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Pam and Russ Martens — Obama Has the Same Retirement Plan as the Clintons: Lavish Speaking Fees from Wall Street

Summary:
The “Wall Street Democrats” is the wing of the party created by the Clintons and nurtured further by Barack Obama. It takes money hand over fist from Wall Street for political campaigns, wags a warning finger at Wall Street from the public podium while stuffing its administrations with Wall Street execs, then its leadership reaps millions of dollars in personal speaking fees from the robber barons after leaving office. As of this morning, there’s no longer any debate that Obama is firmly entrenched in this cozy world of money. Sums up what wrong with the Democratic establishment. They are on make and on the take. Wall Street On ParadeObama Has the Same Retirement Plan as the Clintons: Lavish Speaking Fees from Wall Street Pam Martens and Russ MartensSee alsoRegardless of the degree of

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The “Wall Street Democrats” is the wing of the party created by the Clintons and nurtured further by Barack Obama. It takes money hand over fist from Wall Street for political campaigns, wags a warning finger at Wall Street from the public podium while stuffing its administrations with Wall Street execs, then its leadership reaps millions of dollars in personal speaking fees from the robber barons after leaving office. As of this morning, there’s no longer any debate that Obama is firmly entrenched in this cozy world of money.
Sums up what wrong with the Democratic establishment. They are on make and on the take.

Wall Street On Parade
Obama Has the Same Retirement Plan as the Clintons: Lavish Speaking Fees from Wall Street
Pam Martens and Russ Martens

See also

Regardless of the degree of agreement or disagreement with Professor Davidson's analysis, just about everyone will acknowledge that a wide setgment of American voters, approaching 40% on the right are extrememly disaffected with American politics. The supporters of Bernie Sanders represent the same rejection of the status quo on the left.


This is more anti-establishmentarianism than tradition American populism. In Trump's terminology the establishment is "the swamp," and establishment figures are swamp critters that need to be removed from positions of power and influence. Bernie takes a similar stand on the left, although not in as colorful terms.

This trend promises to influence American politics for the foreseeable future, and the ruling elite and its cronies and minions are not going to go quietly.

As a result, American politics is truining into a reality show, and Donald Trump is just the person to be a major player in it. It could not have been better cast from this perspective.

Lawrence Davidson is a history professor at West Chester University in Pennsylvania
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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