Now that New Jersey Governor Chris Christie has been severely damaged by the Bridgegate scandal, Republicans on Wall Street are desperately searching for a candidate they can count on to do their bidding in 2016. With a distrust for Senator Ted Cruz or Senator Rand Paul to follow orders, some are hoping former Florida Governor Jeb Bush might step into the race.
But Bush fatigue may have even reached Manhattan as Wall Street Republicans eye another candidate to invest in, Hillary Clinton.
Clinton has already been doing the Wall Street rounds taking $400,000 from Goldman Sachs for “speeches.” During her husband’s administration Wall Street had firm control of the Treasury Department with former Goldman Sachs CEO Robert Rubin in charge and later high paid Wall Street consultant Larry Summers. As a Senator, Hillary Clinton favored Wall Street over the public on a number of key issues including the highly controversial bankruptcy reform bill.
Wall Street Republicans apparently remembered Hillary Clinton’s favorable postions and now that their first choice has crashed are seeing Clinton as a good asset to invest in.
The darkest secret in the big money world of the Republican coastal elite is that the most palatable alternative to a nominee such as Sen. Ted Cruz of Texas or Sen. Rand Paul of Kentucky would be Clinton, a familiar face on Wall Street following her tenure as a New York senator with relatively moderate views on taxation and financial regulation.
“If it turns out to be Jeb versus Hillary we would love that and either outcome would be fine,” one top Republican-leaning Wall Street lawyer said over lunch in midtown Manhattan last week. “We could live with either one. Jeb versus Joe Biden would also be fine. It’s Rand Paul or Ted Cruz versus someone like Elizabeth Warren that would be everybody’s worst nightmare.”
And there you have it, the oligarchy in action. A Bush v. Clinton election in 2016 would be a win-win for Wall Street, even Republicans on Wall Street are willing to admit that. No matter who loses Wall Street wins.
Wall Street’s domination over the American political system would likely continue under a Clinton Administration. Hillary Clinton has already said she believes anti-Wall Street rhetoric is “foolish.” That banksters are necessary not parasites.
With America’s middle class declining and books like Thomas Piketty’s Capital number 1 on Amazon no wonder Wall Street is interested in installing a friendly face to power.
Photo by US Department of State under public domain.