Rebranding the Democrats: Ditch Obama and get behind Elizabeth Warren.

Late last week Times Picayune pundit Stephanie Grace wrote a column on the call to rebrand the Louisiana democrats who are now on life support giving a local flavor to trend toward the southern states once again chipping in solely with one political party.  I thought of it when I saw the name Elizabeth Warren pop up in the news cycle in the aftermath of President Obama’s online conversation at LinkedIn yesterday.

Anyone that has paid attention to the oversight accorded to George Bush’s last major official act in the financial bailout known as TARP well knows the name Elizabeth Warren.  She was born a southern girl to a middle class family in Oklahoma before making good, landing more recently as the chairwoman of the Congressional Oversight Committee for the bailout.  She simply took no prisoners and tackled her job in a nonpartisan way that made her a folks hero of sorts to the ordinary people who paid attention to her work. Following is an exchange with Treasury Secretary Tim Geithner that illustrates that point:

http://www.youtube.com/watch?v=pz7ruJw6byQ

I say this because Ms Warren was the logical choice to head the new consumer protection bureau at the Department of Treasury but President Obama was sold out before he arrived in the oval office so that job went to someone else.  I’ve often joked the voters are electing republicans to Congress to send President Obama some much-needed help because he acts mostly like a republican and to a certain extent it is true. Obama had the Bush-era tax cuts expire on his watch and he renewed them almost as a matter of routine before he began to clamor to raise tax rates on the wealthy.  To me it comes across as the height of duplicity. Continue reading “Rebranding the Democrats: Ditch Obama and get behind Elizabeth Warren.”

SLABBED Daily – April 6 (blow-out sequel to bail-out)

Congressional Oversight Panel to Call for Wiping Out Shareholders, Ouster of Top Brass at TARP Recipients from naked capitalism is a Monday morning wake-up call:

This is going to get interesting. The head of the Congressional Oversight Panel, Elizabeth Warren, is expected to issue a report this week calling on the Treasury to get much tougher with the big recipients of TARP funds. And if the report in the Guardian is right, the recommendations have been softened a tad so as not to be too hard on Treasury Secretary Timothy Geithner.

Elizabeth Warren, chief watchdog of America’s $700bn (£472bn) bank bailout plan, will this week call for the removal of top executives from Citigroup, AIG and other institutions that have received government funds in a damning report that will question the administration’s approach to saving the financial system from collapse. Continue reading “SLABBED Daily – April 6 (blow-out sequel to bail-out)”