Wall Street’s many campaign donors are lining up behind Joe Biden, not the incumbent President of the United States, according to the New York Times.
Under the August 9 headline, “The Wallets of Wall Street Are With Joe Biden, if Not the Hearts,” three reporters wrote:
While Wall Street financiers tend to be more socially liberal, they have collectively swung back and forth between parties. Data from the Center for Responsive Politics show the securities and investment community donating more to President George W. Bush in 2004, and then to Mr. Obama in 2008, and then to Mitt Romney in 2012, followed by Mrs. Clinton in 2016, than to their respective presidential rivals.
This year, it’s Mr. Biden. Financial industry cash flowing to Mr. Biden and outside groups supporting him shows him dramatically out-raising the president, with $44 million compared with Mr. Trump’s $9 million.
The donors are already pressuring Biden to pick a business-friendly candidate for vice president, and Biden is signaling a hands-off policy toward Wall Street:
In recent meetings with donors, Mr. Biden has said that while the wealthy are going to have to “do more,” the details of his tax hikes are still being hammered out … in July, the candidate spoke of the need for corporate America to “change its ways.” But the solution, he said, would not be legislative.
“I love Bernie, but I’m not Bernie Sanders. I don’t think 500 billionaires are the reason why we’re in trouble,” Biden said in 2018
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14 comments:
Hillary's secret Wall Street speech didn't go over well, but then, what did?
I thought these people were supposed to be smart. Looks to me they are dumb as a brick. The only thing Biden will do is destroy this country no matter his pick for VP.
That’s cuz they’re all wanting bailouts and Trump ain’t giving them.
The would rather have someone old and frail than Someone psychotic and self aggrandizing. Follow the money!
Hahaha. That's a F**King LIE.
Proves Democrats control them just like the Media (NEWS) !!!
How's that Kool aid tasting for you đŸ˜‹?
They thought Hillary was a shoe in - and now Biden. It has nothing to do with Biden - it's Obama's 3rd term and Wall Street wants it that way - buy outs too!
That piece is a lie, Wall Street is on record if Biden wins the market will crash! Don’t know where this was picked up???
Wall St doesn't get to vote .... Duh
Proof Democrats have had their tentacles in TOO Much in America for
TOO long & now is Time to get them OUT of ALL power !!! 2020 !!!
Cleaning OUT the Swamp 2020 !!! MAGA Trump Trump Trump !!!!
Great Fake News! And the Pope also recently donated five million dollars to Biden because he is such a good Catholic.
This Pope is the biggest FOOL of the church. He doesn't lead. He follows. Why do you think so many have left the church?? NO LEADERSHIP.
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