Wall Street wasted no time in throwing its support behind Vice President Kamala Harris' presidential bid, according to reports on Wednesday.
For those of you hoping that Harris won't eat up Wall Street money and hand over control of the White House to an elite of millionaires and billionaires, Bloomberg has some bad news. news Apparently, Wall Street Democratic donors have a “clear mandate” to back Harris with loads of cash.
“I've been fundraising pretty intensively and I'm going to be using all of my network to help her get elected,” Bob Clark, of real estate developer Clayco, said, according to the outlet. “I've sent out endorsements with links to all of my network and I'm not sure how that will turn out, but I'll definitely start making phone calls.” (Related article: “High inflation could be devastating,” JPMorgan executive warns)
But Harris' approach to fundraising and Wall Street support doesn't actually bode well for her to win the presidency, and if she does win, these elites may be trying to cast her as the ultimate scapegoat, a personal plaything.
Self-help star endorses Kamala, then immediately regrets it because of fanshttps://t.co/xA4SDSFDo0
— Daily Caller (@DailyCaller) July 23, 2024
When President Joe Biden left office on Twitter and passed away, Harris inherited about $96 million. But this was after Biden's campaign had somehow burned through 93% of the money it had raised in June. Suddenly, Harris raised about $100 million within 36 hours of deciding to run for the nation's highest office. Her campaign claimed that 62% of these donors were first-time donors.
But how many of these people are regular people like you and me? I feel like we all know the answer. The people who died of drug addiction and overdoses across Harris' California surely didn't put a penny in her pocket. And I hope their families didn't either. (Related: Biden administration officials host “investor forum” with billionaire who's who from BlackRock to Google)
Harris and her husband, Doug Emhoff, will be appearing at a series of fundraising events from Martha's Vineyard to Nantucket, featuring artists like James Taylor, Yo-Yo Ma and David Letterman — all of whom, you know, are just like average Americans struggling in this faltering economy (or not).
Is it just me, or does this approach seem to give Hillary Clinton a victory circa 2016. Remember, how did that go?
You can't mark this unreadhttps://t.co/fxt1pFEVvK
— Daily Caller (@DailyCaller) September 7, 2022
In the back of my mind, I can't help but think that Wall Street may have something bigger to do. After years of warnings, the US may finally see that dreaded crash next year, or even within the next few months. If I were a Wall Street banker, real estate developer, or anyone mentioned in the Bloomberg article, I would be focused only on preserving my assets and weathering this disaster. (Related: Financial Expert Explains Why the Economy Will Collapse with the Perfect Tweet)
And I will choose my president based on who will bail me out, not who is likely to hold me accountable for doing this to the American people again.
If this is true, Wall Street and others present Harris with a dilemma: Support the banks as “yes-man” puppets and she is sure to lose a second term; support the people and she will lose the elites who funded her presidency. Either way, this whole situation seems like another perfect example of why the root of all evil is the greed of money.