Tuesday, December 10, 2019

Elizabeth Warren Just Undercut Her Own Warrenomics

Top-tier Democratic presidential candidate Elizabeth Warren, who's got a good chance of securing the nomination, now finds herself stuck in a pretty embarrassing one.

First off, her campaign's release begins by stating: "These disclosures include all of the cases Elizabeth Warren worked on that we have been able to identify and all of the income from each case we have been able to determine from public records, Elizabeth Warren's personal records, and other sources."

In describing her bankruptcy work, Warren notes that "Maximizing the size of the pie often includes finding ways to reorganize failing businesses under new ownership, in order to benefit everyone - workers who rely on those business [sic] staying open for their livelihoods, investors, victims of faulty products, and creditors that the business owes money."

Now here's the question: Wouldn't Warren's wealth tax, and all the other punishments she has locked and loaded and aimed between the eyes of "Billionaires," have exactly the same effect as the demands for damages Warren successfully prevented from being exacted from Fairchild Aircraft? Except many, many times over.

In microcosm, Elizabeth Warren the corporate lawyer was a private-sector jobs saver.

In macrocosm, a President Elizabeth Warren would be the most destructive jobs killer in economic history.

Another Warren rival, fellow New England senator and out-and-out socialist Bernie Sanders, has taunted that Warren has called herself a "Capitalist to my bones." But if either Warren or Sanders wins the White House, future generations will be left with only the bones of the vibrant economic freedom we enjoy today.

https://issuesinsights.com/2019/12/10/elizabeth-warren-just-undercut-her-own-warrenomics/

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