Too soft on Wall Street? Clinton battles her image

22 Nov 2015 | Author: | No comments yet »

Clinton moves to end the primary quickly.

‘Secretary Clinton’s had a lot of experience’ but ‘she’s never demonstrated a capacity to understand what happens after a regime is toppled,’ he said He’s down in the polls and on the ropes financially; at the end of the last financial reporting quarter O’Malley had less than a million left to spend Martin O’Malley – the ‘insurgent’ Democrat trying to wriggle his party’s nomination out of Hillary Clinton’s clutches – turned up the heat today on his opponents, going after their foreign and economic policies with a new zest during an event in South Carolina.Hillary Rodham Clinton’s windfalls from Wall Street banks and other financial-services firms — $3 million in paid speeches and $17 million in campaign contributions over the years — are turning into a major vulnerability in the early nomination contests.NEW YORK – Until this past week, Bernie Sanders’s digital strategy – to convert the enthusiastic and curious into volunteers and eventually voters – played out in Twitter posts straight from his long, policy-driven speeches and videos explaining income and wealth inequality. Sanders met with reporters before speaking at a rally organized by the South Carolina Democratic Party and afterward filed his paperwork as a candidate in the state’s primary.

Then he joined Snapchat, a company that claims to have an enviable share of America’s young likely voters in its audience, in a bet that the platform can help him further capitalize on his advantage with that demographic. Certainly, the Brooklyn-based campaign is still spending a considerable chunk of its time on Iowa and New Hampshire — and running a rotation of fresh ads across both states. — At a forum Saturday in South Carolina, Hillary Clinton sought to sharpen the distinctions between her candidacy for president and that of Vermont Sen.

They’re both ‘good people, O’Malley said, referring to Clinton and Sanders, but ‘this is the point in the race when people are measuring each of the three of us….and I intend to draw the contrasts, particularly on our economic proposals and our economic ideas.’ ‘I don’t believe that in order to fix what’s wrong with our economy and make it work again for all of us that we should scrap capitalism, and replace it with socialism. He lost 40 percent of his savings in individual retirement accounts during the Great Recession, while Clinton has received millions of dollars from the kinds of executives he believes should be in jail. “People knew what they were doing back then, because of greed, and it caused me harm,” said Wittneben, the Democratic chairman in Emmet County, Iowa. “We were raised a certain way here. At first glance, the irascible Sanders seems like a strange fit for the platform, where users can send photos and short videos to their friends that later evaporate. “What is this Snapshot thing and why do I only get 10 seconds?” Sanders tweeted on Monday to announce his new account.

That’s a failed ideology from our past,’ he asserted. ‘And I also don’t subscribe to Secretary Clinton’s economic theory, which is to take orders from the big banks and Wall Street and create an economy of the few, by the few and for the few,’ he said. ‘That’s called crony capitalism, and I don’t believe in that.’ Coming back to his complaints about Clinton’s foreign policy chops minutes later, he said, ‘Secretary Clinton voted for the invasion Iraq – it was bad judgement’ and again hit her for supporting the intervention in Libya. He’s a late adopter: His Democratic rivals, Martin O’Malley and Hillary Clinton, have been on the platform for several weeks, as has every major Republican candidate except Jeb Bush, Donald Trump, and Rick Santorum. Speaking to hundreds at the Charleston County Democratic Party’s Blue Jamboree — including many wearing T-shirts or toting signs supporting Sanders — Clinton suggested that Sanders’s health-care proposal would effectively raise taxes on the middle class and amount to a dismantling of President Obama’s signature health-care law — a notion that Sanders disputes. “You know the deck is rigged, but we’ve got to reshuffle that deck,” Clinton said, speaking to the growing concern within her party’s base that the political and economic systems are skewed to benefit the rich and powerful. “And make sure we are raising incomes for the middle class, not raising taxes on the middle class. But there is some data to indicate that, while 2016 might not be the Snapchat election, it is, at least, a natural fit for a candidate such as Sanders. And I will not do that.” All week, Clinton’s and Sanders’s camps traded barbs over middle-class taxes, an issue that Clinton’s campaign believes is a proxy for broader differences between the two candidates.

At a time liberals are ascendant in the party, many Democrats believe it’s bad enough that she merely “represented Wall Street as a senator from New York,” as Clinton reminded viewers in an October debate. He told reporters he remains confident of his chances despite Clinton’s 53-point lead over him among South Carolina Democrats in the RealClearPolitics average.

Clinton’s stance highlights her focus on preserving President Obama’s health-care legacy, while Sanders has offered a proposal that seeks to make good on his promise of bringing a “political revolution.” The Clinton campaign said that in Iowa this weekend, Clinton will build on her previously announced plans and propose additional tax cuts for middle-class families. After the Aug. 6 Republican debate, Snapchat said 18- to 24-year-olds were more likely to watch the platform’s five-minute “live story” of the debate than watch the debate live on television. But in campaign stops in Tennessee and South Carolina, she focused on health care and a plan to give middle-class families as much as $5,000 in tax credits for unexpected out-of-pocket health-care costs.

Even as she promises greater regulation of hedge funds and private equity firms, liberals deride her for refusing to reinstate the Glass-Steagall Act, a law that separated commercial and investment banks until its repeal under President Clinton. Two-thirds of 18- to 34-year-old Snapchat users are likely voters and about a third of all 18- to 34-year- old likely voters use the app, according to an online poll commissioned by Snapchat and conducted by Global Strategy Group and Public Opinion Strategies from Oct. 15-25. “Compared to other kinds of social media, Snapchat really gives a true behind-the-scenes look at campaigns and candidates, and those campaign and candidates who use Snapchat effectively have a different avenue to reaching these likely voters,” said Robert Blizzard, a partner at Public Opinion Strategies. Unlike network television, Snapchat’s debate live stories cover the entire night, from pre-debate rally to spin room, and offer more context and humor. O’Malley’s insistence to reporters that his campaign had its best-ever fundraising week after the last debate only came after he was asked about the effort’s precarious financial state.

Sanders has proposed implementing single-payer, universal health care, which his campaign said would save families roughly $5,000 annually and would make a tax credit such as the one proposed by Clinton unnecessary. And for many Democrats, her strong support from wealthy donors and a big-money super PAC undercuts her increasingly progressive rhetoric on free trade and other economic issues. In another clip, an enthusiastic Sanders supporter repeatedly screamed “Oh my God, oh my God” after the candidate touched her hand as he left the debate. With just days before the start of a traditionally slow political period that begins on Thanksgiving and can extend through December, strategists, donors and fundraisers close to Clinton’s team see few obvious stumbling blocks left for her in the March states.

The campaign has been using its joint fundraising agreement with the Democratic National Committee and state parties to start spreading election-season cash and bolster local relationships: according to Federal Election Commission filings that landed on Friday, Team Clinton has sent funds to state parties in Florida, Pennsylvania, Wyoming, and Massachusetts. Even if Clinton sews up the nomination quickly, subdued enthusiasm among the party’s liberal base could complicate efforts to energize Democratic turnout for the general election. At the same time, Bill Clinton has been stepping up his own fundraising blitz for the campaign, scheduling at least 20 events this month, including eight in March states.

In comparison, Clinton, who joined in early August, has been praised for her amusing account, which often features throwback photos of the candidate or images mocking her Republican opponents. They declined to share specific findings from internal polls, but predicted the issue could resonate in Democratic contests in Iowa, Nevada, Ohio and Michigan, where many people have lost homes and businesses to bank foreclosures. Kenneth Pennington, the Sanders campaign’s digital director, said Sanders is “uniquely positioned” to turn out young voters due to his early popularity with them. And Clinton’s team has also been rolling out “leadership councils” of influential locals, tapping their political networks on her behalf in the states that vote in March, a move that’s drawn attention for including nearly all Democratic officials in states like Alabama and most of the party leaders in Sanders’ Vermont and O’Malley’s Maryland.

I believe the United States should join the rest of the world with a Medicare-for-all, single-payer system.” During his remarks to the crowd, Sanders also reiterated his support for legislation pending in Congress that would mandate that employers provide three months of paid leave after a family has a child. A national McClatchy-Marist poll released Nov. 13 found that while Clinton beat Sanders 57 percent to 39 percent, Sanders led among 18- to 29-year-olds 58 percent to 35 percent; he had a similar advantage among 18- to 34-year-olds in the latest Bloomberg Politics national poll published this week. “What we’re seeing in our rallies and in social media and in every metric that’s out there is that young people are, many of them for the first time in their lives, getting really excited about the senator’s candidacy,” Pennington said. “And it’s not because the senator is some cool hip guy, it’s just because his ideas are really appealing to millennials.” Sanders will likely use the account to focus on issues young voters care about, such as college costs, LGBT rights, and racial justice, Pennington said. Clinton landed in Charleston on Saturday after a Friday night rally in Tennessee — another March-voting state — and she was set to return to Iowa on Sunday before swinging through Nevada on Monday and Colorado — yet another March destination — on Tuesday. Sierra Smith, a 19-year-old sophomore journalism student at Baylor University in Waco, Texas, is just the sort of young voter the campaign hopes to reach. Finally, the campaign’s been launching some of its minority coalitions — African Americans for Hillary and Latinos for Hillary — in Georgia and Florida respectively.

By contrast, Sanders and O’Malley are increasingly bearing down on Iowa, recognizing that they both need disproportionately strong performances in the first-to-caucus state to keep the race alive. Laying claim to being the only candidate who is a lifelong Democrat, O’Malley accused Sanders of trying to implement socialism and Clinton of being beholden to Wall Street interests. “There are differences in this race,” O’Malley said. “For a long time, watching the national news, I’m sure you thought you only had two choices. She didn’t talk about either Sanders or O’Malley, even though both criticized her by name, the latter while some members of the thinning crowd chatted amongst themselves on the sidelines. “Whenever Republicans get into the White House, they mess it up!,” Clinton said, in a far more emphatic delivery of one of her standard lines. “They mess it up, folks.” She also mirrored an attack line she often uses in Iowa, going after South Carolina’s Republican governor Nikki Haley in an attempt to rile up local Democrats, much like she does with Iowa’s Terry Branstad. In 2008, the youth voter turnout rate in the Democratic primary nearly doubled from 2000, with Obama winning 60 percent of the vote, according to data compiled by the Center for Information & Research on Civic Learning & Engagement.

And she seized on the current discussion about national security by going even further against the GOP and gun control opponents: “The Republicans are blocking a vote to prevent people who are on the no-fly list from getting a gun,” she said, getting visibly angry. Then, when she was asked by a reporter to respond to O’Malley’s claim that she had “one foot stuck in the Cold War” after her Thursday address on combating the terrorist group known as ISIL or ISIS, Clinton shrugged off the slight. Yet even though she has taken tough stands, such as chastising banks for widespread foreclosures in 2007 and 2008, some Democrats are skeptical that she would ever crack down on the executives in her social circles in Manhattan, the Hamptons and Washington, D.C. Jake Quinn, an uncommitted Democratic superdelegate from North Carolina, said he was concerned about Clinton’s willingness to clamp down on Wall Street malfeasance. “The financial sector’s ongoing relative lack of accountability makes me suspicious of any candidate who sources it for significant support,” he said.

Martin O’Malley of Maryland, have argued that big donors inevitably had influence with her, her campaign has pushed back against suggestions that the financial-services industry had bankrolled her campaign. Gonzalez, the Florida superdelegate, and some other undecided Democrats said they viewed Sanders as too hostile to banks and corporations and too divisive in his remarks about American wealth. Sanders has been criticizing “the corrupt economy symbolized by Wall Street greed” for decades, she said. “He shows righteous indignation and speaks for the common woman and man in saying they have a right to be outraged at Wall Street,” Turner said. “He doesn’t just talk the talk.

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