Dismayed by Donald Trump, Michael Bloomberg Will Endorse Hillary Clinton

[theeedude]

Wall Street has just seen Britain's Trump equivalents send UK economy into a tailspin with Brexit. They don't want it to happen in the US too.

 

[Doc Savage Fan]

Wall Street has just seen Britain's Trump equivalents send UK economy into a tailspin with Brexit. They don't want it to happen in the US too.

Yeah...that's the ticket! ROFL

 

[DrPizza]

And Wall Street is backing Clinton THIS election. Nice try though.

Hillary Clinton is Wall Street’s preferred candidate: Financial execs pouring millions into her campaign to defeat Trump
http://www.salon.com/2016/05/09/hil...ng_millions_into_her_campaign_to_defeat_trum/

Globally, those paying attention to the US elections see Trump being elected as one of the most dangerous things globally - it's in the top 10 risks: http://www.bbc.com/news/business-35828747

Introduction Donald Trump, a businessman and political novice, has now been endorsed by the Republican establishment as the party's official presidential nominee, and polls between him and (the almost as divisive) presumptive Democratic nominee, Hillary Clinton, have narrowed of late.
Analysis Although we still do not expect Mr Trump to defeat Ms Clinton, there are risks to this forecast, especially given the terrorist attack in Florida in June. Thus far Mr Trump has given very few details of his policies - and these tend to be prone to constant revision - but a few themes have become apparent. First, he has been exceptionally hostile towards free trade, including notably NAFTA, and has repeatedly labelled China as a "currency manipulator". He has also taken an exceptionally punitive stance on the Middle East and jiadhi terrorism, including, among other things, advocating the killing of families of terrorists and launching a land incursion into Syria to wipe out IS (and acquire its oil). In the event of a Trump victory, his hostile attitude to free trade, and alienation of Mexico and China in particular, could escalate rapidly into a trade war - and at the least scupper the Trans-Pacific Partnership between the US and 11 other American and Asian states signed in February 2016. His militaristic tendencies towards the Middle East (and ban on all Muslim travel to the US) would be a potent recruitment tool for jihadi groups, increasing their threat both within the region and beyond, while his vocal scepticism towards NATO would weaken efforts to contain Russia's expansionist tendencies. Elsewhere, and arguably even more alarmingly, his stated indifference towards nuclear proliferation in Asia raises the prospect of a nuclear arms race in the world's most heavily populated continent.
Conclusion Although we do not expect Mr Trump to defeat his most likely Democratic contender, Hillary Clinton, there are risks to this forecast, especially in the event of a terrorist attack on US soil or a sudden economic downturn. It is worth noting that the innate hostility within the Republican hierarchy towards Mr Trump, combined with the inevitable virulent Democratic opposition, will see many of his more radical policies blocked in Congress - albeit such internal bickering will also undermine the coherence of domestic and foreign policymaking.

http://gfs.eiu.com/Article.aspx?articleType=gr&articleId=2921

So, it's no wonder that Wall Street backs Clinton. It's not because Clinton is in their pocket, it's because Trump's policies are bad for everyone, including Wall Street.

 

[openwheel]

He is what the Republican Party should've become.

Instead the right wing base has turn the Republican Party into this Trump $hi^ show. Too much bigotry and crazy ideologies.

 

[openwheel]

Yep...but my point still stands...Wall Street is backing Clinton big time. Perhaps progressives should be taking a second look at Trump. lol

Nice, I'd much rather a Wall Street backed candidate than NRA backed candidate. I am a gun owner btw and 2nd amendment supporter.

 

[Doc Savage Fan]

Nice, I'd much rather a Wall Street backed candidate than NRA backed candidate. I am a gun owner btw and 2nd amendment supporter.

That's nice. Progressives previously demonized corporatists...now, not so much it seems. Funny how that works.

 

[Jaskalas]

Why would that be?

Trump's speech threatens Wall Street with "America first".

I do not believe it's possible achieve it, but the idea of battling globalization and wage losses is resonating on both sides. Wall Street shrieks in horror of this madman running around with mad ideas. The working people think someone actually cares to change the system... for them. Or he is an outsider / hated enough to disrupt the system. Either way he's seen as what they want, or a warning for future negotiations.

Progressives could give Wall Street a Trump President and then threaten more "Republican" damage unless concessions are made. "Trump or us... no more Clinton types, your choice." Is a fairly convincing / threatening argument, yes?

Smack the system and see what you get from it.

 

[ivwshane]

Why would that be?

You haven't heard? Trump said he'll be instituting even more wall street regulations including limiting how much money people on wall street can make. Wall street is so scared of trump right now because of how tough he will be on them!

I'm sure that is what dsf is thinking along with every other dumb ass trump supporter. I'm sure it has nothing to do with the fact that trumps economic policies are horrible.

 

[theeedude]

Banks have a vested interest in having America keep its sh!t together, no doubt about it.
But so do all Americans.

 

[Subyman]

Trumps massive tax cuts are fine with Wall Street. Wall Street doesn't have to give trump money, Trump IS Wall Street.

 

[theeedude]

Supporting Trump over tax cuts is like buying a 747 for the peanuts. At the end of the day, the political risk far outweighs the incremental benefit for people who already have more money than they can spend.

 

[CZroe]

I guess they don't share the same "New York Values."

 

[Thump553]

Those critical of Bloomberg here seem to be expressly opinions based purely on kneejerk reactions to their particular hot button issue (unlimited and unrestricted guns) and don't know Bloomberg or his history at all.

Bloomberg is what The Donald pretends now to be-a billionaire many times over who became mayor of NYC out of a deep sense of public duty. And speaking as someone who doesn't agree with a lot of what Bloomberg stands for, the general consensus is he did a damn fine job as mayor.

Bloomberg clearly has had a lot of experience with The Donald. His clear and unequivocal rejection of Trump speaks volumes.

And if Wall Street is putting their money behind Hillary it is not because they have her in their pocket, it's because they prefer not to have a President who will burn the house down in a fit of spite. The fact the Wall Street money is flowing to Hillary when it is the GOP that has been carrying their water for the past decade plus (actively trying to defang or repeal reforms etc) also speaks volumes.

 

[theeedude]

I love Bloomberg, my favorite news source by far. Can't argue with his reasoning on Trump.

 

[Orignal Earl]

wtf is family values?

That's code for no drinking, no dancing, no birth control, no abortions, no gays, women as second class citizens, shut down everything on Sunday, no Catholics, etc etc

 

[bshole]

Those critical of Bloomberg here seem to be expressly opinions based purely on kneejerk reactions to their particular hot button issue (unlimited and unrestricted guns) and don't know Bloomberg or his history at all.

Bloomberg is what The Donald pretends now to be-a billionaire many times over who became mayor of NYC out of a deep sense of public duty. And speaking as someone who doesn't agree with a lot of what Bloomberg stands for, the general consensus is he did a damn fine job as mayor.

Bloomberg clearly has had a lot of experience with The Donald. His clear and unequivocal rejection of Trump speaks volumes.

And if Wall Street is putting their money behind Hillary it is not because they have her in their pocket, it's because they prefer not to have a President who will burn the house down in a fit of spite. The fact the Wall Street money is flowing to Hillary when it is the GOP that has been carrying their water for the past decade plus (actively trying to defang or repeal reforms etc) also speaks volumes.

I would love to see somebody come up and bust up the biggest banks. It should be unlawful for a bank to get too big to fail.

 

[Jaskalas]

That's code for no drinking, no dancing, no birth control, no abortions, no gays, women as second class citizens, shut down everything on Sunday, no Catholics, etc etc

Bloomberg's "family" values, no big gulps.

 

[CA19100]

He was always a Democrat. Everybody knows this.

So was Trump, until he decided he wasn't.

 

[CA19100]

Bloomberg's "family" values, no big gulps.

 

[NAC4EV]

So was Trump, until he decided he wasn't.

Heheheheh
touché

 

[LegendKiller]

Those critical of Bloomberg here seem to be expressly opinions based purely on kneejerk reactions to their particular hot button issue (unlimited and unrestricted guns) and don't know Bloomberg or his history at all.

Bloomberg is what The Donald pretends now to be-a billionaire many times over who became mayor of NYC out of a deep sense of public duty. And speaking as someone who doesn't agree with a lot of what Bloomberg stands for, the general consensus is he did a damn fine job as mayor.

Bloomberg clearly has had a lot of experience with The Donald. His clear and unequivocal rejection of Trump speaks volumes.

And if Wall Street is putting their money behind Hillary it is not because they have her in their pocket, it's because they prefer not to have a President who will burn the house down in a fit of spite. The fact the Wall Street money is flowing to Hillary when it is the GOP that has been carrying their water for the past decade plus (actively trying to defang or repeal reforms etc) also speaks volumes.

I lived in NYC and voted for him as mayor. I think he was a good mayor that continued many of Rudy's policies and, for nyc, he was reasonably conservative. However, he was never a republican.

 

[bruceb]

Of course Bloomberg would endorse Hillary. He is so far antigun it is ridiculous. Just look at how much money that idiot spent trying to abolish our second amendment rights. Same agenda as the democratic potential nominee, Hillary.

 

[werepossum]

So name a single major stance he has that is Republican in nature, other than his support for Wall Street, which is bipartisan.

Gun control?

Family values?

Smaller government?

He was always a Democrat. Everybody knows this.

There's a reason why he polled like shit when they did some exploration for his presidential run. No Republican wanted him and everybody saw he'd take a huge portion of D voters.

This. Boasting about Bloomberg endorsing the Democrat is like boasting about water being wet.

 

[bshole]

Family values? That is a political issue? Is it code for divine commands from an invisible sky monster?

 

[zinfamous]

So name a single major stance he has that is Republican in nature, other than his support for Wall Street, which is bipartisan.

Gun control?

Family values?

Smaller government?

He was always a Democrat. Everybody knows this.

There's a reason why he polled like shit when they did some exploration for his presidential run. No Republican wanted him and everybody saw he'd take a huge portion of D voters.

Since when has any major republican politician practiced "family values"? Is that like sleeping around with your wife by having trysts in the airport men's room?

Smaller government? Since Reagan came around, what republican has actually lessened the size and role of the government, (especially compared to contemporary democrats that actually did that?)

LK: when the fuck are you going to stop lying to yourself and pull your head out of that Birch society version of Mr Roger's neighborhood that you seem to think is the actual world?