Elizabeth Warren is surging, and Wall Street is noticing.
During a recent discussion about Wall Street’s take on Elizabeth Warren’s candidacy, Jim Cramer, the host of CNBC’s Mad Money, said executives are absolutely terrified at the prospect of a Warren presidency:
“Look, I’ve got to tell you, when you get off the desk and you talk to executives, they’re more fearful of her winning. I mean, I’ve never heard anybody say [before], ‘Look, she’s gotta be stopped. She’s gotta be stopped!’ I don’t know, she’s very, she keeps going up in the polls. … She’s gonna win Iowa, I believe. She’s a very compelling figure on the stump.”
Translation: Wall Street has been allowed to siphon wealth from our economy for four decades with impunity, and if Warren wins, that bullshit ends.
I can’t share this graph enough:
Since the mid-’70s, productivity has continued to surge, while real wages have stagnated. So obviously, the fruits of our labors have gone somewhere other than to laborers.
In other words, the rich have been stealing from the poor. And trickle-down policies have left more and more people thirsty.
And when there is a recession, who gets punished? Everyone except the people who caused it. In fact, the culprits invariably make out like the bandits they are.
Elizabeth Warren knows all this, and she’s saying it out loud — and more and more people are getting the message.
Of course Wall Street executives are pissing their pantaloons. In a little more than a year, the jig could very well be up.
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