Ron DeSantis, Nikki Haley and Politically Obtuse Plutocrats

All Wall Street wants is a good hypocrite — someone who can convince the Republican base that he or she shares its extremism, but whose real priority is to enrich the 1 percent. Is that too much to ask?

Apparently, yes.

If you’re not a politics groupie, you may find the drama surrounding Nikki Haley, the former governor of South Carolina, puzzling. Until recently, few would have considered her a significant contender for the Republican presidential nomination — indeed, she arguably still isn’t. But toward the end of last year, she suddenly attracted a lot of support from the big money. Among those endorsing her were Jamie Dimon, the head of JPMorgan Chase, a new business-oriented super PAC called Independents Moving the Needle and the Koch political network.

If this scramble sounds desperate, that’s because it is. And it looks even more desperate after Haley’s recent Civil War misadventures — first failing to name slavery as a reason the war happened, then clumsily trying to walk back her omission.

But there is a logic behind this drama. What we’re witnessing are the death throes of a political strategy that served America’s plutocrats well for several decades but stopped working during the Obama years.