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Cali_Democrat

(30,439 posts)
Sat Nov 8, 2014, 01:25 AM Nov 2014

New Senate Majority Leader Mitch McConnell plans to taunt/troll Elizabeth Warren for the next 2 yrs

Unfortunately, one result of the 2014 election is that Warren has become virtually powerless.

The Republicans now control the Senate Banking Committee.

This is why voting matters folks:

Why Mitch McConnell Plans To Troll Elizabeth Warren
Posted: 11/06/2014 7:29 pm EST


WASHINGTON -- Sen. Mitch McConnell (R-Ky.), looking forward to a GOP Senate majority, laid out the Republicans' 2015 financial policy platform: trolling Sen. Elizabeth Warren (D-Mass.).

"The Senate Banking Committee is certainly going to be taking a look at Dodd-Frank," said McConnell, who is widely expected to be the next Senate majority leader, in a Wednesday press conference. "I've called it frequently 'Obamacare for banks.'"

He continued, "The big guys are doing just fine under Dodd-Frank. The community bankers are struggling. I do think the Banking Committee will want to take a look at how much damage it's done to the little guys who had nothing whatsoever to do with the meltdown in 2008. I'd be surprised that the Banking Committee isn't going to look at it."

In other words, McConnell's big plan for bank policy seems to be calling the 2010 Wall Street reform law names and trying to dirty the public relations waters for bank reform advocates, like Warren, on vaguely populist grounds. Warren, an outspoken member of the Banking Committee, is known for pushing federal regulators to focus on the needs of ordinary Americans.

Read more:
http://www.huffingtonpost.com/2014/11/06/mitch-mcconnell-elizabeth-warren_n_6117340.html

14 replies = new reply since forum marked as read
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CaliforniaPeggy

(149,627 posts)
1. I'm sure she's aware of his plans...
Sat Nov 8, 2014, 01:28 AM
Nov 2014

And I'd be surprised if she doesn't have any of her own.

She is one tough, smart lady. It won't be fun for her, but I think she'll survive.

 

MannyGoldstein

(34,589 posts)
2. Remember when the Third Way tried that?
Sat Nov 8, 2014, 02:37 AM
Nov 2014

She neatly sliced off their butt cheeks, braised em, then served with a mango-vinegar reduction with mint sprigs

Next she jammed their mouths open and forced their prepared butt-cheeks down their throats, while Jamie and Lloyd fled to their safe rooms for an underwear change.

 

Cali_Democrat

(30,439 posts)
3. The majority in the Senate gets their agenda heard
Sat Nov 8, 2014, 02:43 AM
Nov 2014

Remember Elizabeth Warren's student loan proposal? It made waves because the legislation actually made it out of committee.

With no Democratic majority in the Senate, the GOPers now control the committees.

None of her proposals will see the light of day and the media will rarely have her on. They prefer "mavericks" like John McCain.


Major Hogwash

(17,656 posts)
4. What else did you expect him to do, support more banking reform??
Sat Nov 8, 2014, 03:16 AM
Nov 2014

Gimme a break, McConnell is going to make sure the biggest banks in this country get what they paid for --- every damn dime!!

Cha

(297,265 posts)
5. Those who whine they didn't vote because they saw no reason to.. will not be moved. Elizabeth who?
Sat Nov 8, 2014, 03:16 AM
Nov 2014

But, we'll see how successful ol mitch is at "trolling EW".. my money's on her!

Thanks Cali! This overtaking of the Senate by the pubbies might have some Law of Unintended Consequences that aren't much fun for them.. who knows?

Can only hope there are many silver linings!

freshwest

(53,661 posts)
7. I'm thinking this will drive her to run for POTUS just as denying her CFPB chair made her Senator.
Sat Nov 8, 2014, 06:13 AM
Nov 2014
A GOP Senate's First Target - Elizabeth Warren’s Consumer Protection Agency

For years, House Republicans have been trying to gut her greatest accomplishment.




By Erika Eichelberger - Sep. 26, 2014

If the GOP wins the Senate, they'll no doubt use the opportunity to push through a range of measures that are kryptonite to Democratic voters—new abortion restrictions, limits on the ability of the Environmental Protection Agency to combat climate change, a relaxation of the rules reining in Wall Street's worst excesses...

Yet people blame Obama.

The bureau's job is to make sure Americans aren't getting screwed by mortgage lenders, credit card companies, debt collectors, and other financial institutions. It's the first federal agency designed specifically to protect everyday consumers from financial wrongdoing, and Republicans have done everything in their power to hobble the agency—including fighting the confirmation of its director, Richard Cordray. Winning the Senate in November could be their best chance to roll back Warren's greatest accomplishment...

Half of their work is already done. The House has passed a bill that would limit the bureau's power by replacing its director with a five-member panel, and subjecting its budget to the congressional appropriations process—meaning that hostile lawmakers could starve it to death. (Unlike most federal agencies, the bureau is bankrolled by the Federal Reserve, an effort to free it from the whims of partisan politics.) House Republicans have also introduced legislation to let other financial regulators overturn CFPB rules, to eliminate a fund the bureau uses to compensate consumers who've been defrauded by an institution that's gone belly-up, and to restrict the kind of data the bureau may collect from consumers. (Republicans have charged that the CFPB's collection of credit data is a violation of privacy, even though the bureau does not collect any personal details the consumer doesn't volunteer.)


Yet people hate the Federal Reserve, and want to effect a Ron Paul and Libertarian plan to eliminate it. A lot more on what they'll do to destroy Warren's work:

http://www.motherjones.com/politics/2014/09/republican-senate-would-gut-elizabeth-warren-consumer-protection-bureau

They've planned her demise for years now. It may be their undoing.



Is that why Obama is smiling?

As far as the unmoveables, enjoy this:

Clinton-Warren for Change



Brent Budowsky Posted: 06/20/2014

...I predict that, if Clinton is nominated in 2016, such polling data would inspire her to seriously consider this possibility as the tidal wave of voter rebellion against status quo politics reaches epic proportion. A ticket of two women would appear as a refreshing broom to sweep aside the discredited politics of demonization, destruction and dysfunction that most Americans detest.

Here's my Clinton-Warren math, which polls will prove or disprove. Net voter support from independent and GOP women: up markedly. Voter turnout and fundraising for Dems: up markedly. Net voter decrease from men who would otherwise vote Democratic: little.
The insider establishment is oblivious to the powerful hunger for transforming change from voters who have endured a decade of scarce jobs, stagnant wages, rising costs and financial pain in an economy they know is fixed and a politics they know is rigged...

Warren's appeal transcends ideology and gender. She reaches the same working-class men that Clinton successfully addressed midway through her 2008 campaign, when she abandoned her consultant-driven caution and fully hit her stride. Today, Warren works with Sen. John McCain (R-Ariz.) for a 21st century version of Glass-Steagall financial reform...


http://www.huffingtonpost.com/brent-budowsky/

Never heard of the writer but this is what Wikipedia says about him:

Brent J. Budowsky (born February 19, 1952)[1] is an American political opinion writer and blogger for publications including The Hill,[2] the LA Progressive,[3] and The Huffington Post.

From the mid-1970s to 1990, Budowsky served in senior congressional staff positions including legislative assistant to former Senator Lloyd Bentsen;[4] extensively involved with the Intelligence Identities Protection Act and Intelligence Officers Death Benefits Act, and legislative director to Representative Bill Alexander, then the Chief Deputy Majority Whip.

https://en.wikipedia.org/wiki/Brent_Budowsky

Everyone listed there is a Democrat. He's been around for a while. With Warren's raison d'être, the CFPB, gutted by the GOP, she may be frustrated enough to run.

Warren has said repeatedly that she supports Hillary for POTUS. Those who want Warren but despise Clinton would be faced with a dilemma if both women ran on the same ticket.

Unintended consequences, indeed!

 

NYC_SKP

(68,644 posts)
14. I could sort of warm up to that, I guess.
Mon Nov 10, 2014, 03:11 PM
Nov 2014

But for now, leading up to primaries, I'm keeping to my ideals-- that's why we have primaries.

Vinca

(50,273 posts)
10. Mitch will have other things to worry about after Cruz officially splits the GOP in the Senate.
Sat Nov 8, 2014, 09:03 AM
Nov 2014

Fun times to come.

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