Cory Booker Seeks Economic “Justice” as a Candidate, But his Record Tells a Different Story

“These senators get the most Wall St. campaign cash” reads the headline in a CNBC story.

The headline is very effective because it lures people into reading the story precisely because they want to know who tops the list of senators who receive money from Wall Street business executives. If you’re like most people who are interested in politics, you’re probably thinking, ‘I wonder which of the Republicans who support big business is No.1.’

So who do YOU think receives the most money from Wall Street donors? Mitch McConnell? Marco Rubio? Ted Cruz?

OK these are unfair questions because our headline wasn’t as mysterious as the CNBC headline. You knew from the start of this article that Wall Street is a fan of Cory Booker so the New Jersey senator is likely high on the list. Here’s the big surprise though — Cory Booker is not only high on the list, but he is NUMBER ONE.

“Financial firms are shelling out big cash for the (2014) midterm Senate elections, but their favorite candidate is an unlikely one: left-leaning New Jersey Democrat Cory Booker,” reported CNBC in 2014.

“An industry that has historically favored Republicans is spreading out campaign contributions this fall in an attempt to influence Washington lawmakers on the plethora of banking reforms already enacted or in the pipeline.”

There were 36 Senate elections for the U.S. Senate in 2014. That means there were roughly 72 major candidates. Wall Street securities and investment firms donated $17.6 million to Senate candidates that year or roughly $250,000 to each candidate.

Booker, though, received $1.88 million, which was more than Mitch McConnell, the Senate minority leader at the time who was Wall Street’s second favorite candidate, as well as Jeff Sessions, Pat Roberts, Susan Collins, Lindsey Graham, Lamar Alexander, John Cornyn, and many other GOP stalwarts.

But the news gets worse — worse that is if you’re a Democrat who expects that Booker’s rhetoric on the campaign trail is an indication of what he would do as President Booker. The Wall Street industry was the NUMBER ONE donor to Booker in 2014, according to records kept by SNL Financial and Attorneys were No. 2; the real estate industry was No. 3.

“Booker also received more money from real estate groups than any other member, as well as more from the entertainment and tech industries, accountants, and groups considered to be pro-Israel,” reported the 2014 WNYC article “Booker Gets More from Wall Street Than Any Member of Congress.”

Why is Booker so popular with financial industries although in the words of the CNBC article “Booker’s policy stands are mostly favorable to the left?”

The easiest answer is that he’s a hypocrite, but there’s more to it than that. The fact is that Wall Street loooooves him because of his record as the mayor of Newark, N.J., a city that is not hospitable to the ordinary people he claims he will fight for if he becomes president. Booker’s record as mayor is probably a far, faaaaaaaar better forecast of what he will do as president than what his votes have been as a liberal senator.

On the campaign trail, Booker has been as liberal as he has been as a senator. He has to be if he wants to be the Democratic Party’s presidential nominee in 2020. In his April 13 speech officially declaring his candidacy, his focus was in the words of that day’s The New York Times article “Cory Booker, Citing a Rising Newark, Pitches a Campaign of ‘Justice’” “his vision for addressing the economic and social ills of the country.”

So what has Booker done for a “rising Newark?” The article’s facts are different than what Booker “cites.” “(Newark) still struggles with crime and poverty,” the article reports. “The median household income is roughly $20,000 less than the national average, and more than 28 percent of the city’s residents live below the poverty line, according to the United States census.”

Booker is also a very wealthy man — and most of his wealth comes from “lucrative speaking engagements and royalties” reports Fox News in the article “Cory Booker’s tax returns shows income from lucrative speaking gigs, royalties.” He earned $2 million in speaking fees between 2009 and 2014. Booker is worth $5 million, reports Fox.

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11 Responses

  1. It’s interesting ….. Booker can’t wipe his own ass at home …..his city is a mess: poverty, unemployment, no jobs….but he wants to do the same for America! It appears he’s all about big money, a bought and paid for politician that scratches the back of big business. So he’s got rich being a black speaker, how nice, so similar to Obama. All those speaking engagements means he was another politician not doing his paid position, more interested in facilitating self- worth. This candidate has no substance, another windbag liberal wanting recognition and power.

  2. Corey Booker can be bought by WS but his NJ voters cannot be bought by WS. They can only be won with more local prosperity in their pockets by a plan to bring it to them. WS can buy Booker votes, but not the NJ Citizens that are voters for their own benefits never delivered, They are still under the National average for income while he has gathered $5 million from their political loyalty? How is that for economic justice and moral equivalence he preaches. It still only delivers equal poverty. Sorry poor NJ voters, there still is no free political lunch. Look to yourself for the legal prosperity that you can create. You have the coalition vote to get what you must have from industry. Think opportunity zones? Think equity? Deny the phony vegan baloney of Socialisms elitist controllers funded by the power brokers selling the disappearing pea under the shell game,.. No winners there.. Come off the plantation and deny the con game.. Take a look at the ESOP corrections.. You have enough legal coalition power to buy a total industry.? Read Jack Stack for inspiration?

  3. Cory Booker, the bald headed, big nose, big mouth says he is running for Pres., wants Wall street cash, money is the root of all Newark’s poverty, Ghetto fense defense for why he is a politician hack who says justice for the poor, why is he not getting people off the welfare rolls and education skills, job employment virtually non-existant.

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