Tag Archives: Wall Street

Peter Daou Has a Problem Seeing Reality

Peter Daou has a problem seeing where the problem really is. Well, that’s to be expected he’s been advising Sec. Clinton for a while and you don’t maintain that job without polishing her image.

Why on earth would Bernie Sanders run a campaign premised on the destruction of Hillary’s public image?

As we’ve written: Hillary let Bernie off the hook in the last debate. She could have asked him a simple question: Does he believe President Obama is corrupt because of financial industry contributions? It’s a yes or no question that is central to the 2016 race.

Does Bernie think President Obama is compromised by Wall Street contributions? If so, he should have the courage to say it. If not, he shouldn’t imply that a female candidate would be influenced by donations or speaking fees. There’s a word for that.

Source: Bernie’s Dark Side: The Reckless War on Hillary’s Integrity – Blue Nation Review

First, Bernie isn’t running a campaign premised on the destruction of Hillary’s public image. He’s running a campaign premised on the fact that Wall Street is running amok and compromising our political system with campaign contributions and lobbying for special treatment. This is also a premise that Sec. Clinton claims to accept but only after millions of Wall Street dollars have poured into her family’s foundation and into Super PACs created to put her into the presidency.

Sanders has built his campaign on fighting Wall Street and and its corrupting influence. Are you, Mr. Daou, suggesting that the Sanders campaign should change their tune just because Sec. Clinton appears to have been corrupted by Wall Streets influence? By the way, that is my question, not Sen. Sanders.

Maybe had she not taken millions of dollars from Wall Street she wouldn’t be in this predicament. Don’t blame Sen. Sanders for Sec. Clinton’s apparent corruption.

Money For Nothing? I don’t think so.

Hillary Clinton is pushing real hard to be recognized as a progressive while she battles against Bernie Sanders for the Democratic nomination for President. She’s also trying to keep hold of the “moderate” label as well so she can move into that should she win the nomination. However, that progressive label is hard to apply to someone who has taken so much money from Wall Street.

In fact, only Jeb Bush has accepted more donations from the financial sector than Sec. Clinton during this election cycle and those donations have fallen off in favor of Marco Rubio. Rubio still lags Clinton in donations from the bankers.

When we look at the latest FEC reports we find out the following interesting facts:

  • “In all, donors from Wall Street and other financial-services firms have given $44.1 million to support Hillary Clinton’s campaigns and allied super PACs, compared with $39.7 million in backing that former president Bill Clinton received from the industry.”
  • “Only about $75,000 of the $75 million Sanders has raised for his 2016 campaign has come from donors in the finance sector.”
  • “With the $21.4 million that Wall Street has given for her current White House bid, Clinton is on track to quickly exceed the nearly $23 million that she raised in her three previous campaigns combined from the PACs and employees of banks, hedge funds, securities firms and insurance companies.” (Read the full story here.)

Source: The Daily 202: Hillary Clinton makes her Wall Street problem worse – The Washington Post

That’s a lot of money to be spent not to expect some form of return. How does that reflect any progressive credentials?