Wall Street asks: Do you want Elizabeth Warren in the Senate?

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    Wall Street asks: Do you want Elizabeth Warren in the Senate?

    The NY Times, whose arrogant editors feature the "Xyz Journal" once in a while--meaning a few hours spent in Xyz (ugh! phew!)--recently reported Wall Street financiers going slumming in New England: to support their sometimes-hero, Scott Brown, and oppose their always-villain, Elizabeth Warren, for Senate in Massachusetts. [ Nicholas Confessore, Vilifying rival, Wall Street rallies for senate ally, November 19, 2011, at http://www.nytimes.com/2011/11/19/us/politics/wall-street-rallies-around-scott-brown-for-senate-race.html ]

    Actually, Daddy Warbucks and his clan were not venturing far into New England--only as far as New Canaan, CT, where some of the clan happen to live. According to the Times, an invitation for hedge fund and venture executives to meet at The Country Club in New Caanan read, "Senator Brown is a free-market advocate who believes that our strength as a nation comes from the ingenuity and hard work of its people."

    Sen. Brown's "ingenuity and hard work" consisted mostly of help, last year, in removing "a proposed $19 billion bank tax and weakening a proposal to stop commercial banks from holding large interests in hedge funds and private equity funds." Guess whose ox might have been gored?

    Then, however, Sen. Brown provided the 60th Senate vote that was critical to passing the financial regulation bill--a switch-hitter. The Times quotes an unnamed participant, summarizing the Massachusetts Senate race, "It's about: do you want Elizabeth Warren in the Senate?"

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    Warren for Senate

    Belatedly, we do want Warren for Senate.

    We were among frustrated supporters of McGovern in 1972, who would doubtless have been disappointed had the impossible happened then. So we're not likely to put much faith in miracles now.

    Despite ranting over the Globe's supposedly Saturnalian politics, the NY Times has actually produced much more coverage of the Warren campaign. It's even starting to feel like Boston has become an outpost in Greater New York City.

    The latest of this just appeared. [ Rebecca Traister, Heaven is a place called Elizabeth Warren, New York Times, posted November 18, 2011, at http://www.nytimes.com/2011/11/20/magazine/heaven-is-a-place-called-elizabeth-warren.html?_r=1&hpw=&pagewanted=all ]

    As a caution to overly enthusiastic partisans, Ms. Traister observes that "engagement [of politically aligned supporters] must deepen, broaden and persist...well beyond next year's elections if there is any chance for politicians like Warren to succeed."