HAHAHAHAHAHAHA!!!! Yeah, because look how well Mitt Romney did:
NEW YORK — Wall Street has a message for bank-bashing U.S. populist politicians: Put down the pitchforks or you could wind up like Ed Miliband.
Senior financial executives say the Labour leader’s anti-bank, soak the rich rhetoric helped sink his party in the U.K. elections and assured a surprisingly big reelection win for Prime Minister David Cameron and his Conservative party last week. Miliband resigned as Labour leader following the loss.
These bankers and their ideological supporters say if likely Democratic presidential nominee Hillary Clinton keeps tacking to the left on Wall Street issues — as Massachusetts Sen. Elizabeth Warren, other progressive Democrats and Vermont Sen. Bernie Sanders are demanding — she could wind up facing the same fate.
“Cameron embraced the role of the financial sector in growing the U.K. economy and creating jobs, never once criticizing hedge funds, banks or the wealthy,” said a top executive at one of Wall Street’s largest firms. “Milliband ran against hedge funds and bankers, promising bonus and mansion taxes and lost big. Is that a lesson for Hillary as well?”
This executive, like several others who cited the U.K. election result as a warning to populists, declined to be identified by name or by firm for fear of eliciting a heavy backlash.
Another executive said Milliband’s adoption of Warren’s approach to the financial sector and banking regulation failed even though U.K. voters trust banks even less than U.S. voters, according to opinion surveys.
“Seems like there might be some political lessons for the U.S. out of the U.K. election — with Milliband’s Warren style, anti-business, anti-bank rhetoric clearly falling flat with the general public even as the press ate it up,” this executive from another of Wall Street’s largest firms said. “And the Edelman trust barometer actually shows that British voters are more distrustful and wary of the banks than here in the U.S.”