Okay, 2020 presidential contender elizabeth warren is essentially admitting one of her key promises will cost millions of middle-class jobs. let s discuss. democratic strategist kevin walling and fox news contributor kristen soltis anderson. good to have you both with us. good to see you shannon you shannon. shannon: you are not in costumes come i m a little disappointed. let s talk about some of this. leon cooperman, this investor this billionaire guy, he basically said this, back in september, you don t make poor people rich by making rich people poor, the democratic party seems to be leaning toward the left on policy, which is very harmful for the economy. i don t like the shift to the left peered he and many on wall street are saying we are not going to back these guys, we think they have gone too far and it will be good for the u.s. economy. even if the substance of their message is right, the messenger is important. i have to imagine elizabeth warren is loving it. every
2020 presidential contender elizabeth warren is admitting one of her key promises will cost millions of middle-class jobs. kevin wallace and kristin anderson, good to have you with us. you are not in costume. i m a little disappointed but you look great. let s talk about this. leon cooperman, this investor, billionaire guy said this. quoted back in september you don t make for people rich by making rich people poor. the democratic party is leaning towards the left on policy which is harmful for the economy. i don t like the shift to the left and many on wall street are saying we are not going to back these guys, they have gone too far. even if the substance of their message is right the messenger is important. i imagine elizabeth warren is loving it every time one of these wall street folks comes out with this message against her because even though the fact
Because it goes to the question, how do they look at what happened? how are they thinking about preventing what s happening next time? it s clear that regulation can t keep up with the problem. regulation is very important. capital controls. all the things we re doing now are going to make a difference. but at the end of the day, these are these banks are innovators and they re innovators at finding ways around regulation. innovators in finding ways to deploy capital that can create kinds of risk we haven t thought of. as ezra said, this is a big deal. the wall street folks will push back and say, exactly what ezra pointed out, that, you know, these bear stearns shares were picked up at the sort of request of the federal government, although at $10 a share, a pretty good deal. and that having cases like this, settlements like this, dissuades other sort of big wall street banks from helping out if you will, the u.s. treasury in times of need. the wall street journal is reporting t
Movement. it suggests that this is not just a movement of some you know, some folks being told to go in but everybody s going in together. and i think the symbolism was very, very important. well, how often is this going to happen in your opinion? and do you think it will motivate other labor folks now that they ve seen a president get arrested to do the same thing? well, back in the anti-apartheid movement in the 1980s you started seeing some people step up, and it became a thing of honor to be arrested in an act of civil disobedience. i think we might well see some more of that. and i also think that it s not just about arrests. it is that when you see labor leaders in the front lines, when you see members of the city council, religious leaders in the front lines, that tells people this is a protest that everyone can come out and be a part of. it invites whole families into it. and i think it can t do anything but build this movement. john nichols, thanks for joining us again
Understand this is the way the system s working. and there are people who benefit because you don t have a job or home or health care. we need to name those people, those war profiteers who are making 10, 20, 30 million dollars while you don t have a job. we need to name people like murdoch. we need to name the bankers and the wall street folks and connect the dots for people. this is a system. this is an order system. and people are paying a terrible price. and it s thrilling to see their courage and their guts and their honesty in throwing their bodies out there and saying day after day, damn it, no more. and fox news obviously throwing a concerted effort to disparage the movement and also to degrade it and label it things that it simply is not. is that going to strengthen the movement in your opinion? well, if we listened to fox, ed, i think we d all be in a lot of trouble. i think the movement s going to be strengthened because it s talking about basic and profound