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Democratic presidential candidates have largely condemned and swore off corporate and lobbyist money in elections.
A number of candidates have reportedly been meeting with finance executives to fundraise for their campaigns.
Bernie - Sanders - Elizabeth - Warren - Candidates
Bernie Sanders and Elizabeth Warren are reportedly the only 2020 candidates who have not been courting Wall Street.
Democratic presidential hopefuls have been voicing their opposition to corporate money in politics, however, the majority of candidates have been simultaneously courting financial institutions to help fundraise for their campaigns.
Candidates - Nomination - Campaigns - Operation - Money
Candidates seeking the Democratic nomination have largely been portraying their campaigns as a grassroots operation and swearing off money from corporations and lobbyists as well refusing to accept PAC donations. But nearly the entire Democratic primary field has been corresponding with corporate donors, reported Bloomberg News. Hedge fund billionaire Marc Lasry revealed that only months into the primary election season, he has already sat down with roughly 10 candidates.
“At the end of the day, candidates need money,” Lasry told Bloomberg.
New - York - Sen - Kirsten - Gillibrand
New York Sen. Kirsten Gillibrand had reportedly been quietly corresponding with Wall Street senior executives in an attempt to raise money even prior to her campaign kickoff. She announced in February she would not be accepting money from political action committees — she excluded labor union PACs from that pledge.
Interestingly, the New York senator has only proposed one major policy prescription; in an attempt to “reduce the influence of money in politics,” she proposed to give every voter money to donate to political candidates running for federal office.
New - York - Senator - Bankers - Investors
Regardless, the New York senator has continued meeting with bankers and investors to discuss policy and gain financial backing.
Days after Gillibrand’s campaign disavowed PAC money, New Jersey Sen. Cory Booker followed suit, calling America’s political system “broken” and swore off corporate PAC contributions. However, Booker continued to accept cash from the National Association of Insurance and Financial Advisors PAC...
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