In Part I of this series, several claims made by Elizabeth Warren were debunked but there were so many that Part II was written to continue shedding light on Warren’s pattern of lying. It’s true that people sometimes make mistakes or false claims but they usually admit to the facts or admit they made a mistake. Professor Warren does neither. She continually regurgitates the same lies over and over to further her political agenda. Since Warren is hell bent on raising taxes; demanding accountability in government and private business; and pointing out the ‘bad guys’, it’s interesting that she’s had a few problems in these areas herself. As with Part I, the question remains, how can voters believe anything Elizabeth Warren claims?
Professor Warren’s claims and the facts:
CLAIM: Professor Warren was part of a group from Harvard that did a study claiming that half of all bankruptcies were due to medical reasons. Note: Warren is for government run healthcare i.e., the single payer system.
FACT: There has been years of research that proves the exact opposite of what Professor Warren and her group claimed and Democrats continually used when pushing Obamacare. From the National Center for Policy Analysis:
The idea that half of all bankruptcies are caused by medical debt has become part of the common folklore. But where did the idea come from? What is the evidence for it? The claim, first made in a 2005 Health Affairsarticle, is at variance with four decades of economic research, including a finding that even large medical bills have no impact on family living standards.
CLAIM: Professor Warren wrote a book in 2003 called “The Two-Income Trap: Why Middle-Class Parents are Going Broke.” In it she “…made the case that income stagnation — caused by failed pro-market policies — is killing the middle class, forcing them to take on ever greater amounts of debt to afford a traditional middle-class lifestyle.”
FACT: Not only is income inequality another myth propagated by the Left but incomes were not stagnant when Elizabeth Warren wrote her book. From The American Enterprise Institute:
Has the middle class stagnated during the past 30 years? I’ve pointed to a pair of Fed studies that show middle-class wages and incomes rising since the 1970s. But CDO disqualify those studies mainly because liberal economist Jared Bernstein says they’re no good. If only there was some economist CDO respected who could back up my claims. Wait, Robert Gordon does! Here is a bit from an email Gordon sent me in 2007:
The correct statement is that correcting the upward bias of the official [consumer price index] adds more than 1 percent per year to official estimates of the growth in median and mean wages. Cumulatively since 1977, my best estimate of the upward bias in the CPI cumulates to 38 percent between 1977 and 2006. Thus if someone came along and said the male median wage adjusted for CPI inflation has been stagnant since 1977, I would translate this into a true 38 percent increase.
And don’t forget brand-new research from University of Chicago’s Bruce Meyer and Notre Dame’s James Sullivan who find that “median income and consumption both rose by more than 50 percent in real terms between 1980 and 2009.”
CLAIM: Elizabeth Warren not only helped to create the Consumer Financial Protection Bureau under Obama but has continually claimed she is about protecting consumers. She’s actually made quite a name for herself in this area.
FACT: Professor Warren consulted with an insurance company to suppress asbestos claims, hardly a trait of someone who claims to protect consumers. From The Washington Beacon:
Democratic Massachusetts Senate candidate Elizabeth Warren publicly supports a consumer protection platform, but records show she received more than $100,000 to help suppress personal injury lawsuits against an insurance company accused of misleading the public about the dangers of asbestos.
Warren wrote in a Supreme Court brief on behalf of Travelers that the asbestos victims’ lawsuits were part of a “global strategy developed by the asbestos plaintiffs’ bar.” Warren also criticized the victims’ “enterprising” lawyers. According to Warren:
After a full, contested evidentiary hearing, the bankruptcy court concluded that all of the pending direct action suits against Petitioners violated the 1986 confirmation order, finding as a matter of fact that these new claims were part of a global strategy developed by the asbestos plaintiffs’ bar to put Petitioners ‘in Manville’s chair’ and thereby collect on claims that had already been channeled to the Manville trust. …
And by effectively rewriting a long-final confirmation order (at precisely the time when its enforcement was necessary), the court of appeals gave enterprising plaintiffs’ lawyers an “end run” around a final federal court judgment.
Warren referred in her brief to the court’s responsibility to end “the asbestos litigation crisis.”
CLAIM: Elizabeth Warren feigns to be a proponent of accountibility and responsibility and even calls for Jamie Dimon’s resignation after a $2 billion loss at JP Morgan:
Dimon should resign from his post at the New York Fed to send a signal to the American people that Wall Street bankers get it and to show that they understand the need for responsibility and accountability.
FACT: Warren was in charge of $10 million of TARP budget under Obama. She not only claimed a much smaller salary but she has yet to be accountable for just how all of that money was spent. From Politico:
Warren, who is seeking the Democratic Senate nomination in Massachusetts to take on Republican Scott Brown, has yet to break down exactly how her congressional panel spent the money on travel expenses, meals and consultants, and the panel never revealed how much Warren was paid while she served as chairman. [Note: Eventually this amount was revealed and it was almost three times higher than what Warren originally claimed]
“For an entity whose purpose was to disclose where government funds went through the bailout, it is very disturbing that they [the oversight panel] did not disclose how they spent the money, much less simple and basic things that I asked about in a hearing a few years ago, like making public a telephone number for citizen watchdogs to call in, to disclose some very basic things on the website, which they never did,” said Rep. Patrick McHenry (R-N.C.), a member of the Financial Services Committee who pressed Warren on this issue repeatedly. “It showed more incompetence than anything else. But it raises concerns about how she led that government agency, especially one in terms of getting [the public] disclosure on TARP.”
CLAIM: Warren believes that the wealthy do not pay their fair share in taxes and should pay more.
FACT: This claim has already been debunked in Part I but what’s even more ‘amusing’ is that Warren had the opportunity to pay a slightly higher tax rate in Massachusetts but she chose not to. For someone who is very wealthy and demands that her fellow 1%ers pay more, it’s extremely hypocritical to not voluntarily do what you wish the government force upon others. From Townhall:
Elizabeth Warren finally confirmed today that she did not pay the higher 5.85% rate on her state tax form, a legal option available for Massachusetts taxpayers who believe they should pay more.
For the last few weeks, Warren has lectured others about their moral responsibility to pay higher taxes. In 2011, Warren earned more than $716,000, and has a net worth of as much as $14.5 million.
“The problem with running a campaign based on self-righteousness and moral superiority is that you had better live up to the same standard you would impose on everyone else,” said Jim Barnett, Campaign Manager for Scott Brown. “Millionaire Warren lectures others about their obligation and responsibility to pay higher taxes, but she refuses to pay the optional higher rate available in Massachusetts. This is the sort of hypocrisy and double-speak voters are sick and tired of hearing from politicians, especially those who can’t keep their hands out of others’ pocketbooks.”
It also seems that Professor Warren isn’t so fond of paying excise taxes either. From the Boston Herald:
For someone who wants to raise taxes on everybody, she certainly seems allergic to paying her own. Refuses to pay at the voluntary higher state income tax rate, and now totally blows off the auto excise tax for five weeks now and counting. When we first checked with the city of Cambridge on Monday, she owed $68.12 in overdue excise taxes.
There are far too many false claims perpetrated by Elizabeth Warren for anyone to have even minimal trust in what she says. She doesn’t help matters by running from reporters or refusing to discuss issues that are brought to her attention. Voters want to know everything about a candidate, not just their political agenda. Unfortunately in Massachusetts there are very few media organizations that will out Warren on all of her lies. As it gets closer to November, more truth will come out about Warren but if the voters don’t know the facts, they could end up voting for someone based on a false picture painted by the media and Warren herself.