When 2020 Democratic presidential candidate Sen. Elizabeth Warren said she believes that an “economic crash” is coming, a CNN reporter suggested that Warren’s socialist economic policies could actually be the cause of such a “fiscal crisis.”
“I warned about an economic crash years before the 2008 crisis, but the people in power wouldn’t listen,” Warren wrote. “Now I’m seeing serious warning signs in the economy again — and I’m calling on regulators and Congress to act before another crisis costs America’s families their homes, jobs, and savings.”
“Warning lights are flashing,” Warren continued. “Whether it’s this year or next year, the odds of another economic downturn are high — and growing. Congress and regulators should act immediately to tamp down these threats before it’s too late.”
During a segment Monday with CNN’s business reporter Cristina Alesci, she warned that Warren had it backward and that in fact, the Democratic senator was “proposing some solutions that actually might create another crisis.”
— David Rutz (@DavidRutz) July 22, 2019
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How Do You Pay For It?
“Warren is shaping this conversation in a way that is politically convenient for her,” Alesci said. “As far as her policy proposals, she is recommending lowering rents, offering affordable childcare, offering free tuition at colleges, all of that costs money the American public should be asking, ‘how do you pay for it?'”
“One way would be to increase taxes, another way is to increase government debt,” Alesci continued. “This is the issue that the American people should be actually focused on because many experts say if we don’t get control of our debt over the next 10 years we could be facing a fiscal crisis.”
Alesci is right. It’s bad enough that Warren is proposing more big government solutions, the type of which have already contributed to our current fiscal mess.
But even worse, Elizabeth Warren’s prescriptions for the economy are so bad that even CNN pundits are calling her out on it!