The Political Dynamics of Wall Street

Democrats and Republicans share a vested interest in strengthening the retirement savings system, as both parties recognize its electoral importance. Wall Street historically leans Democratic but harbors a desire for pro-business policies, leading to frustration with Biden's perceived anti-business stance. This frustration has prompted prominent Wall Street figures to express the need for a change in leadership, particularly eyeing potential candidates like Kamala Harris, who is viewed as more business-friendly. The pressure from Wall Street culminates in significant influence over the Democratic Party's direction and potential candidate selection.