Can Elizabeth Warren Win It All? | The New Yorker

“High voltage.” I like that.

This is a really good article, and I recommend the whole thing.

«“Gentle and soft-spoken she isn’t, on anything,” Charles Fried, one of Warren’s former colleagues at Harvard Law School and a Solicitor General in the Reagan Administration, told me. “She either doesn’t speak or it is high voltage.”


“You know who agrees with that, by the way?” Warren continued. “Steve Bannon. It just hit me as I was telling you this.” She paraphrased something that Bannon, the adviser who helped engineer Trump’s victory, had said in 2017: “If the Democrats are talking about what’s happening in the lives of working people—if they’re talking about the economics of America—they’re going to win.”


“And I went from down seventeen points to beating Brown by seven and a half points.

“The same will be true in 2020,” Warren went on. She leaned forward, her eyes gleaming: “People all across this country understand that government works great for the rich and powerful, and isn’t working for them. We’ll get organized. We’ll fight for working people. We’ll build a grassroots movement. And that’s how I’ll be the first woman elected President of the United States.”»

I actually don’t care about that “first woman” part, except that I think less testosterone would be good.

«“Because when my mama walked off to the Sears and got a minimum-wage job, a minimum-wage job in America would support a family of three. It would pay a mortgage, keep the utilities on, and put food on the table. Today, a full-time minimum-wage job in America will not keep a mama and a baby out of poverty.” Her voice grew hard: “And that is why I am in this fight.”


Under Cordray, the C.F.P.B. forced financial institutions to return twelve billion dollars to customers who had been targeted by scams such as unauthorized overdraft charges and illegal fees for student-loan repayments. Congressional Republicans kept up their opposition; by 2017, they had introduced a hundred and thirty-five bills and resolutions to weaken or eliminate the agency.


At an event in Salem, New Hampshire, she pointed out that most middle-income voters are already paying a form of wealth tax, through property taxes. “All I want to do that’s different is include the Rembrandt and the diamonds!” she said. A man called out from the audience, “And the yacht!” Warren replied, “And the yacht with the imax theatre!”


“Markets are terrific at spurring innovation, driving down costs, and producing consumer benefits—if those markets operate according to some basic rules.” …. But, Warren went on, “capitalism without rules is theft. People say the game is rigged, and they’re right.”

Even some corporations and wealthy individuals have begun publicly acknowledging that the financial system is badly off balance. During a company event in March, Jamie Dimon, the head of JPMorgan Chase, said, “I don’t want to be a tone-deaf C.E.O. While the company is doing fine, it is absolutely obvious that a big chunk [of Americans] have been left behind.”»

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