May 21, 2014

Warren Blames Reagan

For destroying the middle class.

Sen. Elizabeth Warren blamed an iconic Republican president for today’s middle class woes. “I grew up in an America that was investing in kids,” she told Comedy Central’s Steven Colbert. “It was investing in public universities. It had a higher minimum wage. It was an America that said every kid would get a fighting chance. And that’s how we built America’s great middle class. Then starting in about the 1980s, we turned in a different direction.” When asked if she was referring to Ronald Reagan, Warren responded, “Yes, that is the right time, when this happened.” She added that Reagan “would fire the cops … on Wall Street.” As a result, “the regulators [would] look the other way while the biggest financial institutions did every trick and every trap possible in credit cards, in mortgages, in checking account rules. And they made billions of dollars doing it.” Consequently, “what ultimately happened by 2008 was that they broke the economy.” Warren will never admit it, but the economic collapse was not brought about by too little government but too much. More…

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