Tags: clinton | business | week

Hillary a Big Friend of Big Business

Monday, 03 Mar 2008 11:19 PM

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Sen. Hillary Rodham Clinton likes to portray herself as a friend of the middle class and working people, but Business Week says "she's hardly an enemy of American business interests."

The magazine says Clinton is being backed some some major Wall Street names, such as Morgan Stanley CEO John Mack and Steve Rattner, managing principal of the Quadrangle Group. She also:

  • Has more maxed-out, executive-level donors than any other candidate.

  • Has received $3.9 million infrom donors associated with the health-care industry, the most of any candidate.

  • Has attracted large support from donors affiliated with Goldman Sachs, and they are her top contributors.

    "On the stump, candidates often say things to voters that would make their contributors cringe, but in the end contributors have a good track record of getting what they want," Massie Ritsch, a spokesman for the Center for Responsive Politics in Washington, told Business Week. "No matter who is elected president, Wall Street will have a friend in the White House House."

    Business Week says the Chamber of Commerce gave Clinton a 67% favorable rating, while Barack Obama's rating was 55% and John McCain's was 80%.

    "[She] has been a New York senator for seven years, and New York is the financial capital of the U.S. and the world," says Roger Altman, senior Clinton economic adviser and co-founder of Evercore Partners, an investment and advisory company in New York. "CEOs and other business leaders have had the chance to work with her [at] very close quarters. If you ask leaders of the financial community if there's anything to be afraid of, 80% or more would say no."

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