Wednesday, January 27, 2010
Carol's getting me excited about Elizabeth Warren, so I spent this morning getting acquainted with her: where she comes from; what she stands for and has accomplished; her beliefs and the reasoning behind them -- and I like everything I found out.
In December '09, she wrote this: "Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?
Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can't make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street."
..... and more recently:
On Tuesday night's Daily Show, Elizabeth told Jon Stewart that "this is really the moment that will determine the future of America's middle class -- the system must be fixed or the game really is over."
..... from the linked article:
"Warren, who chairs the Congressional Oversight Panel created to monitor TARP, said: It is simple. This is America's middle class. We've hacked at it and chipped at it and pulled on it for 30 years now. And now there's no more to do. Either we fix this problem going forward or the game really is over." ....Stewart asked her why the system hasn't been fixed yet: "Well, these guys really do get it." Warren told Stewart -- the CEOs, bankers, and people in power -- "They get it. And they work best behind closed doors." If the decisions are in their hands, she said, "Nothing, nothing will change. You know, I want to turn to these guys sometimes, and I want to say: what part of 'we bailed you out' do you not get? These are people who would not have their jobs because they would not have their companies." Elizabeth Warren On The Daily Show: If We Don't Act 'The Game Really Is Over' (VIDEO)
Posted by Chloe at 12:48 PM