From the horse's mouth... so to speak
* * *
President Obama has spent seven years denouncing Wall
Street and persuading young progressives that the U.S. economy is rigged for
the benefit of wealthy financiers. So how will he now persuade them to support
Wall Street’s favorite Democrat?
* WELL...
(*CHUCKLING*)
* ...FIRST OF ALL HE WON'T TRY. OBAMA DOES NOT WANT THE
CLINTONS BACK IN THE WHITE HOUSE.
This is the political trap Mr. Obama has sprung on
Hillary Clinton, who made it difficult to watch Wednesday’s Democratic town
hall on CNN as she squirmed in response to a question about speaking fees she
collected from Goldman Sachs.
Host Anderson Cooper asked her whether she really had to
be paid $675,000 for giving three speeches.
“Well, I don’t know. That’s what they offered,” said Mrs.
Clinton — to much audience laughter.
* THE INFERENCE BEING THEY SIMPLY OFFERED UP THAT
SPECIFIC NUMBER...
(*SNORT*)
(*SMIRK*)
She then tried the argument that every Secretary of State
does it...
* FOLKS... YA CAN'T MAKE THIS $HIT UP...
...and then settled on the unbelievable claim that at the
time she took the money she didn’t know she would be running for President
again.
(*MASSIVE MIGRAINE HEADACHE*)
Mr. Cooper was so startled he asked her to repeat the
point.
(*ROFLMAO*)
The laughter likely occurred because the average voter
can guess that the traders at Goldman have a keen sense of value. And they’re
not trading $675,000 for the entertainment value of Hillary Clinton
appearances.
* YA THINK...?!?!
The long-standing arrangement between Democrats and
financial giants like Goldman is that the politicians collect money and get to
pose as populists by publicly attacking the big banks, and in return the big
banks enjoy high regulatory barriers that prevent smaller firms from competing
with them.
* YEP! THAT'S THE DEAL!
New York Sen. Chuck Schumer has perfected this bargain,
which may have reached its zenith with the Dodd-Frank law of 2010, which
brought Wall Street giants and Washington into a historically intimate embrace.
(*NODDING AS I SIGH*)
Yes, Wall Streeters love to complain about Dodd-Frank,
but they also know it virtually ensures that no upstart finance company in the
Midwest is going to challenge Goldman’s position in global finance.
“More intense regulatory and technology requirements have
raised the barriers to entry higher than at any other time in modern history,”
said Goldman CEO Lloyd Blankfein last year. “This is an expensive business to
be in, if you don’t have the market share in scale.”
Mrs. Clinton has been trying to enjoy the customary
privileges — squeezing every nickel she can out of New York’s financial
district while suggesting that she too is a "progressive" who wants
to occupy the place. Her problem is that she’s now running for her party’s
nomination against Bernie Sanders, who actually means what he says about
bankers.
* YEP! I GIVE BERNIE HIS DUE THERE!
* SERIOUSLY, FOLKS... AGAIN... WHAT SORT OF ABSOLUTE
PIECE OF HUMAN GARBAGE SUPPORTS THE LIKES OF A HILLARY RODHAM CLINTON WHEN IF
YOU'RE A "PROGRESSIVE" YOU HAVE BERNIE SANDERS?
And she’s running in a party that, thanks to Mr. Obama,
increasingly looks at finance not as an essential part of the economy that
needs to be moved outside the taxpayer safety net, but as a den of thieves
populated by people who ought to be in jail.
* WELL... YES AND NO. MAYBE THE GRASS ROOTS... BUT... AS
FOR OBAMA... DO A SEARCH OF HIS DONATIONS SINCE HE BECAME A U.S. SENATOR.
(*SMIRK*)
As Mrs. Clinton continued her meandering explanation on
CNN Wednesday, she tried to say everything that Mr. Obama’s refashioned
Democratic Party wants to hear about the banksters. “I’m out here every day
saying I’m going to shut them down, I’m going after them. I’m going to jail
them if they should be jailed. I’m going to break them up,” she said. “I mean
they’re not giving me very much money now. I can tell you that much.”
* LYING P.O.S.!
She can tell people whatever she wishes. But according to
the Center for Responsive Politics, which maintains a searchable database of
contributions reported to the Federal Election Commission, the securities and
investment industry is Mrs. Clinton’s single greatest source of support.
"Financiers" have given her campaign and other
pro-Clinton political operations more than $17 million, compared with a little
less than $78,000 for Mr. Sanders.
* AGAIN... IF YOU'RE A CLINTON SUPPORTER... YOU SHOULD
KILL YOURSELF... BECAUSE, FRANKLY... YOU'RE USING UP AIR THAT PEOPLE WITH
ETHICS AND MORALS SHOULD BE BREATHING.
The flood of money to Clinton political committees, on top
of the speaking fees, plus whatever other contributions the Clinton Foundation
was able to wring out of Wall Street, are among the reasons no one believes her
when she talks about breaking up banks and jailing their employees.
When asked on CNN if she regretted her income windfall
from Goldman, Mrs. Clinton replied, “No, I don’t, because, you know, I don’t
feel that I paid any price for it and I am very clear about what I will do and
they’re on notice.”
(*GUFFAW*)
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