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Opinion | The case of Elizabeth Warren


On Tuesday night, after the last Democratic debate, Ann Coulter tweeted"Sen. Warren has convinced me that Bernie is not so worrying. He will never do anything. SHE is the monster that will come up with 17 idiot plans every day and keep everyone awake until it's over." Reactive vicious, Coulter cut the heart of Elizabeth Warren's promise.

Warren has an almost supernatural ability to identify problems before anyone else and work tirelessly to solve them. Of all the Democratic candidates, she would be the most effective president. (Full disclosure: my husband, graphic designer and creative director, works as a consultant for her).

In 2007, Warren, then a Harvard law professor, wrote a article in Democracy magazine calling for the creation of what she called a Financial Products Security Commission. "It is impossible to buy a toaster that has a chance among five of bursting into flames and burning your house," he wrote. "But it is possible to finance an existing home with a mortgage that is as likely as one in five to get the family out on the street." This was before a cascade of mortgage failures triggered the financial crisis, which he foresaw.

Warren realized that complexity was building against consumers, noting that a typical credit card contract had grown from one page in the 1980s to more than 30 pages two decades later. Ordinary people did not have the bandwidth to understand the terms they were accepting, which allowed lenders to watch over them.

Four years later, its creation, now called the Office of Consumer Financial Protection, was a reality. It is no small thing that someone with little direct experience in government leads the creation of a new agency alone. Since then, the CFPB has provided $ 12.4 billion in aid to 31 million consumers.

I was one of them. As I wrote before, I turned to the CFPB after discovering that my bank had enrolled me, without my knowledge, in a dubious program that sought to protect users' credit. The bank had been fined $ 700 million in relation to him, but that did not return my money. So I went to the CFPB website, where I completed a simple form. A few weeks later, my bank notified me that they were returning more than $ 11,000.

That experience is part of why my husband signed up to consult with Warren. (To design his logo, he went to the Statue of Liberty to find the precise color of green).

What surprised me about the CFPB was its fluidity. How Will Wilkinson has written, Warren's agenda, with its large number of plans and calls for a "great structural change," has been painted as "controversially ideological and bureaucratic suffocating." This perception is reversed. Warren's genius is using the regulatory process to simplify that ordinary people face financial giants. She knows how excessive bureaucracy can be a tool of domination and how to defend people from it.

Even if a Democrat wins the presidency in November, Democrats will not be able to pass significant legislation unless they both take the Senate and eliminate the filibuster. That will make Warren's dominance of the levers of executive power particularly important. As a senator, she was known for concentrating on seemingly dark dates, understanding how, for example, to have wrong person as undersecretary of domestic finance It could translate into real-world suffering. She has plans to use executive action to address issues such as student loan debt Y prescription drug prices.

Warren also has the most inspiring personal story of any of the contestants. Daughter of a maintenance man, she left college to get married, then returned to school to become a special education teacher. When he lost his job after becoming pregnant, he went to law school and shot himself to the top of his field. Many candidates would present such an extraordinary increase as evidence of unique personal value, but Warren sees it as a parable about how good government policy can allow social mobility.

Unlike Bernie Sanders, she does not carry the electoral albatross of socialism; She wants to purify capitalism from stifling corruption so that it works as it should. Not surprisingly, his dog, Bailey, is named after the virtuoso banker of the small town played by Jimmy Stewart in "It's a Wonderful Life."

Under Trump, the US government has become a miserable orgy of self-treatment. There is no person on earth more suitable to clean it than Warren. If it were a Jimmy Stewart movie, she would come from behind to win the nomination. At this moment, that possibility seems remote, but as long as it is still in the race and most of the United States has not voted, it is not too late for the Trump era nightmare to give way to a Hollywood end.

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