The Fix Is In

(AP photo)

Politico reports that Hillary Clinton’s Wall Street backers have a “wink wink, nudge nudge” understanding about her populist rhetoric:

Hillary Clinton sounded like a woman on a mission after her long drive into the heartland: “There’s something wrong,” she told Iowans on Tuesday, when “hedge fund managers pay lower taxes than nurses or the truckers I saw on I-80 when I was driving here over the last two days.”

But back in Manhattan, the hedge fund managers who’ve long been part of her political and fundraising networks aren’t sweating the putdown and aren’t worrying about their take-home pay just yet.

It’s “just politics,” said one major Democratic donor on Wall Street, explaining that some of her Wall Street supporters doubt she would push hard for closing the carried interest loophole as president, a policy she promoted when she last ran in 2008.

There’s going to be a lot of populist rhetoric this cycle — from both sides. Honestly, I don’t care what a candidate threatens to do to Wall Street. What I care about deeply is what they promise to do to re-empower entrepreneurs and the middle class.