FacebookTwitterGoogle+RedditEmail

Occupy Hillary Clinton’s Wall Street Speeches

by

Hillary Clinton refuses to make public the transcripts of her speeches to big banks, three of which were worth a total of $675,000 to Goldman Sachs. She says she would release the transcripts “if everybody does it, and that includes Republicans.” After all, she complained, “Why is there one standard for me, and not for everybody else?”

As the New York Times editorial board pointed out, “The only different standard here is the one Mrs. Clinton set for herself, by personally earning $11 million in 2014 and the first quarter of 2015 for 51 speeches to banks and other groups and industries.”

Hillary is not running in the primaries against Republicans, who, the Times noted, “make no bones about their commitment to Wall Street deregulation and tax cuts for the wealthiest Americans.”

She is running against Bernie Sanders, “a decades-long critic of Wall Street excess who is hardly a hot ticket on the industry speaking circuit,” according to the Times.

Why do voters need to know what Hillary told the banks? Because it was Wall Street that was responsible for the 2008 recession, making life worse for most Americans. We need to know what, if anything, she promised these behemoths.

I Scratch Your Back, You Scratch Mine

Hillary has several super PACs, which have recently donated $25 million to her campaign, $15 million of which came from Wall Street.

Big banks and large contributors don’t give their money away for nothing. They expect that their interests will be well served by those to whom they donate.

Hillary recently attended an expensive fundraiser at Franklin Square Capital, a hedge fund that gives big bucks to the fracking industry. Two weeks later, Hillary’s campaign announced her continuing support for the production of natural gas, which comes from fracking.

Bernie opposes fracking. He said, “Just as I believe you can’t take on Wall Street while taking their money, I don’t believe you can take on climate change effectively while taking money from those who would profit off the destruction of the planet.”

Bernie’s “Political Revolution”

Bernie has no super PACs. His campaign has received 4 million individual contributions, that average $27 each. Perhaps Rupert Murdoch multiplied that amount by $100 in setting $2700 a head as the entrance fee for Hillary’s latest campaign gala?

Bernie has called for a “political revolution” that “takes on the fossil fuel billionaires, accelerates our transition to clean energy, and finally puts people before the profits of polluters.” He would retrain workers in the fossil fuel industries for clean energy jobs.

Bernie reminds us that the top one-tenth of 1% owns nearly as much wealth as the bottom 90%, and 99% of all new income goes to the top 1%. Unlike Hillary, he says healthcare is a right – not a privilege – and college and university tuition should be free.

Bernie and Congressman John Conyers introduced legislation to allocate $5.5 billion to states and communities to create employment programs for African-American youth. They say, “instead of putting military style equipment into police departments . . . we [should] start investing in jobs for the young people there who desperately need them.”

How will we pay for all that? “If we cut military spending and corporate welfare, we would have more than enough money to meet America’s needs,” Bernie wrote in his 1997 book, Outsider in the House. “This nation currently spends $260 billion a year on defense, even though the Cold War is over,” not counting “$30 billion spent annually on intelligence or the $20 billion in defense-related expenditures hidden away in our federal spending on energy,” he added. Today, with all the wars our government is prosecuting, that figure is nearly $600 billion.

With Bernie Sanders, we have a unique opportunity to reverse long-standing priorities that favor the few at the expense of the many. Let us seize the time.

More articles by:

Marjorie Cohn is professor emerita at Thomas Jefferson School of Law and former president of the National Lawyers Guild. She writes, speaks and does media about human rights and U.S. foreign policy. Her most recent book is “Drones and Targeted Killing: Legal, Moral, and Geopolitical Issues.” Visit her website at http://marjoriecohn.com/ and follow her on Twitter at @marjoriecohn.

CounterPunch Magazine

minimag-edit

bernie-the-sandernistas-cover-344x550

zen economics

July 20, 2017
Sebastian Friedrich – Gabriel Kuhn
A New Class Politics
Patrick Cockburn
The Massacre of Mosul: More Than 40,000 Civilians Feared Dead
Paul Street
The Abandonment: Reflections on James Foreman’s “Locking Up Our Own”
Kim Codella
A Practical Education
Frank Scott
America’s Trump, Not Trump’s America
Louis Proyect
Clancy Sigal Goes Away
Don Monkerud
The Real Treason in DC: Turning Our Lives Over to Corporat
Brian Dew – Dean Baker
Are Amazon’s Shareholders Suckers?
Ralph Nader
Detecting What Unravels Our Society – Bottom-up and Top-down
Barbara Nimri Aziz
Covering Islam, Post-Jack Shaheen
Binoy Kampmark
Uhlmann’s Trump Problem
Patrick Walker
In Defense of Caitlin Johnstone
Barry Lando
Those Secret Putin-Trump Talks
Sean Marquis
Thank You, Donald Trump
July 19, 2017
Adam Ziemkowski and Rebekah Liebermann
How Seattle Voted to Tax the Rich
Patrick Cockburn
Why ISIS Fighters are Being Thrown Off Buildings in Mosul
John W. Whitehead
Zombies R Us: the Walking Dead of the American Police State
Mateo Pimentel
Net Neutrality’s Missing Persons
Adil E. Shamoo - Bonnie Bricker
Yemen Policy is Creating More Terrorists
L. Ali Khan
U.S. Misreads Pakistan’s Antifragility
David Macaray
Fear and Trembling in the Workplace
Brian Trautman, Gerry Condon and Samantha Ferguson
Veterans Call on U.S. to Sign Nuclear Ban Treaty
Binoy Kampmark
Militarising Civilian Life: Australia, Policing and Terrorism
Ricardo Vaz
Venezuelan Opposition “Consultation”: Playing Alone and Losing
Jesse Jackson
Trump’s Cold-Hearted Agenda is Immoral
Raul Castro
We will Continue to Advance Along the Path Freely Chosen by Our People
July 18, 2017
James Bovard
Obama’s AWOL Anti-War Protesters
Gary Leupp
CNN: “Russia is an Adversary, Ukraine is Not.”
Ryan Shah
Beware the Radical Center
John Carroll Md
Cold Hands Don’t Need Narcotics
Derrick Jensen
Endangered Species Don’t Need an Ark – They Need a Living Planet!
Kenneth Surin
Brief Impressions of the Canadian Conjucture
Arturo Lopez-Levy
Trump’s Cuba Restrictions: a Detour, Not the Future
Russell Mokhiber
State Street Bentley University Business Ethics and Corporate Crime
Laura Finley
Being Too Much
Robert J. Gould
What is Our Experience of our Flawed Democracy?
Taju Tijani
The Burden of Indivisible Nigeria
Guillaume Pitron
China Now Leads in Renewables
Ted Rall
How I Learned Courts are Off-Limits to the 99 Percent
Binoy Kampmark
Militarising Civilian Life: Australia, Policing and Terrorism
July 17, 2017
Gregory Wilpert
Time for the “International Left” to Take a Stand on Venezuela
Gary Leupp
Trump’s Embrace of the Saudi Crown Prince, and a Qatar Nightmare Scenario
Thomas Hon Wing Polin
Liu Xiaobo: the West’s Model Chinese
Terry Simons
Why I Did Not Go to Vietnam
Jim Green
Nuclear Power’s Annus Horribilus
FacebookTwitterGoogle+RedditEmail