Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

pampango

(24,692 posts)
Sat Aug 1, 2015, 09:16 AM Aug 2015

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 Street’s bidding, is actually getting a lot less Wall Street money than people think. Allen notes that during her husband’s 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 finance’s 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 there’s 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 = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Krugman: Wall Street Now Hates Democrats (including you-know-who) (Original Post) pampango Aug 2015 OP
Since this is obviously a lot in support of Hillary, it should be in GD:P merrily Aug 2015 #1
Strongly disagree! BillZBubb Aug 2015 #2
Well ... 1StrongBlackMan Aug 2015 #4
DU rec... SidDithers Aug 2015 #3
Unless the money is from UBS of course whatchamacallit Aug 2015 #6
Up to 08, there was relative parity in the graph... malthaussen Aug 2015 #5
Easy enough to explain... Adrahil Aug 2015 #11
............... marmar Aug 2015 #7
I sincerely doubt that Wall Street hates Hillary. djean111 Aug 2015 #8
Don't worry Paul = we love you. jwirr Aug 2015 #9
So Hillary is only taking *some* of the filthy, filthy Wall Street $$$$? I guess she'll do "some" Romulox Aug 2015 #10

BillZBubb

(10,650 posts)
2. Strongly disagree!
Sat Aug 1, 2015, 09:42 AM
Aug 2015

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

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

 

1StrongBlackMan

(31,849 posts)
4. Well ...
Sat Aug 1, 2015, 10:06 AM
Aug 2015

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!

SidDithers

(44,228 posts)
3. DU rec...
Sat Aug 1, 2015, 09:55 AM
Aug 2015
Anyone who tells you that reform was meaningless and that there’s no difference between the parties should follow the money, which thinks that there is a big difference indeed.




Sid

malthaussen

(17,065 posts)
5. Up to 08, there was relative parity in the graph...
Sat Aug 1, 2015, 10:14 AM
Aug 2015

... 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

 

Adrahil

(13,340 posts)
11. Easy enough to explain...
Sat Aug 1, 2015, 10:37 AM
Aug 2015

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!

marmar

(76,982 posts)
7. ...............
Sat Aug 1, 2015, 10:23 AM
Aug 2015

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 Clinton’s 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.



 

djean111

(14,255 posts)
8. I sincerely doubt that Wall Street hates Hillary.
Sat Aug 1, 2015, 10:24 AM
Aug 2015

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

Romulox

(25,960 posts)
10. So Hillary is only taking *some* of the filthy, filthy Wall Street $$$$? I guess she'll do "some"
Sat Aug 1, 2015, 10:30 AM
Aug 2015

of their bidding, then.

Latest Discussions»General Discussion»Krugman: Wall Street Now ...