Senator Elizabeth Warren once appeared on Full Frontal with Samantha Bee, TBS’s unwatchable Daily Show spinoff. This pairing had potential — for the first time, Bee had a chance to appear funny in comparison with her guest. “I am exhausted. I am personally broken,” said Bee, referring to the political scene. “People come up to me all the time and they’re like, ‘What do I do? What do I do? Help me!’ So my question to you is: What should I tell them?”
Gesturing wildly and with an edge to her voice, Senator Warren had marching orders ready: “You get in the fight, and then you fight as hard as you can,” she responded.
“But what does that mean?” asked Bee.
“Oh, come on! You know what it means! It means when you’re told to be quiet, you don’t sit down and be quiet,” replied Warren. “You stand back up.”
.. Warren may wish for capitalism’s demise, but as long as it’s here, she plans to do as well as she can out of it.
.. Elizabeth Warren is becoming a brand. “She’s the Apple of politics,” said Adam Green
.. Warren “has tried out for many roles:
- writer of silly self-help books (back when she was advertising herself as ‘Dr. Phil’s financial guru’),
- academic, Naderite populist,” and more. It is now her turn to play a more familiar role:
- “First Lady of the Left.”
.. Merge the
- “man of the people” cult of Bernie Sanders with the
- “You go, girl!” cult of Hillary Clinton into one movement,
embodied in the very person of Elizabeth Warren, and you could have something unstoppable in 2020. This is the master plan.
Warren will be
- the anti-Trump champion,
- the feminist champion,
- the working-class champion,
- the young people’s champion,
- the media sensation,
- the pop-culture star,
- and — don’t you dare forget — the (totally authentic)
- racial minorities’ champion all in one.
.. Elizabeth Warren cannot deliver the goods. The senior senator from Massachusetts is awkward and halting, even enervating in her relentless hectoring. Her false enthusiasm — the country, she insisted to Samantha Bee, will come out of the Trump years even better than it was before because “we don’t have any other choice”
.. Elizabeth Warren is the kind of politician that only a true believer could love.
The End of the Left and the Right as We Knew Them
Trump accelerated a realignment in the electorate around racism, across several different measures of racial animus — and that it helped him win. By contrast, we found little evidence to suggest individual economic distress benefited Trump. The American political system is sorting so that racial progressivism and economic progressivism are aligned in the Democratic Party and racial conservatism and economic conservatism are aligned in the Republican Party.
.. In the French parliamentary elections this month, the ruling Socialist Party saw its 280 seats dwindle to 29 out of 577. In the Netherlands, the number of seats held in parliament by the Dutch Labor Party fell from 38 to 9 after the March election.
.. The Financial Times has documented a steady decline in class-based voting in Britain. In 1987, the British middle class voted for the Conservative Party by 40 points more than the national average, while the working class voted for the Labor Party by 32 points more than the national average — a 72-point spread. By 2017, the spread had dropped to 15 points. Once a Tory stronghold, the British middle class now splits its vote evenly.
.. education emerged as the strongest predictor of votes for a right populist option, where the less educated chose it more often than those with degrees.
.. Austria to this list. The presidential election there in May of 2016 pitted Van der Bellen, the center-left candidate, against the hard-right populist Norbert Hofer. Polls showed that Van der Bellen won decisively among the well educated and the better paid, while Hofer won workers and the less well educated in a landslide. The election in the Netherlands was also emblematic
.. Macron’s genius has been to argue that he can thread the political needle, by embracing globalization and reinforcing social protections to compensate those exposed to its downside. In the process, he has obliterated traditional parties of the left and the right, while promising a synthesis tailor made for the twenty-first century. If he can bring it off, he will become a model for other leaders to follow — including in the United States.
.. among all voters, Clinton won 52-42 among the college-educated while Trump carried those without degrees 51-44.
.. A candidate making that appeal, however, and seeking to build a broad majority biracial coalition, must in fact have broad biracial appeal. As of now, Sanders is far from personifying broad majority biracial appeal. Worse, existing Democratic candidate recruitment and nomination processes have paid insufficient attention to the selection of candidates who are competent to build bridges across America’s immense cultural gaps.
.. there is a “growing tension” between the Democratic Party’s “ascendant militant wing and Democrats competing in conservative-leaning terrain.”
.. The “ascendant militant wing” — a colorful, if controversial, description of the Sanders-Warren wing of the party — has the moral high ground within Democratic ranks but the votes they want the party to seek are those of some of the least reachable constituencies — white men and women whose views on immigration, race and political correctness are in direct conflict with liberal idealism. It would be an extraordinary challenge to get these particular voters to join with minorities and progressive activists.
.. Liberals must take seriously Americans’ yearning for social cohesion. To promote both mass immigration and greater economic redistribution, they must convince more native-born white Americans that immigrants will not weaken the bonds of national identity.
In practical terms, Beinart writes, “it means celebrating America’s diversity less, and its unity more.”
.. The hard part
is backing tough immigration enforcement so that path to citizenship doesn’t become a magnet that entices more immigrants to enter the U.S. illegally.
.. Exposure to difference, talking about difference, and applauding difference — the hallmarks of liberal democracy — are the surest ways to aggravate those who are innately intolerant, and to guarantee the increased expression of their predispositions in manifestly intolerant attitudes and behaviors. Paradoxically, then, it would seem that we can best limit intolerance of difference by parading, talking about, and applauding our sameness.
.. Americans, Beinart contends,
know that liberals celebrate diversity. They’re less sure that liberals celebrate unity. And Obama’s ability to effectively do the latter probably contributed to the fact that he — a black man with a Muslim-sounding name — twice won a higher percentage of the white vote than did Hillary Clinton.
What we are seeing now is the replacement of class-based politics, a trend apparent in the United States and Europe. This gives us a more racialized and xenophobic politics, on one hand, and a politics capitalizing on increasing levels of education and open-mindedness in the electorate on the other.
Steven Mnuchin Says Breaking Up Commercial Banks and Investment Banks Would Be A Huge Mistake
This was the first time that a Trump administration official has said that in its view a 21st century Glass-Steagall would not require the separation of commercial banks and investment banks.
.. The hearing quickly became heated, with Warren become increasingly annoyed with Mnuchin’s answers.
“There are aspects of Glass-Steagall that you support but not breaking up the banks and separating commercial banking from investment banking? What do you think Glass-Steagall was if that’s not right at the heart of it?” Warren asked.
“I’m well aware of what Glass-Steagall was,” Mnuchin said.
“This is like something straight out of George Orwell,” Warren said.
Mnuchin argued that the purpose of Glass-Steagall was to avoid conflicts of interests that can arise when banks act as brokers and securities dealers as well as lenders and deposit takers.
.. “This is just bizarre, the idea that you could say we are in favor of Glass-Steagall but not breaking up the banks,” a clearly frustrated Warren said.
.. Dealbreaker, widely-read by Wall Street’s younger set, described Mnuchin’s answers as having “the cosmic incomprehensibility of a Buddhist koan.”
Trump’s Economic Cabinet Is Mostly Bare. This Man Fills the Void.
During that sit-down, on Nov. 29, Mr. Cohn briefed Mr. Trump on what he regarded as the chief hurdle to expanding the economy, according to people who were briefed on the discussion: a stronger dollar, which would undermine efforts to create jobs.
.. They have also generated outrage in some quarters. “The way I see this, there was a devastating financial crisis just over eight years ago,” Senator Elizabeth Warren, Democrat of Massachusetts, said. “Goldman Sachs was at the heart of that crisis. The idea that the president is now going to turn over the country’s economic policy to a senior Goldman executive turns my stomach.”
.. Along with Mr. Kushner and his wife, Ivanka Trump, Mr. Cohn recently helped persuade the president not to pursue an executive order that would have rolled back rights for gay, lesbian, bisexual and transgender people.
.. Still, Mr. Cohn’s 26-year career at Goldman, where he performed an array of jobs, including trading commodities, running mortgages and eventually overseeing day-to-day operations, ended with a remarkable windfall: cash and stock valued at $285 million.