Biden Is Wall Street’s Candidate

Democratic presidential candidate Joe Biden speaks about his plan to beat COVID-19 in Wilmington, Del., October 23, 2020. (Kevin Lamarque/Reuters)
People in the financial industry have given well over $50 million to back Biden, according to the nonpartisan Center for Responsive Politics, compared with some $10 million for Trump.

NRPLUS MEMBER ARTICLE T he Dow Jones Average is now 54 percent higher than it was when Donald Trump was elected. That’s why it’s so striking that Joe Biden is scooping up the lion’s share of big-money contributions from finance leaders on Wall Street.

People in the financial industry have given well over $50 million to back Biden, according to the nonpartisan Center for Responsive Politics, compared with some $10 million for Trump.

Biden has benefited from large contributions from leaders at Blackstone, JPMorgan Chase, The Carlyle Group, and Kohlberg Kravis Roberts, among other firms.

Some of this money is no doubt an insurance policy in case

Most Popular

Elections

It’s Only ‘Free and Fair’ When We Win

Indeed, this is astonishing: https://twitter.com/felixsalmon/status/1331295033325219840 In 2018, after two years of media spinning tales about shady Russian infiltrators in our government, 67 percent of Democrats believed that Putin’s gremlins had bored into our voting machines and altered the outcome ... Read More
Elections

It’s Only ‘Free and Fair’ When We Win

Indeed, this is astonishing: https://twitter.com/felixsalmon/status/1331295033325219840 In 2018, after two years of media spinning tales about shady Russian infiltrators in our government, 67 percent of Democrats believed that Putin’s gremlins had bored into our voting machines and altered the outcome ... Read More

The Coup That Wasn’t

Donald Trump is not done challenging the results of the 2020 election in court, and he is by no means done complaining. But there will be no “coup.” Any prospect of Trump remaining in office without a legal process that declares him the recipient of more legal votes in the decisive states has now evaporated. ... Read More

The Coup That Wasn’t

Donald Trump is not done challenging the results of the 2020 election in court, and he is by no means done complaining. But there will be no “coup.” Any prospect of Trump remaining in office without a legal process that declares him the recipient of more legal votes in the decisive states has now evaporated. ... Read More
History

From Hate to Heroism

Welcome to “The Tuesday,” a weekly newsletter about language, culture, politics, and, lately, relentless book-hawking. To subscribe to “The Tuesday” and receive it in your inbox, please follow this link. From Hatred to Heroism Daniel Cordier, when he was young and getting started in life, did not seem ... Read More
History

From Hate to Heroism

Welcome to “The Tuesday,” a weekly newsletter about language, culture, politics, and, lately, relentless book-hawking. To subscribe to “The Tuesday” and receive it in your inbox, please follow this link. From Hatred to Heroism Daniel Cordier, when he was young and getting started in life, did not seem ... Read More
Books

Jordan Peterson v. the Publishing Mob

Staff at Penguin Random House Canada have “confronted management” about the decision to publish Jordan Peterson’s book in an “emotional town hall,” Vice reports. Peterson’s Beyond Order: 12 More Rules for Life will be released in March 2021. Apparently, one “junior employee who is a member of the ... Read More
Books

Jordan Peterson v. the Publishing Mob

Staff at Penguin Random House Canada have “confronted management” about the decision to publish Jordan Peterson’s book in an “emotional town hall,” Vice reports. Peterson’s Beyond Order: 12 More Rules for Life will be released in March 2021. Apparently, one “junior employee who is a member of the ... Read More