I wouldn’t give Elizabeth Warren all the credit for derailing Larry Summers’ rise to Fed Chairman, but I don’t really mind if she gets all the credit anyway. Of course, that doesn’t mean that I want people to ignore the role played by Sens. Sherrod Brown of Ohio, Jeff Merkley of Oregon, and Jon Tester of Montana. I strongly supported all four of the them when they ran for the Senate, and it has paid off. As I said earlier, I don’t think Ms. Yellin is really that preferable to Summers, but I don’t mind someone finally being held responsible for being wrong in Washington DC. Back in 2002, there were hardly any progressives in the Senate at all. Today, there are enough on the banking committee that a Clinton deregulator got knee-capped. I’d say that that is a case of progressives making progress.
In any case, Sen. Warren’s star is rising, and that can’t be a bad thing.
