Elizabeth Warren, a Massachusetts candidate for Congress, tore into Mitt Romney at a fundraiser for President Obama’s re-election campaign in Boston Monday.
Warren, an outspoken critic of Wall Street who led Obama’s Consumer Financial Protection Bureau until a year ago, resurfaced a favorite Romney gaffe of the left about corporations being people.
While campaigning last summer, Romney countered a heckler shouting for higher taxes on corporations with the following: “Corporations are people my friend,” he said.
“No, Mitt, corporations are not people,” Warren told the crowd in Boston. “People have hearts. They have kids. They get jobs…They love and they cry. They live and they die. Learn the difference.”
The crowd whooped.
The Daily Rundown replayed Warren's comments Tuesday (video above). Host Chuck Todd wondered if it might be a preview of Warren's speech at the Democratic National Convention in Charlotte, N.C., in September.
Warren’s comments reflect not only her typical talking points but also the Obama campaign’s narrative it has crafted around Romney as being out of touch and overly eager to help business interests at the expense of working people.
Warren, a Democrat, is running for Senate against incumbent Republican Scott Brown who won the seat in a special election following the death of Sen. Ted Kennedy. The pair is locked in a tight race that shows the candidates neck and neck.
Kennedy once defeated Romney who ran against him for the Senate in 1994.
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Difference between "Corporations" and "People" is Corporations means business organizations while People means Society. Is business organizations are societies?
As law professors Both Elizabeth Warren and President Obama should be well aware not only that corporations are legal persons but also why courts have ruled that way nearly 200 years. This is not a new or right wing concept. The concept is also not wholey designed to protect the rights of buisness oners but rather the rest of the public that interacts and may be hurt by a coproration. Legal personhood of a buisness entitey allows that entity to sue and be sued in its own name. This is the main purpose of these ruleings, if you took that away consumers who are hurt by defective products or workers who are hurt on the job would likely have no recourse for their injuries. They might be able to sue shareholders without the corporate personhood doctrine but that would be time consuming and difficult, so the courts allow us to sue the corporation directly. Courts are reserved for "people" that's why despite how much liberals would like trees and dogs may not sue in their own name. With out coproorate persons the single most important consumer protection doctrine of the last 200 years would not exist.
Why are you trying to protect corporations from being sued, and pay taxes, obey laws? Our laws only govern people and with out that there is no protection for those who interact with them. A dog bites you you can't sue the dog, you have to sue the owner. Dogs don't pay taxes, People Do.
Corporations were illegal in the US until after the civil war. Corporations allowed before then had to go before congress state the purpose for forming a corporation then stating how long the corporation would be run then disbanded after accomplishing the stated purpose within the time frame as stated to congress.