Monday, November 29, 2010

And Now a Word from Elizabeth Warren's High Priced MIT PR Man

Simon Johnson, former chief economist at the IMF,  professor at the MIT Sloan School of Management, senior fellow at the Peterson Institute, and member of the CBO’s Panel of Economic Advisers, continues in his role as Elizabeth Warren's number one PR flack.

I'm not sure what is behind their bond, but it is strong. I originally sniffed it out in August, when Johnson put together a hit piece on Treasury Secretary Geithner, to help out Warren.

In his latest Warren move, his role as Warren's PR flack becomes more obvious:
We need transparency and accountability in the financial sector – and in all other parts of our economy. Elizabeth Warren is exactly the right person to lead this charge, in the first instance from the [Consumer Financial Protection Bureau] CFPB.

She should be nominated by President Obama to head the agency. The fight for her confirmation would make her ideas clear to millions. Let’s see which senators exactly are willing to argue against greater transparency.
It appears that Warren is trying to position herself as a free market advocate. Here's Johnson:

Congressional Republicans are apparently intent on a big showdown with Elizabeth Warren, who is currently building up the new Consumer Financial Protection Bureau (CFPB).

This is very good news for the White House, if they use this opportunity wisely.

Some Republicans seem to think that Ms. Warren is about “big government” or “intrusive regulation”. But this is not the case – Elizabeth Warren’s approach is much more appealing and already popular with almost everyone on right and left: Transparency.
I don't buy it for a minute. Remember, Warren was the head of the TARP oversight committee that went so beyond its mandate that two members quit, when she decided to explore bank nationalization.
Warren is as power hungry as they get and a very slick poser. If she thought it would advance her power, she would  position herself as having big support in the rap community. Oh wait, she has already done that:

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