Wall Street cash or Elizabeth Warren: Hillary's choice

[NWCorona]

"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.'"

The arguments of course are mostly self-serving. The financial services industry loathes Warren, who more than anyone in the last 80 years has channeled the rage against Wall Street that began with the Great Depression and continues to course through the nation following the 2008 financial crisis. Warren wants to break up the nation's largest banks. She created the Consumer Financial Protection Bureau. The mere mention of her name draws groans from bankers.

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.

"Clinton is going to face a divided government unless there is a total tsunami," said one moderate Washington Democrat with close ties to the banking industry. "What you want in a vice president is someone who can negotiate for you on the Hill, someone like Joe Biden. And that is not a Warren strength."

https://www.cnbc.com/amp/2016/06/20/wall-street-cash-or-elizabeth-warren-hillarys-choice.html

At this point I don't think Hillary needs to make an announcement just yet.

[LexVegas]

2. There it is. nt

[Segami]

3. Oh, so it looks like Wall St. NOW wants something in return

for their cash donations?.......But I thought candidates who take money from Wall St. and billionaires don't dance to their demands just because of their large donations......now they want to influence who the V.P. pick is going to be or else?.....sounds to me like demands are attached to their donations.

[Vinca]

5. Bingo!

[arcane1]

7. Yep, for the First Time Ever they aren't just pissing away their millions. Unprecedented, even!

[renate]

8. ignoring Wall Street and picking Warren sounds like a win-win, then

It would erase any accusations that she and Wall Street have any kind of quid pro quo going, and it would get almost all of Bernie's supporters into her corner in one fell swoop. And with Elizabeth on the ticket, questions about the transcripts of the Goldman Sachs speeches would essentially go away.

As to your post, isn't it interesting that Wall Street donors are perfectly clear about what they expect for their money? Which isn't to say that Hillary would give them what they want, but it's pretty much an acknowledgement of their motives.

[LoverOfLiberty]

17. Now what do you honestly think would benefit Wall Street?

Warren in the Senate where she continues to push for Wall Street regulation?

Warren as the Vice President whose voice will mimic that of the President?

Its almost as if whoever wrote that article is sucked into a reverse psychology scenario.

People might want Warren as VP for a number of reasons, but sticking it to Wall Street shouldn't be one of them.

[riderinthestorm]

4. Prime example of Wall St influencing Hillary nt

[longship]

6. This Bernie supporter wants Elizabeth Warren to remain in the US Senate.

1. She's in her first term and she has a lot of support in MA. Why throw that away?

2. VEEP would give Warren less power. Granted, she would be president of the Senate, however that would mean that her vote would only count on a tie. And her ability to hold the floor would be zero, only presiding with a gavel.

What sane person would trade that?

Let's leave Democratic Senators in the US Senate. Just maybe we can get it back this year that way.

[Eric J in MN]

9. Warren being in her first term means

...she has less power in the Senate than if she had seniority.

I want her to be VP because I think she'd be more powerful that way.

[iandhr]

14. If Dems wind up the in majority she would chair the economic policy subcommittee...

... on the Senate Banking committee.

http://www.banking.senate.gov/public/index.cfm/economic-policy

One could argue she would be better off staying put. VP can have power but there have been lackluster VPs.

[bvar22]

15. I strongly disagree.

The last thing I want to see is Elizabeth Warren's voice silenced. I wouldn't be able to watch Elizabeth Warren sitting quietly behind Hillary and nodding her head as Hillary continues the NeoLiberal dismemberment of the remnants of the New Deal, picks over the remains of the Working Class, advocates for the TPP, and sends more of our children off to die.

I want her voice, LOUD and CLEAR in the Senate where she is already a champion.
Hillary and Warren are polar opposites on many issues, especially those affecting the continued transfer of Wealth to the Top 1%. As VP, Warren would NOT be free to speak out about the faults of ANY Hillary proposal, no matter how damaging to the Working Class and Poor.

There are precious few Liberals in the Senate already. It would be Machiavellian for Hillary to pick Warren. The best way to muzzle and neuter a Senator is the make them VP.


[font color=firebrick][center]"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans.
I want a party that will STAND UP for Working Americans."
---Paul Wellstone [/font][/center] [center] [/font]
[font size=1]photo by bvar22
Shortly before Sen Wellstone was killed[/center][/font]

[longship]

16. Do you mean "no vote except for ties" as being more power?

I call that less power.

Than there's the problem that the MA Senator who preceded her was GOP! Why in the Sam Hell would any sane Democrat want that seat vacant? BTW, the governor is GOP, too, another statewide office.

No! I cannot, and will not, support Elizabeth Warren for VEEP. She is needed in the US Senate. Apparently, that is where she wants to stay, in spite of the delusions of some who apparently see no value in her current position.

I disagree. Respectfully.

[pokerfan]

10. Who the hell do they think they are?

Vetoing a VP choice like that.

[arcane1]

12. They think they are Clinton's base.

They are correct.

[Hiraeth]

11. no brainer.

[iandhr]

13. But but but

I was told by DU that it was a Wall Street plot to put Warren in a powerless VP postion and remove her from the Senate banking commitee.

[TalkingDog]

18. AHAHAHAHAHAAAAAAA!

[Herman4747]

19. Prediction: Hillary will go for the Wall St. cash...

...as she has been doing for some time now.

[andym]

20. They don't want Warren stirring up the citizenry using the bully pulpit

They don't want Warren to have access to the national Bully Pulpit to whip up public opposition to their excesses-- as a Senator one gets much 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. They may even know a little history about how Teddy Roosevelt, Wall Street's nightmare President, became president in the first place.

-- posted similar answers on the 2 duplicate threads

[Amaril]

21. No comment

[MineralMan]

22. I think she should pay no attention to that at all.

She'll still get the donations, either way.

In this general election, the money is going to the sane candidate, not the wacko one.

[Vote2016]

23. Since Hillary is not beholden to the banksters and hedge fund plutocrats so this should be an easy c