Is Liz Warren so far left that even Barack Obama needs to distance himself from her?
Last week saw the president backing away from his anti-free market tirade that, “If you’ve got a business, you didn’t build that.”
The president now claims that his words were taken out of context. But it is clear from the entirety of the speech that Obama’s finger-wagging lecture was deliberately cribbed from Warren’s earlier “nobody got rich on his own” rant.
Warren’s remarks, delivered in 2011, were a deeply ideological defense of redistributive economics.
“You built a factory out there? Good for you,” Warren said dismissively. “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.”
And so, the Harvard professor concluded, those who own businesses owe it to “the rest of us” to pay up. “Part of the underlying social contract,” Warren said, “is, you take a hunk of that and pay forward.”