Wall Street, Donors, Neocons Seethe Over Populist JD Vance Being Trump’s VPJohn Binder 19 Jul 2024
Big money donors, wealthy Wall Street brokers, and old-guard neoconservatives are seething over former President Donald Trump’s choosing Sen. JD Vance (R-OH) as his vice presidential running mate in this year’s election — similar to 2016 when the same elite crowd was furious over Trump’s candidacy.
While the GOP’s working class base embraces Vance, a populist-nationalist most known for his best-selling memoir Hillbilly Elegy about his childhood in the Rust Belt amid community-gutting globalization, the economic elite are taking to the pages of establishment media to voice their opposition.
“Wall Street will be begging for the return of Lina Khan (Biden’s top trust buster at the Federal Trade Commission) after two months of the Trump/Vance administration,” a Wall Street broker told the Financial Times, referencing Lina Khan who is favored by Vance because of her insistence on breaking up corporate monopolies.
Matt Stoller, an anti-monopolist who writes a substack newsletter called BIG, parsed out Vance’s risks within the GOP to shift the party into a populist big tent:
While a venture capitalist, in the mid-2010s, Vance began to rethink his priors, ultimately transitioning into a populist with aggressive stances on economics, immigration, and foreign policy. While there’s a temptation to see this change as purely opportunistic, Vance has taken political risks inconsistent with mere careerism. Indeed, four months ago, Vance told a crowd that “Lina Khan is one of the few people in the Biden administration that is doing a pretty good job.” In the GOP, those are fighting words.
What’s most strikingly different about Vance is something simple. Age. He’s young. Both he and Khan are in their 30s, and both grew up seeing the disastrous set of policies of the 2000s and 2010s, not the prosperity of the 1990s. Neither has a sanguine view of big tech, a view which is largely held by those who came of age in the 1990s and still at some level understand Google as a disruptive upstart and Mark Zuckerberg as a kid. To Vance and Khan, Google and Facebook are just the establishment.
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https://www.breitbart.com/politics/2024/07/19/wall-street-donors-neocons-seethe-over-populist-jd-vance-being-trumps-vp/
