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imagine2015

(2,054 posts)
Mon May 9, 2016, 11:39 PM May 2016

Wall Street Donors Flocking to Clinton



May 09, 2016
Wall Street Donors Flocking to Clinton
Democratic frontrunner has seen a surge in financial sector donations since business-friendly Republican candidates have dropped out of the race.
by Lauren McCauley, staff writer


Now that Donald Trump has secured his position as the presumptive Republican nominee, Wall Street donors are fleeing the party and throwing their support behind Democratic frontrunner Hillary Clinton.

A Wall Street Journal analysis published late Sunday found that the former secretary of state "has raised $4.2 million in total from Wall Street, $344,000 of which was contributed in March alone."

In fact, Clinton has seen a surge in financial sector donations since business-friendly Republican candidates—namely former Florida Gov. Jeb Bush and Florida Sen. Marco Rubio—dropped out of the race. According to the newspaper's reporting on fundraising data provided by the Center for Responsive Politics, "the former secretary of state received 53 percent of the donations from Wall Street in March, up from 32 percent last year and 33 percent in January through February, as the nominating contests began."

The report further cites an analysis by the nonpartisan crowdfunding resource Crowdpac, which found that "more than 500 donors, including many Wall Street executives, who gave more than $200 to a Republican who later dropped out, including Messrs. Bush and Rubio, have since given to Mrs. Clinton," WSJ wrote.

In total, Clinton has received a full third of all money that business interests have donated to presidential campaigns on both sides of the aisle.

The numbers represent a significant shift from the conventional wisdom that the GOP is beholden to big business while Democrats are supposed to represent the concerns of the people.

Indeed, as Republican lobbyist Ed Rogers told the WSJ, "They know Hillary, And they know that she is not antibusiness."

The full article is at:
http://www.commondreams.org/news/2016/05/09/wall-street-donors-flocking-clinton

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CaliforniaPeggy

(149,726 posts)
2. Surprise, surprise........they've been with her all along. Why change now?
Mon May 9, 2016, 11:43 PM
May 2016

They give her money and she gives them what they want.

mooseprime

(474 posts)
3. Just when you think this race can't get any more vulgar
Tue May 10, 2016, 01:19 AM
May 2016

there's a complete reset. I'm just thrilled that Clinton is so widely adored by the one percent. I'm sure we'll be represented just fine.

Dragonfli

(10,622 posts)
5. Exactly, mustn't we reevaluate our party since it is is going through a right wing realignment?
Tue May 10, 2016, 02:05 AM
May 2016

And has successfully been doing so since the founding of the DLC

The entire goal of the neoliberal, "new" Democrat movement, under Al From and the Clintons (and all the other "new Democrats" AKA "Third Way" Democrats) has been since at least the 80's, to court and bring into the fold moderate Republicans, replacing the working class voters with them.

They refer to the RW takeover of the party as an "intellectual leveraged buyout" And history shows they DID take over the party.

My suggested most current reading on the subject would be Thomas Frank's new book, Listen, Liberal – or – What Ever Happened to the Party of the People?


[center][font size="4"; color="B22222"]If Sanders does not bring the party back, one must realize they will complete the realignment[/font][/center]

It may well likely be too late to reclaim the party from within if he fails, so we must consider all viable options in order to keep a party of the people, not an easy task, which is why Bernie Sanders calls such a task a political revolution. That is not hyperbole but honesty.

If true liberal ideals, a moral economy, and an equal society that grows beyond bigotry in all it's forms is to ever be achievable again, let alone in time to stop the demise of many species including our own. It will be nearly impossible by the method we had hoped for, that is, by saving the party from it's complete makeover and thus reclaiming it because in a few years such will no longer be a viable option. Let me explain if I might.

Those that vote for hawkish Neo-Liberals such as Clinton are not in denial, they are simply not at all like the Democrats of the pre "intellectual leveraged buyout of the Party" by the Koch funded DLC, beginning before, but put actively into legislative practice by William J. Clinton and his DLC allies with the assist of Newt Gingrich beginning in 1992 (Welfare destruction, deregulation and tough on mostly minority crime bills) were passed with a purpose, one that continues unto our present day.

They are indeed not in denial or uneducated politically as some may assume, but rather they are like the candidates they support, neo-liberals. Some are also even neocons as well, much like Hillary Clinton.

Many of us call these sort of voters limousine liberals, or latte' liberals but they are something else (more accurate and less derogatory).

I have understood this a long time, most are comfortable financially (not necessarily rich yet many are) but able to always pay their bills, save for retirement, usually live in the 'burbs and own at least two cars (plus a starter car for their teenage child old enough to drive).

They like to consider themselves politically correct, believe in equality just enough to support it verbally and feel "evolved" (while thinking they deserve a badge for doing so) but would never put themselves in harms way for the rights and equality that sound as good to them coming out of their mouths as their own flatulence smells to them coming out of their own asses (they detect a whiff of roses when they breath it in). It becomes hard to ignore that such declarations, formed of methane as they are, are meaningless slogans, with little action to support such claims of "equal rights".

They ARE moderate Republicans (like the ones that no longer exist outside the Democratic party), I remember back when most Republicans were sane and many (certainly not the Goldwater or John Birch types though) believed in civil rights, choice and other equality issues, they were different in that they believed in Republican fiscal values, the old bootstrap philosophy made popular by Ayn Rand (even if the Democratic version would never admit it).

The party is going through a realignment, as parties do over the course of decades, (just as the Republican Party once was the anti-slavery party but have been quite the opposite for a long time now) - The Democratic party is changing into the moderate Republican party of my childhood (except they are far more hawkish than the old Rs used to be). There is no more room for the new Deal, The Great Society, or the working class in this newly realigning party.

The Republicans have also been going through a realignment during the same 35 year period as ours has. One of the reasons one no longer finds Moderate Republicans in the Republican Party, but only in ours, under their new (D) banner. Their realignment has already turned them into the modern equivalent of the John Birch Society wackos of old, but they are not finished yet, just as we are not finished yet.

Once the Realignments of the parties are complete, ours will be fully Republican, with no vestige of economic morality left, even in the "fringe" that was once the heart of the party. The Republicans in their completion will be the Fascist US party (they of course like the brand name they already have, Republican sounds so much like a "Republic" (a form of representative democracy this country was first created to be, and if one believes the bullshit group psychosis still is), so they will never call themselves Fascists.

I suppose the question to the average Citizen is, do you want to be-
A Republican (under a new brand name)?
A Fascist (under a new brand name)?

Or hope the worst of the newly realigned parties self destructs, leaving room in our two party system for some form of labor party like the Democratic party once was (perhaps the Democratic party itself), with a deep belief as well in full equality for all of us and a livable, for our type of mammal, biosphere. (personalty I hope the one turning fascist is the one that self destructs, but that is just me). If/when such, which now appears inevitable, happens, perhaps it will leave the Neoliberal/ Neocon coalition as the party occupying the newly opened space in our two party system to grow in greed and corporate acquiescence, while attempting to promote coups and wars worldwide.

If not, it will leave an open space for those that are not global corporatists and war seeking profiteers to reclaim a newly formed labor party, Those of us so much like the pre 80's Democratic party of Social Democracy made popular for and by the working class and which would again welcome a New Deal, Great Society, Civil Liberty, war on Poverty, and green initiative style of governance that used to hold the spot now held by these "New" Democrats, these "Moderate" Republicans that have taken to wearing those itchy Democratic suits ever since they took over the party of the people and turned it into the party of Corporations, Banks, And war that relies on poverty as the fuel for it's new gilded age dripping with the blood of innocents.

Ours has to be more than a labor party, but it must be that and more, it must also include equality and unity for moral reasons of course, but also for a very pragmatic reason. We need to repair a biosphere so terribly damaged that it will take (all hands on deck in unity) if it is to matter enough, and in time, so that it may continue supporting our form of life rather than succumbing to yet another series of ELEs That will leave our earth very, different and without our species - to have yet another go at continuing it's varying evolution experiments among the remaining species to suit the new environment.

I only ask that you give this perspective some thought, and come to your own conclusions

eridani

(51,907 posts)
7. Clinton Campaign to Republican Donors: Hillary Shares Your Values
Tue May 10, 2016, 03:59 AM
May 2016
http://www.commondreams.org/views/2016/05/09/clinton-campaign-republican-donors-hillary-shares-your-values

Indeed, Jeb Bush, along his father and brother, have vowed not to back the presumptive Republican nominee, Donald Trump. Assuming no third party candidate emerges to soak up the fundraising dollars of former Bush backers, Clinton is positioning herself as the deserving recipient.

In doing so, her campaign is signaling to Republican donors that, as Ben White puts it, Hillary "represents your values better than Trump."

This is a striking admission — one that comes in the midst of an ongoing contest with an opponent, Vermont Senator Bernie Sanders, who has questioned Clinton's commitment to progressive causes and has criticized her for caving under the temptations of corporate cash.

Rhetorically, Clinton has agreed with the notion that money is corrupting. So much so, in fact, that in 2008 she attacked then-Senator Obama for his reliance on money from employees of oil companies. But she has also argued, sometimes in the same breath, that she is above the laws of political gravity.

Characterizing critiques of her affluent sources of campaign funds as attacks on her integrity, Clinton has managed to have it both ways: She says she supports campaign finance reform, but while the rules remain lax, she remains eager to take advantage of them.

But she is not content to rely on her own corporate backers; she wants supporters of so-called "moderate" Republicans, as well.
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