"elizabeth warren"

Billionaire Michael Bloomberg threatens to run for Democratic nomination if Biden drops

Elizabeth Warren overtook Joe Biden in one nationwide poll and the billionaires are already taking his pulse. Michael Bloomberg (~$50bn net worth) today makes clear his intentions if Biden slips away and the left-leaning Warren seems likely to prevail: Bloomberg keeps talking to allies about running for president.

Mike Bloomberg has indicated to associates in recent weeks that Joe Biden’s recent struggles are making him rethink his decision to stay out of the 2020 Democratic primary, according to people familiar with the discussions

“Bloomberg is in if Biden is out,” says one source. Biden has not indicated any desire to drop out any time soon.

Bloomberg could be in for a showdown with Elizabeth Warren, whether he runs or not, as he has been one of her biggest critics on the Democratic side.

Pete Buttigieg has done better than expected in recent polls and is, if anything, even more Billionaire-friendly than Biden. And there's that old sawhorse about liberals favoring the farthest-right over even the nearest-left. But Bloomberg doesn't have political affiliations, only vehicles. He served three terms as New York's mayor as a Republican and finally as an Independent. His interest in the Democratic primary is simple: he thinks it'd be a cheap ticket to the White House if Biden were gone. Read the rest

Politico: Facebook CEO Mark Zuckerberg held secret meetings with conservative pundits and politicians

Facebook CEO Mark Zuckerberg hosted "secretive talks" and off-the-record dinners with conservative figures in recent months, reports Politico's Daniel Lippman. Among the delights were discussions of "free speech and partnerships" with nationalist Fox News commentator Tucker Carlson and Sen. Lindsey Graham, a key Trump ally.

As part of the series, Zuckerberg met earlier this year with Republican Sen. Lindsey Graham, who insinuated that Facebook had become a monopoly during a congressional hearing last year; Fox News host Tucker Carlson, who has fingered Zuckerberg as contributing to “the death of free speech in America”; and conservative radio talk host Hugh Hewitt, who has cautioned against a DOJ enforcement action but has called for a “new regulatory regime” to minimize “big tech bias” against conservatives.

It puts into context his (and now Facebook's) recent attacks on Democratic presidential front-runner Elizabeth Warren. Conservative threats to Facebook are part of an effort to co-opt its influence over users and other media. But progressives will follow through on regulation or breaking up its monopoly. Zuckerberg's supplication to conservative politicians and media will, therefore, evolve into urgent support as the next election approaches. Read the rest

Warren trolls Facebook by running campaign ads that lie about Mark Zuckerberg

This morning I posted that Facebook and Twitter have taken the position that they will accept political ads that contain lies because they don't feel it's in their best interest to fact check claims made in the ads.

Presidential candidate Elizabeth Warren put Facebook to the test by running an ad on Facebook falsely claiming that Facebook and its CEO Mark Zuckerberg have publicly announced their endorsement of Trump for president. Facebook said it will let the ad run. “If Senator Warren wants to say things she knows to be untrue, we believe Facebook should not be in the position of censoring that speech,” Facebook spokesperson Andy Stone told CNN.

"Either Facebook doesn't touch the ad and the ad is therefore noteworthy, or they touch the ad and it's noteworthy," Dave Karpf, an associate professor of media and public affairs at George Washington University, told CNN. "It's a smart tactical move."

From CNN:

Warren has become one of Facebook's key antagonists after first calling for it and other Silicon Valley giants — such as Amazon, Google and Apple — to be broken up. But her rift with Facebook deepened after leaked audio published by The Verge revealed Zuckerberg fretting about the potential consequences of a Warren presidency.

"If she gets elected president, then I would bet that we will have a legal challenge, and I would bet that we will win the legal challenge," Zuckerberg is heard saying at a companywide meeting. "And does that still suck for us?

Read the rest

Elizabeth Warren on marriage equality

Senator Warren gave this very clear answer at CNN's LBGTQ town hall.

It is wonderful that candidates can now clearly answer questions about the right to marry and the legal protections it offers without the waffling of yesteryear. Read the rest

Once again Senator Warren's stories check out, her critics' do not

While young and pregnant Elizabeth Warren lost her job as a school teacher. Right-wing critics are using this true story to create doubt and distrust about everything she says.

Salon:

Warren confirmed this timeline to CBS News in an interview Monday: "All I know is I was 22 years old, I was six months pregnant, and the job that I had been promised for the next year was going to someone else. The principal said they were going to hire someone else for my job."

If anything, these new details make Warren's story more touching, since she lost a job that she had good reason to believe was hers for at least another year.

It's easy to see why Warren's story about her first pregnancy sticks in the craws of those who resent her recent rise in the polls. Warren uses this story both to position herself as a relatable candidate who understands the challenges of everyday Americans, but also to showcase the talents that allowed her to rise above those humble beginnings — talents, she suggests, that will help her lead the country during difficult times. So it's not surprising that Republicans, and even some on the left who prefer another primary candidate — judging from social media, mostly supporters of Sen. Bernie Sanders — would want to take this story away from her.

Sadly, as Vox's David Roberts pointed out on Twitter, this debunking won't stop right-wing media from continuing to repeat these baseless accusations against Warren as if they were fact.

Read the rest

Bernie Blindness: a subreddit for noting the way press narratives ignore or smear Bernie Sanders

Bernie Sanders remains one of the leading contenders for the Democratic nomination for the 2020 presidential elections, but you'd hardly know it from the media narrative, which consistently downplays, ignores or misstates Sanders' campaign platform and his achievements in favor of establishment candidates and even other trustbusters like Elizabeth Warren. Read the rest

How this fine gentleman convinced me to donate $300 to Elizabeth Warren

This morning, we were out on our lawn, putting up our Halloween decorations, when this fellow jogged past and said something to me. I had my headphones in and so I just waved and smiled, but then he doubled back and so I took my headphones out and said, "Hi," whereupon he began to swear and shout: "How fucking dare you have a Warren sign on your lawn?" Read the rest

Strong fundraising shows Sen. Warren's continued surge

Continuing to gain in the polls, Senator Elizabeth Warren raised $24.6 for Q3 fundraising, coming in slightly behind Senator Sanders and cruising past former Vice-President Biden in their campaigns for US President.

CNBC:

Sen. Elizabeth Warren finished the third quarter raising $24.6 million, her campaign announced Friday.

The total haul puts her just behind Sen. Bernie Sanders, who brought in over $25 million, and ahead of former Vice President Joe Biden’s $15 million.

For Warren, the successful quarter is the latest sign that she is surging, not just in the polls, but in the fundraising game, toward front runner Biden. In some of the recent voter surveys, she’s either tied or gone ahead of the former vice president. Biden’s fundraising also trailed that of South Bend, Indiana, Mayor Pete Buttigieg, who raked in $19.1 million in the quarter.

Senator Warren's campaign also sent dinner to the Sanders organization on the evening their candidate was hospitalized with chest pain and underwent emergency heart surgery. Read the rest

Even if you pay off your student loan, be prepared to spend decades trying to get bottom-feeding debt-buyers to acknowledge it

Kaja Robinson is 53 and has a daughter about to go off to college, but she is still embroiled in bizarre, kafkaesque disputes over the $17,000 student loan she took out in the 1980s: for decades, she has had to set aside whole days to call debt collectors and try to get them to acknowledge the payments she's made -- for which she has paperwork, but which the lenders lost track of, causing her loans to balloon to $49,000. Read the rest

Elizabeth Warren proposes an "excessive lobbying tax" that would fund independent Congressional experts and public participation in policy

Elizabeth Warren has already proposed strict limits on lobbyists' activities, but in her latest policy proposal, she offers a way of hitting the most aggressive lobbyists in their pocketbooks, and using the revenue to strengthen Congress and the administrative agencies' independence from corporate influence while empowering members of the public to be heard by their government and its agencies. Read the rest

Zuckerberg: President Warren would "suck" for Facebook

In July, Facebook founder Mark Zuckerberg held two hour-long internal employee meetings to discuss the business's future; The Verge obtained the recordings of those meetings, which reveal, among other things, that Zuckerberg dreads the possible election of Elizabeth Warren (Warren has pledged to break up Facebook and its Big Tech competitors if she becomes President in 2020). Read the rest

Slipping in the polls, Sanders out fundraises them all

Vermont Senator Bernie Sanders topped the charts, receiving more than $25 million dollars in Q3 fundraising. Sanders is also dropping in the polls.

Politico:

Bernie Sanders raised more than $25 million in the third quarter of the year, his aides announced Tuesday.

The large haul demonstrates the Vermont senator, despite slipping to third place behind Elizabeth Warren and Joe Biden in national polling averages, remains a fundraising juggernaut. Sanders also recently revealed that 1 million people have donated to his bid for the White House — a milestone he reached faster than any Democratic presidential candidate in history.

This certainly helps demonstrate how little the numbers we use to forecast election results really mean. Read the rest

Stock buybacks: how Wall Street has created "profits without prosperity"

For years, the Harvard Business School fellow William Lazonick has been writing about the rise of the "shareholder value" doctrine in capital markets, and how that has driven financial engineering tactics like stock buybacks, which allow shareholders (including top executives) to prosper at the expense of the companies they have invested in, siphoning value out of profitable businesses until they collapse. Read the rest

Warren campaign works to unseat Senator Collins of Maine

Democrats wresting control of the US Senate from the Republicans will be immensely important in the coming election. Senator Elizabeth Warren's campaign for President is investing resources to help defeat Susan Collins of Maine, most recently famous for her support of putting an accused sexual abuser on the Supreme Court.

Daily Beast:

Sen. Elizabeth Warren’s (D-MA) presidential campaign is putting resources into Maine, where it hopes to help unseat Sen. Susan Collins (R-ME) in one of the most high-profile Senate races of this cycle.

A new memo sent to supporters on Tuesday from Warren’s campaign manager Roger Lau details a series of investments on state directors and organizers for states that vote and caucus in March. The campaign, Lau writes, is devoting these resources not just to boost Warren ahead of primary voting but to assist Democrats in marquee Senate, House, and state legislative contests in 2020. Among the target list Lau offered was Maine, where Collins is facing a number of potential Democratic challengers including Maine House Speaker Sara Gideon.

Read the rest

Bernie Sanders promises to zero out all US medical debt and end medical bankruptcies

Bernie Sanders has pledged to eliminate the $81b in outstanding US medical debt if he is elected president in 2020. Read the rest

Poll shows Warren now leading in Iowa

Elizabeth Warren, the United States Senator from Massachusets, is shown as leading the Iowa Democratic primary field in the most recent Des Moines Register/CNN/Mediacom Iowa poll.

USA Today:

Elizabeth Warren has surged in Iowa, narrowly overtaking Joe Biden and distancing herself from fellow progressive Bernie Sanders, the latest Des Moines Register/CNN/Mediacom Iowa Poll shows.

Warren, the U.S. senator from Massachusetts, now holds a 2-percentage-point lead, with 22% of likely Democratic caucusgoers saying she is their first choice for president. It is the first time she has led in the Register’s poll.

Former Vice President Biden, who had led each of the Register’s three previous 2020 cycle polls, follows her at 20%. Sanders, the U.S. senator from Vermont, has fallen to third place with 11%.

Read the rest

And then there were ten. Democratic candidates on stage, that is.

The New York Times reports that the DNC has whittled the Dem field down to 10 candidates—enough to fit on a single stage for the next debate—after another round of dismal polling for the tail-end vanity candidates.

• Former Vice President Joseph R. Biden Jr. • Senator Cory Booker of New Jersey • Mayor Pete Buttigieg of South Bend, Ind. • Julián Castro, the former housing secretary • Senator Kamala Harris of California • Senator Amy Klobuchar of Minnesota • Former Representative Beto O’Rourke of Texas • Senator Bernie Sanders of Vermont • Senator Elizabeth Warren of Massachusetts • Andrew Yang, a tech entrepreneur

Pause to consider how overwhelmingly important it is to lower-ranked Dem candidates to be on that privately-owned, legacy-media stage. Read the rest

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