Clinton Struggles to Explain Wall Street Ties at Debate
Bernie Sanders defined Wall Street’s business model as a “fraud” ripe for revolution. Hillary Clinton said the way to untangle a rigged economy is to work within the system.
During the final debate before next Tuesday’s New Hampshire primary, the two candidates for the Democratic nomination cast corporate America as the villain, with Sanders accusing companies like General Electric Co. of using loopholes to avoid paying taxes.
“On behalf of 136,000 hardworking Americans that get up every morning and go to work at GE, Senator Sanders should have his facts right,” Deirdre Latour, a spokeswoman for GE ,said Friday on Twitter. “GE pays all federal, state, local taxes we owe including billions this year. Focus should be on tax reform that allows for job creation.”
Latour was the latest corporate executive to chide Sanders for his campaign rhetoric against corporate America. In an interview with CNBC on Thursday, Goldman Sachs Group Inc.CEO Lloyd Blankfein said Sanders could be fostering a “dangerous moment” with his broadsides against the financial industry.
Meanwhile, Clinton has faced increasing scrutiny over her close ties to corporate titans such as Goldman Sachs, which has employees who have donated to her campaign and paid her more than $600,000 for speeches. Asked if she would release transcripts of the speeches, Clinton said she would “look into” it.
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http://www.bloomberg.com/politics/articles/2016-02-05/clinton-sanders-squabble-then-find-common-enemy-wall-street
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