Cynics, Step Aside: There is Genuine Excitement Over a
Hillary Clinton Candidacy
By Glenn Greenwald
April 14, 2015 "ICH"
- "The
Intercept" - - It’s easy to strike a pose of
cynicism when contemplating Hillary Clinton’s inevitable (and terribly
imminent) presidential campaign. As a drearily soulless, principle-free,
power-hungry veteran of DC’s game of thrones, she’s about as banal of an
American politician as it gets. One of the few unique aspects to her,
perhaps the only one, is how the genuinely inspiring gender milestone of her
election will (following the Obama model) be exploited to obscure her
primary role as guardian of the status quo.
That
she’s the beneficiary of dynastic succession – who may very well be
pitted against the next heir in line from the
regal Bush dynasty (this
one, not yet
this one) – makes it all the more tempting to regard #HillaryTime with
an evenly distributed mix of boredom and contempt. The
tens of millions of dollars the Clintons have
jointly “earned” off their political celebrity – much of it speaking to
the very globalists, industry groups, hedge funds, and other Wall Street
appendages who would have among the largest stake in her presidency – make
the spectacle that much more depressing (the likely candidate is pictured
above with Goldman Sachs CEO Lloyd Blankfein at an event in September).
But one shouldn’t be so jaded. There is genuine and
intense excitement over the prospect of (another) Clinton presidency. Many
significant American factions regard her elevation to the Oval Office as an
opportunity for rejuvenation, as a stirring symbol of hope and change, as
the vehicle for vital policy advances. Those increasingly inspired factions
include:
Down on Wall Street they don’t
believe (Clinton’s populist rhetoric) for a minute. While the finance
industry does genuinely hate Warren, the big bankers love
Clinton, and by and large they badly want her to be president.
Many of the rich and powerful in the financial industry—among them,
Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO James Gorman, Tom
Nides, a powerful vice chairman at Morgan Stanley, and the heads of
JPMorganChase and Bank of America—consider Clinton a pragmatic
problem-solver not prone to populist rhetoric. To them, she’s someone
who gets the idea that we all benefit if Wall Street and American
business thrive. What about her forays into fiery rhetoric? They dismiss
it quickly as political maneuvers. None of them think she really means
her populism.
Although Hillary Clinton has
made no formal announcement of her candidacy, the consensus on Wall
Street is that she is running—and running hard—and that her national
organization is quickly falling into place behind the scenes. That all
makes her attractive. Wall Street, above all, loves a winner, especially
one who is not likely to tamper too radically with its vast money pot.
According to a wide assortment
of bankers and hedge-fund managers I spoke to for this article,
Clinton’s rock-solid support on Wall Street is not anything
that can be dislodged based on a few seemingly off-the-cuff comments in
Boston calculated to protect her left flank. (For the record, she
quickly walked them back, saying she
had “short-handed” her comments about the failures of trickle-down
economics by suggesting, absurdly, that corporations don’t create jobs.)
“I think people are very excited about Hillary,” says one Wall Street
investment professional with close ties to Washington. “Most people in
New York on the finance side view her as being very pragmatic. I think
they have confidence that she understands how things work and that she’s
not a populist.”
Should she become
president, on one level, better ties with Israel are virtually
guaranteed. . . . Let’s not forget that
the Clintons dealt with Bibi too as prime minister. It was never easy.
But clearly it was a lot more productive than what we see now. . . . To
put it simply, as a more conventional politician, Hillary is good on
Israel and relates to the country in a way this president doesn’t. . .
. Hillary is from a different generation and functioned in a political
world in which being good on Israel was both mandatory and smart.
Let’s be clear. When it comes
to Israel, there is no Bill Clinton 2.0. The former president is
probably unique among presidents for the depth of his feeling for Israel
and his willingness to put aside his own frustrations with certain
aspects of Israel’s behavior, such as settlements. But this
accommodation applies to Hillary too. Both
Bill and Hillary are so enamored with the idea of Israel and its unique
history that they are prone to make certain allowances for the reality
of Israel’s behavior, such as the continuing construction of
settlements.
But Exhibit A for what Robert Kagan describes as his
“mainstream” view of American force is his relationship with
former Secretary of State Hillary Rodham Clinton, who remains the vessel
into which many interventionists are pouring their hopes.
Mr. Kagan
pointed out that he had recently attended a dinner of foreign-policy
experts at which Mrs. Clinton was the guest of honor, and that he had
served on her bipartisan group of foreign-policy heavy hitters at the
State Department, where his wife worked as her spokeswoman.
“I feel
comfortable with her on foreign policy,” Mr. Kagan said, adding that the
next step after Mr. Obama’s more realist approach “could theoretically
be whatever Hillary brings to the table” if elected president. “If
she pursues a policy which we think she will pursue,” he added, “it’s
something that might have been called neocon, but clearly her supporters
are not going to call it that; they are going to call it something else.”
After nearly a decade in the political wilderness, the
neoconservative movement is back. . . . Even as they castigate Mr.
Obama, the neocons may be preparing a more brazen feat: aligning
themselves with Hillary Rodham Clinton and her nascent presidential
campaign, in a bid to return to the driver’s seat of American
foreign policy. . . .
Other neocons have followed [Robert] Kagan’s careful
centrism and respect for Mrs. Clinton. Max Boot, a senior fellow at the
Council on Foreign Relations, noted
in The New Republic this year that “it is clear that in
administration councils she was a principled voice for a strong stand on
controversial issues, whether supporting the Afghan surge or the
intervention in Libya.”
And the thing is, these neocons have a point. Mrs.
Clinton voted for the Iraq war; supported sending arms to Syrian rebels;
likened Russia’s president, Vladimir V. Putin, to Adolf Hitler;
wholeheartedly backs Israel; and stresses the importance of promoting
democracy.
It’s easy to
imagine Mrs. Clinton’s making room for the neocons in her
administration. No one could charge her with being weak on national
security with the likes of Robert Kagan on board. . . . Far from
ending, then, the neocon odyssey is about to continue. In 1972,
Robert L. Bartley, the editorial page editor of The Wall Street Journal
and a man who championed the early neocon stalwarts, shrewdly diagnosed
the movement as representing “something of a swing group between the two
major parties.” Despite the partisan battles of the early 2000s, it is
remarkable how very little has changed.
So take that,
cynics. There are pockets of vibrant political excitement stirring in the
land over a Hillary Clinton presidency. There are posters being made,
buttons being appended, checks being prepared, appointments being coveted.
The joint, allied, synergistic constituencies of plutocracy and endless
war have their beloved candidate. And it’s really quite difficult to
argue that their excitement and affection are unwarranted.
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