Moneyed interests pulling strings for both US parties: Analyst

The moneyed interests have been pulling the strings for both Republican and Democratic parties in the United States for decades, according an American political analyst and activist.

Myles Hoenig made the remarks in an interview with Press TV on Friday while commenting on an article by Washington Post columnist George F. Will, who wrote on Thursday that if the GOP nominates Donald Trump for the US president, it would be the "end" of the conservative party.

“Conservatives’ highest priority now must be to prevent Trump from winning the Republican nomination in this, the GOP’s third epochal intraparty struggle in 104 years,” Will wrote.

The Pulitzer Prize-winner journalist said preventing Trump from clinching the Republican nomination should be an even higher priority than stopping the Democratic Party from winning a third presidential term in the office.

Hoenig said, “There is no doubt that the Republican political establishment is worried about what Donald Trump might do to the party or its future prospects. It is likely, if not probable, that a Trump nominee would lose by a very wide margin to a Democrat in the 2016 election.”

“He has discredited the party to the point that the in-fighting has become noticeably more vitriolic and the attacks on him by the Democrats have been quite demagogic, as his own speeches have been,” he added.

“Whether we see a brokered convention this coming summer is not known. George Will’s concern is that such an outcome would inevitably split the party and perhaps alter it beyond recognition. However, we can say that about the Democrats as well in the past,” he stated.

“Because a very liberal senator, George McGovern, was able to take on the establishment in 1972 the rules to the Democratic Convention changed to the point we do have coronations now, whether the nominee is known in the beginning or not,” the analyst noted.

Hoenig said went on to say that “the party establishment and the moneyed interests have been pulling the strings for both parties for decades. In 2008 Barack Obama might have come out of nowhere with very little experience or pedigree, but he was definitely the best ally of Wall Street in their eyes. At that time, Wall Street was not ready for Hillary Clinton.”

“In 1995, President Clinton announced to the world that he was still ‘relevant’. There have always been times that the punditry saw the demise of one party or another, only to be proven wrong each time,” he said.

“Yes, Clinton’s successor Gore lost to Bush for 8 years but the Democrats came back much stronger afterwards. When they then lost the Congress in 2010, stories abound about the end of the Democratic Party,” he stated.

“As long as Wall Street and other interests are served by either party, both parties will continue. Perhaps in some other configuration, but only a radical reform of election laws will we ever truly see these two parties, who together represent less than half of all registered voters, become marginalized,” Hoenig concluded.