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Wall Street: ‘Democrats Can Nominate Anyone but Sanders, Warren or Gabbard’


BLOATED FIELD: Democrat 2020 race currently diluted by too many runners.

By Eric Zuesse

A June 16th article in the New York Times headlined “Wall Street Donors Are Swooning for Mayor Pete. (They Like Biden and Harris, Too.)”. It noted that “Two candidates in the top tier of polls, Mr. Sanders and Senator Elizabeth Warren of Massachusetts, have railed against the financial industry and opted against the kind of fancy fund-raisers with catering and $2,800 admission prices that lubricate the donor industry.”

By contrast, against those two: “Mr. Biden, Mr. Buttigieg and Ms. Harris have aimed to blend aggressive large- and small-money operations, much as Mr. Obama’s campaigns successfully did.” Democratic voters who are satisfied with the Democratic Party of Barack Obama and of Hillary Clinton will be satisfied with either Buttigieg or Biden or Harris to become the US President. “Mr. Buttigieg has hired a full-time professional New York fund-raiser.” And, “Even a donor who recently put together an event for one of Mr. Buttigieg’s rivals said that, these days, ‘the easiest event to sell out is a Buttigieg event.’”

Harris is also attractive to Wall Street, but her particular strengths are in Hollywood and Silicon Valley, because she’s a US Senator from California, and because even if she doesn’t win the nomination, they will still need to stay within her good graces, because she’s one of their two US Senators and will be pitching for them there — or else not.

On the other hand, Politico headlined on June 13th, “California poll: Warren surges to second, Harris falls to fourth”; and, so, Harris won’t likely be able to score even nearly as big in the California money-competion as she has been expecting, and the trend seems therefore to be for Warren to emerge as the female contender, and also as the progressive (even if only on financial issues) contender, for the votes from Democrats. But Sanders still could win California: whereas Warren scored 18%, he scored 17% in the poll.

The likeliest four to win the nomination, therefore, currently seem to be Biden, Buttigieg, Sanders, and Warren. Those are the four contenders from whom the winner will likely be chosen by the time the South Carolina primary becomes decided, on (as tentatively scheduled) 29 February 2020.

Biden: Wall Street’s favorite, but is he America’s pick?

Given that neither Sanders nor Warren would likely have sufficient attraction to the big-money people who fund the campaigns, it will probably come down to either Biden or Buttigieg, and I would expect that by the time of late February, Buttigieg will have drawn, to himself, enough of Biden’s supporters, so as to be able to be the leading “moderate” in the contest. He’ll have done this on the basis of little more than promises to the voters, which he won’t keep any more than Obama or Clinton did (or than Biden or Harris would). That’s the ‘middle of the road’ type of politician, the type who keeps his promises only to his biggest donors. That would mean a failed United States, the end of the American dream. Like Obama had told Wall Street’s tycoons right after coming into the White House, when he met secretly with them inside the White House: progressives are just “pitchforks” who want them to be punished, just as Southern White racists during the days of Jim Crow had wanted Blacks to be surrounded and lynched. Obama told them that to pursue them legally would be nothing more than bigotry against the rich, and that he would “protect” them from it — and he did. Here is how I wrote about that, at Strategic Culture, back on 17 June 2018:

(…) How horrifically bad a US President Barack Obama was, wasn’t reported by America’s press. Perhaps this is why the three leading candidates among America’s Democratic Party voters today are Joe Biden, Pete Buttigieg, and Kamala Harris. Supporters of any of those three are supporting, to become the Party’s nominee, someone who would respond to an economic crash very similarly to the way that Obama did (for the elite crooks, against the public). All three despise the “pitchforks” who want accountability, and each respects only his own mega-donors.

Being satisfied with a US President such as Obama was, is to be satisfied with a Democratic Presidential candidate such as Biden or Buttigieg or Harris is.

The Times article on 16 June 2019 mentioned also that there are other candidates, who currently are scoring lower in the polls, but who would be reaping big money from Wall Street, if only the given candidate had a realistic chance of winning the nomination: such as Cory Booker, Kirsten Gillibrand, Betto O’Rourke, and Michael Bennet. Sanders and Warren could never be supported by the big donors. Such candidates are too progressive to suit any of America’s billionaires, and therefore even if one of them were to win the nomination, that person’s campaign would end up being starved for funds from the few people who control the country. The big donors want only politicians who will keep only the promises that are made privately to the big donors, and not the promises that the candidate makes to the public. The big donors don’t care about the public promises, but only about the private ones, because, in today’s America, those are the only promises that a politician keeps — such as Obama exemplified. He had the slickness that Democratic Party billionaires demand. He’s able to retain his popularity among Democrats even after he had screwed them for eight successive years. They’re looking for another Obama. Pete Buttigieg will likeliest be that person.

The most progressive of all of the candidates, Tulsi Gabbard, hasn’t caught on even amongst progressive voters — she’s currently at less than 2% in the primaries polls — and, consequently, whereas there are plenty of Biden clones among the well-heeled candidates, the only two candidates with any chance of actually winning the nomination and who are even moderately progressive, Sanders and Warren, are being shunned by the people who finance political campaigns. Unless one of those two gets tens of millions of small-dollar donors, the best that we’ll have during 2021-2025 will be either an Obama-Clinton clone, or else the current President, Trump.

There’s no realistic way that the US will have any improvement over Bush and Obama and Clinton and Trump, unless Democratic Party voters refuse to settle for the people who are being backed by the Democratic Party’s billionaires. And it also won’t happen from the Republican Party’s billionaires. The only way it even possibly could  happen is if Democrats choose only a progressive, and won’t any longer settle for merely a liberal (a “moderate” in the Democratic Party) (such as Democratic Party primary voters have done in the recent past, and seem inclined to do now). It would need to be a substantially different electorate.

Just as Republican voters are ignorant of how bad the Bushes and Trump are, Democratic voters are ignorant of how bad the Clintons and Obama are. Each Party’s voters are the fools of that Party’s billionaires, and don’t even know it.

The situation is the same in any ‘democracy’. But no actual democracy is like this.

However, The rottenness of the billionaires’ picks could still end up defeating the billionaires. And here are examples of how:

On June 19th, the Washington Post bannered “Back home in South Bend, Buttigieg faces ‘his nightmare’”, and reported that:

A white police officer had shot and killed a black man early Sunday. Buttigieg canceled several days of campaign events — including an LGBTQ gala in New York — and rushed back to Indiana to “be with the South Bend community,” in the words of a campaign spokesman.

Instead of showcasing But­tigieg’s ability to lead through a crisis, however, the shooting is exposing what has long been considered an Achilles’ heel of his candidacy: his frosty relationship with South Bend’s black residents. …

Continue this story at Strategic Culture

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