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Sat Aug 1, 2015, 09:16 AM

Krugman: Wall Street Now Hates Democrats (including you-know-who)



Over at Vox, Jonathan Allen notes that Hillary Clinton, sometimes derided on the left as doing Wall Streetís bidding, is actually getting a lot less Wall Street money than people think. Allen notes that during her husbandís administration Clinton was known for her relative antipathy toward financial types, which may be part of the story. But you should also put this in the context of financeís hard turn against Democrats in general. In 2004, facing an election whose outcome was uncertain, finance and insurance split its donations almost equally between the parties; in 2012 it gave well over twice as much to Republicans as to Democrats.

The reason is, of course, financial reform. Anyone who tells you that reform was meaningless and that thereís no difference between the parties should follow the money, which thinks that there is a big difference indeed.

http://krugman.blogs.nytimes.com/2015/07/31/wall-street-now-hates-democrats/

11 replies, 1384 views

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Arrow 11 replies Author Time Post
Reply Krugman: Wall Street Now Hates Democrats (including you-know-who) (Original post)
pampango Aug 2015 OP
merrily Aug 2015 #1
BillZBubb Aug 2015 #2
1StrongBlackMan Aug 2015 #4
SidDithers Aug 2015 #3
whatchamacallit Aug 2015 #6
malthaussen Aug 2015 #5
Adrahil Aug 2015 #11
marmar Aug 2015 #7
djean111 Aug 2015 #8
jwirr Aug 2015 #9
Romulox Aug 2015 #10

Response to pampango (Original post)

Sat Aug 1, 2015, 09:29 AM

1. Since this is obviously a lot in support of Hillary, it should be in GD:P

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Response to merrily (Reply #1)

Sat Aug 1, 2015, 09:42 AM

2. Strongly disagree!

The key information is that the big money guys are strongly favoring the repubs.

BTW, I am not a Hillary supporter at this point.

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Response to BillZBubb (Reply #2)

Sat Aug 1, 2015, 10:06 AM

4. Well ...

 

Krugman DID mention HRC's name without the obligatory corporatist, lap-dog to the oligarchy reference ... So, you can understand why the piece is pro-HRC!

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Response to pampango (Original post)

Sat Aug 1, 2015, 09:55 AM

3. DU rec...

Anyone who tells you that reform was meaningless and that thereís no difference between the parties should follow the money, which thinks that there is a big difference indeed.




Sid

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Response to SidDithers (Reply #3)

Sat Aug 1, 2015, 10:18 AM

6. Unless the money is from UBS of course



diS

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Response to pampango (Original post)

Sat Aug 1, 2015, 10:14 AM

5. Up to 08, there was relative parity in the graph...

... the 08 spike should have an explanation, too, don't you think? It's really only since 2012 that the money has turned away from the Democrats.

Overall the 2014 imbalance is not as noteworthy as the 2012 imbalance, which was obviously enormously in favor of the GOP -- for all the good it did them. I would be curious to see how the 2016 data points wind up.

-- Mal

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Response to malthaussen (Reply #5)

Sat Aug 1, 2015, 10:37 AM

11. Easy enough to explain...

 

In 2008, GOP policies had tanked the economy, but there was a strong segment of the GOP who were willing to let the entire economy burn in the name of the "free market." Wall Street, knowing that the democrats, despite some distate for them, are not willing to let the world burn, and millions suffer, so their asses would be saved. Asses having been saved, they did not like the busy body Democrats meddling in their affairs with stuff like Dodd-Frank. It's time to get back to de-regulation and pillaging the economy!

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Response to pampango (Original post)

Sat Aug 1, 2015, 10:23 AM

7. ...............


Hillary Clinton papers reveal a third of top backers linked to financial industry
Eight donors whose family wealth is based in finance gave $4.8m of $15.6m raised in 2015 but media figures like Steven Spielberg are second-biggest group


A third of Hillary Clintonís top backers made their money from the financial services industry, according to Guardian analysis of new campaign finance disclosures released on Friday.

The list of donors to Priorities USA, a super Pac which allows unlimited contributions, includes well-known financiers such as George Soros as well as a clutch of less well-known hedge fund managers and investment advisers.

Together, eight donors whose family wealth can be traced back to the finance industry accounted for $4.8m of the $15.6m total raised in the first half of the year and nine of the 28 donations worth at least $100,000. ..................(more)

http://www.theguardian.com/us-news/2015/jul/31/hillary-clinton-third-top-backers-financial-industry


If this is hate, I can't imagine what love must be like.



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Response to pampango (Original post)

Sat Aug 1, 2015, 10:24 AM

8. I sincerely doubt that Wall Street hates Hillary.

 

They know she has to say things like that in order to try and get elected. They know campaign blather when they see it.

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Response to pampango (Original post)

Sat Aug 1, 2015, 10:27 AM

9. Don't worry Paul = we love you.

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Response to pampango (Original post)

Sat Aug 1, 2015, 10:30 AM

10. So Hillary is only taking *some* of the filthy, filthy Wall Street $$$$? I guess she'll do "some"

of their bidding, then.

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