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Washington
Inside Washington (09/06/2012)
  • WASHINGTON (9/7/12)--During speeches at the Democratic National Convention Wednesday, Democrats rebutted Republican charges that President Barack Obama is stifling the economy through overregulation. Massachusetts Senate candidate Elizabeth Warren, who helped form the Consumer Financial Protection Bureau, shaped Obama administration's efforts to employ the reforms of the Dodd-Frank Act as a battle to clean up Wall Street and a fight for the middle class. "President Obama believes in a level playing field," Warren told DNC delegates and attendees. "He believes in a country where nobody gets a free ride or a golden parachute, a country where anyone who has a great idea and rolls up their sleeves has a chance to build a business, and anyone who works hard can build some security and raise a family." In her speech, California Attorney General Kamala Harris said rules are necessary to create a level playing field. "We've all seen what happens when you roll back those rules," Harris said. "What happens are rows of foreclosure signs. What happens are mountains of family debt. What happens is a middle class that's hurting" …


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