The Democratic Party has lost its way.
We have been told that the party represented low- and middle-income Americans and challenged the wealthy. It was also a party that ostensibly was anti-war.
Well, everything you thought you knew about the Democratic Party is wrong. It is buddies with Wall Street, it likes war, and its policies are crony.
Over the years, the Democrats have transformed into a political entity that represents a fraction of the population, whether you’re a transgender minority who desires around-the-clock abortions or a Wall Street titan a part of the 1%. We were told in our college textbooks that the Democrats cared about the majority of Americans, not the select few.
That’s changed.
Former President Barack Obama gained tremendous support from the elite. The woman who will never be president, Hillary Clinton, received a lot more backing from Wall Street than her opponent who garnered very little. Now it seems some of the more well-known Democrats are taking a page out of their playbooks.
Ahead of the 2020 election, several prominent Democrats are appealing to Wall Street executives, including someone who adores socialism.
CNBC is reporting that Senators Cory Booker, Kamala Harris, and Kirsten Gillibrand are meeting with top donors about possible presidential bids? So, who are they getting in touch with? Billionaire and Blackstone Chief Operating Officer Jonathan Gray; Robert Wolf, CEO and founder of economic advisory firm 32 Advisors, and Mark Gallogly, a founder of private investment firm Centerbridge Partners.
Grassroots leftists are not pleased. But what choice do these politicians have?
From the business news network:
Despite the left’s outcry against Wall Street money, political financiers say candidates are going to have to appeal to both the grassroots and big donors in order to compete with Trump’s massive campaign war chest.
The president has raised over $100 million through his campaign and two joint fundraising committees that work in tandem with the Republican National Committee. The Trump Victory committee is one of the president’s donor pools, which includes elite megadonors such as Blackstone CEO Steve Schwarzman and conservative Silicon Valley investor Peter Thiel.
“I think you have to do both or you’re not going to have a campaign,” said a Democratic contribution “bundler” who spoke on the condition of anonymity. “If you don’t take big money at all, that’s going to be a problem. I would be very surprised if I saw anybody say, ‘I’m only doing the low end.’ They are probably going to start with that.”
This is why Trump was so popular with the average voter. He slammed special interests, funded his own campaign, and called out his rivals’ wealthy donors and lobbyists. Clinton could not do this.
And, so far, neither could his 2020 opponent.
Moreover, this is what irks Americans: the revolving door between Wall Street and Washington. The Democrats talk big, but they’re just as dependent on corporate money as the Republicans are.
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