Quantcast
Connect with us

Bankers ‘confirm Warren’s whole worldview’ by saying they’ll donate to Trump to defeat anti-Wall Street Senator in 2020

Published

on

Elizabeth Warren (Screeshot)

“Wall Street continues to make campaign ads for Elizabeth Warren.”

For the second time in three weeks, Sen. Elizabeth Warren embraced Wall Street executives’ fear of her potential presidency after CNBC reported Thursday that several anonymous bankers threatened to back President Donald Trump in the 2020 election if Warren becomes the Democratic nominee.

ADVERTISEMENT

“I think if she can show that the tax code of 2017 was basically nonsense and only helped corporations, Wall Street would not like the public thinking about that.”
—Wall Street executive

CNBC spoke to one executive who said they were considering supporting Trump in the general election fundraising cycle to keep Warren from winning.

“You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump,'” the executive said.

The executives’ comments illustrated the very political system that the Massachusetts Democrat aims to tear down as president, Warren suggested in a tweet Thursday night.

ADVERTISEMENT

Another executive said a Warren administration approach to taxation could plainly illustrate the injustice of Trump’s $1.5 trillion tax cut for corporations and the wealthy.

“I think if she can show that the tax code of 2017 was basically nonsense and only helped corporations, Wall Street would not like the public thinking about that,” the banker told CNBC.

ADVERTISEMENT

Warren plans to require the wealthiest Americans to pay a two percent tax on any assets over $50 million in order to help fund a universal childcare program, investment in rural healthcare and community services, and affordable higher education.

The executives’ comments came weeks after CNBC anchor Jim Cramer said many on Wall Street are afraid of a potential Warren presidency and believe “she’s got to be stopped.”

ADVERTISEMENT

The senator tweeted “I approve this message” at the time, while supporters observed that the Warren campaign could benefit from a campaign ad using Wall Street’s own words.

On Thursday, political observers again said big banks are advertising Warren’s strengths as they share their concerns over her plans to rein in Wall Street’s power—not just with her tax plan but also her proposals to limit executive compensation, force private equity firms to pay the debts of the companies they buy, and hold executives accountable for their firms’ wrongdoing.

ADVERTISEMENT

The bankers’ suggestion that they would rather back Trump—days after House Speaker Nancy Pelosi announced she was pursuing an impeachment inquiry following a whistleblower’s revelation that the president asked the Ukrainian president for help winning the 2020 election—”confirms Warren’s whole worldview” and approach to Wall Street, economist Paul Krugman tweeted.

ADVERTISEMENT

Warren’s response to the CNBC article was juxtaposed by reports of former Vice President Joe Biden’s appearance at a fundraiser in Los Angeles Thursday night.

While the senator was pledging not to “back down from fighting for the big, structural change we need,” Biden was telling a donor that while the wealthy shouldn’t expect a tax cut from his administration if he wins in 2020, there will be “no punishment, either.”

ADVERTISEMENT

The New York Times reported Thursday that—growing wary of recent positive polling for progressives Warren and Sen. Bernie Sanders (I-Vt.), who has also pledged to get big money out of politics—Biden allies are considering forming a super PAC on his behalf.

Biden has said he opposes super PACs, but news that his supporters may rely on unlimited fundraising in an effort to propel him to the nomination served as a contrast to Warren’s approach and comments about her from Wall Street.

“The Democratic nominee should be chosen by voters, not millionaires and corporate special interests,” End Citizens United president Tiffany Muller told the Times.

ADVERTISEMENT

by

Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

2020 Election

Donald Trump dodges questions at turkey pardon: ‘Will you be interested in a pardon for yourself?’

Published

on

President Donald Trump on Tuesday declined to say whether he will be seeking a pardon as he prepares to leave the White House.

At an annual White House Thanksgiving ceremony, Trump took credit for new stock market gains and suggested that President-elect Joe Biden should adopt his "America First" slogan.

After pardoning a turkey named Corn, Trump, who was accompanied by First Lady Melania Trump, ignored questions shouted by reporters.

"Any pardons before leaving office?" ABC correspondent Jonathan Karl could be heard yelling. "Will you be interested in a pardon for yourself."

Continue Reading

2020 Election

Fox News’ Laura Ingraham finally tells her audience Trump’s bid to stay in office has little hope

Published

on

After President Donald Trump announced his General Services Administrator (GSA) Emily Murphy would be moving forward with the Biden transition, Fox News host Laura Ingraham broke the news to her audience in a seemingly awkward on-air announcement.

On Monday evening, after Trump tweeted to thank Murphy for her work, Ingraham recalled all that has transpired during the post-election period as she discussed the reality of what lies ahead. Although Trump has repeatedly declared he has won the election while continuing to give his supporters a false sense of hope, Ingraham made it clear that Trump overturning the election would be unlikely.

Continue Reading
 

2020 Election

Trump adviser undermines Republican attacks on Biden’s national security team

Published

on

One of President Donald J. Trump's top advisers has undermined Republican attacks on the incoming Biden administration with talk of a "bipartisan consensus" concerning China, the Washington Examiner reported.

White House national security adviser Robert O’Brien was traveling this week in the Philippines when he said, “We’ve got such a series of unfair and difficult conduct on behalf of the Chinese that there’s a bipartisan consensus in America that we have to stand up to China."

Continue Reading