A very mild controversy over Elizabeth Warren criticizing Barack Obama for accepting speaking fees from Cantor Fitzgerald, a Wall Street investment bank.
Interview with Sirius XM’s “Alter Family Politics” is below:
Senator Warren, what do you think about President Obama accepting the $400,000 from Wall Street?
Well, I was, troubled, by that. One of the things I talk about in the book is the influence of money
A bit of an awkward moment when Elizabeth Warren publicly says she was “troubled” by Barack Obama’s speaking fees from an investment bank.
One of the things I talk about in the book is the influence of money. I described it as, a you know, a snake that slithers through Washington.
Um, and that it shows up in so many different ways here in Washington.
You know, people understand that the money that goes into campaign contributions and I when I say I understand I don’t mean that they think it’s OK but at least people see it. Um, the money that goes into hiring lobbyists but it’s also the money that goes into bought and paid for experts. The money that goes into think tanks that have these shadowy funders. And the think tanks always come up with the things that the shadowy funders want them to come up with.
Uh, even advertising. I talk about the studies that show that when an industry takes out ads it changes news coverage. I even talk about the US Supreme Court and how much more pro-corporate it is becoming because of money that’s being spent in Washington.
So, you know, I, the influence of dollars on this place is what’s scares me.
I think it ultimately threatens democracy and one of the reasons I feel so urgent when I wrote this book is we have to think about what the tools are to fight back against it and then we go out and raise money as best we can but money vs money war, believe me, the rich will always win that way.
What I’m pushing for and and what I keep talking about in this book is the rich and powerful they got money and they got power, that’s the definition. But, you know, there’s more of us then there are of them and we get to use our voices and our votes and fight back.
I LOVE this move. This sends a firm message to both Democratic Party members as well as potential voters: Put your money where your mouth is. Don’t accept money from Wall Street. Stand up to the corporate interests.
Elizabeth Warren has a spine of steel and she is the best person in 2020 to run against failed Trumponomics and be a true Progressive Populist.