Opinion

Elizabeth Warren knows how to villainize American businesses — and jobs

(Joel Sheakoski / Barcroft Media via Getty Images)

Op-ed views and opinions expressed are solely those of the author. 

Certain politicians make it their political life’s work to go after, and villainize, “big, bad” companies and businesses. Most of them do it because they believe it scores points for them with voters and consumers and because the politicians know that the companies can’t cast ballots against them.

Conveniently, such politicians forget that it is the business community that creates the jobs, pays the wages, builds the tax base, and runs the economic engine that drives a healthy “quality of life” in most communities.

Within the current crop of presidential candidates, there is one who has embraced a campaign of demagoguery and soapbox rabble-rousing against business. It’s Elizabeth Warren, and she seeks votes by exploiting ignorance and prejudice to whip up crowd passions against America’s businesses and job creators.

Warren is the darling of those who want the American Way to self-destruct. Her America is unrecognizable to people who cherish the Constitution, who believe capitalism is the premier form of economic and political systems, and who think our way of life is the most successful in the world. She is a pre-eminent class warrior against American business, regularly stating that “companies want to ‘suck’ profits from everyone else,” and that multi-national companies, especially, “suck more profits out for themselves.”

Looking closer, Warren endorsed “a public option for Obamacare that was too extreme for a Democratic Congress in 2010,” according to The Wall Street Journal, while she “supports higher taxes … (and) embraced vast new spending on health care, transportation, and energy.”

Here’s a politician who wants to ban fracking, which has “produced hundreds of thousands of jobs and tens of billions of income” for Pennsylvania alone. In fact, she was deadly serious when she promised to ban fracking in her first day in office, which would put millions of Americans instantly out of work.

But what really singles Warren out as a distasteful candidate is her penchant for telling whopper lies, among them her habit of inflating attendance numbers in her campaign crowds. Her crowd estimate for her recent New York City rally was debunked by the city’s Parks spokeswoman.

This event followed an earlier meeting in Minnesota, where Breitbart News estimated attendance at a Warren town hall meeting was about half of what Warren’s team claimed. And let’s not forget about how Warren refuses to be truthful, even on the Colbert TV show, about admitting that middle-class Americans will certainly see their taxes rise if her campaign promises become reality — incredibly, she actually stated to Colbert that “middle-class families are going to see their costs go down.”

These lies follow her original whopper about pretending, for over two decades, her racial heritage was American Indian.

But here’s the plain truth: if Warren becomes President, she would cause an economic and investing apocalypse. Billionaire hedge fund manager Leon Cooperman flatly stated on CNBC that if she or Bernie Sanders wins, “a bear market lasting a year and knocking stock prices down 25% would likely follow,” according to Barron’s. Cooperman went on to say, “If Elizabeth Warren won … the market would be very vulnerable.”

If she becomes President, she will investigate the “big, bad” banks and bank executives, have hearings and put them under oath, and trash them publicly to score political points. At the same time, she will push her allies in Congress to propose legislation seriously detrimental to banks and financial institutions, undermining confidence in their financial stability. The only economic growth she wants is what’s driven by government programs.

Frankly, most conservatives would not even call Warren well-intentioned. Rather, the general belief is that she is soft-headed, lacking wisdom, and insular in her vision.

There are not many politicians who reasonable voters should consider mortally dangerous to a thriving business climate. But we have as many such radicals, currently campaigning at the national level, as we have ever seen in a political cycle. Foremost among them lurks Liz Warren.

John R. Smith

John R. Smith is chairman of BIZPAC, the Business Political Action Committee of Palm Beach County, and owner of a financial services company. He is a frequent columnist for BizPac Review.
John R. Smith

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