OK, it’s true that presidential predictions – predictions of any kind for that matter – are terribly difficult to get right. This one is no exception. Elizabeth Warren seems to have always brushed off questions or assertions that she should run for president, but it probably wouldn’t be a bad thing if she did run, at least from the perspective of consumer rights in America.
Charles Pierce recently wrote a long Esquire piece explaining Warren, who she is and how she got to where she is today; that is, from state champion debater to law professor to political candidate and U.S. senator. The theme of Warren as teacher runs throughout Pierce’s story.
Warren’s experience studying bankruptcy as an academic woke her to the realities of many poor and middle-class Americans. “She was sure,” Pierce writes, referring to Warren’s bankruptcy study, “that she would chronicle the lives of the profligate and the greedy, people who spent beyond their means and were now trying to welch on their obligations.”
Warren discovered something much different – people who filed for bankruptcy because a loved one died and they were left with thousands in medical bills, for example – and this discovery led to Warren’s instrumental work in creating the Consumer Financial Protection Bureau, or CFPB.
And as senator, Warren continues to “teach” Americans the realities of the bankruptcy system and the economy as a whole – how the myth of the greedy and overspending American is just that: a myth.
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Meet Our Next President: Elizabeth Warren