December 22, 2017

Elizabeth Warren Said That Hillary Clinton Was Beholden To Wall Street

What (Really) Happened, Day #27

There’s a reason Clinton World never convinced the Bernie Sanders wing to support them.

1. Hillary Clinton repeatedly said one thing and did another.

2. Bill Clinton slammed President Obama’s legacy.

3. Their supporters initially lobbied for liberal causes — but then switched teams when they were paid to do the opposite.

4. Their allies constantly attacked Bernie Sanders, alienating his supporters instead of appealing to them.


It wasn’t just Bernie Sanders, though. Lawmakers in the progressive wing of the Democratic Party always had an issue with Hillary Clinton’s proximity to special interests, even before she raked in more lobbyist cash than the entire Republican field combined.

One of those lawmakers was Elizabeth Warren, who in 2004 (!) criticized her for supporting controversial bankruptcy legislation and told the world that Hillary Clinton was beholden to Wall Street.


ELIZABETH WARREN: She voted in favor of it.


WARREN: As Senator Clinton [as opposed to First Lady Clinton], the pressures are very different. It’s a well-financed industry. You know, a lot of people don’t realize that the industry that gave the most money to Washington over the past few years was not the oil industry, was not pharmaceuticals. It was consumer credit products. Those are the people. The credit card companies have been giving money, and they have influence.

MOYERS: And Mrs. Clinton was one of them as senator.

WARREN: She has taken money from the groups, and, more to the point, she worries about them as a constituency.

MOYERS: But what does this mean, though, to these people? These millions of people out there whom the politicians cavort in front of as favoring the middle class and then are beholden to the powerful interests that undermine the middle class? What does this say about politics today?

WARREN: You know this is the scary part about democracy today.