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Wall Street Democrats Warn They’ll Sit Out 2020 Presidential Election or Support Trump if Warren is Nominee

Wall Street Democrats Warn They’ll Sit Out 2020 Presidential Election or Support Trump if Warren is Nominee

“You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump.’”

Some Democrats who work on Wall Street said they will sit out the 2020 election if the Democrats nominate Sen. Elizabeth Warren (D-MA).

They even threatened to help reelect Donald Trump if the person who “created much of the intellectual foundation” of Occupy Wall Street is the party’s standard bearer.

Brian Schwartz reports at CNBC:

Wall Street Democratic donors warn the party: We’ll sit out, or back Trump, if you nominate Elizabeth Warren

Democratic donors on Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle — or even back President Donald Trump — if Sen. Elizabeth Warren wins the party’s nomination.

In recent weeks, CNBC spoke to several high-dollar Democratic donors and fundraisers in the business community and found that this opinion was becoming widely shared as Warren, an outspoken critic of big banks and corporations, gains momentum against Joe Biden in the 2020 race.

“You’re in a box because you’re a Democrat and you’re thinking, ‘I want to help the party, but she’s going to hurt me, so I’m going to help President Trump,’” said a senior private equity executive, who spoke on condition of anonymity in fear of retribution by party leaders. The executive said this Wednesday, a day after Speaker Nancy Pelosi announced that the House would begin a formal impeachment inquiry into Trump.

During the campaign, Warren has put out multiple plans intended to curb the influence of Wall Street, including a wealth tax. In July, she released a proposal that would make private equity firms responsible for debts and pension obligations of companies they buy. Trump, meanwhile, has given wealthy business leaders a helping hand with a major corporate tax cut and by eliminating regulations.

Of course, Warren is reveling in this news:

Just last week, a wealthy and influential investor had a similar message about the prospect of a Warren presidency.

Shawn Langlois reported at Market Watch:

Billionaire investor on Elizabeth Warren as president: Market might not even open

That’s Leon Cooperman, the billionaire boss at Omega Advisors, joking to a crowd at the Delivering Alpha conference in New York this week about what a win for the left could ultimately mean for investors.

He wasn’t joking, however, in his belief that somebody like Elizabeth Warren in the White House would be disastrous for the stock market.

“The Democratic Party seems to be leaning towards the left on policies, which is very harmful for the economy. I don’t like the shift to the left,” he explained to CNBC, adding that the market, of course, will open, but it won’t be pretty.

“It would be a bear market and they go on for a year and go down 25%,” he said. “You don’t make the poor people rich by making rich people poor.”

As I’ve said before, I think the Democrats vastly overestimate Warren’s appeal on a national stage.


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A trader I know warned that the Market be LIMIT DOWN for a week.

Elizabeth Warren would issue in an EAT YOUR DOG Economy.

Ha! It’s looking more and more like she’ll be the nominee (unless they pull a DNC move like 2016).
Trump 2020 it is!

    notamemberofanyorganizedpolicital in reply to lc. | September 27, 2019 at 12:07 pm

    We already know Hillary has been meeting with Lizzie Warren to “give” her advice.

As discussed by Thomas Lifson at The American Thinker, Fauxcahantus’ BFF, Hillary, the Wicked Witch of Chappaqua, is getting ready to steal the oxygen from the current Clown Car occupants. It seems Moloch’s Party is preparing for outright civil war against itself and the American People.

    notamemberofanyorganizedpolicital in reply to SeniorD. | September 27, 2019 at 12:11 pm

    Good article. Thanks.

    RE: As Biden falters, Hillary attacks Trump and positions herself to enter presidential race

    – By Thomas Lifson
    September 27, 2019

Wall Street Democrat. A fool playing Russian roulette.

Biden was targeted from the earliest days. The DNC were not going to run him despite his front line polling. He’s old and white. Unless he turns Trans he was toast from day one. Recall this story of his corruption came out a while ago, it isn’t new information.
Bernie would have been hit with much more but he isn’t generating the following he had last go around. He has the same issue with being white and a male (hard to call him a man).
Harris was the desire of the Obamas, but she has little appeal to the blacks, they know her kind.
The left are running out of options.
Drafting Big Mike or Hillary could be their only recourse. I don’t think that will go over very big.

“You don’t make the poor people rich by making rich people poor.”

Warren & Burnie don’t wanna make poor people rich, they wanna make rich people poor.

Well, except for themselves, of course.

So now they are getting a small taste of what it’s been like being a “conservative” Republican. Late to the game. Voters are way ahead of the money these days. They have finally joined the big circle in the middle of Trump’s Venn diagram composed of unaffiliated independent voters. We disgruntled former Republicans are angry for the same reason as the disgruntled former Democrats.

You would think that by now we would have found a way to talk to each other and organize to take the country back. Thank God Trump figured out a way to get us to vote together. We independents were looking for a 3rd alternative against the uniparty royalty and we found it with Trump. Now can we talk?

    I think of them as the “Leave Us Alone!” democrats, who like the thought of all of the wonderful things their candidates talk about, but know how much it will foul up their lives and take control of everything they do. Trump is leaving them alone. They like that.

Is it wishful thinking on my part?
Elizabeth Warren, I see her name or hear her voice and all I can picture is Wendy Davis. Nah, just wishful nonsense.

The Dems will never give up their beloved big-money people. And that makes serious socialists (rather than the un-serious and un-dangerous Sunday Socialist types) anathema to the Party. So the DNC will do whatever it must to ensure that neither Bernie nor Lizzie the Red are the candidates. This was apparent several months ago, when the serious socialist thing began to pervade the news.

If Wall Street has finally recognized the menace, well, they’re more alert than I thought they were. They eventually recognize a mortal enemy when it becomes too big to ignore. If only Jewish voters were so perceptive.

JackinSilverSpring | September 27, 2019 at 10:40 am

tom_swift, I agree with you about Jewish voters, but as Dennis Praeger said, the first time he voted Republican was more difficult for him than when he first ate a ham sandwich (when he lapsed from Orthodoxy).

A leftist crackpot Harvard lawyer becomes President…

What could possibly go wrong? Answer: EVERYTHING.

And yet “wall street” will support a witch like Clinton?

All this means is that Warren has yet to meet in private with the wall street donors to tell them not to worry, her public words are just that and she will be as corrupt as required.

Same thing Clinton did.

Warren seems to have the highest likelihood of doing real long-term damage to the economic miracle that is the US.

am encouraged that the big $$$ folks are actually finding their cojones and speaking publicly against all her socialist/leftist noise–no small feat in the face of a blatantly hostile(to conservatives, even democrat conservatives)media–whether they will ultimately support trump or not, would be willing to surmise that these folks have considerably more following in the real world than any of the leftists possess on twitter/social media–as the saying goes, ” when the BIG cats get anxious, you’d better have both eyes open. “

notamemberofanyorganizedpolicital | September 27, 2019 at 6:39 pm

The DEMS Surprise “Dark Horse” will be……
HILLARY fresh back from Hell!

“As Biden falters, Hillary attacks Trump and positions herself to enter presidential race – By Thomas Lifson, September 27, 2019

“Her choice of the word “tornado” is a poker tell — resonant for those old enough to remember how her former business partner Jim McDougal served as her fall guy for the Whitewater affair, a real estate development scheme that failed amid crime and scandal. McDougal died in prison at the age of 58, convicted of fraud by Independent Counsel Kenneth Starr after the collapse of Madison Guaranty Savings & Loan in Arkansas, the lender he ran that financed the Whitewater real estate scam that the Clintons hoped would earn them their first fortune. Before his death, McDougal ruefully observed about his and his wife Susan’s imprisonment, as well as the other people whose futures were sacrificed while the Clintons remained above the law:

“I think the Clintons are really sort of like tornadoes moving through people’s lives,” he once said. “I’m just one of the people left in the wake of their passing by.”

Biden probably doesn’t realize that he is being set up as a fall guy just like McDougal. The prima facie corruption of his totally unqualified son receiving six hundred grand a year from a Ukrainian oligarch while Biden was the point man on Ukraine for Barack Obama will be the shiny object for the counter-attack on the current Democrat impeachment frenzy. Meanwhile, the larger picture of Ukrainian corruption’s role on the 2016 election will fall by the wayside:…”

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Wouldn’t Obama be the best choice for the progressive fascist’s Dear Leader?