Re. "…Wall Street and in big business are preparing to sit out the presidential campaign fundraising cycle—or even back President Donald Trump—if Sen. Elizabeth Warren wins the party’s nomination.”
With no apologies, Mr. Solomon, I don’t quite believe this. Oh, some of the billionaire class are no doubt saying this, and I have no illusion that the class in general would choose Warren if any other winnable alternatives (save Bernie) exist.
Yet I believe she serves two purposes for this class. First, to try to keep Sanders at bay. It’s rather clear to me that if Warren were NOT running, Sanders would by now have a substantial lead on the entire rest of the field. Her role in this regard is to assure that the nomination is contested all the way to the Convention and a second-round vote - where the Super(ior)delegates will determine the nominee under the “reform” that the DNC adopted. In that case, the nomination would likely go to Biden, if he isn’t too badly tarnished by then (and MSM is clearly avoiding talking at all about the apparent corruption involved in his Ukrainegate dealings).
Second, if Biden is by then too tarnished to be in the top 3, Warren would be seen as a far less-threatening figure to the interests of organized private capital; and she has the advantage of appealing to liberals who think themselves progressive but still are driven largely by desire for a female to break through this glass ceiling.
Sure, she’d push for some further regulations, maybe some higher taxes; but she is as she has always said, an avowed cheerleader and defender of “markets”. And while some of her stances have been unpopular among certain industry sectors (think the role of CFPB, for example), in general they know well that she will not do anything to seriously harm their bottom lines.
I have very little faith that for example, she’d push for turning health care control away from private insurance industry… something she herself has suggested in saying she’s “open to other alternatives” (to M4A). And she would certainly not deprive the vast Military-Industrial-Spook complex of their excessive hauls; and that means she’d certainly affirm continuation of our imperialism & militarization across the globe. Those are just some of the logical outcomes when one places so much value in “the markets” that she joined the GOP particularly because she believed they were the ones who best served them.
None of this is to say that Warren hasn’t perhaps some sympathy with some progressive aims. Yet my suspicion is that, based no her rather come-lately adoption of many of Sanders’ policies, her movement to the left is a short-lived tack that will be quickly readjusted when the winds no longer require it, and perhaps a strategy to divide the progressively-liberal vote and at least keep Sanders out.