Elizabeth Warren: intellectual fraud

Washington Examiner ^ | 10/10/11 | Michael Barone

[Nachum]

For those inclined to rhapsodize Harvard Law Professor and now Democratic Senate candidate Elizabeth Warren, it is a salutary experience—as salutary as a cold shower—to read this analysis of Warren’s major politically significant work by Atlantic blogger and brilliant student of economics Megan McArdle. Of Warren’s book The Two Income Trap, McArdle writes ” the deeper problem is that some of her evidence doesn't really support her thesis, and can be made to appear to support her thesis only by making some very weird choices about what metrics to use.” McArdle eviscerates Warren’s

[Henry Hnyellar]

It doesn’t take a genius to see how the middle class has been hurt financially and in quality of life. What are Warren’s ideas for changing things? These will determine if she is a lefty or not.

[Ladysforest]

“And what about this: “The people on Wall Street broke this country, and they did it one lousy mortgage at a time. It happened more than three years ago, and there has been no real accountability, and there has been no real effort to fix it.”

Well, Wall St didn’t force these broke people to buy houses that they could not afford.

I watched soooooo many ‘first time home-buyers” TV shows where the would be buyer detailed the crazy mortgages that they “qualified” for. Train wrecks. Interest only, 80/20, 0% down, seller pays closing, on and on. Then they were all like, “Well, I guess I’ll have to cut back on dining out and shoe shopping to afford this, but I guess I’ll give it a try.”

My first home the mortgage was the same as the rent I had been accustomed to paying. I had a down payment. I paid my own closing. I never lost my home, nor even had trouble making payments.

No, Barney Frank (Fannie and Freddie) and the buyers were responsible - not Wall St.

[ballplayer]

If she is elected do we Call her Senator or Mommy?

[cuban leaf]

—Wall street broke nothing. It was the Federal government the created the fiasco that loosened the lending laws that truly destroyed our economy. —

You are correct. My bad. I was focusing on the word “mortage” and mentally thinking of the Youtube videos of Barney Frank saying Freddie and Fannie are just fine five or six years ago and forgetting to notice that she was putting the blame on Wall street. Tha’s just goofy.

I firmly believe it was the government that caused this mess, with the help of some too big to fail accomplices.

[Paul Ross]

but I find it interesting that she thinks one of the problems with our economy is high taxes killing the middle class. That doesn’t sound like a communist/lefty.

And she sees nothing wrong with higher taxes on corporations and wealthier individuals who are the ONLY ones who hire and pay enough to make someone a part of the middle class in the first place...

And for the piece d' le resistance where is she on Obama...whose communism is beyond inbread from his grandparents, parents (both fathers) and his big brother "Frank"... so that he taught marxism and Saul-Alinsky in a class where he was supposed to be teaching constitutionalism.

[cuban leaf]

I’ve been exposed to many of her theories and teaching for quite a few years. I’ve focused more on her bringing the “core” issues to the surface as opposed to her solutions.

But that is due to my own blinders. To wit: I do not see a human solution out of our current predicament, so I’m not looking for one. I’m looking to see the antichrist come up with a solution - and that is when I REALLY want to run for the hills. We are witnessing the createst cultural/political collapse in recorded history and it is in maybe the third inning.

[Nachum]

I’m jumping into a political hornet’s nest, I know, but I have to ask, if Sarah Palin had said this, would you say “right on!”?

It's really not politics, but economics 101. If Sarah Palin had said that, I would have been very disappointed.

“America’s middle class has been hammered, squeezed and chipped at for a generation now, and it can’t take it much longer,”

True enough. But she has not truly been an advocate for families, but an agitator and an instigator that has supported the very destruction of it.

When we hit a financial crisis I went to Washington to try to work on the bank bailout and bring some transparency and accountability to it,” .

Which is an admission on her part that she supported TARP and a continuation of the stupidity of Dodd/Frank, the Equal Opportunity Lending Laws and the very means that forced the banking industry to make bad loans to people who could never pay them back, inflate housing prices, and enabled folks to live way beyond their means. She is one of the true trouble makers that has helped to destabilize our currency and brought us to the brink of economic collapse.

An auditor for the fed sat in front of a banking committee during the TARP hearings and told a congressman she had no idea where a trillion dollars went.

THAT is what is wrong with what she said.

[Yankee]

Take it off. $12

Leave it on. $100

Go away and never darken our door again. Priceless

[cuban leaf]

You bring up all the reasons I chose to rent the last six years. And was able to give a landlord 30 days notice and move halfway across the country at the drop of a hat. ;-p

Five years ago, I never met anyone who had lost their home to foreclosure. Now I know, literally, dozens of people who have either stopped paying and just squat in their home, or walked away. I wonder if they called the Great Depression the “Great Depression” when it was happening? I’m thinking that as the “Great War” was changed to “WWI” when WWII came along, if maybe the Great Depression may be renamed to “World Depression I”.

And as with the war analogy, the second one was much worse and more all-encompassing.

[Nachum]

You are correct. My bad. I was focusing on the word “mortage” and mentally thinking of the Youtube videos of Barney Frank saying Freddie and Fannie are just fine five or six years ago and forgetting to notice that she was putting the blame on Wall street. Tha’s just goofy.

Exactly. Don't be fooled by her communist populist BS. She is the economic enemy of free enterprise. Freedom from government tyranny is the only way out of our mess.

I firmly believe it was the government that caused this mess, with the help of some too big to fail accomplices.

Indeed it was and is. And- the medicine we will all have to eventually swallow because of these idealogues will taste very very bad.

[cuban leaf]

When she said, “bring some transparency and accountability to it,” I just assumed she meant “expose that the bailout was a bad idea that could be seen for what it was if there had been some accountability and transparency brought to it.

She may have meant something different. As with most politicians, a lot of what she said can be taken to mean whatever the hearer wants it to mean. Actually, she seems to be pretty good at it. I liked her economic lectures. The political stuff, not so much.

[TruthConquers]

“The people on Wall Street broke this country, and they did it one lousy mortgage at a time.
**************
That, my FRiend is communist propaganda. Wall street broke nothing.
**************

What IS breaking this country is the MBS, the REMIC, CDS swaps and the interest rate swaps. Toxic, broken frauds that HAVE killed the banking industry, but our and the european politicians keep trying to save.

You know, the left is just lying in wait for this system to collapse, and the right is just sitting there and trying to pretend these problems away. IF the right doesn’t acknowledge these problems, THEY are opening up the door to the left SUCESSFULLY getting away with blaming capitalism, when it is really socialism, that is failing.

Who do you want to help? Saying nothing is wrong is just playing into the hands of the left.

Here is a link to Warrens youtube on the Coming Collapse of the Middle Class.
I have not watched it myself.
http://www.youtube.com/watch?v=akVL7QY0S8A&feature=related

[JPG]

She is tight with and thinks that Van Jones is a great guy with super-duper ideas on how to run the country. That, in and of itself, is enough to label her a Marxist kook and to work hard to keep her away from any levers of power.

[Nachum]

When she said, “bring some transparency and accountability to it,” I just assumed she meant “expose that the bailout was a bad idea that could be seen for what it was if there had been some accountability and transparency brought to it.

Transparency and accountability for the left means, they control the reigns of government and the complete lack of either. After over 3 years of zero accountability and zero transparency for the left through the Obama administration would that not be evidence enough that she is liar and a fraud?

[TruthConquers]

Well, Wall St didn’t force these broke people to buy houses that they could not afford.
****************

And nobody MADE Wall Street to make toxic MBS and CDS’s that ARE killing the banking system. And the tax evasion MERS that has messed up titles to homes all across this country.

Why do you suppose Europe banking is slowly being NATIONALIZED now? Our mortgages are doing that, really?

Wake up Freepers, things aren’t so simple anymore.

[outpostinmass2]

First off when she says “we built the roads and paid for the military” that includes the factory owner but not her employer Harvard University. No -one argues that we shouldn't be paying for roads and the military. It is everything else that government is involved with that wastes taxpayer money.

[outpostinmass2]

First off when she says “we built the roads and paid for the military” that includes the factory owner but not her employer Harvard University. No -one argues that we shouldn't be paying for roads and the military. It is everything else that government is involved with that wastes taxpayer money.

[Paul Ross]

What’s wrong with that quote?

Harvard law professor and former Obama administration regulator Elizabeth Warren is not serious about transparency in anything. Communists always conceal their misdeeds and agendas from the public and the useful idiots. And you know who the 'useful idiots' that Stalin was deriding? College students.

And the Occupy Wall Street crowd ...and Warren fit the bill as an Obama affilitated manipulator.

Ask her about enforcing private property via the constitution...and then you will find out exactly where she really is on "looking out for the Middle Class".

[cuban leaf]

—and the right is just sitting there and trying to pretend these problems away—

Actually, the right (at least in my case) is taking action where it will matter: precious metals, seeds, farm land, gold silver and, most importantly, bullets and implements with which to use them to protect the previously mentioned items.

I constantly implore my conservative friends to not waste their time as Dagney Taggart did. It will go no better for them than it did for her, and probably much worse - no “happy ending”. Our current situation (worldwide) has no human or political solution. My most powerful weapon is Prayer.

And as a visiting pastor said at my old church back in the mid-1980’s: “Where would the early church have been if they had put their faith in Rome.”

Countries come and go, and this one had an exceptional run, but eventually human nature destroys what it touches as it always does.

[cuban leaf]

—She is tight with and thinks that Van Jones is a great guy with super-duper ideas on how to run the country. That, in and of itself, is enough to label her a Marxist kook and to work hard to keep her away from any levers of power.—

If that is true about he position on Van Jones, then I absolutely agree with your assessment.