Elizabeth Warren Exposes the Truth
If you’d never heard of Elizabeth Warren these headlines would make you think she’s a pretty scary person:
So what did the Massachusetts senator do to prompt this hysteria? Throw shade on the Senate floor? Haze her interns?
Nope. She did what our elected officials are supposed to do: hold the powerful accountable.
Last week Warren called out an allegedly independent Brookings Institution economist for writing an allegedly unbiased study that challenged a plan to boost basic protections for investors. Turns out investor giant the Capital Group paid Robert Litan $85,000 to write the industry-friendly report for Brookings — which prides itself on producing “high-quality independent research” (emphasis added). After Warren raised her concerns, Brookings — in an attempt to salvage its reputation — showed Litan the door.
And as soon as that happened, the anti-Warren backlash ensued, with Litan’s fellow hired guns publishing a flurry of Op-Eds in his honor.
Litan’s work isn’t confined to taking Wall Street’s money to attack financial-industry regulation. He’s also attacked the FCC’s Net Neutrality rules with the help of another for-hire think-tank economist, Hal Singer, who has his own well-earned reputation as a purveyor of bogus “research.”
But this time the truth prevailed. And in a nation where corporate influences hold way too much sway, this is a really big deal.
So take a moment to thank Sen. Warren for speaking out — and exposing industry-funded “experts”.
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