Elizabeth Warren to Run for Senate in Massachusetts

Elizabeth Warren is officially running for the Senate seat held by Scott Brown.

There are several reasons to cheer this. For starters, she is the most compelling new progressive leader to come along in many a year. At a time with few genuine public figures who command admiration, Warren is one.

She knows how to play inside politics brilliantly, but is also a figure of rare integrity on rallying the spirits of a grass roots progressive base.

As chair of the Congressional Oversight Panel, Warren was the de facto leader of the loyal opposition to the Treasury and White House team advising Barack Obama on the financial crisis. Their view: do whatever it took to prop up the big banks, however rotten. Her view: do an honest assessment of their balance sheets, use bankruptcies where necessary, and come out the other side with strong, independent institutions.

Their view has prolonged the recession. Hers would have jump-started a recovery.

Despite crossing swords with Geithner for two years, such was Warren’s presence and public appeal that President Obama nonetheless gave her a White House appointment to set up the new consumer bureau. In the end, the president decided not to risk a Pyrrhic confirmation battle to try getting her the job on a permanent basis.

But I’ve long felt that she and this republic are better served by Warren making the senate run.

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