Originally published at: BACK TO THE USSR! Elizabeth Warren Proposes ‘Department of Economic Development’ to Regulate Economy | Sean Hannity
Rising Democratic hopeful Elizabeth Warren vowed to promote “Economic Patriotism” in a new campaign ad this week; proposing the creation of a “Department of Economic Development” to regulate large corporations.
“A lot of giant companies refer to themselves as ‘American.’ But let’s face it, they only have one real loyalty: Their shareholders. A Warren administration will halt the hollowing out of American cities and create good American jobs. Here’s how,” she posted on social media.
A lot of giant companies refer to themselves as “American.” But let’s face it, they only have one real loyalty: Their shareholders. A Warren administration will halt the hollowing out of American cities and create good American jobs. Here’s how. pic.twitter.com/pX0VpRXqqR
— Elizabeth Warren (@ewarren) August 25, 2019
“They have no loyalty or allegiance to America. Levi’s blue jeans? Only two percent of their factories are here in America,” Warren said. “The maker of the famous No.2 pencil — they make most of those pencils in China and Mexico. And General Electric — they recently shipped jobs from Wisconsin, across the border to Canada.”
“If they can close up an American factory and ship jobs overseas to save a nickel, that is exactly what they’ll do,” she continued. “In a Warren administration, government policy will support American workers. I call it ‘Economic Patriotism.'”
“This new agency will have a single mission,” she added, referring to the Department of Economic Development. “Defend and create American jobs. And we’ll direct the new agency to use aggressive new tools… [and] we’ll use them to boost American workers.”
Read the full report at Fox News.
