Wall Street Democrats

Democrats Bow Down to Wall Street

Bill Moyers & John R. MacArthur, president and publisher of Harper’s Magazine, Moyers & Company

December 12, 2014

You say if he wins the Trans-Pacific Partnership, he’ll be giving away big chunks of our remaining manufacturing base to Japan and Vietnam and other Pacific Rim countries. Why does he want to do that?

Because he’s the fundraiser in chief. And again, this goes back to Bill Clinton. Because Obama’s really just imitating Bill Clinton. Clinton made an alliance with the Daley machine in Chicago, which Obama, he’s inherited that alliance with the two Daley brothers. The people who were thriving are the people in power. Rahm Emanuel is now mayor of Chicago. Bill Daley and Rahm Emanuel were the chief lobbyists for passing NAFTA under Clinton. They’re the ones who rounded up the votes. They’re the ones who made the deals with the recalcitrant Democrats and Republicans who didn’t want to vote for it. These people are in the saddle.

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