Tags: elizabeth warren | book | bill clinton | michael bloomberg

Warren Criticizes Bill Clinton and Michael Bloomberg in New Book

Image: Warren Criticizes Bill Clinton and Michael Bloomberg in New Book
Sen. Elizabeth Warren (AP Images)

By    |   Monday, 17 Apr 2017 12:24 PM

Sen. Elizabeth Warren, D-Mass., is critical of Bill Clinton and Michael Bloomberg in her new book set for release on Tuesday, the Washington Examiner reports.

Excerpts of her book, "This Fight Is Our Fight: The Battle to Save America's Middle Class," were provided to the Examiner from the conservative research group, America Rising.

In the book Warren notes then-President Clinton had signed legislation that repealed Glass-Steagall, a Depression-era bank regulation that kept commercial and investment banks separated.

Warren argues this move paved the way to the 2007 financial crisis.

"In the same way that some Republicans had signed on for greater regulations in earlier decades, some Democrats now got on the deregulation bandwagon big-time," Warren writes, according to the Examiner. "As he signed the repeal of Glass-Steagall, President Bill Clinton, cracked a few jokes, then praised the move for 'making a fundamental and historic change in the way we operate our financial institutions.'"

In an interview with the Boston Globe, Warren insists that she wanted to focus her attention in the book on how the government has stopped working for all, but the wealthiest Americans and corporations.

"I think it's time to look forward," Warren says.

But she also had some words about Bloomberg, the former New York city mayor, the Examiner notes.

"In the spring of 2016, billionaire Michael Bloomberg climbed up to the podium at the University of Michigan to deliver the commencement address to tens of thousands of cheering students and families . . . Resplendent in flowing black robes trimmed in black velvet and gold braid, Bloomberg took the opportunity to denounce those who 'fan the flames of partisanship,' and he accused both Republicans and Democrats of demagoguery," Warren writes in the book, according to the Examiner.

"He scolded Republicans for blaming our problems on 'Mexicans who are here illegally and Muslims' and Democrats for blaming our problems on 'the wealthy and Wall Street.'"

She takes exception to Bloomberg for appearing to suggest illegal immigrants and rich and powerbrokers of Wall on Wall Street "are roughly equivalent," the Examiner reports.

"That might all be true in Michael Bloomberg's Alternative Billionaire World — but not so much here on planet Earth," she says, according to the website.

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Sen. Elizabeth Warren, D-Mass., is critical of Bill Clinton and Michael Bloomberg in her new book set for release on Tuesday, the Washington Examiner reports.
elizabeth warren, book, bill clinton, michael bloomberg
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2017-24-17
Monday, 17 Apr 2017 12:24 PM
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