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Warren is losing friends in the Senate
Posted on: November 4, 2019 at 16:38:18 CT
Spanky KU
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Some finance executives have recently told Chuck Schumer that they are holding back from donating to Democrats running for Senate in 2020 due to their concerns about Elizabeth Warren, sources say.
https://www.cnbc.com/2019/11/04/wall-street-shuns-chuck-schumer-donation-requests-as-elizabeth-warren-surges.html
The bitter feud between Sen. Elizabeth Warren and Wall Street is spilling into Democrats’ efforts to take back the Senate next year.
Some finance executives have recently told Senate Minority Leader Chuck Schumer that they are, for the moment, holding back from donating to Democrats running for Senate in 2020 due to their concerns with Warren becoming a front-runner in the race for the party’s presidential nomination, according to people familiar with the conversations. These people spoke on the condition of anonymity due to the private nature of the talks.
The move is intended to put pressure on party leadership and Schumer, who represents New York and has received millions of dollars in donations from Wall Street, to distance themselves from Warren’s economic populism.
These financiers, which include hedge fund managers and private equity executives, are also worried that Warren’s policies, were she to defeat President Donald Trump, could be detrimental to their businesses. They believe Republicans could keep her potential administration in check if the GOP holds onto or expands its Senate majority. Republicans have a 53-47 majority in the Senate; Democrats need to flip a net of four seats to take control.
“They feel, rightly or wrongly, attacked. Not just that there will be higher taxes, but that she is running her entire campaign as them being boogeymen,” said a political advisor familiar with the deliberations. “They don’t feel safe going to Trump, they feel disillusioned by Biden and they see this as a tactic to slow her down. They see it as a way to put pressure on the party as a whole to move away from Warren.”
This person did admit, however, that the financiers are playing right into Warren’s messaging against wealthy donors influencing politics by stonewalling Schumer on donations.
https://www.cnbc.com/2019/11/04/wall-street-shuns-chuck-schumer-donation-requests-as-elizabeth-warren-surges.html
The bitter feud between Sen. Elizabeth Warren and Wall Street is spilling into Democrats’ efforts to take back the Senate next year.
Some finance executives have recently told Senate Minority Leader Chuck Schumer that they are, for the moment, holding back from donating to Democrats running for Senate in 2020 due to their concerns with Warren becoming a front-runner in the race for the party’s presidential nomination, according to people familiar with the conversations. These people spoke on the condition of anonymity due to the private nature of the talks.
The move is intended to put pressure on party leadership and Schumer, who represents New York and has received millions of dollars in donations from Wall Street, to distance themselves from Warren’s economic populism.
These financiers, which include hedge fund managers and private equity executives, are also worried that Warren’s policies, were she to defeat President Donald Trump, could be detrimental to their businesses. They believe Republicans could keep her potential administration in check if the GOP holds onto or expands its Senate majority. Republicans have a 53-47 majority in the Senate; Democrats need to flip a net of four seats to take control.
“They feel, rightly or wrongly, attacked. Not just that there will be higher taxes, but that she is running her entire campaign as them being boogeymen,” said a political advisor familiar with the deliberations. “They don’t feel safe going to Trump, they feel disillusioned by Biden and they see this as a tactic to slow her down. They see it as a way to put pressure on the party as a whole to move away from Warren.”
This person did admit, however, that the financiers are playing right into Warren’s messaging against wealthy donors influencing politics by stonewalling Schumer on donations.
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Warren is losing friends in the Senate - Spanky KU - 11/4 16:38:18
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