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2016 Postmortem

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(11,641 posts)
Mon Jun 20, 2016, 09:13 AM Jun 2016

Wall Street donors seek to block Warren VP pick [View all]

Wall Street donors seek to block Warren VP pick

By Ben White
06/20/16 05:17 AM EDT

If Clinton chooses the Massachusetts senator as her running mate, donations will dry up, fundraisers warn.

NEW YORK — Big Wall Street donors have a message for Hillary Clinton: Keep Elizabeth Warren off the ticket or risk losing millions of dollars in contributions.

In a dozen interviews, major Democratic donors in the financial services industry said they saw little chance that Clinton would pick the liberal firebrand as her vice presidential nominee. These donors despise Warren’s attacks on the financial industry. But they also think her selection would be damaging to the economy. And they warned that if Clinton surprises them and taps Warren, big donations from the industry could vanish.

“If Clinton picked Warren, her whole base on Wall Street would leave her,” said one top Democratic donor who has helped raise millions for Clinton. “They would literally just say, ‘We have no qualms with you moving left, we understand all the things you’ve had to do because of Bernie Sanders, but if you are going there with Warren, we just can’t trust you, you’ve killed it.’”

Most big donors don’t want Warren on the ticket because she is the most accomplished anti-Wall Street populist in the Democratic Party. But many also think her presence would drive a potential Clinton administration too far to the left, poison relations with the private sector from the start and ultimately be damaging to the economy.

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Eh, seems like an idle threat. Historically, the economy does better under Dem administrations, TwilightZone Jun 2016 #1
Then why have they supported people like Reagan and the Bushes? Exilednight Jun 2016 #5
They weren't Trump. TwilightZone Jun 2016 #11
They vote their pocketbook rather than good of the country or economy. Qutzupalotl Jun 2016 #42
Because they dont enforce regulations AgingAmerican Jun 2016 #48
This isn't about protecting the US economy to them Ash_F Jun 2016 #7
That doesn't make any sense. TwilightZone Jun 2016 #14
They don't want to be regulated Ash_F Jun 2016 #15
How can a Vice President regulate Wall Street? That's the job of a strong Senator or U.S. Rep. BlueCaliDem Jun 2016 #27
Why are they against Warren as VP? Ash_F Jun 2016 #43
Not being childish at all. I stated my point perfectly clear. BlueCaliDem Jun 2016 #46
The VP has more visibility and clout than a senator Ash_F Jun 2016 #47
You really think so? You believe the (now defunct) "bully pulpit" extends to the VP? BlueCaliDem Jun 2016 #53
I think Warren is different than Biden and will operate differently Ash_F Jun 2016 #59
EW is definitely different than VP Biden - but the media love the gaffe-prone veep more than the BlueCaliDem Jun 2016 #61
Because if anything happens to the president AgingAmerican Jun 2016 #49
I know that. What I don't know is, what threat can a VP be against Wall Street donors? BlueCaliDem Jun 2016 #55
The office gives them a bully pulpit and a voice AgingAmerican Jun 2016 #57
Your post is remarkably naive. JackRiddler Jun 2016 #25
That doesn't counter anything I said. TwilightZone Jun 2016 #30
You didn't read anything apparently... JackRiddler Jun 2016 #31
Excellent point, Twilight. Also, they already Hortensis Jun 2016 #29
I would think that they would yesphan Jun 2016 #2
it's probably a show... the script? tk2kewl Jun 2016 #4
This ^ Newkularblue Jun 2016 #6
Warren is no dupe. She would not be muzzled. randome Jun 2016 #9
I believe you underestimate Warren. If she takes VP spot, it will be because she feels emulatorloo Jun 2016 #10
I believe you underestimate Clinton tk2kewl Jun 2016 #12
You may underestimate Clinton as well. Remember that Warren said very positive things about emulatorloo Jun 2016 #13
I still expect Castro tk2kewl Jun 2016 #20
Except he is not being vetted. nt WhiteTara Jun 2016 #23
i despise that word... tk2kewl Jun 2016 #24
Perez tk2kewl Jun 2016 #60
Booker is a deal breaker for me AntiBank Jun 2016 #32
That's what I'm talking about. yesphan Jun 2016 #17
I expect Warren would be a very dynamic and active VP emulatorloo Jun 2016 #8
This message was self-deleted by its author PDittie Jun 2016 #34
point Hekate Jun 2016 #45
Hillary's first test of whether she sides with her Party or the Oligarch's who also helped put Dustlawyer Jun 2016 #3
And this is *exactly* what they want you to think because unlike some posters in this thread, they BlueCaliDem Jun 2016 #28
I am worried about 2 women on the ticket DLCWIdem Jun 2016 #54
Yeah, why stop when you have a good thing going? Octafish Jun 2016 #16
Hillary won't make this decision based on what outspoken BootinUp Jun 2016 #18
Wall Street donors trying to stop Warren are most certainly jerks think Jun 2016 #19
Warren wouldn't be the best VP pick anyway. Lil Missy Jun 2016 #21
PLEASE Don't throw me in that Briar Patch, Brer Fox, Please don't Fumesucker Jun 2016 #22
yep yep AntiBank Jun 2016 #33
Exactly. ..nt TeeYiYi Jun 2016 #38
Don't care for Wall Street MosheFeingold Jun 2016 #26
Who? No one cares about that guy, whomever he is. Except for a few political junkies. w4rma Jun 2016 #35
VP is often a dark horse MosheFeingold Jun 2016 #36
Palin was picked because she already was high profile, and well known among the GOP base. w4rma Jun 2016 #37
The affirmative action thing MosheFeingold Jun 2016 #39
Hillary has the FBI coming after her. She doesn't care about scandals, and neither should you. w4rma Jun 2016 #40
They are afraid she will use the bully pulpit to influence the masses andym Jun 2016 #41
That's blackmail and blackmail needs full sunlight. Hillary will make up her own mind.... Hekate Jun 2016 #44
Our rulers, the rich, have spoken. tabasco Jun 2016 #50
Why? She cozied up to Wall Street in the end. ozone_man Jun 2016 #51
So True! sarcasm Jun 2016 #52
I can't imagine. Are there any meaningfully differences between Hillary and Warren on this critical Vote2016 Jun 2016 #56
Their opposition to Warren being VP seems a bit counterintuitive to me AgadorSparticus Jun 2016 #58
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