Wall Street Pops the Champagne Cork as Hilary Closes in on Victory

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jerrym
Wall Street Pops the Champagne Cork as Hilary Closes in on Victory

With the Trump sexual scandal fiasco stealing all of the media attention (naturally) and the Republicans abandoning him now, even though numerous other scandals were readily accepted by them, Wall Street is popping the champagne corks now that Hilary seems set to obtain a large win. No need to wonder whether Trump takes the US on some wild adventure, even if he was going to reward Wall Street and the entire elite, when cautious Hilary's Wall Street speeches show she is willing to deliver big time. 

The fact that Hilary has not denied any of the excerpts from her speeches speaks volumes.

Quote:

New emails released by the whistle-blowing journalism organization WikiLeaks provide insight into the cozy relationship Hillary Clinton has had with Wall Street.

One message in particular, from the Clinton campaign’s research director Tony Carrk, contains excerpts from paid speeches Clinton gave to large banks and other financial institutions.

The speeches, for which Clinton was paid hundreds of thousands of dollars each, reflect her neoliberal, pro-corporate ideology. In them, Clinton stresses the importance of free markets and the financial sector for the economy. ...

In a February 2014 speech to the bank Goldman Sachs and financial management company BlackRock, Clinton admitted, “I’m kind of far removed” from the struggles of the middle class, “because the life I’ve lived and the economic, you know, fortunes that my husband and I now enjoy.” 

Clinton also said, “I do think there is a growing sense of anxiety and even anger in the country over the feeling that the game is rigged,” but she stressed, “I am not taking a position on any policy.” ...

In an Oct. 29 2013 speech at a Goldman Sachs summit, Clinton claimed “there is such a bias against people who have led successful and/or complicated lives.” She lamented that rich politicians are forced to divest their assets, sell stocks and be stripped of other positions. “It just becomes very onerous and unnecessary,” she maintained. ...

Clinton argued it is “an oversimplification” to say the U.S. banking system caused the 2008 economic collapse, and that blaming banks is “politicizing” the issue. “I think that there’s a lot that could have been avoided in terms of both misunderstanding and really politicizing what happened,” she insisted. In the same speech, Clinton also said, “There’s nothing magic about regulations, too much is bad, too little is bad.” ...,

Clinton told Wall Street, “I represented all of you for eight years. I had great relations and worked so close together after 9/11 to rebuild downtown, and a lot of respect for the work you do and the people who do it,” she added. She blamed the “devastating” crash of 2008 on “bad decisions.” ...

When I was a Senator from New York, I represented and worked with so many talented principled people who made their living in finance.” Clinton noted that she “did all I could to make sure they continued to prosper”  ...

Clinton stressed the importance of “a free market economy” and complimented the audience, telling them, “It’s important to recognize the vital role that the financial markets play in our economy and that so many of you are contributing to.” She added, “We all rely on the market’s transparency and integrity.” ...

Clinton maintained that politicians “need both a public and a private position.” ... “Politics is like sausage being made,” Clinton added. “It is unsavory, and it always has been that way, but we usually end up where we need to be.” ...

“My dream is a hemispheric common market, with open trade and open borders,” she said.

In the same speech, Clinton emphasized, “we have to have a concerted plan to increase trade,” and clarified that “it’s not  for governments to do. We have to resist, protectionism, other kinds of barriers to market access and to trade.” ... “I would like to see this get much more attention and be not just a policy for a year under president X or president Y but a consistent one.” ...

Clinton noted, “Running for office in our country takes a lot of money, and candidates have to go out and raise it.” She described New York, the U.S.’s “economic center,” as “the leading site for contributions for fundraising for candidates on both sides of the aisle.” ...

The Clinton campaign did not confirm the authenticity of the emails, but also did not deny it.

http://www.salon.com/2016/10/08/in-paid-speeches-hillary-clinton-said-sh...

 

jerrym

Too bad these speeches weren't released when Bernie was running. 

NDPP

Needed Now: A Peace Movement Against the Clinton Wars to Come

http://www.counterpunch.org/2016/10/07/needed-now-a-peace-movement-again...

"What a vote for Clinton really is is a vote for war."

iyraste1313

"A Peace Movement"  ..................  just recently read a piece by Max Blumenthal/Alternet on the PR firm 'Syria Campaign'...promoting No fly zones and inevitable nuclear confrontation.........

It's modus operendi speaks volumes on the capitulation of peace type organizations to big money...as soon as an organization is centralized with management and bureaucracy...guaranteed that the need for money will come before the pursuit of its initial objectives.....

the conclusion here is that such a movement to be born must be holistic......vs. centralization and bureucracy, corporate support, that sees in the  desperate need for Peace, a movement that encompasses the social, the cultural, the economic, the financials

Mr. Magoo

Big Money must be very relieved that they won't have to bankroll Trump's plans for true wealth redistribution.

voice of the damned

Mr. Magoo wrote:

Big Money must be very relieved that they won't have to bankroll Trump's plans for true wealth redistribution.

Heh heh. Yeah, remember way back in the primaries, Trump was asked about the status of Jerusalem, and replied that he had to remain neutral on that, because as POTUS it's something he'd need to negotiate? Then, a few weeks(and likely many panicked meetings) later, he shows up at some pro-Israel conference and says that he wants to move the US embassy to Jerusalem?

Or when he was originally blustering about how he was gonna pull out of NATO if the other countries didn't pony up more cash, and then reversed himself by saying that, oh, I hear they started a committee on terrorism(or something), that's good, very good, so maybe we won't need to withdraw.

You can pretty much expect the same thing on economics if Trump wins the presidency. My guess would be, he slaps a tariff on something or other, and brags about how this constitutes "tearing up NAFTA", or "really showing the Chinese who's boss", and his fan base swallows it hook, line etc because they really weren't paying much attention to begin with

voice of the damned

And I think the more signifcant thing with HRC's Wall Street speeaches is who IS paying attention. That would be Sanders supporters and other left-wingers. I think those leaks were aimed not at pulling votes toward Trump, but at pulling votes away from Clinton and toward the Greens, or maybe just the stay-at-home option.

NDPP

A Government is Seizing Control of Our Election Process, And It is Not the Russians

http://readersupportednews.org/opinion2/277-75/39595-focus-a-government-...

"There is an attempt underway for a government to take control of our election process and throw the election to Hillary Clinton. It is not the Russian government.

Mark this day. It is when we came to understand that the American government decided to elect a president."

mark_alfred

Clearly Trump is going to lose.  It's now a question of whether the Democrats win both houses as well.  If that occurs, they'd have no excuse for not moving forward on reforms like gun control.

jerrym

While Trump landed some verbal punches during last night's debate, the visuals of him hovering behind Hilary with a scowling look disturbed many watchers, especially women who already were upset with his lewd videotaped comments. The video of Trump walking up right behind her at the site below is creepy.

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Twitter Is Freaking Out Over Donald Trump Walking Right Behind Hillary Clinton 

Donald was lurking during the second presidential debate.

Twitter Is Freaking Out Over Donald Trump Walking Right Behind Hillary Clinton   Pool / Getty Images

During the second presidential debate at Washington University in St. Louis, Donald Trump was getting dangerously close to Hillary Clinton. During the first half of the debate, Trump began to hover and follow Hillary while she was responding to questions. Twitter picked up on his aggressive behavior and were made uneasy by Donald's looming presence, sharing posts of the image with, "It Follows." View the best reactions below. 

 

http://www.thefader.com/2016/10/09/twitter-donald-trump-lurking-hillary-...

 

jerrym

The Republicans now face a dilemma with the Frankenstein monster, which they have created over the decades with their racist and misogynist dog whistles, chasing them across the ice flows.

This is clear from the "furious Trump supporters" disruption of Paul Ryan's speech on Saturday after he disinvited Trump to the Wisconsin rally. 

The fact that Trump did better at last night's debate has made the problem worse for the Republicans. Trump's loyal supporters will stick by him after he failed to melt down and attack 'mainstream Republicans' if they don't support him, but will lose many independents and moderate Republicans, especially women repulsed by his misogyny and racism. No matter which side they come down on, they lose.

All of this has occurred in a year when Hilary has made herself so beatable. 

Quote:

Furious Donald Trump supporters have tried to disrupt Paul Ryan's speech in Wisconsin, after the Speaker uninvited the Republican nominee from the event.

Trump had been scheduled to appear with Ryan at the event in Elkhorn on Saturday, however he was told to stay home after a recording from 2005 on which he made offensive comments about women emerged.

Trump's running mate Mike Pence was to fill in for Trump, but the Indiana governor canceled hours before the annual 'Fall Fest' event began. ...

Defiant Trump supporters voiced their frustration at Ryan and other Republicans who spoke at the county fairgrounds in front of two large American flags, rows of pumpkins and stacks of straw. 

Ryan - who said Friday he was 'sickened' by Trump's words - was heckled with shouts of 'shame on you' and 'you turned your backs on us!'

Trump tweeted about the rally on Saturday night: 'Thank you to my great supporters in Wisconsin. ...

Wisconsin Attorney General Brad Schimel, the only speaker to directly address Trump's crude remarks, was heckled when he said 'I know Donald Trump has said some things that are bad.'

'Get over it!' someone shouted. ...

Ryan obliquely referred to the furor as 'a bit of an elephant in the room,' at the opening of his 7-minute speech.

'It is a troubling situation, and I'm serious, it is,' Ryan said. 'I put out a statement about this last night. I meant what I said and it's still how I feel. But that is not what we are here to talk about today.'

Other speakers - including Sen. Ron Johnson and Gov. Scott Walker - didn't mention Trump and instead focused on state contests, such as Johnson's Senate race with Democrat Russ Feingold. But Walker and Johnson both released statements ahead of the event denouncing Trump.

http://www.dailymail.co.uk/news/article-3828811/Trump-supporters-PROTEST...

 

jerrym

Trump's dissing of running mate Mike Pence at the debate further highlights the growing problems between the neocons and the Russnik Trump.

 

Quote:

Payback? Donald Trump Disses Running Mate Mike Pence on Debate Stage

Donald Trump hinted at strife with running mate Mike Pence during the contentious second presidential debate Sunday evening.

On the debate stage in St. Louis, moderator Martha Raddatz asked Trump what he would do as president “about Syria and the humanitarian crisis in Aleppo.” Raddatz pointed out that Pence, the Indiana governor, told the audience in last week’s vice presidential debate that “provocations need to be met with American strength.”

In a move that pundits later called unprecedented in a presidential debate, Trump made it abundantly clear he doesn’t share Pence’s position.

“He and I haven’t spoken and I disagree,” Trump said. “Syria is no longer Syria. I believe we have to get ISIS. We have to worry about ISIS before we can get too much more involved.”

The very public disagreement struck some, like conservative commentator Bill Kristol, as Trump throwing Pence under the bus.

This was only the most recent hint of a cooling between the two running mates.

During the vice presidential debate, Pence notably did not defend Trump’s most outrageous and controversial statements.

http://people.com/politics/payback-donald-trump-disses-running-mate-mike...

 

 

jerrym

The special interests and Wall Street must be happy with their expected return on the $120 million dollars they have invested in Hilary and with the media's obsessive focus on Trump's sexual proclivities. No doubt they feel Hilary will be much better at managing the plebs than an always in-your-face, overtly misogynistic, racist and narcissistic Trump.

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But in the excerpts, Ms. Clinton demonstrates her long and warm ties to some of Wall Street’s most powerful figures. In a discussion in the fall of 2013 with Lloyd Blankfein, a friend who is the chief executive of Goldman Sachs, Mrs. Clinton said that the political climate had made it overly difficult for wealthy people to serve in government.

“There is such a bias against people who have led successful and/or complicated lives,” Mrs. Clinton said. The pressure on officials to sell or divest assets in order to serve, she added, had become “very onerous and unnecessary.”

In a separate speech to Goldman Sachs employees the same month, Mrs. Clinton said it was an “oversimplification” to blame the global financial crisis of 2008 on the U.S. banking system.

“It was conventional wisdom,” Mrs. Clinton said of the tendency to blame the banking system. “And I think that there’s a lot that could have been avoided in terms of both misunderstanding and really politicizing what happened.” ...

And she praised a deficit-reduction proposal from President Obama’s fiscal commission that called for raising the Social Security retirement age, saying that the commission’s leaders “had put forth the right framework.”

Such comments could have proven devastating to Mrs. Clinton during the Democratic primary fight, when Mr. Sanders promoted himself as the enemy of Wall Street and of a rigged economic system. ...

The Clintons have made more than $120 million in speeches to Wall Street and special interests since Bill Clinton left the White House in 2001.

 

http://www.nytimes.com/2016/10/08/us/politics/hillary-clinton-speeches-w...

 

jerrym

An October 8-9 NBC/WSJ poll conducted after Trump's sex tape was released but before the debate found Clinton with 46% support to Trump's 35% - a 11% gap and increase of 5% from the last poll by NBC/WSJ. The sex scandal is hitting Trump hard. The die looks more and more cast.

 

 

Quote:

About one-third of voters said they saw Mr. Trump’s comments on the tape as inappropriate, but typical of how some men talk in private, in keeping with Mr. Trump’s description of his remarks as “locker room talk.’’

By contrast, a larger share, 41%, said agreed with the statement that Mr. Trump’s comments were “completely unacceptable” and had crossed a boundary into describing ``touching women in a sexual way without their consent.’’ 

Asked who they would back for president, 72% of Republicans said they would vote for Mr. Trump, well below the 85% of Democrats backing Mrs. Clinton. That stands as a troubling sign for the GOP nominee. There are usually fewer Republicans than Democrats in the presidential voter pool, and GOP nominees cannot afford to lose many members of their own party.

The weekend survey found signs of women moving away from Mr. Trump. Mrs. Clinton’s advantage among women increased to 21 percentage points, from 12 points in the September Journal/NBC Survey. Mr. Trump retained a small, single-point advantage among men.

http://www.wsj.com/articles/donald-trumps-support-falls-in-wake-of-lewd-...

 

 

 

jerrym

In an effort to save the House for Republicans and his Speakership, Paul Ryan has told House Republicans on a conference call that he will not defend or campaign with Trump. In other words he is giving up on winning the Presidency. However,  CNN is reporting  that during the conference call he got lots of pushback from Trump House candidates who see this as making the situation worse. The Republicans look increasingly split in two or even more parts. 

Quote:

House Speaker Paul Ryan will not campaign with or defend Donald Trump through the November election, according to a knowledgeable source who participated in a phone call with House GOP lawmakers on Monday morning.

“The speaker is going to spend the next month focused entirely on protecting our congressional majorities,” said Ryan spokeswoman AshLee Strong.

The Wisconsin Republican canceled an appearance with his party’s presidential nominee over the weekend after a 2005 videotape surfaced of Trump making lewd comments about women. He said he was “disgusted” by the comments, but did not at that time withdraw his support for Trump.

The speaker, who has pledged to vote for Trump, did not address whether he would revoke his official endorsement, said a second source present on the call. The tone of that call, which lasted roughly an hour, added that source, was “nervous.” ...

Republicans who participated in the post-debate conference call Monday morning are becoming increasingly worried about their chances of holding onto their 30-seat House majority as Trump lags dangerously behind Hillary Clinton in the polls.

https://www.washingtonpost.com/news/powerpost/wp/2016/10/10/paul-ryan-wo...

 

jerrym

Former Ted Cruz Communications Director Rick Tyler said on MSNBC today that Trump's real agenda is even more clear now - not to win the election but to use it start a Trump-controlled Breitbart Media after the election (something already suggested before) with Steve Bannnon, as they must know that the Trump attacks, especially the put-Hilary-in-jail comments, during the debate won't increase voter support but will fuel Breitbart Media attacks during the four years of a Clinton presidency.

jerrym

Unable to resist any perceived slight, Trump is now attacking Paul Ryan in his usual manner - a Tweet - thereby opening the Republican wounds wider.

 

Quote:

Trump is apparently not happy about Paul Ryan’s comments today and attacked him on twitter a few moments ago:

Donald J. Trump ✔@realDonaldTrump

Paul Ryan should spend more time on balancing the budget, jobs and illegal immigration and not waste his time on fighting Republican nominee

10:22 AM - 10 Oct 2016

Instead of putting on a pretty face and saves the attacks for behind the scenes, Trump tweets this out on his android phone for all to see. 

As if he weren’t on shaky ground already in this race, he decides to shake it up more. 

The media will have a field day with the infighting…

http://therightscoop.com/trump-tweets-attack-response-paul-ryan-refusing...

 

 

Mr. Magoo

To whatever degree Big Business is rooting for Clinton, I suspect it has less to do with her actual economic policies, or tax initiatives, and more to do with her representing some degree of stability.  Trump's policies would probably have been good for them too, but he represents chaos and uncertainty and business understandably doesn't care much for that.

jerrym

Earlier today MSNBC reported that with the Dow up more than 100 points and that Wall Street liked that Clinton did well in the debate.

Progressives are organizing in the US to put pressure on Hilary to fulfil her promises and meet progressive demands. Yesterday, Heather McGhee, the Black female President of Demos, "a United States based ... multi-issue national organization, Demos combines research, policy development and advocacy to influence public debate and catalyze progressive change" (https://en.wikipedia.org/wiki/Demos_(U.S._think_tank) said on NBC's  Meet the Press:

Quote:

Heather McGhee: 

And trust me, you know, I'm as progressive as anyone. My organization has been fighting to rein in Wall Street's abuses. We know exactly what we get with Hillary Clinton. 

CHUCK TODD: 

Do you trust her? 

Heather McGhee: 

Actually, in some ways knowing that someone is such a politician that they actually go to the center of the political moment has made it, I think, easier for progressives to know how to organize after January. I'm serious. In January, we know that actually as opposed to what happened when Barack Obama came into office, this is what progressives talk about right now. Nobody wanted to organize against him and push him to the left.

http://www.nbcnews.com/meet-the-press/meet-press-october-9-2016-n662746

 

jerrym

Don't get me wrong. Stopping the Fascist Trump is important. Even most dictators don't talk about putting their opponent in prison until after their so-called election to power. However, I want to see more than that from Clinton and hopefuly a Democratic Congress, although winning the House is still a long shot.

Mr. Magoo

Here's the thing with American elections:

1.  Functionally, it's a two party system.  Certainly, third and fourth and fifth parties are included too, but currently it's not reasonable to expect that any will win.  A big part of that is the very system itself, but another big part is that third and fourth and fifth parties seem to want to parachute in on election years, and basically act like first-time job seekers applying for the position of CEO, or University President.

2.  Voting has a genetic component.  If your pappy voted Republican then you're genetically predisposed to voting Republican.  Just like any other religion!  How often do two Catholic parents gave birth to a Buddhist?  Literally the day after any Presidential election, there will be voters whose preference in the NEXT election may as well just be counted right now... nothing will change their minds.

3.  Americans seem to actually like it this way.  No American will ever suggest that football would be a better game with three teams on the field.  There should be a winner, and a loser.  And the winner should enjoy four years of getting their wishes granted, and the loser should enjoy four years of sucking it.  Which is why the stakes are so high.

Michael Moriarity Michael Moriarity's picture

Mr. Magoo wrote:

To whatever degree Big Business is rooting for Clinton, I suspect it has less to do with her actual economic policies, or tax initiatives, and more to do with her representing some degree of stability.  Trump's policies would probably have been good for them too, but he represents chaos and uncertainty and business understandably doesn't care much for that.

I couldn't agree more with this point.

jerrym

Jordan Chariton discusses in detail the failure of the media to discuss in any meaningful way the Clinton-Wall Street WikiLeaks below.

 

Quote:

On CNN’s “State of The Union” Sunday morning, Jake Tapper decided to ask VP nominee Tim Kaine several questions about Trump’s conduct, saving one softball question for the end of the interview on Clinton’s speeches.

Predictably, Kaine dodged with the usual Democratic talking point that Russia is behind the leaks, and as a result, the content is besides the point. In this case, Tapper also allowed Kaine to suggest the latest WikiLeaks might not even be authentic, even though WikiLeaks has a 100% accuracy record over 10 years.

MSNBC, The New York TimesAssociated PressWashington Post have all followed suit with the kid-gloves treatment of Clinton’s wet kiss to Wall Street—so your humble correspondent will do the heavy lifting for the folks who should be.

In one of the most telling speeches, Clinton said you need to have a “public and private position” in politics since “people get a little nervous” if they see the “back room” sausage making that goes on.

TRANSLATED: don’t focus on what I say in speeches or in the next few years on the campaign trail; my words are simply for public consumption and electoral strategy; what I’ll actually try and deliver is an entirely different matter.

In another element of that excerpt glossed over by the media, Clinton turns back the clock to credit one of her “favorite predecessors,” Secretary of State William Seward, who helped Lincoln pass the 13th amendment when he “called some of his lobbyist friends who knew how to make a deal.”

TRANSLATED: bankers and lobbyists are welcome when I’m the one doing the sausage-making in the Oval Office.

Speaking with Goldman Sachs, Clinton’s empathy for Wall Street was on full display, bemoaning the “misunderstanding” and “politicizing” that’s taken place regarding the bankers role in sparking the 2008 economic crash.

I think that there’s a lot that could have been avoided in terms of both misunderstanding and really politicizing what happened with greater transparency, with greater openness on all sides, you know, what happened, how did it happen, how do we prevent it from happening?

TRANSLATED: It’s easy to blame you guys for taking risks and getting a little creative with other people’s money; but overall, the economy and “free market” can’t run without your brilliance and foresight, so people are just missing the big picture.

Speaking to Deutsche Bank, Clinton suggested that the best people to craft financial reform is…Wall Street!

“There’s more that can and should be done that really has to come from the industry itself, and how we can strengthen our economy, create more jobs at a time where that’s increasingly challenging, to get back to Teddy Roosevelt’s square deal. And I really believe that our country and all of you are up to that job.”

TRANSLATED: Don’t worry about me dropping the hammer on you; in the end, you guys just keep writing the checks—I’ll take care of the rest.

In one of the more damaging things Clinton said in terms of the electoral map (i.e. Rust Belt states), the on-again-off-again free trade lover said we have to “resist” protectionism and embrace her “dream” of a “hemispheric common market, with open trade and open borders.”

TRANSLATED: sure, working people lose their jobs here or there when we write trade deals that enrich bankers like you, but in the big picture, is there anything better than driving down the costs of production and goods?

There’s plenty of more damaging excerpts leaked in Clinton’s speeches——you can watch my take on them at TYT Politics. Unfortunately, millions of Americans tuning into tonight’s second presidential debate will be hearing about them for the first time.

Why? Because our media is more focused on taking down the Trump monster it created than offering some balanced coverage of the other, naturally-less-appalling-to-them scandal of a presidential candidate being exposed as fraudulent.

Or, in Mitt Romney vernacular…a walking “Etch a Sketch.”

http://www.mediaite.com/online/why-hillary-clintons-wet-kiss-to-wall-str...

 

Mr. Magoo

Trump's not necessarily done for, jerrym.  Keep your fingers crossed.