Wall Street’s preferred candidate, Hillary Clinton, slammed Donald Trump’s economic plan on Monday at a rally in St. Petersburg Florida — for being too favorable to Wall Street.
Clinton ridiculed Trump’s hand-picked economic team for consisting of “three Wall Street money managers, an oil baron, a former chief economist from one of the banks at the heart of the financial crisis.”
For every single dollar Donald Trump received from the financial industry through July 21, Hillary Clinton received more than $539.
Trump’s “tax plans will give super big tax breaks to large corporations and the really wealthy, just like him and the guys who wrote the speech,” she said.
For Clinton to attack Trump as the candidate of Wall St. indicates a stunning contempt for the intelligence of the average American voter. From 2001 until Clinton launched her 2016 campaign, the Clinton’s collected more than $153 million in speaking fees, including $7.7 million for at least 39 speeches to large banks like Goldman Sachs and UBS.
If Clinton’s record as a clear favorite of the Wall Street speaking circuit isn’t enough of a hint as to who is the real candidate for Wall Street in this election, the vast sums of money her campaign has raised from Wall St. donors compared to Trump is a sign as a subtle as an anvil on the head.
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According to Center for Responsive Politics, the Clinton campaign received nearly $69 million in donations from the financial industry. According to the Center’s OpenSecrets website, through July 21 Clinton received more than $41 million from the Securities and Investment sector and more than $27 million from the Hedge Funds and Private Equity sector.
Trump received a grand total of $146,736 from both sectors in the same period. For every single dollar Donald Trump received from the financial industry through July 21, Hillary Clinton received more than $539. Money talks, and the money Clinton has received from Wall Street positively screams that she, not Trump, is the candidate of the financial elite.
Clinton claimed that Trump was recycling “old, tired ideas” in an attempt to “basically just repackage trickle-down economics.” She claimed that Trump’s plan “does not help the vast majority of Americans, but it does really well for people already at the top.”
But the only one recycling old, tired ideas that will do nothing to help the vast majority of Americans whilst those at the top only continue to grow their fortunes is Clinton. Clinton is the globalization candidate, and globalization fuels Wall Street’s ever-rising profits as it sucks middle and working America dry of wealth and opportunity. That’s why Wall Street millionaires and billionaires are flocking to her corner in droves.
All Clinton could offer is the tired old liberal promise that “we’re going to make the wealthy pay their fair share in taxes for a change,” despite the fact that America already has the most progressive income tax system in the developed world.
And indeed, what is a Democratic appeal to their supporters’ baser instincts without a good old-fashioned racial dog whistle. “He’s got — I don’t know — a dozen or so economic advisers he just named: hedge fund guys, billionaire guys, six guys named Steve, apparently,” Clinton said in a transparent attempt to portray Trump as the wealthy white man’s candidate.
A glance at the Clinton campaign’s contributions suggests otherwise.