|Wall Street's against me? I'm so surprised.|
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.
Now that is music to my ears.
So now here is the box that Hillary Clinton finds herself in.
If she doesn't choose Warren as her VP, everybody will assume that Wall Street owns her and that she really is untrustworthy.
If she does choose Elizabeth Warren, and Warren declines, everybody will assume that Warren thinks Wall Street owns her and that she is untrustworthy.
In other words Warren is now is an incredibly powerful position which, knowing what we know about her, means that she will be making some very specific demands of Hillary Clinton and the Democratic party.
However since she has been such an aggressive and outspoken advocate for Hillary as of late, I think those demands have already been met.