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Archive for October 8th, 2016

As Donald Trump reeled from his latest stupidity, Wikileaks released over 200,000 emails of John Podesta, Hillary Clinton’s presidential campaign manager. There were several revealing statements about Clinton.

hillary-clinton

According to the Daily Beast, “The statements by Clinton, which were gleaned from documents that have yet to be authenticated by The Daily Beast, were made in private settings to big banks and Wall Street firms. The speeches appear to paint her in the worst possible light: two-faced, out of touch, secretive and subservient to Wall Street. And in the most explicit way possible, validate Bernie Sanders’ criticisms of her during the Democratic primary.”

Perhaps the most damaging to Clinton—and most validating to Sanders—will be her fawning speeches about Wall Street—to Wall Street. In her remarks, Clinton appears to prove Bernie right. At a Goldman Sachs symposium in 2013, Clinton said that when she began traveling as Secretary of State, people would “yell at me for the United States and our banking system” causing the financial crisis.

“Now, that’s an oversimplification we know,” Clinton assured the Goldman Sachs audience. “But it was the conventional wisdom.”

“Was the conventional wisdom?” Wrong! Study after study puts the blame squarely on Wall Street for the economic meltdown of 2008.

In another excerpt, Clinton says those who work inside a regulated industry are best poised to then regulate the industry. “How do you get to the golden key, how do we figure out what works? And the people that know the industry better than anybody are the people who work in the industry,” she allegedly said.

berniesanders-wallst Apparently, Clinton approves of the revolving door between Wall Street and government. So we know she doesn’t want much regulation of Wall Street, unless Wall Street appoints the regulators.

“Speaking about her prior run for president in 2008, Clinton also says she is beholden, in a way, to big special interests such as the big banks, because “it would be very difficult to run for president without raising a huge amount of money and without having other people supporting you because your opponent will have their supporters.”

“I’m kind of far removed,” Hillary said, from the struggles of the middle class and “growing sense of anxiety and even anger in the country” because of the “fortunes” that she and former President Bill Clinton currently enjoy.

The Clinton’s have made over $150 million from speeches to big business since President Clinton left office. That includes millions from Wall Street. I wonder where her loyalties are? It should be obvious about what Sanders says above. But he could’ve also said, “It is Wall Street that regulates congress and the president.”

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