Elizabeth Warren Is Completely Serious [nyt]

https://www.nytimes.com/2019/06/17/magazine/elizabeth-warren-president.html

Elizabeth Warren Is Completely Serious

About income inequality. About corporate power. About corrupt politics. And about being America's next president.

By Emily Bazelon

June 17, 2019

The first time I met Elizabeth Warren, she had just come home from a walk with her husband and her dog at Fresh Pond, the reservoir near her house in Cambridge, Mass. It was a sunny day in February, a couple of weeks after Warren announced her candidacy for president, and she was wearing a navy North Face jacket and black sneakers with, as usual, rimless glasses and small gold earrings. Her hair had drifted a bit out of place.

https://www.nytimes.com/2019/02/09/us/politics/elizabeth-warren-2020.html?module=inline

The dog, Bailey, is a golden retriever who had already been deployed by her presidential campaign in a tweet a week earlier, a pink-tongued snapshot with the caption "Bailey will be your Valentine." Warren started toweling off his paws and fur, which were coated in mud and ice from the reservoir, when she seemed to realize that it made more sense to hand this task over to her husband, Bruce Mann.

In the kitchen, Warren opened a cupboard to reveal an array of boxes and canisters of tea. She drinks many cups a day (her favorite morning blend is English breakfast). Pouring us each a mug, she said, "This is a fantasy." She was talking about the enormous platform she has, now that she's running for president, to propagate policy proposals that she has been thinking about for decades. "It's this moment of being able to talk about these ideas, and everybody says, 'Oh, wait, I better pay attention to this.'" She went on: "It's not about me; it's about those ideas. We've moved the Overton window" — the range of ideas deemed to merit serious consideration — "on how we think about taxes. And I think, I think we're about to move it on child care."

Her plan, announced in January, would raise $2.75 trillion in revenue over 10 years through a 2 percent tax on assets over $50 million and a higher rate for billionaires. Warren wants to use some of that money to pay for universal child care on a sliding scale. As she talked, she shifted around in her chair — her hands, her arms, her whole body leaning forward and moving back. Onstage, including at TV town halls, she prefers to stand and pace rather than sit (she tries to record six miles a day on her Fitbit), and sometimes she comes across as a little frenetic, like a darting bird. One on one, though, she seemed relaxed, intent.

https://www.nytimes.com/2019/02/18/upshot/warren-wealth-tax.html?module=inline

Warren moved to Cambridge in 1995 when she took a tenured job at Harvard Law School, and 11 years later, Mann, who is a legal historian, got a job there, too. By then they had bought their house; Warren's two children from a previous marriage, her daughter, Amelia, and son, Alexander, were already grown. The first floor is impeccable, with a formal living room — elegant decorative boxes arranged on a handsome coffee table — a cozy sunroom and a gleaming kitchen with green tile countertops. When Warren taught classes at Harvard, she would invite her students over for barbecue and peach cobbler during the semester. Some of them marveled at the polish and order, which tends not to be the norm in faculty homes. Warren says she scoops up dog toys before people come over.

For her entire career, Warren's singular focus has been the growing fragility of America's middle class. She made the unusual choice as a law professor to concentrate relentlessly on data, and the data that alarms her shows corporate profits creeping up over the last 40 years while employees' share of the pie shrinks. This shift occurred, Warren argues, because in the 1980s, politicians began reworking the rules for the market to the specifications of corporations that effectively owned the politicians. In Warren's view of history, "The constant tension in a democracy is that those with money will try to capture the government to turn it to their own purposes." Over the last four decades, people with money have been winning, in a million ways, many cleverly hidden from view. That's why economists have estimated that the wealthiest top 0.1 percent of Americans now own nearly as much as the bottom 90 percent.

As a presidential candidate, Warren has rolled out proposal after proposal to rewrite the rules again, this time on behalf of a majority of American families. On the trail, she says "I have a plan for that" so often that it has turned into a T-shirt slogan. Warren has plans (about 20 so far, detailed and multipart) for making housing and child care affordable, forgiving college-loan debt, tackling the opioid crisis, protecting public lands, manufacturing green products, cracking down on lobbying in Washington and giving workers a voice in selecting corporate board members. Her grand overarching ambition is to end America's second Gilded Age.

[Elizabeth Warren has lots of plans. Together, they would remake the economy.]
https://www.nytimes.com/2019/06/10/us/politics/elizabeth-warren-2020-policies-platform.html?module=inline

"Ask me who my favorite president is," Warren said. When I paused, she said, "Teddy Roosevelt." Warren admires Roosevelt for his efforts to break up the giant corporations of his day — Standard Oil and railroad holding companies — in the name of increasing competition. She thinks that today that model would increase hiring and productivity. Warren, who has called herself "a capitalist to my bones," appreciated Roosevelt's argument that trustbusting was helpful, not hostile, to the functioning of the market and the government. She brought up his warning that monopolies can use their wealth and power to strangle democracy. "If you go back and read his stuff, it's not only about the economic dominance; it's the political influence," she said.

What's crucial, Roosevelt believed, is to make the market serve "the public good." Warren puts it like this: "It's structural change that interests me. And when I say structural, the point is to say if you get the structures right, then the markets start to work to produce value across the board, not just sucking it all up to the top."

But will people respond? Warren has been a politician for only seven years, since she announced her run for the Senate in 2011 at age 62. She's still thinking through how she communicates her ideas with voters. "The only thing that worries me is I won't describe it in a way that — " she trailed off. "It's like teaching class. 'Is everybody in here getting this?' And that's what I just struggle with all the time. How do I get better at this? How do I do more of this in a way that lets people see it, hear it and say, 'Oh, yeah.'"

In the months after Donald Trump's stunning victory in 2016, Warren staked out territory as a fierce opponent of the president's who saw larger forces at play in her party's defeat. While many Democratic leaders focused on Trump himself as the problem, Warren gave a series of look-in-the-mirror speeches. In the first, to the executive council of the A.F.L.-C.I.O. on Nov. 10, she said that although there could be "no compromise" on standing up to Trump's bigotry, millions of Americans had voted for him "despite the hate" — out of their deep frustration with "an economy and a government that doesn't work for them." Later that month, she gave a second speech behind closed doors to a group that included wealthy liberal donors and went hard at her fellow Democrats for bailing out banks rather than homeowners after the 2008 financial crisis. In another speech, in February 2017, to her ideological allies in the Congressional Progressive Caucus, Warren said: "No matter how extreme Republicans in Washington became, Democrats might grumble or whine, but when it came time for action, our party hesitated and pushed back only with great reluctance. Far too often, Democrats have been unwilling to get out there and fight."

https://www.boston.com/news/politics/2016/11/10/read-elizabeth-warrens-speech-about-working-with-president-elect-donald-trump
https://www.huffpost.com/entry/elizabeth-warren-obamacare-trump-democrats_n_582a4402e4b0c4b63b0e3988
https://www.huffpost.com/entry/elizabeth-warren-congressional-progressives_n_5895e6b5e4b0406131373015?guccounter=1

Warren fought in those early months by showing up at the Women's March and at Logan Airport in Boston to protest Trump's travel ban. On the Senate floor, opposing the nomination of Jeff Sessions to be Trump's first attorney general, she read a letter by Coretta Scott King criticizing Sessions for his record of suppressing the black vote in Alabama, and Republican leaders rebuked her and ordered her to stop. The moment became a symbol of the resistance, with the feminist meme "Nevertheless, She Persisted," a quote from the majority leader, Mitch McConnell, defending the move to silence her. Warren helped take down Trump's first choice for labor secretary, the fast-food magnate Andy Puzder (he called his own employees the "bottom of the pool"), and she called for an investigation of the Trump administration's botched recovery efforts in Puerto Rico after Hurricane Maria.

https://money.cnn.com/2017/01/23/news/kfile-puzder-best-of-the-worst/index.html

But somewhere along the way to announcing her candidacy, Warren's influence faded. She was no longer the kingmaker or queenmaker whose endorsement Hillary Clinton and Bernie Sanders avidly sought during their 2016 primary battle. When Warren failed to endorse Sanders, the left saw her decision as an act of betrayal, accusing her of propping up the Democratic establishment instead of trying to take it down. (When I asked Warren if she had regrets, she said she wasn't going to revisit 2016.) Sanders emerged as the standard-bearer of the emboldened progressive movement.

Trump, meanwhile, was going after Warren by using the slur "Pocahontas" to deride her self-identification in the 1980s and '90s as part Native American. In the summer of 2018, he said that if she agreed to take a DNA test in the middle of a televised debate, he would donate $1 million to her favorite charity. Warren shot back on Twitter by condemning Trump's practice of separating immigrant children from their parents at the border ("While you obsess over my genes, your Admin is conducting DNA tests on little kids because you ripped them from their mamas"). But a few months later, she released a video saying she had done the DNA analysis, and it showed that she had distant Native American ancestry. The announcement backfired, prompting gleeful mockery from Trump ("I have more Indian blood than she has!") and sharp criticism from the Cherokee Nation, who faulted her for confusing the issue of tribal membership with blood lines. Warren apologized, but she seemed weaker for having taken Trump's bait.

https://www.youtube.com/watch?v=RHzbdZuVyAM
https://www.nytimes.com/2018/10/17/us/politics/elizabeth-warren-dna-test.html?module=inline
https://www.nytimes.com/2019/02/01/us/politics/elizabeth-warren-cherokee-dna.html?module=inline

Sanders is still the Democratic candidate with a guru's following and a magic touch for small-donor fund-raising, the one who can inspire some 4,500 house parties in a single weekend. And he has used his big policy idea, Medicare for All, to great effect, setting the terms of debate on the future of health care in his party.

With four more years of Trump on the line, though, it's Joe Biden — the party's most known quantity — who is far out in front in the polls. Challenging Biden from the left, Warren and Sanders are not calling wealthy donors or participating in big-money fund-raisers. Sanders has been leading Warren in the polls, but his support remains flat, while her numbers have been rising, even besting his in a few polls in mid-June. Warren and Sanders are old friends, which makes it awkward when her gain is assumed to be his loss. Early in June, an unnamed Sanders adviser ridiculed Warren's electability by calling her DNA announcement a "debacle" that "killed her," according to U.S. News & World Report. A couple of weeks before the first Democratic primary debates, on June 26 and 27, I asked her what it was like to run against a friend. "You know, I don't think of this as competing," she responded. It was the least plausible thing she said to me.

https://www.nytimes.com/2019/06/08/us/politics/iowa-poll-2020-democrats.html?module=inline
https://www.usnews.com/news/the-report/articles/2019-06-07/how-bernie-sanders-political-revolution-ends

In March, Warren demonstrated her appetite for challenging the economic and political dominance of corporate titans by going directly at America's biggest tech companies. In a speech in Long Island City, Queens — where local protesters demanded that Amazon drop its plan to build a big new campus — Warren connected the companies' success at smothering start-up rivals to their influence in Washington. She remarked dryly that the large amounts that businesses like Facebook, Google, Amazon and Apple spend on lobbying is a "good return on investment if they can keep Washington from enforcing the antitrust laws." She wants to use those laws to break up the companies instead — a move that no other major American politician had proposed.

https://www.nytimes.com/2019/03/08/us/politics/elizabeth-warren-amazon.html?module=inline

After Warren started talking about the four tech giants, along with other critics, the Trump administration let it be known that it was scrutinizing them for potential antitrust violations. Conservatives have suspected social media platforms of bias against them for years, and with concerns about privacy violations escalating, big tech was suddenly a bipartisan target. Warren has specifics about how to reduce their influence; she wants to undo the mergers that allowed Facebook, for example, to snap up WhatsApp, rather than compete with it for users. Warren could unleash the power to bring major antitrust prosecutions without Congress — an answer to gridlock in Washington that's crucially woven into some of her other plans too. (Warren also favors ending the filibuster in the Senate.) Warren wants to prevent companies that offer an online marketplace and have annual revenue of $25 billion or more from owning other companies that sell products on that platform. In other words, Amazon could no longer sell shoes and diapers and promote them over everyone else's shoes and diapers — giving a small business a fair chance to break in.

"There's a concerted effort to equate Warren with Bernie, to make her seem more radical," says Luigi Zingales, a University of Chicago economist and co-host of the podcast Capitalisn't. But Wall Street and its allies "are more afraid of her than Bernie," Zingales continued, "because when she says she'll change the rules, she's the one who knows how to do it."

https://www.capitalisnt.com/

Warren's theory of American capitalism rests on two turning points in the 20th century. The first came in the wake of the Great Depression, when President Franklin D. Roosevelt seized the chance to protect workers and consumers from future economic collapse. While the New Deal is mostly remembered for creating much of the nation's social safety net, Warren also emphasizes the significance of the legislation (like the Glass-Steagall Act) that Democrats passed to rein in bankers and lenders and the agencies (the Securities and Exchange Commission and the Federal Deposit Insurance Corporation) that they put in place to enforce those limits. Warren credits this new regulatory regime, along with labor unions, with producing a golden era for many workers over the next four and a half decades. Income rose along with union membership, and 70 percent of the increase went to the bottom 90 percent. That shared prosperity built, in Warren's telling, "the greatest middle class the world had ever known."

Then came Warren's second turning point: President Ronald Reagan's assault on government. Warren argues that Reagan's skill in the 1980s at selling the country on deregulation allowed the safeguards erected in the 1930s to erode. Republicans seized on the opening Reagan created, and Democrats at times aided them. (Bill Clinton signed the repeal of Glass-Steagall in 1999.) That's how the country arrived at its current stark level of inequality. "The system is as rigged as we think," Warren wrote in her 2017 book "This Fight Is Our Fight" — in a riposte to Barack Obama, who insisted it was not, even as he recognized the influence of money in politics. This, Warren believes, is what Trump, who also blasted a rigged system, got right and what the Democratic establishment — Obama, both Clintons, Biden — gets wrong.

https://www.nytimes.com/2017/04/18/books/review/this-fight-is-our-fight-elizabeth-warren.html?module=inline

The challenge for Warren, going up against Trump, is that his slogan "drain the swamp" furthers the longstanding Republican goal of discrediting government, whereas Warren criticizes government as "a tool for the wealthy and well connected," while asking voters to believe that she can remake it to help solve their problems. Hers is the trickier, paradoxical sell.

Warren faces a similar challenge when she tries to address the fear some white voters have that their economic and social status is in decline. Trump directs his supporters to blame the people they see every day on TV if they're watching Fox News: immigrants and condescending liberal elites. Warren takes aim at corporate executives while pressing for class solidarity among workers across race and immigration status. Trump's brand of right-wing populism is on the rise around the world. As more people from the global south move north, it's harder than ever to make the case to all workers that they should unite.

It's a classic problem for liberals like Warren: Workers often turn on other workers rather than their bosses and the shadowy forces behind them. "Populism is such a slippery concept," Michael Kazin, a historian at Georgetown University and author of "The Populist Persuasion: An American History," told me. "The only real test is whether you can be the person who convinces people you understand their resentment against the elites. Trump did enough of that to win. Bernie Sanders has shown he can do it among young people. Can Elizabeth Warren pull it off? I'm not sure."

https://www.nytimes.com/1995/02/12/books/the-last-refuge-of-everybody.html?module=inline

It's an inconvenient political fact for Warren that she's far more associated with Harvard and Massachusetts, where she has lived for the last 25 years, than with Oklahoma, the childhood home that shaped her and where her three brothers still live and her family's roots are multigenerational. If you include Texas, where Warren lived in her early 20s and for most of her 30s, she spent three formative decades far from the Northeast.

When she was growing up, Warren's father worked as a salesman at Montgomery Ward and later as a janitor; neither of her parents went to college. (White women in this group broke for Trump by 61 percent in 2016, and white men supported him by 71 percent.) In the early 1960s, when Warren was 12, her father had a heart attack and lost his job in Oklahoma City. One day, after the family's station wagon was repossessed, her mother put on the one formal dress she owned, walked to an interview at Sears and got a job answering phones for minimum wage. This has become the story that Warren tells in every stump speech. She uses it to identify with people who feel squeezed.

https://www.vox.com/policy-and-politics/2017/9/18/16305486/what-really-happened-in-2016

There's another story that Warren tells in her book about the implications, for her own life, of her family's brush with financial ruin. Warren was going to George Washington University on a scholarship — "I loved college," she told me. "I was having a great time" — when an old high school boyfriend, Jim Warren, reappeared in her life.

He asked her to marry him and go to Texas, where he had a job at IBM. Warren knew her mother wanted her to say yes. "It was the whole future, come on," she told me. "I had lived in a family for years that was behind on the mortgage. And a secure future was a good man — not what you might be able to do on your own."

Warren dropped out of college to move to Houston with her new husband. "It was either-or," she said. Many women who make this choice never go back to school. But Warren was determined to become a teacher, so she persuaded Jim to let her finish college as a commuter student at the University of Houston for $50 a semester. After her graduation, they moved to New Jersey for Jim's next IBM posting, and she started working as a speech therapist for special-needs children.

Warren was laid off when she became pregnant, and after her daughter was born, she talked Jim into letting her go to law school at Rutgers University in Newark (this time the cost was $450 a semester). After she had her son, she came to terms with the fact that she wasn't cut out to stay home. "I wanted to be good at it, but I just wasn't," she told me.

In the late 1970s, she got a job at the University of Houston law school. She and her husband moved back to Texas. A couple of years later, when their daughter was in elementary school and their son was a toddler, the Warrens divorced. In her book, Warren writes about this from Jim's perspective: "He had married a 19-year-old girl, and she hadn't grown into the woman we both expected." (Jim Warren died in 2003.)

A year later, Warren asked Mann, whom she had met at a conference, to marry her. He gave up his job at the University of Connecticut to join her in Houston. At the university, Warren decided to teach practical classes, finance and business. In 1981, she added a bankruptcy class and discovered a question that she wanted to answer empirically: Why were personal bankruptcy rates rising even when the economy was on the upswing?

At first, Warren accepted the assumption that people were causing their own financial ruin. Too much "Tommy, Ralph, Gucci and Prada," a story in Newsweek called "Maxed Out" later declared. Along with two other scholars, Jay Westbrook and Teresa Sullivan, Warren flew around the country and collected thousands of bankruptcy-court filings in several states. "I was going to expose these people who were taking advantage of the rest of us by hauling off to bankruptcy and just charging debts that they really could repay," she said in a 2007 interview with Harry Kreisler, a historian at the University of California, Berkeley. But Warren, Westbrook and Sullivan found that 90 percent of consumer bankruptcies were due to a job loss, a medical problem or the breakup of a family through divorce or the death of a spouse. "I did the research, and the data just took me to a totally different place," Warren said.

https://www.newsweek.com/maxed-out-151607

That research led to a job at the University of Texas at Austin, despite the doubts some faculty members had about her nonselective university degrees. (Mann worked at Washington University in St. Louis.) They finally managed to get joint appointments at the University of Pennsylvania in 1987, and she stayed there until 1995.

During this period, Warren was registered as a Republican. (Earlier, in Texas, she was an independent.) Her political affiliation shifted around the time she began working on bankruptcy in Washington. More than one million families a year were going bankrupt in the mid-'90s, and Congress established the National Bankruptcy Review Commission to suggest how to change the bankruptcy code. The commission's chairman, former Representative Mike Synar of Oklahoma, asked Warren, now at Harvard Law School, to be his chief policy adviser. "I said, 'No, not a chance, that's political,'" Warren said in her interview with Kreisler. "I want to be pure. I want to be pristine. I don't want to muddy what I do with political implications."

But Synar persuaded Warren to join his team. It was a critical juncture. Big banks and credit-card companies were pushing Congress to raise the barriers for consumers to file for bankruptcy and harder for families to write off debt. Bill Clinton was president. He had run — much as Warren is running now — as a champion of the middle class, but early in his first term he began courting Wall Street. He didn't want to fight the banks.

Warren flew back and forth from Boston to Washington and to cities where the commission held hearings. It was her political education, and the imbalance of influence she saw disturbed her. The banks and lenders paid people to go to the hearings, wrote campaign checks and employed an army of lobbyists. People who went bankrupt often didn't want to draw attention to themselves, and by definition, they had no money to fight back.

By 1997, Warren had become a Democrat, but she was battling within the party as well as outside it. In particular, she clashed with Joe Biden, then a senator from Delaware. Biden's tiny state, which allowed credit-card companies to charge any interest rate they chose beginning in 1981, would become home to half the national market. Individuals who worked for one giant lender, MBNA, contributed more than $200,000 to Biden's campaigns over the years, according to the Center for Responsive Politics. Biden strongly supported a bill, a version of which was first introduced in 1998, to make it more expensive to file for bankruptcy and more difficult to leave behind debt. He was unpersuaded by Warren's charts and graphs showing how the change would increase the financial burden on families. "I am so sick of this self-righteous sheen put on anybody who wants to tighten up bankruptcy," Biden said during a Senate hearing in 2001.

https://www.opensecrets.org/members-of-congress/contributors?cid=N00001669&cycle=CAREER
https://www.vox.com/policy-and-politics/2019/5/6/18518381/baccpa-bankruptcy-bill-2005-biden-warren

The bankruptcy battles continued, and when Warren testified against the proposed changes to the bankruptcy code before the Senate in 2005, Biden called her argument "very compelling and mildly demagogic," suggesting that her problem was really with the high interest rates that credit-card companies were allowed to charge. "But senator," Warren answered, "if you are not going to fix that problem" — by capping interest rates — "you can't take away the last shred of protection from these families" that access to bankruptcy offers. The bill passed two months later.

Biden's team now argues that he stepped in to win "important concessions for middle-class families," like prioritizing payments for child support and alimony ahead of other debt. When I asked Warren in June about Biden's claim, she pursed her lips, looked out the window, paused for a long beat and said, "You may want to check the record on that." The record shows that Warren's focus throughout was on the plight of families who were going bankrupt and that Biden's was on getting a bill through. He supported tweaking it to make it a little less harmful to those facing bankruptcy, and the changes allowed it to pass.

In the years since it became law, the bankruptcy bill has allowed credit-card companies to recover more money from families than they did before. That shift had two effects, Matthew Yglesias argued recently in Vox. As Biden hoped, borrowers over all benefited when the credit-card companies offered slightly lowered interest rates. But as Warren feared, the new law hit people reeling from medical emergencies and other unexpected setbacks. Blocked from filing for bankruptcy, they have remained worse off for years. And a major effort to narrow the path to bankruptcy may have an unintended effect, according to a 2019 working paper released by the National Bureau of Economic Research, by making it harder for the country to recover from a financial crisis.

https://www.nber.org/papers/w25685

In 2001, a Harvard student named Jessica Pishko, an editor of The Harvard Women's Law Journal, approached Warren about contributing to a special issue. She didn't expect Warren to say yes. Students saw Warren as an example of female achievement but not as a professional feminist. "She didn't write about anything that could seem girlie," Pishko remembers. "She wasn't your go-to for feminist issues, and she was from that era when you didn't put pictures of your kids on your desk" to show that you were serious about your work. But Warren wanted to contribute. "She said: 'I'm doing all this research on bankruptcy, and I want to talk about why that's a women's issue. Can I do that?'"

The paper Warren produced, "What Is a Women's Issue?" was aggressive and heterodox. In it, she criticized the NOW Legal Defense and Education Fund for singling out Biden for praise in its annual report because he championed the Violence Against Women Act, which made it easier to prosecute domestic abusers. Warren thought his support for that law did not compensate for his role in pushing through the bankruptcy legislation, which she believed hurt women far more. "Why isn't Senator Biden in trouble with grass-roots women's groups all over the country and with the millions of women whose lives will be directly affected by the legislation he sponsors?" she asked. The answer raised "a troubling specter of women exercising powerful political influence within a limited scope, such as rape laws or equal educational opportunity statutes."

Warren wanted feminism to be wider in scope and centered on economic injustice. She urged students to take business-law classes. "If few students interested in women's issues train themselves in commercial areas, the effects of the commercial laws will not be diminished, but there will be few effective advocates around to influence those policy outcomes," she wrote. "If women are to achieve true economic equality, a far more inclusive definition of a women's issue must emerge."

She challenged standard feminist thinking again when she published her first book for a lay audience (written with her daughter), "The Two-Income Trap," in 2003. Warren argued that in the wake of the women's movement of the 1970s, millions of mothers streamed into the workplace without increasing the financial security of their families. Her main point was that a family's additional income, when a second parent went to work, was eaten up by the cost of housing, and by child care, education and health insurance.

https://www.nytimes.com/2003/09/04/business/economic-scene-necessities-not-luxuries-are-driving-americans-into-debt-new-book.html?module=inline

Conservatives embraced her critique more enthusiastically than liberals. Warren even opposed universal day care for fear of "increasing the pressure" to send both parents to work. She has shifted on that point. The child-care proposal she announced this February puts funds into creating high-quality child care but doesn't offer equivalent subsidies to parents who stay home with their children. Warren says she's responding to the biggest needs she now sees. More and more families are squeezed by the cost of child care; not enough of it is high quality; the pay for providers is too low. Warren is framing child care as a collective good, like public schools or roads and bridges.

"The Two-Income Trap" got Warren onto "Dr. Phil," giving her a taste of minor stardom and the appeal of a larger platform. When the financial crisis hit, she moved to Washington's main stage. At the invitation of Harry Reid, the Senate majority leader at the time, Warren led the congressional oversight panel tasked with overseeing the $700 billion Troubled Asset Relief Program that Congress created to save the financial system. In public hearings, Warren called out Timothy Geithner, Obama's Treasury secretary, for focusing on bailing out banks rather than small businesses and homeowners. Through a spokeswoman, Geithner declined to comment for this article. In his memoir, he called the oversight hearings "more like made-for-YouTube inquisitions than serious inquiries."

But Warren could see the value of the viral video clip. In 2009, Jon Stewart invited her on "The Daily Show." After throwing up from nerves backstage, she went on air and got a little lost in the weeds — repeating the abbreviation P.P.I.P. (the Public-Private Investment Program) and at first forgetting what it stood for. She felt as though she blew her opportunity to speak to millions of viewers. Stewart brought her back after the break for five more minutes, and she performed well, clearly explaining how the country forgot the lessons of the Great Depression and the dangers of deregulation. "We start pulling the threads out of the regulatory fabric," Warren said. She listed the upheavals that followed — the savings and loan crisis of the 1980s and 1990s, the collapse of the giant hedge fund Long-Term Capital Management in 1998 and the Enron scandal a few years later. "And what is our repeated response?" Warren said. "We just keep pulling the threads." Now that the government was trying to save the whole economy from falling off the cliff, there were two choices: "We're going to decide, basically: Hey, we don't need regulation. You know, it's fine, boom and bust, boom and bust, boom and bust, and good luck with your 401(k). Or alternatively, we're going to say, You know, we're going to put in some smart regulations ... and what we're going to have, going forward, is we're going to have stability and some real prosperity for ordinary folks."

http://www.cc.com/video-clips/ecpfjd/the-daily-show-with-jon-stewart-elizabeth-warren-pt--1
http://www.cc.com/video-clips/dbjssy/the-daily-show-with-jon-stewart-elizabeth-warren-pt--2

Stewart leaned forward and told Warren she had made him feel better than he had in months. "I don't know what it is that you just did right there, but for a second that was like financial chicken soup for me," he said.

"That moment changed my life," Warren later said. Stewart kept inviting her back. In 2010, Congress overhauled and tightened financial regulation with the Dodd-Frank Act. In the push for its passage, Warren found that she had the leverage to persuade Democratic leaders to create a new agency, the Consumer Financial Protection Bureau. Its job is to safeguard people from malfunctioning financial products (like predatory loans), much as the government protects them from — to borrow Warren's favorite analogy — toasters that burst into flames. Warren spent a year setting up the C.F.P.B. When Obama chose Richard Cordray over her as the first director because he had an easier path to Senate confirmation, progressives were furious.

https://www.facebook.com/watch/?v=10153171525303687

Warren was an unusual political phenomenon by then: a policy wonk who was also a force and a symbol. In 2012, she was the natural choice for Democrats recruiting a candidate to run against Senator Scott Brown of Massachusetts, a Republican who had slipped into office, after Ted Kennedy's death, against a weak opponent. Warren had another viral moment when a supporter released a homemade video of her speaking to a group in Andover. "You built a factory out there?" Warren said, defending raising taxes on the wealthy. "Good for you. But I want to be clear: You moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for. You didn't have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did." Brown called Warren "anti-free enterprise," and Obama, running for re-election, distanced himself in an ad shot from the White House ("Of course Americans build their own businesses," he said). But Warren's pitch succeeded. She came from behind in the race against Brown and won with nearly 54 percent of the vote.

https://www.youtube.com/watch?v=Z0yK5NakN2o

[How the Trump administration dismantled the C.F.P.B.]
https://www.nytimes.com/2019/04/16/magazine/consumer-financial-protection-bureau-trump.html?module=inline

Voters of color could determine the results of the 2020 presidential election. In the primaries, African-Americans constitute a large share of Democrats in the early-voting state of South Carolina and on Super Tuesday, when many other states vote. In the general election, the path to the presidency for a Democrat will depend in part on turning out large numbers of people of color in Southern states (North Carolina, Virginia, possibly Florida) and also in the Rust Belt, where the post-Obama dip in turnout among African-Americans contributed to Hillary Clinton's squeaker losses in Wisconsin and Pennsylvania.

Warren has work to do to persuade people of color to support her. In the last couple of Democratic primaries, these voters started out favoring candidates who they thought would be most likely to win, not those who were the most liberal. Black voters backed Hillary Clinton in 2008 until they were sure Barack Obama had enough support to beat her, and in 2016 they stuck with her over Bernie Sanders. This time, they have black candidates — Kamala Harris, Cory Booker and Wayne Messam — to choose from. And voters of color may be skeptical of Warren's vision of class solidarity transcending racial division. As it turned out, Warren's case that most white people voted for Trump because of economic distress, and "despite the hate," as she said right after the election, didn't really hold up. A study published last year found that among white voters, perceived racial or global threats explained their shift toward Trump better than financial concerns did. What does that say about the chances of winning as a liberal who tries to take the racism out of populism?

When Warren makes the case about what needs to change in America by leaning on the period from 1935 to 1980, she's talking about a time of greater economic equality — but also a period when people of color were excluded from the benefits of government policies that buoyed the white middle class. In a video announcing that she was exploring a presidential bid, Warren acknowledged that history by saying that families of color today face "a path made even harder by generations of discrimination." For example, the federal agency created during the New Deal drew red lines around mostly black neighborhoods on maps to deny mortgage loans to people who lived in them.

Warren spoke about this problem years before she went into politics. Redlining contributed to the racial wealth gap, and that had consequences Warren saw in her bankruptcy studies — black families were more vulnerable to financial collapse. Their vulnerability was further heightened by subprime and predatory lending. In "The Two-Income Trap," Warren called these kinds of loans "legally sanctioned corporate plans to steal from minorities."

In March, Warren took a three-day trip to the South. She started on a Sunday afternoon, with a town hall — one of 101 she has done across the country — at a high school in a mostly black neighborhood in Memphis. It's her format of choice; the questions she fields help sharpen her message. The local politicians who showed up that day were African-American, but most of the crowd was white.

The next morning, Warren drove to the Mississippi Delta. Her husband, Mann, was on spring break from teaching and along for the trip. Warren's staff welcomes his presence because Warren loves having him with her and because he's willing to chat up voters (who often call him "Mr. Warren"). In the small town of Cleveland, Miss., Warren sprang out of her black minivan in the parking lot of a church to shake the hand of an African-American state senator, Willie Simmons. They were meeting for the first time: He had agreed to take her on a walking tour after her campaign got in touch and said she wanted to learn about housing in the Delta.

Simmons and Warren set off down a block of modest ranch houses, some freshly painted, others peeling, preceded by TV crews and trailed by the rest of the press as her aides darted in to keep us out of the shot. The scrum made conversation stagy, but Simmons gradually eased into answering Warren's questions. He pointed out cracks in the foundations of some houses; the lack of money to repair old buildings was a problem in the Delta. They stopped at a vacant lot. The neighbors wanted to turn it into a playground, but there was no money for that either.

Warren nodded and then took a stab at communicating her ideas to the local viewers who might catch a few of her words that night. She hit the highlights of the affordable housing bill she released in the Senate months earlier — 3.2 million new homes over 10 years, an increase in supply that Moody's estimated would reduce projected rents by 10 percent. When the tour ended, Simmons told the assembled reporters that he didn't know whom he would support for president, but Warren got points for showing up and being easy to talk to — "touchable," he said.

https://www.theatlantic.com/politics/archive/2018/09/elizabeth-warrens-fix-americas-housing-crisis/571210/

That night, Warren did a CNN town hall at Jackson State University, the third historically black college she has visited this year. Warren moved toward the audience at the first opportunity, walking past the chair placed for her onstage. She laid out the basics of her housing bill, stressing that it addressed the effects of discrimination. "Not just a passive discrimination," Warren said. "Realize that into the 1960s in America, the federal government was subsidizing the purchase of homes for white families and discriminating against black families." Her bill included funds to help people from redlined areas, or who had been harmed by subprime loans, buy houses. The audience applauded.

Warren also said that night that she supported a "national full-blown conversation" about reparations for slavery and Jim Crow. She saw this as a necessary response to the stark wealth gap between black and white families. "Today in America — because of housing discrimination, because of employment discrimination — we live in a world where the average white family has $100 and the average black family has about $5." Several Democratic candidates have said they support a commission to study reparations. Ta-Nehisi Coates, author of the influential 2014 Atlantic article "The Case for Reparations," said in a recent interview with The New Yorker that Warren was the candidate whose commitment seemed real because she had asked him to talk with her about his article when it came out years ago. "She was deeply serious," Coates said.

Warren is often serious and doesn't hesitate to convey her moral outrage. "I'll own it," she told me about her anger. She talked about women expressing to her their distress about sexual harassment and assault. "Well, yeah," Warren said. "No kidding that a woman might be angry about that. Women have a right to be angry about being treated badly."

Trump gets angry all the time; whether a woman can do the same and win remains a question. Warren's campaign is simultaneously working in another register. On Twitter, it has been posting videos of Warren calling donors who have given as little as $3. They can't believe it's her. When the comedian and actress Ashley Nicole Black tweeted, "Do you think Elizabeth Warren has a plan to fix my love life?" Warren tweeted back and then called Black, who finished the exchange with a fan-girl note: "Guess who's crying and shaking and just talked to Elizabeth Warren on the phone?!?!? We have a plan to get my mom grandkids, it's very comprehensive, and it does involve raising taxes on billionaires."

https://twitter.com/ashleyn1cole/status/1129831879614451712

After Trump's election, Warren and Sanders said that if Trump followed through on his promise to rebuild the economy for workers and their families, they would help. If Trump had championed labor over corporations, he could have scrambled American politics by creating new alliances. But that version of his presidency didn't come to pass. Instead, by waging trade wars that hurt farm states and manufacturing regions more than the rest of the country, Trump has punished his base economically (even if they take satisfaction in his irreverence and his judicial appointments).

Warren has been speaking to those voters. In June, she put out an "economic patriotism" plan filled with ideas about helping American industries. By stepping into the vacuum for economic populism the president has left, Warren forced a reckoning on Fox News, Trump's safe space on TV, from the host Tucker Carlson. Usually a Trump loyalist, he has recently styled himself a voice for the white working class.

Carlson opened his show by using more than two minutes of airtime to quote Warren's analysis of how giant American companies are abandoning American workers. Carlson has warned that immigrants make the country "poorer and dirtier" and laced his show with racism, but now he told his mostly Republican viewers: "Ask yourself, what part of the statement you just heard did you disagree with?" He continued, "Here's the depressing part: Nobody you voted for said that or would ever say it." The next day, a new conservative Never Trump website called The Bulwark ran a long and respectful essay called "Why Elizabeth Warren Matters."

https://thebulwark.com/why-elizabeth-warren-matters/

A month earlier in Mingo County, W.Va., where more than 80 percent of voters cast a ballot for Trump, Warren went to a local fire station to talk about her plan for addressing the opioid crisis. It's big: She wants to spend $100 billion over 10 years, including $50 million annually for West Virginia, the state with the highest rate of deaths from drug overdoses. In Trump's latest budget, he has requested an increase of $1.5 billion to respond directly to the epidemic. Against a backdrop of firefighters' coats hanging in cinder-block cubbies, Warren moved among a crowd of about 150. Many hands went up when she asked who knew someone struggling with opioids. She brought up the role of "corporations that made big money off getting people addicted and keeping them addicted." People with "Make America Great Again" stickers nodded and clapped, according to Politico.

https://www.wsaz.com/content/news/Elizabeth-Warren-to-visit-Mingo-County-509536891.html
https://www.politico.com/story/2019/05/11/warren-west-virginia-2020-1317611

If Warren competes for rural voters in the general election (if not to win a red state then to peel off enough of them to make a difference in a purple one), her strong support for abortion rights and gun control will stand in her way. Lately, she has framed her argument for keeping abortion clinics open in economic terms, too. "Women of means will still have access to abortions," she said at a town hall on MSNBC hosted by Chris Hayes of the effects of new state laws aimed at closing clinics. "Who won't will be poor women, will be working women, will be women who can't afford to take off three days from work, will be very young women." She finished by saying, "We do not pass laws that take away that freedom from the women who are most vulnerable."

https://www.theguardian.com/us-news/2019/jun/02/elizabeth-warren-san-francisco-democrats-virginia-beach-shooting

Biden and Sanders have been polling better with non-college-educated white voters than Warren has. David Axelrod, the former Obama strategist and political commentator, thinks that even if her ideas resonate, she has yet to master the challenge of communicating with this group. "She's lecturing," he said. "There's a lot of resistance, because people feel like she's talking down to them."

https://www.cnn.com/2019/05/18/politics/elizabeth-warren-bernie-sanders-poll-of-the-week/index.html

Warren didn't sound to me like a law professor on the trail, but she did sound like a teacher. Trying to educate people isn't the easiest way to connect with them. "Maybe she could bring it down a level," Lola Sewell, a community organizer in Selma, Ala., suggested. "A lot of us aren't involved with Wall Street and those places."

Warren may also confront a double bind for professional women: To command respect, they have to prove that they're experts, but once they do, they're often seen as less likable. At one point, I asked Warren whether there was anything good about running for president as a woman. "It is what it is," she said.

When I first talked with Warren in February, when her poll numbers were low, I wondered whether she was content with simply forcing Democratic candidates to engage with her ideas. During the 2016 primaries, when Warren did not endorse Sanders, she wanted influence over Hillary Clinton's economic appointments should she win the presidency. Cleaving the Democratic administration from Wall Street — that was enough at the time. She could make a similar decision in 2020 or try to get her own appointment. If Warren became Treasury secretary, she could resuscitate the Consumer Financial Protection Bureau, which Trump has worked to declaw, and tip all kinds of decisions away from banks and toward the families who come to her town halls and tell her about the loans they can't pay.

By mid-June, however, when I went to Washington to talk to Warren for the last time, she was very much in the race. New polls showed her in second place in California and Nevada. She had more to lose, and perhaps as a result, her answers were more scripted, more like her speeches.

Warren, like everyone in the race, has yet to prove that she has the political skills and broad-enough support to become president. But a parallel from another country suggests that perhaps bearing down on policy is the best strategy against right-wing populism. Luigi Zingales, the University of Chicago economist, comes from Italy, and he feared Trump's rise back in 2011, having watched the ascension of Silvio Berlusconi, the corrupt billionaire tycoon who was elected prime minister of Italy in the 2000s as a right-wing populist. After Trump's victory in 2016, Zingales pointed out in a New York Times Op-Ed that the two candidates who defeated Berlusconi treated him as "an ordinary opponent," focusing on policy issues rather than his character. "The Democratic Party should learn this lesson," Zingales wrote. He now thinks that Warren is positioned to mount that kind of challenge. "I think so," he said, "if she does not fall for his provocations."

https://www.nytimes.com/2016/11/18/opinion/the-right-way-to-resist-trump.html?module=inline

Warren and I met in her Washington apartment. The floor at the entrance had been damaged by a leak in the building, and the vacuum cleaner was standing next to the kitchen counter. I said I was a bit relieved by the slight disarray because her house in Cambridge was so supremely uncluttered, and she burst out laughing. She sat on the couch as we spoke about the indignities to come, the way in which her opponents — Biden, Trump, who knew who else — would try to make her unrecognizable to herself. What would she do about that? Warren leaned back and stretched her feet out, comfortable in gray wool socks. "The answer is, we've got time," she said. "I'll just keep talking to people — I like talking to people."
Correction: June 19, 2019

An earlier version of this article referred imprecisely to contributions made to the Senate campaigns of Joseph R. Biden Jr. These contributions came from individuals who worked for MBNA, not from the company itself. The article also misstated the number of years between Senator Warren's divorce and her marriage proposal to her current husband, Bruce Mann. The proposal came one year after her divorce, not two.

Emily Bazelon is a staff writer for the magazine and the author of "Charged: The New Movement to Transform American Prosecution and End Mass Incarceration."

https://www.nytimes.com/2019/04/08/books/review/emily-bazelon-charged.html

A version of this article appears in print on June 23, 2019, on Page 24 of the Sunday Magazine with the headline: Elizabeth Warren Has an Answer for Everything. Is That Enough?. Order Reprints | Today's Paper | Subscribe