Elizabeth Warren at first blush seems to be a bleeding heart liberal.
But her attack on Ben Bernanke - on continuing to support too-big-to-fail banks - seems to me an indictment of the Obama administration.
My conservative friends hate Obama. But my wealthly banking friends? Not so much. The fact of the matter, is that Obama, has maintained the status quo for too-big-to-fail banks.
My Main Street conservative friends, want access to business loans for their businesses. Community banks are suffering; while the big banks are hoarding their cash. These conservative friends see big banks in a negative light.
My GOP is not today's GOP. But it was in my formative years in the 1980s. The GOP was all about being pro-business and giving everyone a chance.
Democrats conveniently forget that Bill Clinton broke apart FDR's Glass-Steagall Act. Glass-Steagall was the systemic fix from lessons learned from the Crash of 1929. Bush 43 didn't create the 2008 Crash. Clinton did. And Bush 43 and Obama 44 haven't addressed the problem; unlike FDR.
This appears to me a great opening for the GOP. Becoming the party of not just anti-big government, but the party of anti-big banks AND upward economic mobility.
The Democratic Party has left this flank opened. They can be labeled as big bank enablers. While they tout entitlement and economic floors; they have done nothing to address the economic aspirations of the lower class.
I have self-labeled myself as a "serial job killer". The point of my original post - which was featured in Thomas Friedman's latest book - was not a celebration of killing jobs. The main point, was in today's economy, everyone needs to think of themselves as free-agents and "unique value creators"; and that basic precept depends on an economic level playing field.
My vision of a 21st GOP is TR-Progressive. Big and corrupt is bad. Enabling free-agents and "unique value creators" requires a restoration of local community banks and breaking apart the "trusts" of too-big-to-fail banks.
This platform is consistent with the historical policies of the GOP. The GOP must purge radicalism. The GOP shouldn't own social issues positions. That's not me taking. That's Barry Goldwater talking. Goldwater was an individualist. The idea of social conformity, ran counter to his seminal vision of conservatism.
No need to repudiate conservative social issues. Just take them off the table. Focus on 21st century economic realities. Stick to Occam's razor and focus on ONE thing. A party that embraces 21st century realities with a renewed level playing field.
Stop the idealogy wars. William F. Buckley, if he was alive today, would say that the best path to conservatism is to win hearts and minds. He would say ideology without victory is meaningless.
Our two party system is our grestest check-and-balance. Our political parties have changed accordingly. There has always been a party in power and a reform party to stand up to it.
The GOP must face facts. They are not a reform party fighting against the party in power; but an ideological party that is fighting against progress and pandering to people that are angry the majority of the country is changing.
The U.S. majority has always been changing. The GOP used to recognize and embrace that. Nixon and Reagan in recent times, for instance, found majorities and worked their way backwards. Crime and lack of patriotism respectively. Both issues cut against the grain of traditional Democrat and Republican traditional voting patterns.
Elizabeth Warren a bleeding heart liberal? Not to me. Put a rough rider hat and a mustache on her and she sounds like like Teddy Roosevelt. And TR sounds like a good role model to start reforming the GOP.
February 28, 2013