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September 15, 2015

Wall Streeters Beginning to Panic That Trump Could Win

I hope they are panicking. They are liberal Democrats, and aggressive ones, who despise conservatives, but rely on conservatives to protect them from liberal Democrat tax policies, which for some reason, we do.

Why do we do this? I don't know. I say they should ask their buddies in the Democrat Party for protection instead of demanding it from us.

At any rate, they're worried.

Good digest from Ed Driscoll at Instapundit (the above link), but here's Kevin Williamson's article about "Wall Street Democrats" from a couple of years ago.

Wall Street isn't politically agnostic, and there’s more to its politics than money. Culture matters, and you won't find a lot of Pentecostal churches in Greenwich, Conn. Wall Street guys, for the most part, do not have time for social conservatives. "Of course these guys aren’t conservative," says one longtime bond trader. "Why the [expletive deleted] would they be? We're talking about guys who live in Manhattan, guys with manicures and eight-figure bank balances. And their wives–their wives aren’t showing up at parents' day at Brearley with a Sarah Palin button. It'd be like showing up in flip-flops from Wal-Mart. Like showing up in a [rather lengthier expletive deleted] tracksuit."

...

Wall Street has no love for the southern, rural, and evangelical. But it's not just the Jesus stuff–the southern and rural parts matter, too: Republican congressmen tend to represent places like Glasscock County, Texas, America’s most Republican jurisdiction, which reliably gives 90-odd percent of its votes to the GOP. Those districts are not going to feel the pain of the financial markets the way New York, New Jersey, California, and Connecticut are. The bailout is not very popular in farm country. Wall Street knew there was a gathering storm in the markets, and it didn't want to find itself at the mercy of small-town and rural Republicans' riding to the rescue.


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posted by Ace at 05:03 PM

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