At the close of his must-read The Rise of the New New Left, Peter Beinart at The Daily Beast makes the case that the Democratic Party’s presumed standard-bearer in 2016 may be vulnerable to a challenge from the left – in particular, from Massachusetts’ senior senator:
Still, Hillary is vulnerable to a candidate who can inspire passion and embody fundamental change, especially on the subject of economic inequality and corporate power, a subject with deep resonance among Millennial Democrats. And the candidate who best fits that description is Elizabeth Warren.
First, as a woman, Warren would drain the deepest reservoir of pro-Hillary passion: the prospect of a female president. While Hillary would raise vast sums, Dean and Obama have both shown that in the digital age, an insurgent can compete financially by inspiring huge numbers of small donations. Elizabeth Warren can do that. She’s already shown a knack for going viral. A video of her first Senate banking committee hearing, where she scolded regulators that “too-big-to-fail has become too-big-for-trial,” garnered 1 million hits on YouTube. In her 2012 Senate race, despite never before having sought elected office, she raised $42 million, more than twice as much as the second-highest-raising Democrat. After Bill Clinton and the Obamas, no other speaker at last summer’s Democratic convention so electrified the crowd.
Warren has done it by challenging corporate power with an intensity Clinton Democrats rarely muster.
At the convention, she attacked the “Wall Street CEOs—the same ones who wrecked our economy and destroyed millions of jobs—[who] still strut around Congress, no shame, demanding favors, and acting like we should thank them.”
And in one of the biggest applause lines of the entire convention, taken straight from Occupy, she thundered that “we don’t run this country for corporations, we run it for people.”
Don’t be fooled by Warren’s advanced age. If she runs, Millennials will be her base. No candidate is as well positioned to appeal to the young and economically insecure. Warren won her Senate race by eight points overall, but by 30 points among the young. The first bill she introduced in the Senate was a proposal to charge college students the same interest rates for their loans that the Federal Reserve offers big banks. It soon garnered 100,000 hits on YouTube. […]
Of course, Warren might not run. Or she might prove unready for the national stage. (She has no foreign-policy experience). But the youthful, anti-corporate passion that could propel her candidacy will be there either way. If Hillary Clinton is shrewd, she will embrace it, and thus narrow the path for a populist challenger.
Polls show Hillary remains the clear frontrunner, though Warren has been gaining ground on other potential candidates.
What do you think? Should Elizabeth run, and if she does, what are her chances of winning the nomination over Hillary?