Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Concentrate on Dividend Record and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Freedom Force
  • Dick Young’s Safe America
  • Bank for International Settlements

Elizabeth Warren Would Vastly Expand Government Powers

September 24, 2019 By Debbie Young

Elizabeth Warren films a video with the CFPB new media team announcing the CFPB “Open for Suggestions” project.

You don’t have to be paying any special attention to the Democratic presidential campaign to know that Sen. Elizabeth Warren’s campaign centerpiece is based on anti-corruption.

Francis Menton, who believes that government is inherently corrupt, recently conducted an evaluation of EW on political corruption.

The government consists of human beings, and it’s just part of human nature that people will act in ways to help those who somehow further the financial and career interests of the government officials.

Elizabeth Warren’s view, not surprising, is opposite the Manhattan Contrarian’s. Warren boasts that she has a plan to solve many woes (the Manhattan Contrarian counted 37), each of which is backed by either government coercion or government money.

The plans in the aggregate amount to a vast expansion of the federal government and its powers and its ability to allocate resources. And at the same time, Warren’s other major campaign plank is that she is the anti-corruption candidate. Really.

How exactly is this supposed to work? Repeal human nature, perhaps? On September 16 she gave a big campaign speech in Washington Square Park in New York City. (Somehow I missed it, even though I probably could have heard it if I had just opened my windows.) Excerpts (from vice.com):

  • “End lobbying as we know it.” Generous applause.
  • “No more lobbying on behalf of foreign governments.” Wild applause.
  • “Anyone who wants to run for office will have to put their tax returns online.” Unhinged applause.

Mr. Manton spent an undisclosed amount of time going through Warren’s 37 proposals, not one of which addresses the corruption of, say, the Clinton Foundation.

Exhibit #1 – The Clinton Foundation

As one example among many of my posts on this subject, here is one from August 2016 covering the Clinton Foundation. The Clinton Foundation had collected some $2 billion in donations in the period 2001 to 2015, supposedly for charitable works. During most of that period, Hillary Clinton had been either running for President or serving as Secretary of State. A large percentage of the $2 billion came from people or governments with some major interest before the U.S. government or State Department. My post covers various government favors granted to certain of the donors.

Billions to Clintons’ Lifestyles

Meanwhile, tens of millions of dollars from the $2 billion went to support the personal lifestyles of the Clintons and/or the employment of potential Clinton campaign staff. Nobody was ever prosecuted, and in any event it’s not clear what the crime would have been. . . .

Or, try finding the one that addresses the corruption of deep state actors in the FBI and national security agencies using their powers to investigate and disadvantage the disfavored political campaign for President. Again, not there.

Or, how about the proposal that addresses the corruption of labor unions using government-granted coercive powers to take dues from members who support one political side and using those dues to support the other political side. Again, not there.

Menton looks at some of the major world countries that assert powers to control the economy that Warren would have the U.S. government assert. Here, Mr. Menton gives a list in his  September 15 post of the six countries in the world other than the United States with the largest populations: China, India, Indonesia, Pakistan, Brazil and Bangladesh.

Each of them, also listed in the Manhattan Contrarian, has very restricted private economies, “where the government exercises extensive control over who can do what.”

Warren Doesn’t Understand What Real Corruption Is

The fact is that the vastly expanded government role that Warren envisions will inherently bring comparably expanded corruption and reduced prosperity. That’s how it works. Warren doesn’t seem to know that.

It can only be called unforgivable ignorance.

Read more here.

Related Posts

  • Bigger and Bigger Government Elizabeth Warren Style
  • The Disgrace that Is Elizabeth Warren
  • Elizabeth Warren Absolutely “Crackers”
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Gov. Newsom Discovering the Power of the Pen - February 25, 2021
  • Don’t Let Its Name Fool You - February 24, 2021
  • Enjoy the Boom While You Can - February 23, 2021

Dick Young’s Must Reads

  • Tucker Explains: Put America First, Put its Families First
  • Gold/Silver Coins No Longer Allowed in Safe Deposit Boxes
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • What Do You Know About Rho-Kinase?
  • “An Epic Struggle Over the Definition of America”
  • America’s Colleges Have Become Progressive Liberal Rat Holes
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • Globalism Has Made America Dependent on Foreign Countries
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • “The Losses are Taking a Toll on Their Health”

Our Most Popular Posts

  • Has the Time Come to Abolish the American Government?
  • Biden Tells Audience that Blacks and Hispanics Don't Know How to Use the Internet
  • Enjoy the Boom While You Can
  • Marry Compound Interest, Divorce Market Timing
  • Texas – More Subsidies for Wind, More Regulations for Oil
  • Permitless Carry Corridor Expands: Red States Trouncing Blue States on Freedom
  • Richard Young Reports: 50+ Years with Fidelity and Wellington
  • UPDATE: Your Gun Rights and Freedom Are Under Assault
  • Please Don’t Call It COVID Relief
  • Long Live Rush Limbaugh: Our Walk in the Woods

Disclosure

RSS Youngresearch.com

  • Petrified Snow/Ice Fishing? How about a Boat? and More
  • Bubble in Tech Stocks Will Cause “Clean Out” in Markets
  • COVID Chaos: New York and California vs. Florida and South Dakota
  • Time for the Fed To Stop Babying the Bond Market
  • Richard Young Reports: 50+ Years with Fidelity and Wellington
  • Deep Survival, Who Lives, Who Dies, and Why
  • Herd Immunity by April?
  • Corporate Bond Yields: What You Can Earn Today
  • Your Retirement Life: Meet Larry the Car Wash Guy
  • Is Oil Headed Back to $100 per Barrel?

Fauci Doesn’t Own Your Face

Gov. Newsom Discovering the Power of the Pen

Petrified Snow/Ice Fishing? How about a Boat? and More

Johnson & Johnson Spinning Up Single-Dose COVID Vaccine

The Many Benefits of Olive Oil

Do You Know About the Great Money Explosion?

Copyright © 2021 | Terms & Conditions | About Us | Dick Young | Archives