Tags: Barack Obama | Elizabeth Warren | cromnibus

WH: Obama, Warren Still Pals After Her 'Liberal Insurrection'

By    |   Monday, 15 Dec 2014 09:17 AM

Massachusetts Sen. Elizabeth Warren led a “liberal insurrection” to stymie the $1.1 trillion government spending bill, the most recent example of her unwavering commitment to her convictions, according to The Hill.

Warren has been described as both a progressive and a populist and her stature within the most liberal wing of the Democrat Party has been steadily rising since President Barack Obama selected her in 2008 to be a special assistant and a special adviser to the treasury secretary for the Consumer Financial Protection Bureau.

She has been a senator since 2013 during which time she has been an outspoken advocate of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which became law in 2010. She mainly opposed the most recent spending bill over changes to banking regulations.

"Republicans slipped in a provision at the last minute that would let derivatives traders on Wall Street gamble with taxpayer money and then get bailed out by the government when their risky bets threaten to blow up our financial system," she told NPR's Steve Inskeep.

Despite her access and favor within the White House, Warren has remained true to her roots, calling out the president and anyone else she believes is straying from Democrat principles.

The Washington Post reports that she is in a public battle with the White House to block the nomination of investment banker Antonio Weiss, head of global investment banking firm Lazard, for a key Treasury position.

“Enough is enough with Wall Street insiders getting key position after key position and the kind of cronyism we have seen in the executive branch,” she said Friday, according to The Washington Post.

She’s rallied the support of enough Democrats to oppose Weiss’ nomination that in order to be confirmed the White House would need Republican support, according to The Hill.

And she’s “denounced Obama’s efforts to secure trade agreements with the European Union and a group of Asian and Pacific countries,” The Hill continues.

Yet White House Press Secretary Josh Earnest insists President Obama’s relationship with Warren remains “healthy.”

They “have the same kinds of goals and priorities,” Earnest said.

Further proof of Warren’s rising star came in the form of a letter posted last week on the website ReadyforWarren.com. Some 300 former Obama campaign workers, in addition to Organizing for America, Organizing for Action, Democratic National Committee delegates, and GOTV employees, urged Warren to seek the White House in 2016.

“Rising income inequality is the challenge of our times, and we want someone who will stand up for working families and take on the Wall Street banks and special interests that took down our economy,” the group wrote.

Warren told NPR she has no plans to back down from the issues she has championed during her career.
 
“Look, these are issues I've worked on for most of my career,” she explained. “I am glad to be in leadership, I am grateful to have a place at the table, but my priorities haven't changed. I'm gonna stand up and fight for what I believe in.”

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
Politics
Massachusetts Sen. Elizabeth Warren led a “liberal insurrection” to stymie the $1.1 trillion government spending bill, the most recent example of her unwavering commitment to her convictions, according to The Hill.
Elizabeth Warren, cromnibus
509
2014-17-15
Monday, 15 Dec 2014 09:17 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved