{"id":12462,"date":"2010-09-08T00:30:00","date_gmt":"2010-09-08T00:30:00","guid":{"rendered":""},"modified":"2010-09-07T23:56:53","modified_gmt":"2010-09-07T23:56:53","slug":"whitmans-california-of-by-and-for-the-corporations","status":"publish","type":"post","link":"https:\/\/calitics.com\/index.php\/2010\/09\/08\/whitmans-california-of-by-and-for-the-corporations\/","title":{"rendered":"Whitman’s California: Of, By, and For the Corporations"},"content":{"rendered":"

Robert mentioned Jerry Brown’s new TV ad<\/a>. It’s likely not going to make the crowds go wild or anything like that, but it shows the formation of an economic plan and a campaign strategy.<\/p>\n

As for Whitman’s plan, it looks like she has some champions for her in the ring: Wall Street.<\/p>\n

At a fundraiser she held in New York,  Whitman said she met with people who “have suffered the financial reforms that are going to crimp our ability to raise capital, and they want California to turn the corner.” … Now the financial industry has lined up behind her gubernatorial campaign.<\/p>\n

According to a Bee estimate, investment banks and firms, private investors, financial advisers, venture capitalists and even the chairman of the Federal Reserve in San Francisco have poured $4.7 million into her effort, more than a fifth of total outside contributions she’s received. Whitman has also given her campaign $104 million of her own money.(SacBee<\/a>) <\/p><\/blockquote>\n

Her plan to rally California is to, umm, let Wall Street run amok? Turn back the clock on the reforms in the financial markets?  Under Whitman, governance will apparently be done by the best hedge fund managers that money can buy.<\/p>\n

It is no small fact that of the little money she has raised, much of it has been from Wall Street interests.  Her campaign is geared towards the long-term benefit of those who have been made rich by the excesses of the last decade, and to continuing the false expectations of bubble economies.  The end result can hardly be a surprise for anybody: continuing and growing disparities between the ultra wealthy and the middle class.<\/p>\n

Wall Street Whitman<\/a> indeed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robert mentioned Jerry Brown’s new TV ad<\/a>. It’s likely not going to make the crowds go wild or anything like that, but it shows the formation of an economic plan and a campaign strategy.<\/p>\n

As for Whitman’s plan, it looks like she has some champions for her in the ring: Wall Street.<\/p>\n

At a fundraiser she held in New York,  Whitman said she met with people who “have suffered the financial reforms that are going to crimp our ability to raise capital, and they want California to turn the corner.” … Now the financial industry has lined up behind her gubernatorial campaign.<\/p>\n

According to a Bee estimate, investment banks and firms, private investors, financial advisers, venture capitalists and even the chairman of the Federal Reserve in San Francisco have poured $4.7 million into her effort, more than a fifth of total outside contributions she’s received. Whitman has also given her campaign $104 million of her own money.(SacBee<\/a>) <\/p><\/blockquote>\n

Her plan to rally California is to, umm, let Wall Street run amok? Turn back the clock on the reforms in the financial markets?  Under Whitman, governance will apparently be done by the best hedge fund managers that money can buy.<\/p>\n

It is no small fact that of the little money she has raised, much of it has been from Wall Street interests.  Her campaign is geared towards the long-term benefit of those who have been made rich by the excesses of the last decade, and to continuing the false expectations of bubble economies.  The end result can hardly be a surprise for anybody: continuing and growing disparities between the ultra wealthy and the middle class.<\/p>\n

Wall Street Whitman<\/a> indeed.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[],"tags":[415,4467],"class_list":["post-12462","post","type-post","status-publish","format-standard","hentry","tag-415","tag-4467"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/p6Pvhz-3f0","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/12462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/comments?post=12462"}],"version-history":[{"count":0,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/posts\/12462\/revisions"}],"wp:attachment":[{"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/media?parent=12462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/categories?post=12462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/calitics.com\/index.php\/wp-json\/wp\/v2\/tags?post=12462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}