The Corner

Politics & Policy

Clinton’s Latest Defense on Wall Street Cash: Obama Did It, Too

After months of struggling to answer the accusation of her rival Bernie Sanders that her campaign’s coffers show how tightly she’s tied to Wall Street, Hillary Clinton hit on her latest comeback during Sunday night’s Democratic debate — President Obama took their money, too.

During the debate, Sanders was asked about an ad his campaign released last week, when he said there are “two Democratic visions for regulating Wall Street” and only one of them included taking their money. Asked to explain the difference, the Vermont senator made it clear he was pointing to Clinton’s willingness to take millions from powerful financiers.

“I don’t take money from big banks,” Sanders said. “I don’t take personal speaking fees from Goldman Sachs.”

Clinton came out swinging. “We disagree on the comments that Senator Sanders has made, that don’t just affect me, I can take that,” she said. “But he’s criticized President Obama for taking donations from Wall Street.”

“And President Obama has led our country out of the Great Recession,” Clinton continued, her voice rising. “Senator Sanders called him weak, disappointing! He even, in 2011, publicly sought someone to run in a primary again President Obama.”

“Now I personally believe that President Obama’s work to push through the Dodd-Frank bill and to sign it was one of the most important regulatory schemes we’ve had since the 1930s,” she said. “So I’m going to defend Dodd-Frank, and I’m going to defend President Obama for taking on Wall Street, and taking on the financial industry, and getting results!”

Sanders didn’t back down, explaining that while he campaigned for Obama in 2008 and 2012, “we have some differences of opinion.” And he doubled down on his criticism of Clinton, pointing out that she took $600,000 in speaking fees from Wall Street investment firm Goldman Sachs in the last year alone.

Clinton’s attempt to equate her own ties to Wall Street to President Obama’s is just her latest strategy to respond to Sanders’s own campaign finances, made up entirely of small-dollar donations. In another debate last November, she claimed her work to rebuild Manhattan after the 9/11 attacks was the reason behind her popularity on Wall Street — a claim that failed to resonate with most Democratic primary voters. 

Most Popular


Fire Brenda Snipes

Brenda Snipes, the supervisor of elections in Florida’s Broward County, does not deserve to be within a thousand miles of any election office anywhere in these United States. She should be fired at the earliest possible opportunity. Snipes has held her position since 2003, in which year her predecessor, ... Read More
PC Culture

The Lonely Mob

Just before the election, an Andrew Gillum intern named Shelby Shoup was arrested and charged with battery after assaulting some college Republicans on the campus of Florida State University. It was rather less exciting than that sounds: She went on a rant about “Nazis” and “fascism” — Gillum’s ... Read More

How Immigration Changes Britain

Almost nothing is discussed as badly in America or Europe as the subject of immigration. And one reason is that it remains almost impossible to have any sensible or rational public discussion of its consequences. Or rather it is eminently possible to have a discussion about the upsides (“diversity,” talent, ... Read More

Sorry, Brian Kemp Still Won

Here was the state of play as of yesterday per the Kemp campaign’s breakdown of publicly available information: As of Saturday, November 10, 2018 (12:00 p.m.) *Information below is public.  Total votes reported: 3,924,658 Kemp: 1,975,162 (50.33%) Abrams: 1,912,383 (48.73%) Metz: ... Read More

The Georgia Smear

Back in 2016, when Trump refused to say he’d necessarily accept the result if he lost, we were told that this was a terrible violation of democratic norms. Now, refusing to accept that you lost an election is the highest form of patriotism. Not only are the media and the Left not pressuring Stacey Abrams to ... Read More