Wall Street donors seek to block Warren VP pick
Source: Politico
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 Warrens 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 youve had to do because of Bernie Sanders, but if you are going there with Warren, we just cant trust you, youve killed it.
Most big donors dont 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
Read more: http://www.politico.com/story/2016/06/elizabeth-warren-wall-street-vice-president-224489
skepticscott
(13,029 posts)It is by no means a given that Warren would be more of an impediment to them as VP than in the Senate, especially if the Democrats retake it.
ananda
(28,877 posts)In the Senate, she has power.
Veeps historically have very little power.
groundloop
(11,523 posts)Besides, IMO Elizabeth Warren will do more good fighting Wall Street if she remains in the Senate.
longship
(40,416 posts)We need Elizabeth Warren in the US Senate where she can do some actual good. Holding the floor. Voting!
May I remind you all that the US Senator she replaced was a Republican and the current MA governor is also a Republican.
So only a mad person would want her to vacate her senate seat.
Calista241
(5,586 posts)And there's no way to hold a new election within 100 days to bar the Republican replacement.
longship
(40,416 posts)My best to you.
iandhr
(6,852 posts)They blocked her when she was appointed to lead the CFPB and now she is on the Senate Banking committee.
She is currently the ranking minority member on the Economic Policy Subcommittee.
http://www.banking.senate.gov/public/index.cfm/economic-policy
If we take back the Senate she becomes the chair.
penndragon69
(788 posts)And shoot yourself in the foot !
Warren is a bigger danger to your corrupt
business practices as a Senator (with power)
than she ever would be as V.P.
Exit Warren, Enter Sanders !
Well at least i could stomach voting
for Clinton with Sanders running interference
from the next office !
Gene Debs
(582 posts)Lazy Daisy
(928 posts)has made her decision and Warren has accepted. This Wall St. threat will give credibility to Hillary.
IronLionZion
(45,540 posts)It would be great to have her in either position, but I kind of also want to see a person of color as VP, like a latino.
scottie55
(1,400 posts)Damaging to how well the 1% continues to extract from the powerless you mean?
Fresh_Start
(11,330 posts)VP has less power but is in the cat seat for the next election
chapdrum
(930 posts)Sick Dick aside.
That's long been the case.
onecaliberal
(32,902 posts)chapdrum
(930 posts)Perhaps the suggestion can be made.
onecaliberal
(32,902 posts)fpublic
(58 posts)Bernie Sanders showed how to raise record amounts of money by eschewing (actually, thumbing his nose and condemning) Wall Street.
Hillary has the opportunity for a double win: choose a progressive courageous VP (Warren, Tulsie Gabbard or other) AND harvest the enthusiastic financial support from millions of small donors who would have her back if she had the courage to stand up to Wall Street.
A big ask, I know, for a party so tied to big money.