Editors at the Washington Examiner tell us what they really think about U.S. Sen. Elizabeth Warren‘s presidential bid.
Although she says the problem starts in Washington, with a “bought and paid for” government, she inexplicably wants to give the government more power.
Big government is a home game for big business. Who can better pocket the subsidies, game the rules, afford the regulations, shape the policies, and buy and pay for the politicians? Warren knows firsthand how big government serves the big and well-connected.
Warren touts her favored regulations by pointing out how much big business loves them. “Industry leading firms including Vanguard, TIAA, and Transamerica expressed their support for the rule,” Warren’s office bragged of her proposal to force stock brokers to adopt the business model these giants use. She actually held up the support of BlackRock and Capital One to demonstrate the virtue of her favored rule. …
… Subsidy suckling big businesses aren’t the only elite beneficiaries of Warren’s big-government plans. On Monday, she mentioned student debt relief. That’s a subsidy for the elites, as the working class isn’t primarily going to college and data show that tuition subsidies don’t really lead to more working-class graduations from college.
Warren is not alone in portraying her politics-for-elites as populism. Everyone from former Democratic presidential candidate Hillary Clinton to Sen. Sherrod Brown, D-Ohio, have played a similar game. That may be what sinks Warren: She’s old hat, now, in a party filled with younger, more interesting characters.
