Thu Jun 2nd, 2016 at 02:43:40 PM EST
Why Some of the Smartest Progressives I Know Will Vote for Trump over Hillary Yves Smith in Politico Magazine
Why do progressives reject Hillary Clinton? The highly educated, high-income, finance-literate readers of my website, Naked Capitalism, don't just overwhelmingly favor Bernie Sanders. They also say "Hell no!" to Hillary Clinton to the degree that many say they would even vote for Donald Trump over her.
And they don't come by these views casually. Their conclusions are the result of careful study of her record and her policy proposals. They believe the country can no longer endure the status quo that Clinton represents--one of crushing inequality, and an economy that is literally killing off the less fortunate--and any change will be better. One reader writes:
"If Clinton is the nominee 9 out of 10 friends I polled will [do one of three things]:
A. Not vote for president in November.
B. Vote for Trump.
C. Write in Bernie as a protest vote.
"We are all fifty-somethings with money and college educations. Oh, and we are all registered Democrats."
Frontpaged - Frank Schnittger
I have been reading Naked Capitalism since 2008 and have come to have great respect for 'Yves Smith'. She has worked at the executive level in many top financial sector corporations and seen from the inside that about which she writes. And she has a wide circle of friends and acquaintances who are very knowledgeable about economics and finance in the USA and the world. More from Yves:
To be sure, not all of my Sanders-supporting readers would vote for Trump. But only a minority would ever vote for Clinton, and I'd guess that a lot of them would just stay home if she were the nominee. Many of my readers tend to be very progressive, and they have been driven even further in that direction by their sophisticated understanding of the inequities of Wall Street, especially in the run-up to and the aftermath of the financial crisis, when no senior executives went to jail, the biggest banks got bigger, and Hillary paid homage to Goldman Sachs. True progressives, as opposed to the Vichy Left, recognize that the Clintons only helped these inequities along. They recognize that, both in the 1990s and now, the Clintons do not and have never represented them. They believe the most powerful move they can take to foster change is to withhold their support.
The problem is that so many in the DNC and the media have seen similar statements before. Thus it becomes important to find if there are sound reasons why this time is different. If it is and yet there is no response from the DNC and/or the delegates at the convention, we could end up with a President Trump. Some have argued that he is the less effective evil. It is hard to know.
Politico started with several journalists who left WaPo and has been accused both of left and right bias.