BOSTON -- A Lowell Sun column by Peter Lucas today highlights how Elizabeth Warren's extreme, anti-capitalist vitriol is a threat to job creation. Lucas makes clear that General Electric's announcement that it is moving its world headquarters to Boston is a boon for Massachusetts - and a major embarrassment to Warren, who was attacking the company just as Governor Baker and Mayor Walsh were engaged in a bipartisan effort to help bring GE here:
GE lured to Boston despite Warren's best efforts
By Peter Lucas
Elizabeth Warren must have been asleep.
Otherwise General Electric, her arch enemy, would never have dared come into Warren's backyard, let alone announce that it was planning to transfer its headquarters to Boston.
What a windfall for Boston. What an embarrassment for Warren.
Here you had the state's senior U.S. senator, a Democrat, the co-founder of Occupy Boston and chief critic of banks, Wall Street, Microsoft and General Electric ("You didn't build that"), so out of the loop that she might have been representing her home state of Oklahoma rather than Massachusetts.
Warren was so far out of touch that she was attacking General Electric on the Senate floor and in speeches during the period that the state's political leaders were wooing the giant company to relocate to Massachusetts.
Perhaps she was too busy running around the country, attacking the banks and being mentioned as presidential material.
She at one point attacked Washington tax breaks for companies like GE and Microsoft as "a giant wet kiss for the tax-dodgers."
Sen. Ted Kennedy, whose seat Warren holds, must be shaking his head from wherever he is. If nothing else, Kennedy, no matter his liberal beliefs, always brought jobs to Massachusetts.
Warren frightens them away.
It is a wonder that GE, enemy No. 1 on Warren's hit list, decided to come to Boston. Yet it is also understandable, given that Massachusetts has become a center for innovation.
Boston is the home of great colleges and universities, health-care institutions, technology startups, life sciences, professional sports teams and what amounts to a new city in the Seaport District, where GE is expected to relocate. Boston, in short, is in the middle of an economic and physical renaissance.
General Electric, which will bring some 800 new jobs with it, will be part of that renaissance.
The symbolism of the move is huge. Boston and Massachusetts used to be the place where businesses and jobs left. Now it is the place where businesses want to be.
It also drives a stake in the heart of the old "Taxachusetts" label that was pinned on the state during a high-tax era when businesses and industries were moving out, not in.
The most important lesson to be learned from GE's decision to come to Boston is how much can be accomplished when leaders of divergent political views work together for a common goal.
Here you had Charlie Baker, a Republican governor with a corporate mentality, partnering with Marty Walsh, a Democrat, and a child of organized labor, both willing to put political partisanship aside for the good of the city and the state.
Unlike Elizabeth Warren, both Baker and Walsh are politically mature enough to understand that you do not create jobs by attacking the job creators.
General Electric, and all the jobs it brings with it, is coming to Boston not because of Elizabeth Warren, but in spite of Elizabeth Warren.
(Read the full column)