country hostage. That alone is reason enough to break them up.
Enough is enough.
Enough is enough with Wall Street insiders getting key position after key position and the kind
of cronyism that we have seen in the executive branch. Enough is enough with Citigroup passing 11th hour deregulatory provisions that nobody takes ownership over but everybody will come to regret. Enough is enough
Washington already works really well for the billionaires and the big corporations and the lawyers and the lobbyists.
But what about the families who lost their homes or their jobs or their retirement savings the last time Citigroup bet big on derivatives and lost? What about the families who are living paycheck to paycheck and saw their tax dollars go to bail out Citi just 6 years ago?
We were sent here to fight for those families. It is time, it is past time, for Washington to start working for them!
Please take less than 10 minutes of your time to watch the speech below. Like Obama's 2004 Convention speech, it was an historic speech, a potentially game changing speech. It catapulted Warren from a potential nuisance to Hillary Clinton's coronation as the Democratic nominee to someone who could foreseeably win the nomination and even the Presidency....
http://www.huffingtonpost.com/miles-mogulescu/the-speech-that-could-mak_b_6319142.html
MiniMe
(21,718 posts)RiverLover
(7,830 posts)Voice for Peace
(13,141 posts)She can't not run now. She has totally eclipsed Hillary.
INdemo
(6,994 posts)recent action by Democrats in the Senate and bowing to the Republicans in the spending bill, Democrats don't care if a Republican wins in 2016.And they would not want Elizabeth Warren as President because it would cost some Democrats their job.
If Elizabeth Warren would in 2016 she would bring with her real Democrats replacing Republican lites so a to build an actual functioning Democratic Caucus in Congress.
polichick
(37,152 posts)marym625
(17,997 posts)Sadly
RiverLover
(7,830 posts)marym625
(17,997 posts)I suppose you could say that about her quote. She doesn't say "I will complete my term as senator" but "I plan to complete. .."
Ok. That'll be good.
InAbLuEsTaTe
(24,122 posts)But if Elizabeth does run - and she will - then I think Hillary will get out of the way realizing she has no chance against the Warren juggernaut.
marym625
(17,997 posts)Liberal or progressive even supports Hillary. If she does run, I will volunteer in a campaign, in the primaries, against her.
InAbLuEsTaTe
(24,122 posts)But I do think she will run and Hilary will graciously bow out, in which case I will be going to work for Elizabeth's campaign.
marym625
(17,997 posts)One of them will run. I'm curious to see which the DU people think should
sabrina 1
(62,325 posts)win most of the time.
But this is just Warren or Sanders
AtomicKitten
(46,585 posts)graciously bow out?
you on the crackpipe, son?
omglolsnort! she wouldn't concede when she lost last time
merrily
(45,251 posts)McCain was running, but Obama had to keep going with pointless primary efforts because of her. I suspect it was because she wanted to keep dividing the Party (PUMA-Party Unity My Ass) so that she could cut a deal with Obama about her and Bill campaiging hard for him if he would......
And here is Clinton loyaltist, James Carville, smirking while flaunting his PUMA sneakers at the DNC convened to nominate Obama.
INdemo
(6,994 posts)...and would get votes.She is the best candidate Republicans would have thus far
marym625
(17,997 posts)1StrongBlackMan
(31,849 posts)those seating home (or threatening to) if their favored candidate doesn't run (or doesn't win the primary) ARE NOT THE PARTY BASE!
cheapdate
(3,811 posts)Dragonfli
(10,622 posts)If the nominee is Clinton they likely won't be among "those seating home" - but you're in for a surprise if you think they won't just vote Republican if Warren is the nominee. The base these days is not comprised of Democrats per se but rather business partners of sorts, if your candidate is not in business with these powerful interests then they simply vote Republican (except for the very rare instances where the Republican isn't in business with them - then they be seating home maybe).
Maynar
(769 posts)I could wish for.
Warren for President!
InAbLuEsTaTe
(24,122 posts)INdemo
(6,994 posts)people coming out of the wood work to vote and contribute
The election of 2016 is not just another Presidential election. The election of 2016 will be a referendum about our Democracy.
Do we allow Corporate mafia, Wall St and the Banks to completely absorb our Democracy.
With Obama it was about saving our economy.There is much more at stake in 2016
The Whole world is watching us.
cascadiance
(19,537 posts)Which of all of the potential candidates for 2016 do you think that Wall Street and other corporate lobbyist money would aim at most to shut down as soon as they were to announce they were running for president. If you don't know the answer to that question, you are either stupid or complicit with the corporatist propaganda spinners...
I love Bernie Sanders and would think he would also make a great president, but consider these variables that I think makes Ms. Warren a better candidate at this point:
1) As a woman with Hillary Clinton likely being the other major candidate for the nomination, no one would be able to play the "gender card" in shutting down Ms. Warren, or elevating Ms. Clinton when they are battling each other. They would both need to focus on issues, since their identities as both being white women would be equivalent. That would make for a healthy nomination process where the issues would have to be discussed, and hopefully the issues that Ms. Warren would bring up much to the dismay of corporate media as well that would like to not deal with framing a discussion on such issues.
2) Bernie will still also have to deal with himself "becoming a Democrat" to be in the nomination process, as he knows that is the only way he will really positively affect and be a contender in the race for 2016, and not be looked on as a new "Ralph Nader" in a system that is rigged to only allow for one of the two major parties to be a real candidate. Warren won't have that baggage. I don't think that Bernie should have to deal with that, but that is the way it will become a distraction from us focusing on a debate on issues as well.
3) Ms. Warren, as documented here, may not have the political experience of other political candidates, but she would DWARF the experience and the public's desire for her knowledge and perspective over other potential candidates of what has affected the middle class and the 99% from the bad economy we've had lately, as noted from this speech she made before she was on the political radar before the election in 2008, and right before the big meltdown then.
4) I think her age in 2016 would be perfect for her to run then. If she waits an election or two after that, she might be viewed as too old for the office then. She also doesn't have to worry about running for president and the senate in the same year, as she wouldn't be up for reelection in the senate then. That way, even if she doesn't win the nomination, she could continue to be a great senator from Massachusetts.
AikidoSoul
(2,150 posts)"And of all of them that might she has the MOST to lose announcing early on..."
For her to announce her plans too early would be political suicide. She needs to ride in on her white horse at the
latest possible time.
Meanwhile there is a movement growing to support her leadership in any and all ways possible -- one can hear the drum beating for her from all corners of this country.
For the time being, she just needs to be what she does best. She inspires trust and hope for the future of this country as she does battle with those who would ruin it in the name of greed lust.
AtomicKitten
(46,585 posts)She is the star ascendent and will make a move in due time. Very exciting times these are.
merrily
(45,251 posts)I didn't believe either one of them.
People fudge about running; people change their minds about running.
Does that mean Warren will run? No clue. But, I am not counting anyone in or out yet. Time will tell, not DUers anxious for a Hillary coronation.
And I not anxious for a Hillary coronation. Not even close.
Blanks
(4,835 posts)Think about that kind of power. If a financial institution has become so big and so powerful
that it can hold the entire country hostage. That alone is reason enough to break them up.
The video is too long and she talks too much to keep an audience of ignoramuses (aka Americans) interested.
If she's gonna be running for president, she's gonna need to write more concise speeches. I think she's great, but the people who need to hear her - they won't have a clue as to what she's talking about.
RiverLover
(7,830 posts)"We didn't become the most prosperous country in the world just by rewarding greed and recklessness. We didn't come this far by letting the special interests run wild. We didn't do it just by gambling and chasing paper profits on Wall Street. We built this country by making things, by producing goods we could sell."
Barack Obama
Where is he?"
That would have been captivating. But not conducive to her cause in that senate speech, which was to speak truthfully & powerfully about something most are too timid to go near. And to change some minds.
Fred Sanders
(23,946 posts)RiverLover
(7,830 posts)and he succeeded with enough to squeeze this through the house by 13 votes.
And now you expect her to what? Praise him? He's fighting FOR Wall Street and derivatives, and putting our economy at risk AGAIN.
Probably was a deal so they wouldn't defund Obamacare. That, and the fact that Goldman Sachs & Citi were among his highest campaign donors...
Enthusiast
(50,983 posts)Horrible policy!
Get it?
BeanMusical
(4,389 posts)Although it could be on purpose.
rhett o rick
(55,981 posts)follow a leader have no business in our Party.
hedda_foil
(16,375 posts)Senate protocol that the person sitting in the Senate president's chair be addressed as Mr or Madam President.
Faryn Balyncd
(5,125 posts)K and R
InAbLuEsTaTe
(24,122 posts)George II
(67,782 posts)...went to the polls last month.
I doubt that she'll run for President and, if she does, I doubt she'll even win the nomination.
Beyond her economic knowledge, she has very little other practical experience to qualify her for President.
thesquanderer
(11,990 posts)re: "I doubt she'll even win the nomination. ... Beyond her economic knowledge, she has very little other practical experience to qualify her for President"
Economics is at the heart of virtually all domestic policy. She doesn't have foreign policy experience, but neither did Obama, Bush 43, Clinton, or Reagan, and they all managed to win both the nomination and the presidency.
Really, when it comes down to winning elections, I think what matters more than any experience is the ability to inspire. I think Warren has that. The issue is whether anyone running against her can be more inspirational (whether in the primaries or the general), and based on the names being tossed around so far, I don't think so. Barring some huge mis-step, based on the current likely field, I think if she runs, she wins.
George II
(67,782 posts)AikidoSoul
(2,150 posts)
Really, when it comes down to winning elections, I think what matters more than any experience is the ability to inspire. I think Warren has that. The issue is whether anyone running against her can be more inspirational (whether in the primaries or the general), and based on the names being tossed around so far, I don't think so. Barring some huge mis-step, based on the current likely field, I think if she runs, she wins.
JDPriestly
(57,936 posts)BeanMusical
(4,389 posts)Enthusiast
(50,983 posts)George Herbert Walker Bush: Decorated WWII veteran, Head of the CIA and Vice President. He did a bang up job!
merrily
(45,251 posts)rhett o rick
(55,981 posts)stands when he nominated Antonio Weiss.
It's clearly the Warren Wing vs. the Wall Street Wing. It's time to choose a side.
marym625
(17,997 posts)For the Fed. Disgusting
rhett o rick
(55,981 posts)marym625
(17,997 posts)He is the author of the End Game Memo. This guy orchestrated the collapse of the world economy. And then nominated for the fed? That's a wtf beyond the beyond.
I agree with you. Just think that Summers nomination is more telling than anything else when it comes to who President Obama is in bed with
rhett o rick
(55,981 posts)marym625
(17,997 posts)But he gave them the power over him. Obvious since before the 2008 election.
Sad. Just friggin' sad
Eleanors38
(18,318 posts)the banking elite, and some other corporate elements, have been preparing for sometime to counter a general economic & political collapse. When, not if, but When opposition develops it will be at the ballot box and in the streets. It will be neither pretty nor easy.
AikidoSoul
(2,150 posts)There is so much that was hidden from the public.
A thread on this topic would help clarify. I think you're referring to Richard Corday? If so, I know that Warren was pushing for him to get into the position of the CFPB.
Forgive me if this has already been discussed here. I've been very ill for months and basically out of it at every level.
I swear, Elizabeth Warren has somehow breathed new life into me!
On edit: corrected spelling on two words.
hedda_foil
(16,375 posts)If you were also unaware, it's one of the Most important revelations Greg Palast has ever uncovered. Please, please read this article. It reveals what has been going on with the big banks, courtesy of Rubin, Summers and.Geithner, since the Clinton administration and Geithner played a big part.
http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/
The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.
Second, the banks wanted the right to play a new high-risk game: "derivatives trading." JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as "assets."
Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.
But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?
The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet in one single move. It was as brilliant as it was insanely dangerous.
How could they pull off this mad caper? The bankers' and Summers' game was to use the Financial Services Agreement, an abstruse and benign addendum to the international trade agreements policed by the World Trade Organization.
Until the bankers began their play, the WTO agreements dealt simply with trade in goodsthat is, my cars for your bananas. The new rules ginned-up by Summers and the banks would force all nations to accept trade in "bads" toxic assets like financial derivatives.
Until the bankers' re-draft of the FSA, each nation controlled and chartered the banks within their own borders. The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives "products."
MUCH more:
http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/
marym625
(17,997 posts)But I thought it was common knowledge. But I am a Palast groupie of sorts. Best journalist in the world
Thanks for the info.
arcane1
(38,613 posts)marym625
(17,997 posts)I'm surprised so many aren't familiar
Sorry if this is the same link already put up. I'm sure Greg would be happy to have you order one of his many publications that address this and related corruption.
http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/
AikidoSoul
(2,150 posts)that I know of, although Klein and Taibbi are very good.
I live in poverty with chronic illness, but I do send Palast money when I can so he will stay as independent as possible. I know of friends who also send him money.
I've come to know that there are very few tenacious and trustworthy sources of information. Palast is a gem.
I just wish he wouldn't swear so much... but knowing what he knows... I guess I can't really blame him.
Thank you for posting this. I wish I had thought of it, as I do have a collection of his announcements, stories, etc.
I've just had brain surgery in late October, and am finally able to function. But it's slow going.
marym625
(17,997 posts)This says, "to my Mary, Greg Palast"
AikidoSoul
(2,150 posts)He has dug so deep into corrupt policies and unfathomable greed and writes so compellingly about the people who do it, that I'm amazed that someone hasn't knocked him off! He's had a few close calls.
Palast and Warren are both a very special breed. They dig and don't stop digging until they get as close to the truth and bigger picture as possible. While Warren is somewhat dour, Palast is so gleeful and humorous when he breaks through the shields of lies to get to the truth. He never fails to describe with great humor what the shields to the truth look like....usually people in high places doing outrageous things for wealth.
And then there are his stunning posts on the character aptly named "The Vulture". Read about him and your stomach will feel queasy and you will know that there are people who are willing to destroy entire countries by stealing their wealth. This kind of greed is beyond my personal understanding.
marym625
(17,997 posts)Me either. Just can't even fathom why anyone would be so greedy.
He's just awesome. Only real journalist left.
merrily
(45,251 posts)marym625
(17,997 posts)Just think he's the worst of all the Devils
merrily
(45,251 posts)The banks have been loving those low rates. How about Main Street savers, though?
I don't know how Summers is worse than Bernanke and Geithner and Goulsbee and their ilk combined. Republican/New Democrat fiscal policies.
marym625
(17,997 posts)But it was Summers that wrote the end game memo. That speaks volumes for me.
We can hate them all.
merrily
(45,251 posts)believe for a second that no one took his calls after he officially left the employ of the Obama administration.
Yep, we can hate them all, but what good does that do? Hating creates only ulcers and other bad physical and emotional consequences, not good fiscal policy.
marym625
(17,997 posts)merrily
(45,251 posts)Tweedle Dum and Tweedle Dee and Thing 1 and Thing 2 are not far behind.
marym625
(17,997 posts)Martin Eden
(12,874 posts)"cronyism that we have seen in the executive branch"
ucrdem
(15,512 posts)RiverLover
(7,830 posts)The author of the linked OP made the comparison that this speech has put her on the map, much like Obama's '04 speech to the DNC.
ucrdem
(15,512 posts)This has the appearance of a stunt and if the spending bill goes down a lot of people are going to get hurt.
RiverLover
(7,830 posts)spending bill.
ucrdem
(15,512 posts)She did say something about backing an amendment by John McCain but I think she said it was from last year.
ucrdem
(15,512 posts)Figured it out from your other thread, thanks.
Faryn Balyncd
(5,125 posts)MrScorpio
(73,631 posts)Now all that's needed is to get her into the White House.
RiverLover
(7,830 posts)Enthusiast
(50,983 posts)Horse with no Name
(33,956 posts)I also have 100% faith that they will not be our candidates.
BUT if they are, they have 120% of my support. Screw #moreofthesame
99Forever
(14,524 posts)But PLEASE watch your back, the scumbags you are taking on have no morals or scruples, and I have zero doubt that they wouldn't hesitate assassinating you if they think they can. Consider the convenient death of Sen Paul Wellstone and NEVER, EVER get on a small aircraft. We NEED you to fight for us.
James48
(4,438 posts)Lizzie Warren took an axe,
And gave those bankers forty whacks;
When she saw what she had done,
She gave that Wall Street forty-one
eridani
(51,907 posts)That gave big bankers heart attacks
When we saw what she had done
Everyone said "Run, Liz, run"
AikidoSoul
(2,150 posts)merrily
(45,251 posts)woo me with science
(32,139 posts)Tell it, Elizabeth!
loudsue
(14,087 posts)A failed state.
Enthusiast
(50,983 posts)ladjf
(17,320 posts)Senators. They are Senators Warren and Sanders. If the American people fail to place at least one off them in the White House in 2016, they will have missed an historic opportunity to turn our terrible National politics back into the type of Constitutional Government that we desperately need.
RiverLover
(7,830 posts)Enthusiast
(50,983 posts)and recommended!
arcane1
(38,613 posts)Agschmid
(28,749 posts)djean111
(14,255 posts)She cannot stop bills all by herself, but that does not mean she should sit down and shut up, and it does not mean she did not do some good.
Too many blue dogs to stop that bill, and Obama certainly is not going to think twice about signing it.
The great shame is that fucking JAMIE DIMON was calling "Democrats" and urging them to pass the bill.
For me, the Democratic Party jumped the shark, right there.
Bluenorthwest
(45,319 posts)or with name attached. They do this all the time. I'm not suggesting a course of action, but I am saying it is not correct that she can not stop bills all by herself. She can. All Senators can and many do so.
djean111
(14,255 posts)amendments were stripped out, but not stopped for long. At least a lot of people are now cognizant of what that bill contains. The next two years will, I think, be horrifying. I have no faith that Obama will use his veto pen for much of anything, and I think Reid will willingly bend to the majority.
cui bono
(19,926 posts)Okay, I really rec'd cuz I want Warren for President...
calimary
(81,432 posts)Teddy Roosevelt. Whose nickname (well, one of 'em, certainly) was "The Trust-Buster." NOBODY invokes his name or legacy under ANY circumstances, which is a little bit bewildering to me! AND he was environmentally conscious, too. Not perfect by a long shot, but MAN would he be a great candidate today. Certainly what we would need!
All I can say about Elizabeth Warren at this point is - "DAYUM, Girlfriend!!!" If NOTHING else, she should push Hillary Clinton back LEFT. I'm sure it's not lost on Hillary how this is stirring, and tapping into, the suppressed passions that move true Democratic and liberal and progressive hearts everywhere. She isn't stupid.
This may be a turning point. It depends. I hope it IS! But we've got the Christmas/New Year's break coming up and the short-term-memory outta-sight-outta-mind mentality that seems to govern too much of America. It'll be up to us to keep this alive when everything else is shutting down for the holidays. This HAS TO stay on the front burner. This issue, and ALSO the issue involving police overkill and multiple incomprehensible grand jury rulings and young blacks invariably winding up the victims. I've seen and heard more than a few comments in the media recently about how the Ferguson movement has NOT died down. It's expanded thanks to MULTIPLE further horrors, states away, incomprehensible tragedies that were so ridiculously unnecessary and avoidable. Ridiculous and hideous. We count on our police to make judicious responses to situations they confront in the field. I'm certain police from coast to coast, from officer to department, feel a big increase in public pressure. But CRIMINY! This is SHAMEFUL! It's a SIN. If one professes to believe in Jesus, then one simply MUST be against this. It simply HAS TO END. This is another one of those absolutes, seems to me.
But truly - is this, too, who we are? It's asked in a different context (torture) but it seems to apply just as much here.
I'm wondering if some national introspection starts to set in now. Dare I hope that when one lets republi-CONS be republic-CONS, one quickly discovers how badly they crap all over everything, and the next chance one gets, they're voted OUT? Do people really have to find out this hard a hard way - what it means in real life when you vote GOP? I wonder if a national examination-of-conscience is coming our way. And will this provoke the kind of reaction/response from Democrats as we saw this ignite in Elizabeth Warren and Nancy Pelosi? IS THERE a change coming? Is this the start?
Or will this be allowed to wither on the vine by early-January?
RiverLover
(7,830 posts)And to a national change of consciousness.
(If only FoxFiction & Propaganda would disappear, this would be much easier)
Dirty Socialist
(3,252 posts)We need a trust buster in the White House.
Enthusiast
(50,983 posts)MadDAsHell
(2,067 posts)merrily
(45,251 posts)DUers claimed head of the Party Obama had?
RiverLover
(7,830 posts)Lesson painfully learned. Still hurts.
INdemo
(6,994 posts)the 1988 Democratic Convention, then we had the Senator from Illinois's 2004 Democratic Convention speech and it seemed like it put them on the trajectory of their Presidential Campaigns. But yes I agree if speeches elected Presidents we are in trouble.
But I haven't never heard a Senator that spoke so sincerely about the middle class, working class Americans.
I have never heard any politician explain the bonding of/between Wall Street and the Congress.
Hillary Clinton could never ever give a speech like this because Wall St owns her.
Eleanors38
(18,318 posts)and everybody who has heard it knows it. When she makes the speech "in public," then the game is up about all this will-she-or-will- she-not.