Why Elizabeth Warren left the GOP

Elizabeth Warren - will she change her mind?

It’s weird, how many prominent progressives are ex-Republicans:

Sen. Elizabeth Warren (D-MA) told George Stephanopoulos Sunday that she left the Republican Party in the mid-90s because it was tilting the playing field in favor of Wall Street.

Warren has quickly become a populist hero to liberals. Stephanopoulos, host of ABC’s The Week, noted something in her background that “might surprise” her supporters: the fact that she has voted Republican in the past, and was a registered Republican in Pennsylvania from 1991 to 1996. Warren said she left the party after that because she felt it was siding more and more with Wall Street:

I was an independent. I was with the GOP for a while because I really thought that it was a party that was principled in its conservative approach to economics and to markets. And I feel like the GOP party just left that. They moved to a party that said, “No, it’s not about a level playing field. It’s now about a field that’s gotten tilted.” And they really stood up for the big financial institutions when the big financial institutions are just hammering middle class American families. I just feel like that’s a party that moved way, way away.

…“Starting in the 80s, the cops were taken off the beat in financial services,” Warren explained. “These guys were allowed to just paint a bullseye on the backs of american families. They loaded up on risk, the crashed the economy, they got bailed out. And what bothers me now is they still strut around Washington, they block regulations that they don’t want, they roll over agencies whenever they can, and they break the law. And they still don’t end up being held accountable for it and going to jail.”

Warren also dinged the Obama White House, saying, “I make no secret of my differences with the administration in how they’ve treated the large financial institutions.” But she noted the Consumer Financial Protection bureau (CFPB) — which was largely Warren’s brainchild — would not exist without Obama’s support. The agency has already begun cracking down on payday lenders and debt collectors, while cataloging and reporting on mortgage service abuses.

One thought on “Why Elizabeth Warren left the GOP

  1. Bernie Sanders has always been a socialist. No conversion or rethinking necessary on Bernie’s part. Now that Mary Landrieu has been voted out of office, Democratic Senator Bob Casey of Pennsylvania becomes the Bluest of Dogs in the Senate. A Republican by any Democrats standards. Maybe that’s why Casey has taken on the persona of Joe Lieberman?

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