Headspinning: Sen. Whitehouse Says Wall Street Really Wanted Bernie Sanders to Win Primary

image
Created: 05 Apr, 2017
Updated: 17 Oct, 2022
1 min read

https://twitter.com/TimeForAllofUs/status/849302435873128451

Remember all the love Bernie Sanders showed Wall Street during his campaign? Namely none? Well despite that, Senator Sheldon Whitehouse (D-RI) seems to think that Wall Street was backing Sanders in the 2016 presidential primaries against Secretary Hillary Clinton.

Whitehouse made his assertions on MSNBC’s Morning Joe early Tuesday, much to the disbelief of the show’s host, Joe Scarborough. Scarborough responded by pointing out what a close relationship Secretary Clinton had with Wall Street.

Senator Whitehouse said that while Clinton may have had closer ties to Wall Street than the other Democrats, bankers and investors would have fared better under a Republican president than Hillary Clinton. Therefore, he claims, Wall Street put money behind Sanders, believing him to be the weaker candidate and the one more likely to lose against the Republican nominee.

His only specific claim was that Wall Street spent money in New Hampshire for Sanders. A search for evidence of this provided only Secretary Clinton’s claim that Bernie Sanders had taken $200,000 from Wall Street through the Democratic Senate Campaign Committee (DSCC). FactCheck.org’s investigation of this claim found that while Sanders had received $200,000 from the DSCC, only a small portion of that had come from Wall Street.

Also contrary to his claim are the actual facts. Goldman Sachs' CEO Lloyd Blankfein said Sanders’ anti-Wall Street rhetoric was potentially dangerous. On the other hand, Clinton raised more money from the securities and investment industry than any candidate in either party during the primary season.

While Whitehouse’s statements seem unfounded, some have speculated that his goal was to foster the narrative that Republicans are closely tied to Wall Street and Democrats are on the side of everyone else. However, both parties have longstanding ties to Wall Street, a fact that no morning interview is going to easily overshadow.

Image Source: Crush Rush / shutterstock.com

Latest articles

Rand Paul
Why Rand Paul Calls Trump's Tariffs a Harmful Tax on Americans
Republican Senator Rand Paul has once again voiced his strong opposition to tariffs imposed by former President Donald Trump and has joined a handful of Republicans willing to vote against them in the Senate....
03 Apr, 2025
-
2 min read
Hand sticking ballot in ballot box.
Same Election: Voter ID Wins Big; GOP Loses Big
Many have seen the story out of Wisconsin: Susan Crawford defied record-breaking spending by Super PACs to win the April 1 state Supreme Court election. “Crawford beat Musk,” is the headline after the world’s richest man poured millions into the race to defeat her, while liberal billionaires also opened up their own pocketbooks for Crawford....
03 Apr, 2025
-
3 min read
Image of a gavel and legal professionals at a desk.
A Recent Court Decision Could Reshape the Legal Battle over Closed Primaries
Litigation is often seen as a zero-sum game of wins and losses. In that lens, a recent 11th Circuit decision that upholds Florida’s closed primary system has been declared another win for political parties and closed primaries. But it’s the wrong framing....
03 Apr, 2025
-
4 min read