By Dan Weil at Newsmax
Former White House budget director David Stockman isn't exactly jumping head over heels for Hillary Clinton's presidential campaign.
"The day of fiscal reckoning is being forestalled by an artificial, destructive and unsustainable monetary regime that has drastically lowered the true cost of the national debt and monetized trillions of public debt with central bank credit plucked out of thin air," Stockman says.
"Hillary Clinton's sell-out to the Warfare State is not just about war and peace — even as it fosters the former and precludes the latter. It's also about the nation's busted fiscal accounts, its languishing main street economy and the runaway gambling den that has taken over Wall Street."
"Is she willing to really challenge powerful interests when that is needed to help the whole country?"
Vinik's take: "if her comments over the past year are any guide, then the answer to that question is no." Indeed, "Clinton has long cultivated close ties to Wall Street," he notes.
The securities and investment industry contributed more than $7 million to Clinton's presidential campaign in 2008. And since she left the Obama administration in 2013, Clinton has earned big bucks giving speeches to Wall Street firms.
She will try "reaching out to progressives without infuriating Wall Street donors," Vinik says.