Democracy Now: Warren at DNC: System “Rigged” in Favor of Corporations


Also speaking during the prime-time convention hour Wednesday was consumer advocate and Massachusetts Senate hopeful Elizabeth Warren. Warren is seeking to unseat Republican incumbent Scott Brown in a tight race. She is known for launching the Consumer Financial Protection Bureau under President Obama. In her remarks, Warren said the U.S. economic system is rigged in favor of bailed-out corporations.

Elizabeth Warren: “People feel like the system is rigged against them. And here’s the painful part: They’re right. The system is rigged. Look around. Oil companies guzzle down billions in profits. Billionaires pay lower tax rates than their secretaries. And Wall Street CEOs, the same ones who wrecked our economy and destroyed millions of jobs, still strut around Congress, no shame, demanding favors and acting like we should thank them. Does anyone here have a problem with that? Yeah, well, I do, too. I do, too.”

Warren also criticized Republican hopeful Mitt Romney for his remark that “corporations are people.”

Elizabeth Warren: “Mitt Romney is the guy who said ‘corporations are people.’ No, Governor Romney, corporations are not people. People have hearts. They have kids. They get jobs. They get sick. They cry. They dance. They live, they love, and they die. And that matters. That matters. That matters because we don’t run this country for corporations, we run it for people. And that’s why we need Barack Obama.”

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~ by wheresthemic on September 6, 2012.

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