2016 Postmortem
Related: About this forumWait, what? "Wall Street cash or Elizabeth Warren: Hillary's choice"
Concerning article from CNBC.
Wall Street cash or Elizabeth Warren: Hillary's choice
Wall Street has an unambiguous message for Hillary Clinton: Don't pick Elizabeth Warren as your vice president if you want to keep getting our money.
That warning came through very clearly in over a dozen interviews I did over the last week with some of the largest Democratic donors on Wall Street who have helped fund Clinton's campaigns over the years as well as funneled cash to Bill Clinton's political career in the 1990s.
"If Clinton picked Warren, her whole base on Wall Street would leave her," one top Democratic donor who has helped raise millions for Clinton told me. "They would literally just say, 'We have no qualms with you moving left, we understand all the things you've had to do because of Bernie Sanders, but if you are going there with Warren, we just can't trust you, you've killed it.'".
But there is at least a bit of substance to their arguments. Bankers believe Clinton, should she win, will have an opportunity to make deals with Republicans in Congress to pass major infrastructure spending coupled with international tax reform during her first months in office. And they think Warren in the VP's office would make cutting any such deals harder...
More:
http://www.cnbc.com/2016/06/20/wall-street-cash-or-elizabeth-warren-hillarys-choice.html
Why would Hillary's biggest WS donors contribute to such an article? Not only do they come scary close to spelling out what they hope Hillary can get through Congress for them, but are they not aware Hillary is considering Warren in order to unify the Democratic base? You know, to turn their donations into a victory? So now, if Hillary doesn't pick Warren, it's because WS demanded it? Yeah, that'll help defeat Trump.
Thanks again, WS. Fucking things up as per usual.
ETA: Silver lining. Tapping Warren as VP would go even farther to prove Hillary is not beholden to Wall Street, despite the donations, after this article, I guess.
Her Sister
(6,444 posts)Something fishy here, sorry."
Am quoting senz from Bernie's group. Agree with senz.
http://www.democraticunderground.com/1280214168 Same topic in BS group.
Barack_America
(28,876 posts)But, if anyone knows who's who and who actually donated to whom, wouldn't it be CNBC?
Only thing I can think of is these donors REALLY don't want Warren next in line for the presidency.
Or this is all a PR stunt to make Hillary look great when she picks Warren.
Her Sister
(6,444 posts)Nah, HRC does not need a stunt to look good when picking or not picking Warren.
Not buying! Thanks, but I pass.
sufrommich
(22,871 posts)spokesperson for a street in NY.
LoverOfLiberty
(1,438 posts)Why would Wall Street want Warren out of the Senate when she has some regulatory power over them into the VP seat where she would have none?
This doesn't make any sense. There are some great reasons for Warren to be VP, but this hurting Wall Street isn't one of them.
Barack_America
(28,876 posts)Sorry about reposting. I didn't see the other ones.
Her Sister
(6,444 posts)The convo in this thread is getting weird...
LoverOfLiberty
(1,438 posts)when it comes to protecting Wall Street, certainly. I think it would be in their better interest to have Warren out of the Senate.
NWCorona
(8,541 posts)I'm thinking this is a move to allow Hillary to show that isn't beholden to her WS donors.
andym
(5,443 posts)They don't want Warren to have access to the national Bully Pulpit to whip up opposition-- as a Senator one gets less national attention. I assume Warren would never accept the VP position, if offered, without freedom to operate. Also, Wall Street is afraid that Warren would influence Clinton to be more progressive-- a real possibility I suspect.
As a historical note on how well Wall Street understands politicians, I remember there were a number of Wall Street denizens who were afraid that President Obama might nationalize the banks and other industries in early 2009, which led them to sell their shares, so they certainly are a fearful bunch.
notadmblnd
(23,720 posts)the VP in her decision making process. Senator Warren has more influence and power as a Senator.
floppyboo
(2,461 posts)Wall Street is NOT going to vote on Warren as a contingency plan.