Wall Street Democrats are threatening to back Trump if Warren is nominated. She probably doesn't care.
Sen. Elizabeth Warren (D-Mass.) just earned a free campaign advertisement.
As the candidate surges in the 2020 race on a platform of big business breakups, some Wall Street Democrats have indicated they'd hold onto their usual donations or even send them to President Trump if she ends up the nominee, CNBC reports. But seeing as Warren has had no trouble condemning banks and the absurdly wealthy throughout her time in government, that's probably not going to influence her campaign.
Warren has spent her campaign calling for a wealth tax, higher big business taxes, and a massive breakup of conglomerates in the tech and finance industries. Unsurprisingly, some finance types are not big fans. One senior private equity executive told CNBC they felt "in a box" because, while they "want to help the party," Warren is "going to hurt me." "They will not support her. It would be like shutting down their industry," an executive at a top bank similarly said of his industry.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But as soon as the CNBC story went up, tweets that surmised Warren's reaction came pouring in. Some pundits guessed the article would end up in a Warren fundraising email. The Washington Free Beacon's David Rutz suggested Warren herself gave a quote in disguise. And The Washington Post's Dave Weigel jokingly asked if the Warren campaign paid for the article altogether.
A spokesperson for Warren declined to comment to CNBC, but her approval of an earlier CNBC clip reporting that Wall Street executives are afraid of a Warren presidency speaks for itself. Kathryn Krawczyk
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
Is the US about to lose its measles elimination status?Today's Big Question Cases are skyrocketing
-
‘No one is exempt from responsibility, and especially not elite sport circuits’Instant Opinion Opinion, comment and editorials of the day
-
Businesses are caught in the middle of ICE activitiesIn the Spotlight Many companies are being forced to choose a side in the ICE debate
-
Rep. Ilhan Omar attacked with unknown liquidSpeed Read This ‘small agitator isn’t going to intimidate me from doing my work’
-
Democrats pledge Noem impeachment if not firedSpeed Read Trump is publicly defending the Homeland Security secretary
-
The billionaires’ wealth tax: a catastrophe for California?Talking Point Peter Thiel and Larry Page preparing to change state residency
-
Hegseth moves to demote Sen. Kelly over videospeed read Retired Navy fighter pilot Mark Kelly appeared in a video reminding military service members that they can ‘refuse illegal orders’
-
Trump says US ‘in charge’ of Venezuela after Maduro grabSpeed Read The American president claims the US will ‘run’ Venezuela for an unspecified amount of time, contradicting a statement from Secretary of State Marco Rubio
-
Bari Weiss’ ‘60 Minutes’ scandal is about more than one reportIN THE SPOTLIGHT By blocking an approved segment on a controversial prison holding US deportees in El Salvador, the editor-in-chief of CBS News has become the main story
-
CBS pulls ‘60 Minutes’ report on Trump deporteesSpeed Read An investigation into the deportations of Venezuelan migrants to El Salvador’s notorious prison was scrapped
-
Trump administration posts sliver of Epstein filesSpeed Read Many of the Justice Department documents were heavily redacted, though new photos of both Donald Trump and Bill Clinton emerged
