Wall Street dreams of a 'centrist' candidate who can beat Trump but who will still cut their taxes
Who knows exactly what to make of this Politico story interviewing (mostly anonymously, of course) “top Wall Street executives” as they struggle to decide who to support during the next presidential election. The short version is that Wall Street is quite pleased with Republican tax cuts and Republican efforts to burn down the nation’s regulatory structures. But does it have to come with so much, you know, fascism?
“I’m a socially liberal, fiscally conservative centrist who would love to vote for a rational Democrat and get Trump out of the White House,” said the CEO of one of the nation’s largest banks, who, like a dozen other executives interviewed for this story, declined to be identified by name for fear of angering a volatile president. “Personally, I’d love to see Bloomberg run and get the nomination. I’ve just never thought he could get the nomination the way the primary process works.”
Aside from Michael Bloomberg, who is well thought of by billionaires as someone who can understand the plight of billionaires, Politico identifies Democrats Joe Biden, Cory Booker, Kirsten Gillibrand, and Kamala Harris as the top Wall Street picks.
“It can’t be Warren and it can’t be Sanders,” said the CEO of another giant bank. “It has to be someone centrist and someone who can win.”
Centrism! We want centrism! LGBT rights fine, but new regulations on Wall Street would be oppressive! That is where we draw the line!