Monday, June 20, 2016

Wall Street Tells Clinton: NO Warren for VP or We Bolt

What more do we need to know about the quid pro quo between Hillary and Wall Street?  After Hill and Bill have taken millions in cash from Wall St./corporate sources, here is absolute proof that they now owe allegiance to those sources (Duh!) and will have to do whatever Wall Street tells them to do if they want to keep the moolah rolling in.  You can just hear the wheels turning in their brains right now: Hmm...what to do? Do we try to get on board all the millions of Sanders voters by naming Warren as VP?  Or do we obey our money masters to whom we have sold our souls and name a non-progressive like Tim Kaine?  (What do you think they will do?  Remember, they are the Clintons with a long history of always selling out to the highest bidder....).  It pleases me no end that Wall Street is panicky about Warren -- all the regulations they've managed to ditch with payoffs through their lobbyists since the Reagan years might just be reinstituted on them. OMG! Imagine that!  And they might even have to start actually paying taxes!  

Wall Street threatens to revolt if Clinton taps Warren for VP: 'We just can't trust you'

Would presumptive Democratic presidential nominee Hillary Clinton really pick Sen. Elizabeth Warren as her running mate? There are many reasons for skepticism and one of them is that some of Hillary's Wall Street donors are threatening to bolt if she taps Warren for VP.

Politico has a big report out that shows Clinton's Wall Street donors are positively panicky about the prospect of Vice President Warren — and they're telling the campaign that they'll bolt if Warren comes on the ticket.

"If Clinton picked Warren, her whole base on Wall Street would leave her," one major Democratic donor tells Politico. "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.'"

The article goes on to note that Clinton is planning to amass a giant $1.5 billion war chest against Trump and will likely need help from financial to get there.

At the same time, it's hard to imagine many on Wall Street throwing their backing to Trump, whose proposals for immigration and trade would sow the kind of economic uncertainty that's bad for business. So if Clinton actually did pick Warren for VP, it would be very interesting to see where all that Wall Street campaign cash ends up going.