Hillary’s Wall Street Speeches: Politicians ‘need both a public and a private position’

Via Salon:

Hillary Clinton promised in a debate with Bernie Sanders last February to “look into” releasing the transcripts of her paid speeches to Wall Street. She never released the transcripts, but thanks to WikiLeaks we know that the Hillary campaign did an assessment of them to review the most damaging quotes.

Hillary’s speech excerpts are revealed in a Jan. 25, 2016 email from Tony Carrk, the research director of the Clinton campaign, to John Podesta, the campaign chairman, and other top campaign officials. Some examples cited by Salon:

Politicians “need both a public and a private position”

In an April 2013 speech to the National Multi-Housing Council, Clinton maintained that politicians “need both a public and a private position.”

“If everybody’s watching, you know, all of the back room discussions and the deals, you know, then people get a little nervous, to say the least,” she said,

“Politics is like sausage being made,” Clinton added. “It is unsavory, and it always has been that way, but we usually end up where we need to be.”

In other words, Hillary reserves the right to have two positions on every issue – but which one is the lie? BTW the “sausage” analogy was originally made by John Godfrey Saxe, but is often attributed to Otto von Bismarck. It is a political cliché.

Dreams of “open trade” world

In a May 2013 speech to the Brazilian bank Banco Itau, Clinton articulated her neoliberal, hyper-capitalist vision of the world.

“My dream is a hemispheric common market, with open trade and open borders,” she said….

“Far removed” from the middle class

In a February 2014 speech to the bank Goldman Sachs and financial management company BlackRock, Clinton admitted, “I’m kind of far removed” from the struggles of the middle class, “because the life I’ve lived and the economic, you know, fortunes that my husband and I now enjoy.” She added, “But I haven’t forgotten it.”

Clinton also said, “I do think there is a growing sense of anxiety and even anger in the country over the feeling that the game is rigged,” but she stressed, “I am not taking a position on any policy.”

The Intercept highlighted another quote, in which Hillary suggests the big banks ought to write their own regulations.

Touching on her view of developing financial regulations, Clinton declared to a crowd of Goldman Sachs bankers that in order to “figure out what works,” the “people that know the industry better than anybody are the people who work in the industry.”

Last but not least, we now know that Hillary told an audience at Morgan Stanley that she supported the Catfood Commission plan for tax cuts for the rich and benefit cuts for everyone else.

We ought to remember that the content of Hillary’s Wall Street speeches, as bad as it is, doesn’t outweigh the fact that she was paid $22 million. The speeches were primarily an excuse for the TBTF banks to financially reward the Clintons for their support over the years.

More info:
Salon: In paid speeches, Hillary Clinton said she “represented” and “had great relations” with Wall Street
The Intercept: Excerpts of Hillary Clinton’s Paid Speeches to Goldman Sachs Finally Leaked
Official Transcript Clock: http://iwilllookintoit.com/

Previously on One Utah:
The $675,000 Question (February 4, 2016)

  1. #1 by Richard Warnick on October 9, 2016 - 8:04 pm

    I’m watching the debate tonight. Trump threatened to put Hillary behind bars if he wins, and said Canadians have to come to U.S. hospitals for operations (they don’t). Hillary claimed Russia is trying to make Trump the President, and that she has always opposed the carried-interest loophole (ha!). Reality-based politics is starting to seem like just a memory.

    • #2 by Richard Warnick on October 9, 2016 - 8:33 pm

      Next to last question actually asked about climate change. Trump thinks “clean coal” is a real thing. Hillary still loves fracking and oil & gas, “a bridge to more renewable fuels.”

      • #3 by Richard Warnick on October 9, 2016 - 9:13 pm

        James Carville on MSNBC: “The fact-checkers are going to be busier than a one-armed paper hanger.” Of course he said it in Cajun.

      • #4 by Larry Bergan on October 10, 2016 - 10:45 am

        I was just starting to realize they had passed over the climate again just before that question.

        I see Trump as the biggest threat this country has ever seen. It almost doesn’t matter what comes out about Clinton. She’s not the only one he’s going to be putting in jail, it will be anybody who says anything bad about him.

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