Some Wall Street Dem donors warn the party they won’t back Warren


STEVE: 2020 DEMOCRATIC PRESIDENTIAL HOPEFUL ELIZABETH WARREN SCREEN LEFT BEATING OUT JOE BIDEN FOR THE FIRST TIME IN A MAJOR NATIONAL POLL. SHE IS AT 27. HE IS AT 25. STILL WITHIN THE MARGIN OF ERROR. NOW WALL STREET DEMOCRATIC DONORS ARE WARNING THE PARTY, QUOTE: WILL SIT OUT OR BACK TRUMP IF YOU NOMINATE ELIZABETH WARREN. HERE TO WEIGH IN IS CHAIRMAN AND CEO OF PEEBLES CORPORATION AND TWO-TIME MEMBER OF PRESIDENT OBAMA’S FINANCE COMMITTEE DON PEEBLES. DON, GOOD MORNING TO YOU.>>GOOD MORNING. STEVE: WHAT DO YOU MAKE OF THAT? IT SOUNDS LIKE WALL STREET DOES NOT LIKE THE IDEA OF THE WEALTH TAX AND HOW ELIZABETH WARREN HISTORICALLY HAS GONE AFTER THE BIG CORPORATION. SO THEY WOULD RATHER VOTE FOR TRUMP THAN THE DEMOCRATS.>>YEAH, WELL, LOOK, SHE VILIFIED CAPITALISM BY AND LARGE. SHE FILL PHIS WALL STREET. SHE VILIFIES BUSINESSES AND CORPORATIONS. WE WOULD BE FOOLS TO SUPPORT SOMEONE WHO VILIFIES US AND WHO WANTS TO DISRUPT THE FREE SYSTEM THAT WE HAVE, THE FREE MARKET SYSTEM. BUT IT’S NOT JUST WALL STREET. I MEAN, THE BUSINESS COMMUNITY AS A WHOLE, ESPECIALLY MINORITIES ARE NOT GOING TO SUPPORT HER. I WOULD BE SHOCKED IF SHE GETS OUT OF THE PRIMARY AS A NOMINEE. STEVE: WHY IS SHE SURGING RIGHT NOW?>>ONLY PEOPLE PAYING ATTENTION TO THIS RIGHT NOW. SO FAR OUT AND SO MANY OF THEM IS THIS, YOU KNOW, THIS FAR LEFT GROUP IT’S IMPEACH TRUMP. BURN DOWN THE HOUSE, BURN DOWN THE DEMOCRACY, TURN EVERYTHING UPSIDE DOWN. EVERYONE ELSE IS ON WITH THEIR LIVES TRYING TO GET AHEAD. STEVE: IF IT’S TRUMP VS. WARREN WALL STREET A LOT OF DEMOCRATS ARE GOING TO VOTE FOR TRUMP.>>QUIETLY VOTE FOR TRUMP AND MAYBE GIVE HIM A LITTLE BIT OF MONEY OR SIT IT OUT. I WOULD SAY THAT WOULD BE THE CIRCUMSTANCES. STEVE: BECAUSE YOU ARE SO WELL TIED TO THE DEMOCRATIC PARTY. WHAT DO YOU MAKE OF THE PUSH TOWARD IMPEACHMENT IN THE HOUSE RIGHT NOW?>>I MEAN, I THINK IT’S A NONPRODUCTIVE EXERCISE. ONE, I THINK IT WILL HURT DEMOCRATS LATER ON. BECAUSE THERE ARE SO MANY ISSUES CONFRONTING THE COUNTRY. AND IF CONGRESS COULD USE THEIR ENERGY TO FOCUS ON ADDRESSING SOME OF THOSE ISSUES. I MEAN, OUR COUNTRY WOULD MOVE FORWARD. WE HAD AN ELECTION. TRUMP WON IT. NOW IT’S TIME TO POSITION, TO WIN THE NEXT TIME AROUND. BUT THAT IS FOUR YEARS IN BETWEEN. THREE OF THEM SHOULD BE USED FOR GOVERNING. I THINK IT’S GOING TO HURT THE PARTY. STEVE: NANCY PELOSI SOUNDED LIKE IMPEACHMENT THE LAST THING ON HER RADAR. OKAY WE ARE HAVING OFFICIAL IMPEACHMENT INQUIRY. WE ARE GETTING CLOSER AND CLOSER TO PERHAPS A VOTE IN THE HOUSE. IF THAT HAPPENS, WHAT HAPPENS TO THE DEMOCRATS IN CONGRESS?>>I THINK PEOPLE WILL START SAYING WHY ARE YOU FOCUSING ON THIS AND MAKES THEM LOOK LIKE SORE LOSERS. I THINK THEY WILL ASK — THE COUNTRY IS GOING TO ASK AT LEAST SOME OF THE KEY CONSTITUENCIES THE ONES THAT ARE GOING TO SHAPE AN ELECTION ARE GOING TO ASK, WHY? THIS IS AN ELECTION NOT ABOUT GETTING THE TRUE BELIEVERS TO VOTE FOR YOU. IT’S THE PERSUADABLING. THAT’S WHY ELIZABETH WARREN IS NOT A GOOD CANDIDATE. SHE CAN’T PERSUADE THOSE IN THE CENTER AND THOSE OVER TO THE RIGHT TO VOTE FOR HER. STEVE: NANCY PELOSI LOSE THE SPEAKERSHIP IF SHE GOES ON WITH THE IMPEACHMENT THING?>>I’M NOT SURE ABOUT THAT. I THINK THAT THE REALITY IS. STEVE: MEANING THE DEMOCRATS LOSE?>>I THINK THE DEMOCRATS CAN HOLD THE HOUSE OF REPRESENTATIVES BASED ON HOW THE DISTRICT IS SET UP RIGHT NOW AND WHERE THE MOOD OF THE COUNTRY IS. THAT WOULD BE SURPRISING TO SEE THEM HOLD ON TO A SLIM MARGIN AND TRUMP REELECTED. WHICH WILL BE, I MEAN, DISAPPOINTING TO ALL DEMOCRATS. STEVE: ALL RIGHT. CAUTIONARY WORDS, DON

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