During her appearance at the AFL-CIO’s Raise the Wages summit on Wednesday, Senator Warren said:
“Pretty much the whole Republican Party – and, if we’re going to be honest, too many Democrats – talked about the evils of ‘big government’ and called for deregulation,” Warren continued. “It sounded good, but it was really about tying the hands of regulators and turning loose big banks and giant international corporations to do whatever they wanted to do—turning them loose to rig the markets and reduce competition, to outsource more jobs, to load up on more risks and hide behind taxpayer guarantees, to sell more mortgages and credit cards that cheated people. In short, to do whatever juiced short term profits even if it came at the expense of working families.”
But in the end, this whole approach failed, Warren said.
“The trickle-down experiment that began in the Reagan years failed America’s middle class,” Warren said. “Sure, the rich are doing great. Giant corporations are doing great. Lobbyists are doing great. But we need an economy where everyone else who works hard gets a shot at doing great!”
Carper is a supply side/deficit hawk/austerity motherfucker after Grover Norquists own heart. I think we can all agree that when Warren says that too many Democrats have fallen for the GOP’s 1%er oriented economic solutions, she is talking about Tom Carper.