Elizabeth Warren, Hypocrite and Crony Capitalist

The Elizabeth Warren attack on Barack Obama for protecting the finance industry is a con job.

elizabeth warren

Yes, Barack Obama was bought and paid for by Goldman Sachs and the rest of the finance industry, so her criticisms are true enough in that area. But she is claiming that the Democrats aren’t really like that and that the Republicans are worse. Thus, the Daily Caller reports:

Obama’s economic team “protected Wall Street,” Sen. Warren told Salon. “Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over.”

Asked about the Democratic Party’s same tendency, Warren defended it by arguing she and her colleagues are doing more to fight Wall Street than Republicans.

First of all, Elizabeth Warren has been careful to position herself as the enemy of banks, but judging from her behavior only a fool would assume that her slogan represents her real values. Much more likely, she hopes to gain enough value to banks to get them to finance her in future campaigns. Just like under Barack Obama, banks are most effectively protected when they have politicians who pretend to be their critics. If Barack Obama had run a campaign of defending the so-called “financial industry” he wouldn’t have been nearly as valuable to the financial industry. Obama’s role was to talk populist talk while he walked bankster walk. Since Obama’s role has become obvious, it is now time for a new “champion” to be manufactured to play the part. Thus, Elizabeth Warren is now auditioning.

But, remember, Elizabeth Warren came out in support of that center of corruption and crony capitalism, the Export-Import Bank, despite the fact that many on the Left (with many on the Right) are trying to make sure the bank gets shut down. She has zero credibility as a true, principled critic of  corruption in the financial sector. She is a defender of corporate welfare.

As for the Republican Party, yes it is true some GOP politicians are friends of the financial sector, but these are the very ones that Elizabeth Warren is more comfortable with. Remember, the Tea Party is the true enemy of the one percent. Eric Cantor, you may be remember, was defeated by an anti-cronyist Tea Party underdog, forcing Cantor to be get rewarded by the private sector earlier than planned.

Warren is hiding the truth about who is the real opponent of financial corruption in our current political situation.