2016 Postmortem
Related: About this forumTHIS article should make it quite clear how Hillary is a "corporatist" shackled to Wall St.
http://www.huffingtonpost.com/entry/hillary-clinton-wall-street-golden-parachutes_55de1460e4b0a40aa3ad3d87(Hillary Clinton with Goldman Sachs CEO Lloyd Blankfein.)
The groups note that during Clinton's tenure as secretary of state, two of her aides -- former Deputy Secretary Tom Nides and former undersecretary Robert Hormats -- received large bonuses, or "golden parachutes," from their Wall Street employers when they left to join Clinton's staff. Nides worked at Morgan Stanley before he joined the State Department, and has since returned; Hormats worked at Goldman Sachs.
"Awarding outsized bonuses and gifts of equity to Wall Street executives who temporarily leave to go into public service is either a breach of a public corporations fiduciary duty to its stockholders, or a down payment on future services rendered," the letter said.
"If the latter, it at best creates the appearance of corruption and conflict of interest. At worst, it results in undue and inappropriate corporate influence at the highest levels of government -- in essence, a barely legal, backdoor form of bribery."
"Golden parachutes for government service are rare in most industries, but common among senior government officials who were previously employed at Wall Street banks," the letter continued. "Golden parachutes have become so common and corrosive to the public trust that it has become clear the next president should prohibit executive branch employees from receiving them altogether."
Clinton's campaign did not return a request for comment about whether she would support Baldwin and Cummings' bill, and has previously declined to comment about golden parachutes for stories from other media outlets.
Art_from_Ark
(27,247 posts)And I am saying this as someone who was thrilled when Bill Clinton was elected as the youngest governor in the US in 1978, and elected as President in 1992 and 1996. And who met both Bill and Hillary at the Springdale, Arkansas airport in August 1993.
Bonobo
(29,257 posts)Art_from_Ark
(27,247 posts)She has her own set of unique reasons for that, and I can appreciate why she supports Hillary, the least of which is Bill's efforts as governor to provide for a homestead exemption for property taxes, which have benefited my mom to a huge extent. So whenever I'm back in my hometown, we never discuss the primaries, we just focus on how bad the Republicans are. But I still prefer Bernie.
tecelote
(5,122 posts)Case closed.
Art_from_Ark
(27,247 posts)Those are some of the reasons why I am not at all thrilled with Hillary. My mom, on the other hand, is benefiting from some things that Bill did as governor of Arkansas. So I can't really discuss the primaries with her.
Scuba
(53,475 posts)... all kinds of shit down on herself.
Not the kind of person I want as Commander in Chief.
DanTex
(20,709 posts)I guess you didn't, hence the OP. And obviously, now that you have this information, you're going to revise your views on this, like a rational person would do. LOL.
http://www.huffingtonpost.com/hillary-clinton/wall-street-revolving-door_b_8064504.html
reformist2
(9,841 posts)Android3.14
(5,402 posts)Have her corporate masters told her to stay away from this issue since then?
Bonobo
(29,257 posts)hifiguy
(33,688 posts)tecelote
(5,122 posts)"Right now, government employees entrusted with oversight are required by law to recuse themselves from any cases involving their former employers for one year. That's not long enough. This bill would bump it up to two years. And for people leaving government service, this bill would prevent them from taking a job at a company they oversaw until at least two years have passed."
That's not long enough. How about five or ten for past employers and never for future employment.
Hey - if you can help us avoid these regulations, you have a $500,000 a year job waiting in a couple of years. What's a couple of years?
I doubt it will have any effect at all.
BeanMusical
(4,389 posts)CharlotteVale
(2,717 posts)pangaia
(24,324 posts)raouldukelives
(5,178 posts)There are those who want all people, of all races, to be heard and there are those who daily assure only corporations are in control of our democracy.
For some, lives matter. For others, only money. We live in the most democracy they will allow thanks to their love of money above all else.
It will only get better when they start taking the mantle of liberty & justice for all seriously. I wouldn't hold my breath.
Bonobo
(29,257 posts)Let me spell it out. It means putting the interest of corporations over people. More specifically, in means the tendency to be beholding to Wall St. interests for your political career -a reality underscored by the close "cronyism" that can be seen in the golden parachutes offered to Wall St. figures and the profitable speaking arrangements to the tune of hundreds of thousands of dollars per speech. The proverbial washing of each other's backs.
Hell, even Chelsea is right in there with Wall Street. It's like Europe, rotal families all tied together, impossible to separate.
hifiguy
(33,688 posts)the Clintons are "honorary members" of the Bush family and he thinks of HRH as "a sister-in-law."
WHAT MORE PROOF DO YOU NEED, PEOPLE?
She is NOT on the side of ordinary Americans.
kelliekat44
(7,759 posts)think again. Negotiation is based on give and take, win some lose some. The ACA would never even have a modicum of chance to pass had negotiations with big Pharma not taken place. It was a bad deal as far as prescription drug prices but a huge deal as far as people getting insurance for medical care. It wasn't a perfect deal but it was a deal that helped millions. Now the hard work making prescription drug fixes must begin and it will.
You have to be able to negotiate not bash you enemy. Who among the Dems will even be able to sit down at the table with the corporatists and negotiate in good faith? Backing your enemy into a corner or bashing them without demonstrating an ounce of perspective about the other side forces the enemy to close ranks and do more harm than good. We backed Saddam, Gadaffi, and now Assad into a corner and looked where that has gotten us. It is a failed strategy to give your enemy no face-saving way out. The RW practices the no-way-out approach to governing in Congress and look where that has gotten the country. We seem to always want to kill the "possible" gong after the "perfect."
99th_Monkey
(19,326 posts)into the yawning jaws of TPP, into endless war, away from single-payer, into
threats to fuck with Social Security and Medicare, etc.
That's where 'give and take' has taken us. Down the proverbial river without
a paddle.
But wait!! There is a paddle called Bernie Sanders 2016. Let's use it!!
Maedhros
(10,007 posts)It's the bare fucking minimum.
Stop excusing corporate toadyism as some kind of reasoned compromise.
magical thyme
(14,881 posts)hifiguy
(33,688 posts)Not a fellow traveler, but their wholly-owned subsidiary.
oasis
(49,389 posts)GE battle, let's hope the one left standing is a Democrat.
Bonobo
(29,257 posts)antigop
(12,778 posts)He was a vice chair at Goldman Sachs
http://www.democraticunderground.com/101667554
antigop
(12,778 posts)according to a tax loophole
Page 107 of "Why I Left Goldman Sachs" by Greg Smith:
Fawke Em
(11,366 posts)There's no wording on it, so it's not like he's sporting some company slogan.
What's the purpose of it?
Uncle Joe
(58,366 posts)Thanks for the thread, Bonobo.