Elizabeth Warren has just one plan
A detailed look at Warrens successes and failures at the start of the CFPB and what they tell us about how she might govern.
https://www.vox.com/policy-and-politics/2019/9/20/20867899/elizabeth-warren-cfpb-founding-plans-obama-president?fbclid=IwAR1PVvh7fuWBlSj9yNs9BjLC1SZYPml8p9B-wrS4oPS_eTMtLfTvJyAyTmo
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If Warren wins the presidency, she, like any Democrat, will face steep odds of getting an ambitious legislative agenda through Congress. The real action in any administration is executive in nature: knowing what regulatory buttons to push, which enforcers can really go for blood, who to put where, and how to manage them.
Its a job Warrens done before, when she was charged with building the Consumer Financial Protection Bureau from scratch. Its an agency she initially proposed in an article as a law professor more than a decade ago and it has a singular mandate: to stand up for everyday Americans against the financial industry and the banks.
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I spoke with 30 current and former government officials and employees, lobbyists, industry insiders, consumer advocates, and members of Warrens inner circle to understand who Warren really is, not only as a policymaker but also as an executive, a decisionmaker, and a leader. Her supporters and detractors describe her as ruthlessly committed to her ideals and ruthlessly effective at making them real. [emphasis mine]
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Warren didnt plan to wind up in politics. The system or, rather, the broken nature of it drew her in. She spent years studying bankruptcy and observed first-hand how backroom deals between industry executives and lawmakers made it easier for one financial setback to shatter peoples lives. When the financial crisis hit, the government stepped in to help the banks that had caused it instead of helping the millions of Americans who had been harmed. It didnt even bother to find out where the billions of dollars it gave to Goldman Sachs and JPMorgan were going.
In her eyes, Wall Street had failed, and the American political establishment Democrats and Republicans alike had failed with it. Shes running for the White House now because in her eyes, it is still failing.
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This is why we need her. The system IS failing. It needs to be changed. And Elizabeth is one person who is determined to change it - perhaps even in spite of itself.