WASHINGTON — Senator Elizabeth Warren plans to start shopping a book proposal to publishers, seeking to enhance her national political stature while promoting what she considers the cause of her public and legal career: protecting the middle class from abusive financial practices.
The book’s working title is “Rigged,” Warren said in an interview, and she expects it to offer a firsthand account of her battles in Washington to rein in the sorts of predatory lending and Wall Street excess that victimized everyday Americans.
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I wonder if it will beat Scott Brown's inspiring book: 'Against All Odds' about Scott's tough upbringing in the hard scrabble streets of Wakefield Mass - here's a little ditty from Scott on his book:
It is a crisp spring day on Wakefield’s sleepy Main Street, and Brown, standing beside his famous green GMC truck, is identifying the landmarks of his youth for a photographer. He points to a squat beige building across the street, once the home of a popular department store.
“That’s where I stole the suit. It’s in my book. And then the A&P is where the CVS is now,” he said, pointing farther down the street. “That’s where I used to steal the food.”
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Hope she includes a chapter about how all of us who paid our mortgages got screwed while thosewho let their payments lapse for 2 plus years got major interest and principal reductions...bet she won't mention that or even worse will call it a victory...tell that to thse of us who are underwater and have to look at the refi offers that are less than half our interest rates, but can't take advantage because of the no payers.
If that's the case, then why are you still paying? It's a business transaction, not a moral imperitive. Banks that give good rates only to those who don't pay are incentivizing non-payment. In strict economic terms, they are asking you to stop paying. But so long as you continue to pay, they have no incentive to change their policies.
As for Senator Warren's take on the matter: I'm not sure what it is, but you are precisely the kind of person for whom she is fighting. Hopefully her book can better illustrate that for you.
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Yawn. File it with all the other hardscrabble Democrat sob stories. Most of the sales will beto theDNC who will distribute them to contributors. Thus placing it on abestsellerlist, giving more unearned money to warren and making it seem like a book that has value. See "it takes a village" andwhatever Patrick'sbook is called.
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Globe's glowing article FORGOT to report about Elizabeth Warren's latest pronouncement, that due to massive inflation since 1968, the federal Minimum Wage should now be $22/hour. That's $45,000/year for EVERYBODY, no experience or qualifications required.
HOWEVER, the Federal government's own Inflation Calculator says $1.00 in 1960 would be worth $7.84 today (NOT $22.00).
By Eric Brown | March 18 2013 9:13 PM
Sen. Elizabeth Warren, D-Mass., has called for tripling the national minimum wage, citing reports that had the figure kept pace with the United States’ economic productivity, the country would have a $22 minimum wage for all workers.
- Reuters
RelateWould US Minimum-Wage Hike Lead To...
US Minimum Wage Down 17% In 38 Years
In his State of the Union address, President Barack Obama called for raising the wage from its current $7.25 to $9.
Warren addressed a witness at a hearing of the Senate Committee on Health, Education, Labor and Pensions on Thursday to make her case.
"If we started in 1960 and we said that as productivity goes up, that is as workers are producing more, then the minimum wage is going to go up the same. And if that were the case then the minimum wage today would be about $22 an hour," Warren told University of Massachusetts Amherst professor Dr. Arindrajit Dube. "So my question is Mr. Dube, with a minimum wage of $7.25 an hour, what happened to the other $14.75? It sure didn't go to the worker."
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There was some bad reporting around that. I'm no fan of Senator Warren's ;-) ... but she used the $22 figure to grab headlines, but actually supports a phase in to about $10.
Maybe Elizabeth Warren's book should look at voter behavior after an election or why people still don't seem to accept women in politics. We had our chance to elect Scott Brown, first of all. Why not give her a chance? How long has she been in office?
Secondly, some of the comments I hear regarding Warren are pretty sexist. I don't get that part in this day and age.
I support Sen. Warren's efforts to control the Wall St. sharks...but, I think rather than write a book to earn a million dollars, she should use her time doing the job she said she wanted. The public is cynical enough about politicians who use their offices to enrich themselves.
I wouldn't call myself a fan of Elizabeth Warren but I do applaud her writing a book focused on the goings on in our financial sector. Rather than be cynical and think she's just trying to cash in, I agree with her that light has to be shed on what's wrong and, more importantly, how it can be fixed.
Our financial system almost brought us down in 2008. Despite the criminal actions by those playing in the "rigged" game, no one ever did a days time in prison. Some fines were paid but doing the crime was well worth it. Politicians are in bed with the financial sector and big business, in general, and this causes the status quo to be maintained. Those with money and power don't want the current system to be changed and we're a worse country for it.
People have to start caring about these things and be more demanding of their elected officials to change the current system. There's no incentive for them to do it on their own. People need to be educated and take action. I hope Warren's book will help to do that.
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HHhhmmm... dark horse with no previous political profile wins Senate race and gains national prominence, writes book to bring in more funds and gain further stature - Presidental election not too far away, after we have had out first black president is it possible we could have our first wom ... does any of this sound familiar?
Did I mention - the " middle class is getting HAMMERED ".
And it's Senator Warren's friends in BIG EDUCATION that are doing the HAMMERING. Check any study on public debt.
"Rigged"........as in Massachusetts elections!
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You know I like Elizabeth Warren a lot and I respect her views, but she has always said she would stand up fotr the middle class, and the fact is - thousands of middle class jobs in Massachusetts are being off-shored right now as we speak by firms like State Street corporation and its current CEO Jay Hooley, and JP Morgan Chase in Boston, and I don't see Elizabeth Warren or Stephen Lynch taking any steps to halt this slaughtering of middle class jobs..which is a handful a handful of execurives like Jay Hooley incredibly rich and ruining the future for Massachusetts' children..
http://www.wgbh.org/programs/Greater-Boston-11/episodes/July-19-2012State-Street-outsourcing-40276
The truth is that Ms. Warren made a tidy profit from buying up foreclosed properties!
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She can right the book on rigging the system alright. Just ask any actual member of the Cherokee tribe. They are still begging to talk to her about her heritage.
oops, write.
Warren knows about as much about being middle-class as I do about being rich...
So, you grew up rich and worked your way down the way she grew up middle class and worked her way up?
Warren, champion of the middle class? What a joke. Warren is a fraud and the she's trying to get a big bonus from a publisher to make up for her huge pay cut prior to being elected Senator:
Elizabeth Warren’s Salary at Harvard: $429,981. Warren earned the sum from 2010 to 2011, excluding her earnings as an expert witness in an antitrust case ($90,000), as a consultant on a case involving asbestos victims ($43,938), from royalty fees ($136,946), or from the stuff that gets complicated: investments, real estate, renting out her multi-million-dollar home, and, you know, earnings from government appointments.
Rigged? What else is new? The entire electoral process, indeed, the entire political process, is designed to enrich and protect the ruling class.