Senator Elizabeth Warren (D-MA) is a real tour de force. She sums up Reagan’s maxim about liberals – she knows so much is just not true. She was the driving force behind the creation of the unconstitutional and scandal-plagued Consumer Financial Protection Bureau (CFPB) and was a Democratic pillar on the Senate Banking Committee. She loves to comment on economic issues, even though her economic knowledge is about 1/1064th the economic knowledge of a pinecone.
Now she will be the ranking member on the Senate Banking Committee, and worse, she is bringing with her a Biden administration lackey to work as the Democrats’ staff director. A hagiography at Axios presents details, but there is one a lot more to it than Axios presents.
Sen. Elizabeth Warren (D-Mass.) is nominating Jon Donenberg, a deputy on President Biden’s National Economic Council, as Democratic staff director on the Senate Banking Committee.
Why it matters: Corporate America — not to mention the banking industry — is preparing for Warren in her recent role as the committee’s ranking member.
By “get ready” they mean “brace yourself for pressure from a left-wing lunatic who knows nothing about banks, markets, or economics.” Here are the points Axios makes; Let’s go through them one by one, shall we?
- Warren wants to take advantage of their recent position to support define her party’s response to Americans’ deep concerns about the economy and inflation.
The biggest concern for Americans is that Democrats have brought this person close to government-imposed banking practices. Everything she supports and every policy position she takes are the very causes of the stagnant economy and rampant inflation that worries the American people.
It is indeed fortunate for the American people that Warren’s “carrot and stick,” more aptly described as “The beatings will continue until the economy recovers,” has no chance of bearing fruit – not as long as the Republicans Donald Trump sits at the Resolute Desk and enjoys wielding his veto pen.
- It’s another signal that Warren will utilize her high-profile position to advocate for direct subsidies to consumers and root out corporate America when she believes they are ripping off consumers.
“Direct subsidies,” of course, means “spending like the world is going to end tomorrow because we have checks left so we can’t go broke.” Warren’s tendencies in this regard are not even close to economic reality.
The best thing the United States Senate could do for the economy would be to leave it alone. But interference seems to be a required character trait in politicians, and Liz Warren takes it to a whole recent level.
See related: Wildfire Act: Blue ‘donation’ scandal explodes, implicating Elizabeth Warren while Obama brothers freak out
Elizabeth Warren is on the warpath against Pete Hegseth, but will soon learn that elections have consequences
Finally, here it is Axios’ assessment of Donenberg:
Enlarge: At the White House, Donenberg played a key role in Biden’s plan to build the country’s industrial base – and strengthen the middle class – to boost America’s standing in the world.
Do I need to remind you how that worked out? The economic catastrophe wrought by the Biden/Harris administration is a large reason Donald Trump will return to the Oval Office in a week. The only good thing about it is that it’s another arrow in Republican senators’ campaign quiver in the midterm elections.
