Sen. Elizabeth Warren (D-MA), blasted the Trump administration’s deregulatory agenda Tuesday. The progressive firebrand defended the post-2008 crisis reforms she helped implement, announcing legislation to end “corporate capture of the regulatory process,” per American Banker.
Her speech will accelerate speculation that she will be one of dozens of Democrats pondering a presidential run in 2020.
Warren said she plans to introduce bills to “padlock the revolving door between government and industry,” stop government officials from making policy decisions that personally benefit them, and empower government agencies to pass strong regulations to keep corporate influence out of the process.
Senator Warren “framed the Trump administration’s recent policies, including efforts to roll back Consumer Financial Protection Bureau rules,” per AB, as a “war on regulations,” she said.
“The so-called war on regulations isn’t about freedom,” Warren expressed during her speech at Georgetown University Law School. “The war on regulations is waged on behalf of giant companies that don’t want to follow any rules. So let’s call it what it really is — a war on public health, a war on public safety, a war on truly free and competitive markets, a war on American workers, a war on American consumers.”
That’s a clear challenge to the rising tide of some 2 out of 3 Americans who pollsters say believe that under President Donald J. Trump’s leadership, the economy is improving.
“The answer is pretty simple — corruption,” Warren said. “Giant corporations and wealthy individuals are working in the shadows to make sure that government works for them, not for the people.”
Warren has blasted monopolistic practices before. But Secretary Hillary Clinton, who she supported in 2016, embraced the very corporate giants that Warren is now verbally blasting.
With recently rising markets suggesting that investors are regaining confidence that the White House could be correct on an array of domestic and foreign policy issues, and with Democrats like Doug Schoen saying that their party is locked in their own civil war between moderates and de facto socialists, the senator the president has dubbed “Pocahontas” will be one to watch.
With Manufactured Housing Institute (MHI) government relations insider, Nathan Smith of SSK Communities, along side Warren Buffett’s well known pro-Democratic leanings, industry members must ask: if the achievements under the Trump Administration will be undone with their tacit or active support if a Warren win became reality? “We Provide, You Decide.” © ## (News, analysis, and commentary.)
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