CNN Hypes Warren's Wall Street Plan, Sciutto Says It's 'Not Wackadoodle, Far-Left'

July 18th, 2019 10:21 PM

On Wednesday, CNN host Jim Sciutto condemned Sen. John Kennedy (R-La.) for daring to question the patriotism of "The Squad" and calling them "whack jobs." On Thursday, Sciutto sounded a similar note while promoting Sen. Elizabeth Warren's Wall Street proposals as "not wackadoodle, far-left ideas." This segment sounded like an infomercial, or a press release service.


POPPY HARLOW: Senator Elizabeth Warren has made herself a name that she's embracing, you know, having a plan for that. She's got another one this morning, this is about taking on Wall Street.

JIM SCIUTTO: Another way she's made a name for herself, moments ago, the 2020 candidate releasing part two of her economic patriotism theme that includes limiting the compensation of big bank executives. MJ Lee joins us now with more on Warren. You have to tell me how many plans we're up to now with this. Well, that has been a signature of her campaign, is releasing very specific plans. But how many so far and tell us details of this one.

MJ LEE, CNN POLITICAL CORRESPONDENT: Yes, well, Elizabeth Warren today is returning to the very issue that really helped launch her political career, and that is reining in Wall Street. You know, even before she ran for Senate in Massachusetts, it was her work before and after the financial crisis, that made her this national figure.

Notice they just accept Warren's "economic patriotism" lingo. Scuitto said nothing about the suggestion that if you do not support left-wing economic policy, then you're not that patriotic. And then secondly, Sciutto appears to have no problem with the government dictating how much money one should be allowed to make. 

Lee would then further explain what Warren's plan would mean: "She wants toughen rules on bank executives and the compensation and bonus they receive. So essentially if they're making bad investments, they shouldn't be getting the big paycheck."

After being asked by Harlow about "what does she mean by bad investments," Lee continued: "She's talking about, she is making the case and she has said this for many years of her career that she feels as though it's the big banks who are drawing these big profits including private equity firms, even though those profits do not get passed down to the workers of the companies."  

According to Warren, government, which does not exactly have a sterling record when it comes to "investments," should be able to dictate the salary of private citizens when those private citizens make bad investments. Meanwhile, government will continue to "invest" with no consequences for its bad investments, but don't worry, because according to Sciutto, "Some of these are not wackadoodle, you know, far-left ideas."

Earlier: When CNN sounded like an infomercial selling Kamala Harris and her "unapologetic populism"