Sen. Elizabeth Warren slammed President Barack Obama for favoring Wall Street, and called for Democrats to take a tougher stance against the financial industry in an interview published Sunday. Still, she maintained that her party is less on the side of Wall Street than Republicans.
Obama’s economic team “protected Wall Street,” Sen. Warren told Salon. “Not families who were losing their homes. Not people who lost their jobs. Not young people who were struggling to get an education. And it happened over and over and over.”
Asked about the Democratic Party’s same tendency, Warren defended it by arguing she and her colleagues are doing more to fight Wall Street than Republicans.
Many people no longer believe Democrats are the party of the working class, and are unhappy with their refusal to prosecute the financial sector, Salon’s Thomas Frank told Warren. “They say, Democrats talk a good game, but they’re always on the side of the elite at the end of the day. What do you say to these people?”
“We’re the only ones fighting back,” Warren responded, pointing to Senate Minority Leader Sen. Mitch McConnell’s stated plan, if he becomes majority leader in the Senate, to roll back financial reforms and get rid of the Consumer Financial Protection Bureau, which Warren played a pivotal role in creating.
“So, Democrats have not done all that they should, but at least we’re out there fighting for the right things,” she continued. “We’re fighting and I think trying to pull in the right direction. So if the question is, hold us to a higher standard, man, I’m there. You’re right.”
“We should be stronger,” she added. “We should be tougher. But understand the difference between the Democratic Party and the Republican Party right now. It’s pulling as hard and fast as it can in the opposite direction.”
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