Elizabeth Warren Is Right

by | May 2, 2017 | Economy, Keith | 0 comments

What is broken in DC politics can be seen in the recent interview Senator Elizabeth Warren gave to The Guardian in which she said

“I think President Obama, like many others in both parties, talk about a set of big national statistics that look shiny and great but increasingly have giant blind spots. That GDP, unemployment, no longer reflect the lived experiences of most Americans. And the lived experiences of most Americans is that they are being left behind in this economy. Worse than being left behind, they’re getting kicked in the teeth.”

Make sure you are sitting down, swallow your coffee… I agree with Elizabeth Warren here. She is absolutely correct in what she said. She is absolutely incorrect in what she thinks will remedy this situation but the quote above is true. In fact she followed up with the usual hyperventilating about Republicans being tools of millionaires but interestingly alleged that most Democrats were also tools of millionaires.

Here is where the breathtaking hypocrisy of Elizabeth Warren become evident – she could of said this exact same thing two years ago or four years ago or six years ago because it was equally true at that time as well. Yet when Obama was actually in office, when these words could have actually had a positive effect – Elizabeth Warren was silent.
Let us make no mistake – Elizabeth Warren was not just silent for all those years – she was complicit.
For the eight years of Obama the United States experienced the greatest wealth transfer in all of human history – a transfer of wealth from the middle class and poor to the very wealthiest. Over the eight years of Obama more than 90% of Americans saw their real, i.e. inflation adjusted, earnings decrease. Over the eight years of Obama more than 90% of Americans saw their net worth, everything in including government debt, decrease. Over the eight years of Obama Americans saw billionaires on average double their net worth.
Elizabeth Warren is exactly right – 90% of Americans spent the eight years of Obama “getting kicked in the teeth.”
That Elizabeth Warren will speak about it now but was silent about it for eight years makes her fully complicit in the wealth transfer to the wealthy – a wealth transfer of which she received far more than her fair share of the money earned by the poor and middle class.
This is why we can’t have nice things…