Hillary Clinton, Corporate America and the Democrats' Dilemma
http://www.truth-out.org/opinion/item/34913-with-hillary-clinton-corporate-america-defines-the-limits-of-acceptable-opinionThe genius of the corporate coup that has overtaken US democracy is not that it dominates the GOP - the party that has long favored corporate power anyway - but that it has maneuvered even the opposition party into submission as well. The brightest minds on Wall Street are experts at hedging bets, and they play politics just as they play finance. Such dynamics are key to understanding not only the role of the Clinton candidacy in the eyes of corporate America, but the perceived threat posed by the Sanders campaign with its persistent advocacy for people over corporations.
Clinton, who once served on the board of Walmart, the gold standard of predatory corporatism, is so tight with corporate power that she's now making efforts to downplay her relationships. CNBC reports that she is postponing fundraisers with Wall Street executives, no doubt concerned that voters are awakening to the toxic influence of corporations on politics and government. Already in the awkward position of explaining six-figure checks from Wall Street firms for speaking engagements and large charitable donations from major banks, Clinton realizes that she must try to distance herself from her corporate benefactors.
And the fat cats fully understand. "Don't expect folks on Wall Street to be offended that Clinton is distancing herself from them," CNBC reports. "In fact, they see it as smart politics and they understand that Wall Street banks are deeply unpopular."
SHRED
(28,136 posts)Truth
Fuddnik
(8,846 posts)Of course he was, but the perception could cause him a lot of grief trying to implement his Big Business agenda.
The difference now is, some politicians feel no shame, and consider it business as usual. The sad thing is that now some politicians followers will deny reality and try to justify it with the flimsiest of excuses.
When renowned bank robber Willie Sutton was asked why he robbed banks, he said "Because that's where the money is". Nowadays, politicians grovel for corporate donations "because that's where the money is". One of the reasons we have to get 100% publicly financed elections is because politicians spend most of their time begging for money for their re-election, and the peoples business is rarely discussed and never acted on.
antigop
(12,778 posts)I would add that some (not all) followers actually benefit from the Big Business agenda.
Or they haven't been burned (yet) by the Big Business agenda.