Elizabeth Warren unveils her economic plans

Mar 2012
59,715
41,189
New Hampshire
Thoughts?

Elizabeth Warren pivoted her presidential campaign on Thursday to the issue that made the Massachusetts senator a hero of the progressive left long before she was first elected in 2012: Reining in Wall Street.

Warren is calling for the reinstatement of a modern Glass-Steagall Act, which would wall off commercial from investment banks, new restrictions on the private equity industry, and legislative action to more closely tie bank executives' pay to their companies' performance. Backlash from the financial industry would be an added bonus for Warren's campaign, which is keen to remind primary voters of her long record of opposing deregulation and supporting stricter rules on the big banks and other corporate lenders.

This latest policy rollout is the second piece of what Warren is calling her "economic patriotism agenda." Her campaign's proposals are designed to curtail capitalist excess by increasing oversight and implementing rules to increasing corporate accountability to workers and small-time investors.

"We should impose tough new executive compensation rules for bankers that discourage needless speculation and encourage productive investments," she writes. Warren's plan would also create, in effect, a public option for consumer banking that would use the United States Postal Service as a partner "to provide access to low-cost, basic banking services like checking and savings accounts at post offices and online." Perhaps the most detailed element of Warren's latest plan deals with private equity firms, whose business model she describes as "legalized looting" that "suck(s) value out of the economy."

Elizabeth Warren's new plan targets Wall Street and private equity 'vampires' - CNNPolitics
 
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Libertine

Moderator
Apr 2015
16,406
3,236
Katmandu
Thoughts?

Elizabeth Warren pivoted her presidential campaign on Thursday to the issue that made the Massachusetts senator a hero of the progressive left long before she was first elected in 2012: Reining in Wall Street.

Warren is calling for the reinstatement of a modern Glass-Steagall Act, which would wall off commercial from investment banks, new restrictions on the private equity industry, and legislative action to more closely tie bank executives' pay to their companies' performance. Backlash from the financial industry would be an added bonus for Warren's campaign, which is keen to remind primary voters of her long record of opposing deregulation and supporting stricter rules on the big banks and other corporate lenders.

This latest policy rollout is the second piece of what Warren is calling her "economic patriotism agenda." Her campaign's proposals are designed to curtail capitalist excess by increasing oversight and implementing rules to increasing corporate accountability to workers and small-time investors.

"We should impose tough new executive compensation rules for bankers that discourage needless speculation and encourage productive investments," she writes. Warren's plan would also create, in effect, a public option for consumer banking that would use the United States Postal Service as a partner "to provide access to low-cost, basic banking services like checking and savings accounts at post offices and online." Perhaps the most detailed element of Warren's latest plan deals with private equity firms, whose business model she describes as "legalized looting" that "suck(s) value out of the economy."

Elizabeth Warren's new plan targets Wall Street and private equity 'vampires' - CNNPolitics
Sounds like she is in a hurry to get off the campaign trail.
 
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Reactions: jenniel
Jun 2014
51,235
52,948
United States
This won't go over well with people who clean houses or cut grass for a living and fantasize that, any day now, they'll be taking their company public and subsequently become multi-billionaires.
 
Apr 2012
935
1,001
Too bad voters are more interested in personal bullshit than in good government.

She seems to me to be one of two candidates I could support. But I don't have much faith in the maturity of the electorate.
 
Mar 2012
59,715
41,189
New Hampshire
Too bad voters are more interested in personal bullshit than in good government.

She seems to me to be one of two candidates I could support. But I don't have much faith in the maturity of the electorate.
Well Trump did this in 2016 as well. He sucked up all the oxygen and voters who are only casually political had no idea of the policies. I imagine thats his goal for 2020, keep them freaked out about something he tweeted or said and only the politically astute will know.
 
Mar 2019
295
168
Portland, OR
Thoughts?

Elizabeth Warren pivoted her presidential campaign on Thursday to the issue that made the Massachusetts senator a hero of the progressive left long before she was first elected in 2012: Reining in Wall Street.

Warren is calling for the reinstatement of a modern Glass-Steagall Act, which would wall off commercial from investment banks, new restrictions on the private equity industry, and legislative action to more closely tie bank executives' pay to their companies' performance. Backlash from the financial industry would be an added bonus for Warren's campaign, which is keen to remind primary voters of her long record of opposing deregulation and supporting stricter rules on the big banks and other corporate lenders.

This latest policy rollout is the second piece of what Warren is calling her "economic patriotism agenda." Her campaign's proposals are designed to curtail capitalist excess by increasing oversight and implementing rules to increasing corporate accountability to workers and small-time investors.

"We should impose tough new executive compensation rules for bankers that discourage needless speculation and encourage productive investments," she writes. Warren's plan would also create, in effect, a public option for consumer banking that would use the United States Postal Service as a partner "to provide access to low-cost, basic banking services like checking and savings accounts at post offices and online." Perhaps the most detailed element of Warren's latest plan deals with private equity firms, whose business model she describes as "legalized looting" that "suck(s) value out of the economy."

Elizabeth Warren's new plan targets Wall Street and private equity 'vampires' - CNNPolitics
Her plans are a little too socialist and big government and will just make us more like Europe which is in no way a pinnacle of prosperity. Here is my plan.
1: Ensure there are basic regulations on banks, protecting workers, the environment, and protecting consumers. Improve our regulations where they are lacking.
2: Reduce the complexity of our regulations and roll then back when we have gone too far in regulating and making it hard to open a business.
3: Raise taxes on the rich to specifically pay for programs that directly benefit the workers like social security, healthcare, and affordable education.
4: Refactor the government and cut back most of the programs that don't really do much to help workers overall like welfare, military, the thousand of government programs, etc.
5: Cut taxes on workers and smaller businesses to boost consumer demand and help businesses grow.
6: Require that job ads show the pay range of jobs being posted and their benefits and maybe other regulations to make wages more visible and easier for workers to switch jobs.
7: Boost 401K requirements and maybe make some of it taxpayer funded to give workers a larger share of the economic growth from investment.
8: Educate children in finance, investment and business ownership.
9: Encourage high-demand majors over low-demand majors, and technical schools, and make education very affordable with zero interest salary deducted loans that expire.
10: Find ways to get the cost of healthcare, housing, and education down.
 
Last edited:
Apr 2012
935
1,001
Well Trump did this in 2016 as well. He sucked up all the oxygen and voters who are only casually political had no idea of the policies. I imagine thats his goal for 2020, keep them freaked out about something he tweeted or said and only the politically astute will know.
Too bad that's true. Style over substance.

I have noticed that cable news programs are heavily sponsored by big pharma. And talking heads are getting more snarky when they talk about possible changes in our healthcare.