The Massachusetts Senate candidate Wall Street most fears is now the target of a new advertisement that attacks her for being too pro-Wall Street.
Welcome to backwards day.
The ad, released by former Bush strategist Karl Rove’s Crossroads GPS group, suggests that Harvard professor Elizabeth Warren was somehow responsible for bailing out irresponsible banks (she wasn’t), which later gave their executives massive bonuses.
“Later, Warren went on a ‘charm offensive’ with some of the same banks who got bailed out,” the ad claims. “Tell Professor Warren, we need jobs, not more bailouts and bigger government.”
Warren, a fierce opponent of Wall Street’s most irresponsible practices, came to her political fame by helping President Barack Obama and fellow Democrats design the Consumer Financial Protection Bureau, which she was originally nominated to lead. Senate Republicans, however, stood shoulder-to-shoulder to block her confirmation, and the president ultimately relented, choosing instead to pick someone else.
“This makes no sense,” Obama said. “Consumers across the country understand part of the reason we got into the financial mess we did is because regulators are not doing their jobs.”
It’s not the first time Warren, now running against Sen. Scott Brown (R-MA), has been attacked by Crossroads GPS. In their last ad against her, Rove’s group went in the opposite direction, suggesting that she’s really one of the founders of “Occupy Wall Street,” the trans-partisan grassroots movement pushing for more and better jobs, along with financial and monetary reforms.
“[If] we’re seen as defenders of quote, Wall Street, end quote, we’ve got a problem,” he told the group, insisting that they focus on “big government,” jobs and bailouts instead of corporate malfeasance.
A recent University of Massachusetts poll found that Warren is leading Brown 49 percent to 42 percent. The survey also found that Rove’s last ad drove negative perceptions of Warren up, from 18 percent to 27 percent.
This ad is from Crossroads GPS, published Thursday, Dec. 8, 2011.
Stephen C. Webster is the senior editor of Raw Story, and is based out of Austin, Texas. He previously worked as the associate editor of The Lone Star Iconoclast in Crawford, Texas, where he covered state politics and the peace movement’s resurgence at the start of the Iraq war. Webster has also contributed to publications such as True/Slant, Austin Monthly, The Dallas Business Journal, The Dallas Morning News, Fort Worth Weekly, The News Connection and others. Follow him on Twitter at @StephenCWebster.
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