Is Elizabeth Warren a Communist dictator? The question comes after a political ad that presents the Consumer Financial Protection Bureau as a Soviet-like organization, followed by a Twitter rebuttal, according to News Max.
The fear-filled ad against Warren, which cost $500,000 to run and was paid for by the American Action Network, ran several times during Tuesday night’s debate. Its heavy Soviet overtones led Elizabeth to tweet during the debate that it made her “look like a Commie dictator.”
“They call it CFPB, Washington’s latest regulatory agency, designed to interfere with your personal financial decisions,” a voice says during the ad, as robotic employees stamp “DENIED” on any and all loan applications. “Washington, D.C. controlling your decisions. Limiting your opportunity. Tell Congress to stop the CFPB now, before they deny you.”
In the alleged Elizabeth Warren commie dictator ad, it showed a back room, where you can see two faces in giant red banners. One features CFPB director Richard Cordray. The other features U.S. Senator, the CFPB’s primary founder.
So… Can we talk about that ad that just ran during the #GOPDebate where I look like a Commie dictator?
— Elizabeth Warren (@elizabethforma) November 11, 2021
The Consumer Financial Protection Bureau was created in 2011 as part of the Dodd-Frank financial reform act. The independent agency was designed as a check on financial misconduct and is tasked with investigating companies that offer shady credit cards, mortgages, and student loans.
Ever a defender of her creation, Elizabeth Warren posted a series of tweets that lauded its work reigning in banks, railed against the anti-CFPB campaign, and accused Wall Street and “GOP buddies” of being behind the alleged commie dictator ad.
The AAN said it “visualizes the consequences of CFPB’s reckless regulations issued under the guise of protecting consumers.”
“It’s time to start a national conversation about the 500 major regulations issued under this administration, especially through the unaccountable CFPB,” said AAN president Mike Shields upon the ad’s release today. “Elizabeth Warren’s CFPB is unilaterally handing down regulations that ultimately hurt the people they claim to be helping, particularly middle- and lower-income Americans trying to get ahead in a terrible economy.”
“We want voters to know the truth about this rogue agency and to call on national leaders and Congress to stop the CFPB.”
That prompted the twitter discussion. Elizabeth Warren’s commie dictator ad stirred her to writing the following: “Wall Street has a problem: They know the @CFPB is working, & it’s incredibly popular with the families it helps. The @CFPB has forced the big financial companies to return more than $11B to people they cheated on credit cards, mortgages, etc. Thousands of dollars on a TV ad is nothing compared to the money the big banks save if their GOP buddies go after the#GOPDebateWall Street knows if they soften @CFPB support, the GOP will feel better undercutting the agency in closed-door deals.
And that’s when Elizabeth Warren went for the jugular, wait for it: “So here’s my message to Wall Street & their GOP buddies: we’re ready to fight back to protect the #GOPDebate/”
Elizabeth Warren’s commie dictator ad prompted her response almost immediately on Tuesday. She was the primary force behind the CFPB’s creation, but was not nominated to lead it because of heavy Republican opposition. Instead, she ran for U.S. Senate in Massachusetts.