Clinton & Wall Street

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Published on Tuesday, February 13, 2001 in the Madison Capital Times

Clinton & Wall Street

Editorial

Get this: The president of Morgan Stanley Dean Witter has apologized to the company’s clients for inviting Bill Clinton to address a company conference last week. It seems that some of Morgan Stanley’s clients took a break from investing in Third World sweatshops to complain about their broker paying the ex-president an estimated $150,000 to entertain the firm’s annual "High Net Worth" conference in Florida.

Talk about ingrates!

Bill Clinton spent eight years carrying water for Wall Street — supporting NAFTA, GATT, permanent normal trade relations with China and every other sleazy deal that put the U.S. government on the side of corporate profits at the expense of workers, the environment and human rights. Clinton cheated social spending in order to eliminate the deficit — allowing business to reap record profits while the number of Americans without health insurance rose. Clinton even supported tax breaks that grew the gap between rich and poor to unprecedented levels.

By any measure, Bill Clinton was the best president Wall Street ever had.

But now that he is no longer in a position to deliver for his corporate pals, he is persona non grata.

That’s gratitude for ya.

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