#senator warren

[clinging-to-decency]

[rejectingrepublicans]

[onlytiktoks]

[milliehilliearts]

Dream big. Fight hard.

[scuttleboat]

critics like

[rjzimmerman]

Elizabeth Warren’s new climate plan can go the distance, even if her campaign can’t

Her latest proposal, introduced as the stock market continues to plunge amid coronavirus fears, is aimed directly at Wall Street banks.

Excerpt from this Grist story:

Elizabeth Warren once again trailed her top competitors in Saturday’s South Carolina primary. Another poor showing on Super Tuesday — the day when the greatest number of Democrats can go to the polls — could spell the end of her presidential aspirations.

But regardless of what happens to the Massachusetts senator this week, her climate plans, some of the most detailed and thoughtful in the primary, could live on — much like those of Jay Inslee, the campaign’s original climate candidate, who left the race last August. (Warren, among others, adopted elements of the Washington State governor’s climate platform upon his exit.)

That’s especially true of her latest proposal, aimed at stopping Wall Street from continuing to finance the climate crisis. As far as Warren’s climate plans go, this one is as on-brand as they come.

Many other candidates, including Warren herself, have previously unveiled climate risk-disclosure plans, designed to compel corporations to reveal to stockholders and the public potential climate-related liabilities to their business — ranging from fossil fuel investments on their books to parts of their operations with exposure to, say, sea-level rise. But this plan, introduced as the stock market continues to plunge amid coronavirus fears, is different in that it is aimed directly at Wall Street banks.

Climate change, she says in the Medium post, destabilizes the American financial system in two major ways: physical property damage (think the wreckage of coastal cities in the wake of catastrophic hurricanes or Western towns post-wildfires) and so-called “transition risks.” For those of you without a degree in economics, transition risks in the context of climate change means, for instance, investments in the fossil fuel industry that could suddenly lose value as the nation switches to a green economy. Theoretically, such a shift could create conditions for a financial meltdown.

“We will not defeat the climate crisis if we have to wait for the financial industry to self-regulate or come forward with piecemeal voluntary commitments,” Warren writes. So she suggests taking aggressive steps to rein in Wall Street and avoid financial collapse by using a number of levers at a president’s disposal — some old, some new.

[lilaviolet]

Just voted for Elizabeth Warren and I feel great!

[mantra4ia]

When ego overtakes pathos and logos.

“We’re starting a new phase of our grassroots movement...we’re calling it Warren Democrats: A movement of voters, candidates, and leaders who believe in the power of bold, inclusive reform to root out corruption in government and put power in the hands of the people.” -Official Warren campaign twitter account

Never again be fooled into ignoring career ego.  There is someone running for President right now with these same values, platform, and movement. His name is Bernard Sanders, the Revolution is not named after him, and his ability to restrain ego in order to benefit policy and lift up his colleagues with similar values is so utterly contrary to this mutated idea to elevate the ego in the future at the expense of betraying the leaders who are carrying the banner for policy to the next phase right now.

Nothing good for policy will come of having a “Warren Democrat” on the relay team that it takes to get policy to become law.