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Saturday, September 17, 2011

New England lawyer w/ Okla. roots sights U.S. Senate

Elizabeth Warren says she “… came up the hard way, out of a hard-working middle class, in an America that created opportunities for kids like me”
Editing and re-reporting by Carolyn Bennett

She is widely credited for —   
  • original thinking
  • political courage
  • relentless persistence leading to the creation of the new consumer financial protection agency, Consumer Financial Protection Bureau
Elizabeth Warren led the establishment of the Consumer Financial Protection Bureau, building the structure and organization to hold accountable even trillion-dollar financial institutions and to protect consumers from financial tricks and traps often hidden in mortgages, credit cards and other financial products.

From the U.S. state of Massachusetts (with roots in Oklahoma City, Oklahoma), Elizabeth Warren has set sight on the Senate of the United States.

“We can change course,” Warren says in her campaign literature.  “We can rebuild but we can do this only if we work together.” 

In the 21st century, she says, “We need to be able to invent things, create, and sell things to the rest of the world.  We need to build a manufacturing base and an expanded service capacity.  We need a set of workable rules that do not tangle up those who are trying to create something new.  We did that once. We can do it again.”

Warren has set these priorities as the basis for her rebuild campaign for the U.S. Senate.

EducationInvestments in our people pay the highest dividends. Good public schools, good public universities, and good technical training [to] give us a workforce better than any in the world.  Well-trained workers are cost effective and give us a powerful competitive advantage in world markets. 

ConstructionWe can upgrade right now, create good jobs and invest in our future. Upgrade our aging roads, bridges, mass transit and water and sewage lines — basics necessary to manufacture goods and get them to market. 

Renewable energyInvesting now in 21st century energy lowers costs of production for all of our future work.  Renewable energy competes with old energies getting special breaks in Washington. 

ResearchIncreasing support for research that produces new products and new industries and creates demand for new technical jobs helps Massachusetts and helps the country.

Level playing fieldWe need rules that are written with small businesses in mind. Our self-employed and small businesses and the community banks that fund them are drowning in complicated regulations.  Long, complex rules create loopholes that the big companies can take advantage of, but they leave [small firms] out in the cold.  We need straightforward rules — such as the short and streamlined mortgage form the consumer agency is putting into law — that any small business can deal with.

Workers’ rightsWe need to make it easier for workers who want to organize to have the chance to do so.  If people want to work together for better wages, for better health care, and for better working conditions — they should have the right to do so.

Fair trade — We need to ensure also that those with whom we compete respect workers’ rights and environmental rules.  If we are going to sell our products to the rest of the world — we need to strengthen trade laws and ensure their enforcement. 

Instead of giving tax breaks to the already-rich and already-powerful, to the corporations and CEOs who have already made it, it’s time America recognized the working people and small businesses still trying to build a future.     

“We believe in a country of opportunity,” Warren says, a world in which “children will do better” than the previous generation.  Values that “made America special and strong are slipping away [and it] is time to rebuild.…

We can rebuild  —  but we can do it only if we work together.” 

Sources and notes

About Elizabeth Warren, http://www.elizabethwarren.com/elizabeth
Elizabeth Warren priorities, http://www.elizabethwarren.com/priorities

Further notes on Warren

Special Advisor for the United States Consumer Financial Protection Bureau, 1st Chairman of the Congressional Oversight Panel, Elizabeth Warren on September 14, 2011, declared her candidacy (2012) for a seat in the Senate of the United States.

On November 14, 2008, United States Senate Majority Leader Harry Reid appointed Warren to chair the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act. The Panel releases monthly oversight reports that evaluate the government bailout and related programs.

Under Warren’s leadership, the panel’s monthly reports covered foreclosure mitigation, consumer and small business lending, commercial real estate, AIG, bank stress tests, the impact of TARP on the financial markets, government guarantees, the automotive industry, and many other topics.

In statements Newsweek published in answer to a question about congressional reform of financial regulation, Warren said, “To restore some basic sanity to the financial system, we need two central changes —

Fix broken consumer-credit markets and

End guarantees for the big players that threaten our entire economic system.

If we get those two key parts right, we can still dial the rest of the regulation up and down as needed; but if we do not get those two parts right … the game is over.

Warren has been a law professor at Harvard for nearly 20 years. The Massachusetts Women’s Bar Association honored her with the Lelia J. Robinson Award. The National Law Journal named her one of the Most Influential Lawyers of the Decade. On May 27, 2011, Warren delivered the commencement address for the 2011 graduating class at the Rutgers School of Law (Newark). The law school awarded her an Honorary Doctor of Laws degree and conferred membership into the Order of the Coif, an honor society for United States law school graduates. Law students at American law schools who earn a Juris Doctor degree and graduate in the top 10 percent of their class are eligible for membership if the law school attended has a chapter of the Order.

Lawyer, law school professor and author Elizabeth Warren (b. Elizabeth Herring in 1949 in Oklahoma City, Oklahoma) studied at George Washington University and the University of Houston before taking her law degree at Rutgers School of Law (Newark, New Jersey). In 1992, she was the Robert Braucher Visiting Professor of Commercial Law and before that the William A. Schnader Professor of Commercial Law at University of Pennsylvania School of Law. She has also taught at the University of Texas School of Law, University of Houston Law Center, University of Michigan and Rutgers School of Law (Newark).

Warren has written many books and scholarly articles, including (coauthored with her daughter, Amelia Tyagi) All Your Worth: The Ultimate Lifetime Money Plan and The Two-Income Trap: Why Middle-Class Mothers and Fathers Are Going Broke

Notes from her Senate campaign website say —

Elizabeth Herring Warren learned early and first-hand about the economic pressures facing middle class families.

At age nine, she got her first job, babysitting for a family across the street from her house. 

When she was 12, her father suffered a heart attack and the store where he worked changed his job and cut his pay. Medical bills piled up.  The family lost their car. To pay the mortgage, her mother went to work answering phones at Sears.

At age 13, Elizabeth Herring started waiting tables at her Aunt Alice’s Mexican restaurant. 

At 19, she married and, after graduating college, started teaching elementary school. Her daughter, Amelia, was born when Warren was 22 years old.

Elizabeth Warren ‘came up the hard way…out of a hard-working middle class family in an America that created opportunities for kids like me.’ She has made her life’s work fighting for middle class families. 

Married 31 years, Elizabeth Warren and her husband Bruce Mann [native of Massachusetts] live in Cambridge, Massachusetts.

Website Harvard Law (http://www.law.harvard.edu/faculty/directory/index.html?id=82), Elizabeth for MA Exploratory Committee (http://elizabethforma.com/) 
Newsweek, December 7, 2009, (http://www.newsweek.com/2009/12/07/reining-in-and-reigning-over-wall-street.html) 

See also
“Democrats Lose Weiner’s Seat; Warren Announces Run for Senate,” September 16, 2011, Uprising program guest: John Nichols, political writer for The Nation Magazine, contributing writer for The Progressive and In These Times and the associate editor of the Capital Times (daily newspaper in Madison, Wisconsin), co-founder of Free Press, co-author of The Death and Life of American Journalism: The Media Revolution that Will Begin the World Again; Nichols’ article about Warren’s Bid for Senate: http://www.commondreams.org/view/2011/09/15-3
Listen to uprising program, http://uprisingradio.org/home/


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