Last updated on September 25th, 2023 at 08:42 pm
Sen. Elizabeth Warren (D-MA) is the leading the fight that Democrats are currently winning against the pro-Wall Street government funding bill.
According to The Hill, House and Senate liberals are aligning with Warren as she leads the fight against the government funding bill.
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On the Senate floor, Sen. Warren urged conservatives to join with her in opposing the roll back of financial protections in the government funding bill.
Warren said,
I’m here today to ask my Republican colleagues – who don’t want to see another Wall Street bailout – to join our efforts to strip this Wall Street giveaway from the bill.
This is not about partisanship. This is about fairness. This is about accountability and responsibility. This is about preventing another financial collapse that could again wipe out millions of jobs and take down our whole economy.
If big Wall Street banks want to gamble with their own money, so be it. Let them take their risks – with their own money – and let them live with the consequences of those risks. That’s how markets are supposed to work. But they shouldn’t get to gamble with government money, and they shouldn’t get to run to the government if the deal goes sour.
Opposition to government bailouts of Wall Street is not a liberal or a conservative issue.
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If you believe in smaller government, how can you support a provision that would expand a government insurance program and put taxpayers on the hook for the riskiest private activities? If you thought the Ex-Im bank exposed taxpayers to risk – even though it has never cost taxpayers a dime – how can you support repealing a provision to prevent another calamity like the one that cost taxpayers billions just six years ago?
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To Republican leaders in the House, I would ask this. You say you’re against bailouts to Wall Street. I’ve heard you say that again and again for five years. So why in the world are you spending your time and energy fighting for a provision, written by Citigroup lobbyists, that would increase the chance of future bailouts? Why, in the last minute as you head out the door and a spending bill must be passed, are you making it a priority to do Wall Street’s bidding? Who do you work for-Wall Street or the American people?
The liberals in the House are winning this fight because they are sticking to their principles. It is Sen. Elizabeth Warren who is leading the charge and upholding the values that supporters believe they are voting for when they elect Democrats.
Sen. Warren is showing that she is a growing force in Congress. Frankly, John Boehner doesn’t stand a chance against the combination of Warren and Nancy Pelosi. The White House gave what could be deemed the most tepid statement of support for the government funding bill ever.
The White House has given congressional Democrats lots of room to oppose the bill. Sen. Warren has taken that space and mounted a full-scale campaign against the gift for Wall Street in the government funding bill.
Sen. Elizabeth Warren is a figure on the rise. She along with Bernie Sanders and Rep. Pelosi have been leading the charge against this bill. House Republicans are reeling, and are being buzz sawed by the liberal voices who won’t be blackmailed into supporting this bill.
Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
