Ever since Donald Trump secured the presidency in 2016, there have been those who have argued that Joe Biden is the Democrats’ only chance at victory in 2020. Why? He plays well with working- and middle-class voters who might otherwise vote for Trump. While many question the merits of this assessment, it appears that at least one important figure has embraced this interpretation: “Middle Class Joe” Biden (his nickname, he assures us).
It is, therefore, puzzling that Biden is seemingly already betraying his supposed working-class base by cozying up to financial industry titans like Blackrock CEO Larry Fink. In January, The Atlantic reported, Biden went to see Fink, who told the ex-vice president “I’m here to help,” which Biden took as a sign that Fink wanted a role in his campaign assuming he runs.
Ingratiating oneself to Wall Street executives hardly seems a winning strategy, no matter your base or “lane.” A 2017 poll, for example, found that 72 percent of Americans believe that Wall Street has too much influence in Washington.