Sen. Warren Releases Video Accusing U.S. Companies Being Disloyal to America

WARREN: 'There are a lot of giant companies who like to call themselves American. But face it, they have no loyalty or allegiance to America. Levi's Blue Jeans? Only two percent of their factories are here in America.  The maker of the famous No. 2 pencil? They make most of those pencils in China and Mexico. And General Electric? They recently shipped  jobs from Wisconsin across the border to Canada. The truth is that these American companies have only one real loyalty and that's to their shareholders, a third of whom are foreign investors. If they can close up an American factory ship jobs overseas to save a nickel that is exactly what they'll do, hollowing out American cities along the way.  For decades,  Washington politicians have let these big companies call all the shots of our trade agreements and our Tax Code. But not on my watch! in Warren administration, government policy will support American workers.  I call it economic patriotism. We will create a new federal agency: The Department of Economic Development to replace the Commerce Department and a handful of other federal agencies. We wil pull them all together and this new agency will have a single mission: defend and create American jobs and we will direct the new agency to use aggressive new tools, tools that other countries have used successful,  we'll use some to boost American worker. This is not a question of more government or less government, it's about who government works for. I have a plan to get us there."