Elizabeth Warren's Powerful Speech: Supreme Court Is on the Path to Being a "Wholly Owned Subsidiary of Big Business"
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The following is taken from a transcript of Sen. Elizabeth Warren's remarks to the AFL-CIO convention in Los Angeles on September 8.
When important decisions are made in Washington, too often, working families are ignored. From tax policy to retirement security, the voices of hard-working people get drowned out by powerful industries and well-financed front groups. Those with power fight to take care of themselves and to feed at the trough for themselves, even when it comes at the expense of working families getting a fair shot at a better future.
This isn’t new. Throughout our history, powerful interests have tried to capture Washington and rig the system in their favor. But we didn’t roll over. At every turn, in every time of challenge, organized labor has been there, fighting on behalf of the American people.
At the beginning of the 20th Century, when factories were deathtraps, when owners exploited workers and children, and when robber barons amassed the kind of power and influence that made them think they were modern day kings, the American people came together under the leadership of progressives to bring our nation back from the brink. And labor was there, leading the way.
Labor was on the front lines to take children out of factories and put them in schools. Labor was there to give meaning to the words "consumer protection" by making our food and medicine safe. Labor was there to fight for minimum wages in states across this country.
Powerful interests did everything they could to block reform. But our agenda was America’s agenda, and we prevailed.
A generation later, when our country was mired in the Great Depression, when people were on bread lines and looking for work, we fought back. We created jobs by investing in infrastructure and public works. We brought light and power to our poorest and most remote areas. We established federal laws on wages and hours. We enshrined into law the right to organize. We made banking boring and put real cops on the beat on Wall Street. And because we believed those in old age should not be mired in poverty, we created Social Security. And all along that journey, labor was there, leading the way.
Once again, the powerful interests did everything they could to stop it. But our agenda was America’s agenda, and we prevailed.
When political injustice threatened to break our democracy, members of the labor movement were there, working for jobs and freedom, marching right alongside the Reverend Dr. King, fighting together for the Civil Rights Act and the Voting Rights Act.
When hard working families were getting squeezed, labor was there, fighting alongside our beloved Ted Kennedy, and now we have the Family and Medical Leave Act, we have the Lilly Ledbetter Act, and we have continued to protect Medicare.
And in 2008, when the economy crashed and it was time to reign in financial predators and Wall Street banks, labor was there—you were there—standing shoulder to shoulder with me, standing with President Obama, and fighting for consumer protection. And thanks to those efforts, we now have a strong Consumer Financial Protection Bureau – with a confirmed Director to lead it. And just so everyone knows, that little agency has already returned half a billion dollars to families who were cheated by big financial institutions and helped tens of thousands of consumers solve their problems with big banks.
In every fight to build opportunity in this country, in every fight to level the playing field, in every fight for working families, we have been on the front lines because our agenda is America’s agenda.