David L. Bahnsen - Elizabeth Warren: How Her Presidency Would Destroy the Middle Class and the American Dream

Advance Praise for Elizabeth Warren

The choices in the 2020 election couldnt be more stark: Socialism or Capitalism. A buoyant, opportunity-rich economy. Or economic stagnation and evermore social strife. This well-written, lucid, always-interesting book convincingly makes the case for freedom over tyranny. Essential reading!

Steve Forbes, Chairman & Editor-in-Chief, Forbes Media

What a great political and economic anomaly: The populist Left, championed by Elizabeth Warren, is determined to vanquish wealththe thing most essential to the investment, productivity, and growth desperately needed to underwrite the evermore ambitious progressive agenda. Here, David Bahnsen, a brilliant financial analyst with a keen political eye, provides the antidote to Senator Warrens nostrums, and a Hazlitt-esque Capital in One Lesson for the rest of us.

Andrew C. McCarthy, National Review , New York Times Bestselling Author

Hot off his brilliant book, Crisis of Responsibility , David Bahnsen turns his keen eye on the crisis that is Elizabeth Warren and her plans to dismantle the free market system. Its a must read for those who want to know what might be in store for America under a Warren presidency. Warren is a peculiar mix of progressive passions and pathologies: the populist technocrat. Rather than a pitchfork, she wields her plans, which have less to do with actual public policy and more to do with making her agenda sound less than radical than it really is. David does a masterful job of pulling back the curtain and exposing Warrens plans for what they really are.

Jonah Goldberg, Asness Chair in Applied Liberty,
American Enterprise Institute

David Bahnsen combines a cool-eyed sensibility with blessedly jargon-free prose to build an impregnable case against Elizabeth Warren. This is an impressive polemic.

John Podhoretz, Editor-in-Chief, Commentary

In this engaging and incisive book, David Bahnsen lays bare the damage an Elizabeth Warren presidency would do to this country. David clearly details how every one of Warrens favored policiesfrom Medicare for All to the Green New Deal and beyondwould bury the middle class in taxes and red tape. This book is a must-read for anyone interested in politics and policyand adroitly explains whats at stake in the 2020 presidential election.

Sally C. Pipes, CEO, Pacific Research Institute

If Elizabeth Warren has a plan for everything, then David Bahnsen has the response. Davids book is a thorough, fair-minded, and comprehensive rebuttal to Warrens ideological project. Its a serious response to serious proposals, and its a vital read for every American whos engaged in the battle of ideas.

David French, Senior Editor, The Dispatch

With her relentless insistence that she has a plan for all aspects of American life, Elizabeth Warren has become the poster-child of the Democratic Partys dramatic leftward rush. In this timely book, David Bahnsen dismantles Warrens fanatical agenda brick by brick, revealing it to be ignorant, dangerous, innumerate and, ultimately, immoral.

Charles Cooke, Editor, NationalReview.com

With cool precision and careful documentation, David Bahnsen makes intellectual mincemeat of Elizabeth Warrens economically illiterate zero-sum thinking and her class-warfare politics. From wealth taxes to energy policy, Warren has shown herself to be more interested in punishment than in progresseven if that means making middle-class and low-income Americans worse off in the process. Bahnsen runs the numbers, walks the reader through the relevant economics and policy questions, and leaves no room for doubt about what exactly it is that Elizabeth Warren is and what she represents.

Kevin D. Williamson, Roving Correspondent, National Review

Elizabeth Warren isnt merely a candidate for president; she stands for a progressive worldview with a long pedigree and, unfortunately, an influential future. In this important book, David Bahnsen makes a withering critique of Warrens agenda and her premises that is all the more devastating for its factual nature and reasoned tone. Cogent, well-informed, and persuasive, Bahnsens book is a guide to how to think about the debate over the future of our country.

Rich Lowry, Editor, National Review

Also by David L. Bahnsen

The Case for Dividend Growth:
Investing in a Post-Crisis World

Crisis of Responsibility:
Our Cultural Addiction to Blame
and How You Can Cure It

A POST HILL PRESS BOOK

ISBN: 978-1-64293-533-2

ISBN (eBook): 978-1-64293-534-9

Elizabeth Warren:

How Her Presidency Would Destroy the Middle Class and the American Dream

2020 by David L. Bahnsen

All Rights Reserved

Cover art by Mina Widmer

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author and publisher.

Post Hill Press

New York Nashville

posthillpress.com

Published in the United States of America

For my son, Mitchell,

whose own intellectual journey is discovering, and will surely

continue to discover, the dangers of leftist progressivism.

And whose life and legacy I pray will be defined by

achievement, productivity, and aspiration

not envy, resentment, and blame.

There is a good life to be had, son.

And no substitute for God will ever suffice.

Contents

by Sally C. Pipes

I s the next Democratic president a former Republican? Elizabeth Warren and her band of supporters hope so.

The senior senator from Massachusetts did not join the Democratic Party until 1996, at the age of forty-seven. Shes made up for lost time, by serving as a vanguard for progressive and populist causes since her conversion.

Elizabeth Warrens march leftward has culminated with her presidential campaign. Shes captivated many Democrats as the candidate with a plan for everything. Those plans represent the most serious threat to free markets, individual liberty, and the American Dream in decades.

In this engaging and incisive book, David Bahnsen lays bare the huge costs an Elizabeth Warren presidency would inflict on the United States.

Every one of her favored policiesfrom Medicare for All and the Green New Deal to her planned war on the financial industry and her antipathy to school choicewould undermine the interests of the middle-class Americans shes vowed to protect.

Take Warrens approach to health care reform. She proposes to nationalize the provision of health benefits in this country. Shed outlaw private health insurance and force employers to redirect the money they were spending on health benefits to the federal Treasury. Shed raise taxes by trillions of dollars. Shed slash payments to hospitals and doctorseven as she invited unlimited demand for care from patients by making it free at the point of service.

The result, as Bahnsen adroitly explains, would be long waits for poor care, at great monetary and human cost.

The story is much the same for every other public policy issue. Warren envisions an all-powerful central government banning things that dont line up with the far-left consensus, extracting ever-greater sums from Americans pockets, and lavishing state subsidies on favored constituencies.