After David Brat beat Eric Cantor in the Republican primary in Virginia, the New Yorker called him “the Elizabeth Warren of the right.” Michele Bachmann took that as the opportunity to dismiss Warren as a serious figure because she’s not a “populist.”
Disaffected voters, she said, will not be lured by Warren, whose warnings about a system that favors the wealthy and powerful overlap in significant ways with the more populist tea party critiques.
“I don’t see Elizabeth Warren as someone Republicans have to worry about, not at all. Elizabeth Warren, after all, was a major advocate of Dodd-Frank,” Bachmann said, referring to the 2010 Wall Street reform law that established the Consumer Financial Protection Bureau (CFPB), which Warren designed and lobbied for.
The 2010 law also aimed to reform the way Wall Street is regulated — but not in Bachmann’s telling.
“Dodd-Frank is the biggest insider legislation giveaway that there’s ever been,” Bachmann said, speaking to HuffPost in the Capitol. “If any one is aligned with elites, it’s Elizabeth Warren. She is in no way reflective of where the average American is, because what she did through Dodd-Frank was institutionalize bailouts for the major investment banks forever. That’s what she did. So now the taxpayers are on the hook for who? The Goldman Sachs of the world? I mean, really? So that’s what she’s behind, so she is in no way a populist. Her views are among what the American people are rejecting.”
Don’t you love how every politician pretends that the American people agree with them on everything? It’s especially amusing coming from Bachmann, whose first run for national office in 2012 resulted in her being so wildly unpopular that she withdrew from the race before a single vote was cast. And of course, Bachmann’s definition of populist is one who appeals to the most ignorant people, like she does.
She’s also absolutely wrong about Dodd-Frank, which Americans support by a nearly 4-1 margin.