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CNBC: Who’s afraid of a Liz Warren win? Wall Street and businesses

September 11, 2019 | | Print Article
(File photo: screenshot)

A CNBC report critical of Sen. Elizabeth Warren said Wall Street and businesses should fear a Warren presidency.

The Massachusetts Democrat retweeted the CNBC segment with “Mad Money” host Jim Cramer saying Wall Street executives are “fearful” of her, adding in the caption that she approved the message.

CNBC’s Jim Cramer discussed the rumblings by financial industry leaders over a potential Warren presidency during Tuesday’s “Squawk on the Street.”

“When you get off the desk and talk to executives, they’re more fearful of her winning,” Cramer said, calling the Democratic presidential candidate a “very compelling figure on the stump” who will likely win the Iowa contest in February 2020.

Warren clinching the Democratic nomination “would be a suboptimal situation for the banks,” he added.

CNBC’s David Faber agreed, noting that he has also been hearing the same kind of fears being raised.

“It’s another reason why companies are being implored to do things now … because come early to mid-2020 if Elizabeth Warren is rolling along, everybody is going to be like, ‘That’s it,’” Faber said.

Warren’s proposed taxes on the wealthy and her ongoing bashing of corporations and banks have made her a champion for the left, and polls have begun to show a steady rise in her numbers. Along with Sen. Bernie Sanders, Warren is trailing behind Democratic front runner and former Vice President Joe Biden in a Real Clear Politics poll with 18 percent support.

Though Warren’s anti-corporate stance has been around since before her 2020 run, she has ramped up the rhetoric on the campaign trail, continuing her finger-pointing at evil corporations and executives during a stop in W. Virginia earlier this year where she threatened “handcuffs and perp walks” for the guilty.

She amplified her theme of condemning the rich and giant corporations in Washington and Wall Street for controlling the nation’s economy as she zeroed in on greed as a major problem facing the nation.

“We need to hold those executives personally liable. I’m talking handcuffs and perp walks,” she declared to applause.

Speaking with Cramer on his “Mad Money” show on CNBC back in January, Warren declared “I want these billionaires to stop being freeloaders.”

Meanwhile, CNBC’s report on financial leaders’ fear of Warren seemed to please the senator who capitalized on the moment.

Warren apparently thought retweeting the video along with her tongue-in-cheek campaign ad quip would be a good way to use all the CNBC talk to her advantage. Plenty of Twitter users agreed that the CNBC segment was “the greatest Warren campaign ad possible.”

Others, however, pointed out the hypocrisy.

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Frieda Powers
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