The Wall Street donors that a certain chunk of our party has relied on for fundraising for the last several decades are showing their true colors:
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.
In other words, they’re taking the country hostage and if we as a party don’t heed their demands they’ll let Trump continue to run rampant. Increasing authoritarianism? Fine, just don’t raise their taxes. The threat to the rule of law? Laws are for poor people. Nazis marching in the street? Better than bank regulations apparently. Kids dying in cages? Better than smaller CEO pay to these people. Ordinary people struggling? Let them eat cake. The planet dying? They think money is all the green they need.
These people think they can hold the entire country and our party hostage with the threat to throw their money around to protect their piles of wealth from what’s really not at all unreasonable amounts of taxation and regulation. Elizabeth Warren is right, there’s a word for that: corruption.
We can’t give in to this as a party. If anything, this shows just how important it is for Elizabeth Warren to be not just our nominee but our next Democratic President. So I say we show that people power can more than make up for the money Wall Street is threatening to withhold or send to Trump. Let’s chip in to Warren’s campaign and show them that we will not be intimidated by these kinds of threats.