Aug 23, 2024
REVEALED: What Harris' Big-Money Donors Thought Of The DNC
Lobbyists and donors donated a hefty amount to Kamala Harris' campaign during the DNC.
- 7 minutes
As the saying goes,
if you're not at the table.
You're on the menu.
So, Gen Z, let's take our seat
in our democracy and cast our ballots this
November for Kamala Harris and Tim Walz.
[00:00:15]
If you're not at the table,
you're on the menu.
Okay.
How much does it cost
to get a seat at the table?
According to the DNC, at least $100,000.
And that gets you two passes
to the honored guest super suite.
[00:00:33]
As you can see here, the sponsor
tiers go all the way up to $5 million.
Seems like a pretty
expensive seat at this table.
Now, organizers for the DNC told The New
York Times that they raised a record 95
[00:00:49]
million, largely from high profile donors
for this year's convention.
But they're not just donating, of course.
They're looking for access, and they're
certainly looking for influence.
But over what specifically?
[00:01:05]
Donors said they wanted specifics
for Kamala Harris's economic policies.
These supporters are especially eager
to hear more about whether she
would continue President Biden's
aggressive antitrust policy,
her position on the capital gains tax,
[00:01:22]
given that the white House wants to raise
taxes on the wealthy and corporations,
and whether she would adopt a globalist as
opposed to nationalist approach to trade.
As for the cabinet, Wall Street donors
are especially interested
[00:01:38]
in who becomes Treasury secretary.
One popular candidate was Gina Raimondo,
the commerce secretary.
Other possibilities emerged,
notably Jamie Dimon of JPMorgan Chase.
Still, some donors wondered whether
Senator Elizabeth Warren of Massachusetts
[00:01:55]
would ever let a banker sit in that role.
Now, the Harris campaign
will need to navigate a landscape
While trying to appease their base
and keep their donors happy.
And mind you, these are the same donors
that are responsible, in part for pushing
[00:02:14]
Biden out of the race to begin with.
Now, Sharon, what do you think
of some of these prices to get access
and to get into these suites at the DNC?
And does this set of policies that they're
really interested in worry you at all?
[00:02:31]
Worries me a great deal,
because obviously I and most
Americans are not in that tier.
It is an exclusive club, and by printing
that menu that goes up to $5 million,
it tells us that while there's
so much hope and enthusiasm
about Kamala Harris and Tim Walz,
[00:02:49]
the ticket, there should be, well,
a reality for us that in this way
the parties are very similar.
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[00:03:05]
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Yeah absolutely.
You know this is part of what people
are talking about when they say
that both parties are the same.
Both are beholden to big money donors.
Both are up for purchase.
[00:03:22]
There is this illusion of democracy where
every vote counts the same as the next.
But we know that influence doesn't
quite work the same way in Washington.
And I mentioned this before a while ago,
that AOC mentioned this back
when she first got into Congress.
[00:03:37]
As soon as she had her office set up,
the lobbyists were banging down her door.
And how difficult is it for them
to decline the money and the perks
that they're offered in exchange for
potentially pushing forward their agendas
and making good on some of their promises?
And it's easy to see how quickly
that can become corrupting to a new young
[00:03:57]
congressperson or even a seasoned one.
And it is really distressing because we
like to think that we live in a democracy,
and that we all get a say in the way
things are run and the way our government
works and the way that the United States
operates not just here at home,
[00:04:12]
but also around the world
domestically and foreign policy.
But it's it's difficult and it's very
disheartening, and it encourages people
to kind of step outside of the realms of
democracy, not participate in it as much
because it is discouraging.
[00:04:29]
Yeah, absolutely.
It turns a lot of people cynical,
turns a lot of people
off of the political process.
When you see that a corporation
or a lobbying group can just fork
over 100,000 or 1 million or 5 million
for access to these suites,
[00:04:45]
do you think that the major powerbrokers
in the Democratic Party are hanging
out in the bleachers, in the nosebleeds,
with delegates or attendees?
No, they're going to these suites and
these people are going to get their ears.
So while we see popular support
for policies that would benefit
[00:05:04]
a vast majority of Americans,
whether it's economic policy or healthcare
policy or policies that people support,
like ending the war in Gaza.
If there's a financial stake in prolonging
some of this suffering, or making sure
some of these problems continue
so companies can profit off of them,
[00:05:23]
that's who they're going to listen to.
And it's like you like you've said,
it's a problem in both parties, certainly.
And at a time where we saw campaign framed
around joy and freedom, it's disconcerting
to see these companies do this,
[00:05:39]
to see these lobbying groups
and special interests do this
again and again and again.
So this idea that if you're not
at the table, you're on the menu.
Well, obviously cannibalistic
is very bizarre.
I can't afford to sit at the table.
How do I get my opinion included?
[00:05:56]
It's just it's frustrating and it
turns a lot of people off of this system,
this process,
participating, volunteering, donating.
When there's somebody with a with
a much larger bank account who would
have outsized influence relative to me.
[00:06:11]
So I don't know if either of you two
have anything else to add, but this just
really rubbed me the wrong way.
Yeah, I think that overall there is a push
to get money out of politics.
I realistically don't know how,
how or when that's even going to happen
because the people who are benefiting
[00:06:27]
from all of this money in politics
are the ones who are going to make
that decision for the American people.
We can just do our best
to elect better people into Congress,
into positions of authority where they
can make those decisions for us.
But my goodness, it is it is difficult to
find even one candidate who is not liable
[00:06:45]
to becoming corrupt in that kind of way.
We have Tim Walz now,
and he seems he seems promising,
so maybe he can do something there.
- Any last words, Sharon?
- Yeah, I mean, I agree with you.
It's I was just thinking
as you were both talking, I wonder
if at some point his core, his background,
[00:07:04]
the way he's lived his life, a man who
does not covet money, and has just real
down to earth values where he'll fit in.
I mean, obviously he's a governor, but he
had some policies that people like Jamie
Dimon just in his state would despise.
[00:07:21]
So you have Kamala Harris,
who's running on.
I took on the big banks
and that whole thing.
And I just think she's right.
People don't want to participate unless
they know you're saying we got a chance.
And with all this money,
the fact that Kamala Harris was able to
[00:07:37]
raise $300 million in a matter of days,
or $95 million throughout the week
at the DNC, tells the story of what's
terribly wrong with our political system.
Thanks for watching The Young Turks
really appreciate it.
[00:07:53]
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