Thursday, February 04, 2010

The world's second-oldest profession

The next time you hear a Republican say his party is looking out for ordinary folk just like you, remind yourself that he's a damned liar.

Also remind yourself that you don't matter, that the whole political system is set up to screw you and screw you good, and that there will be no meaningful reform of, well . . . anything if there's big money on the side of the status quo.

HONEST TO GOD, Republicans are so shameless they don't even go off the record when they talk to The Wall Street Journal about workin' hard to stay the bankers' bitch:
In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.

GOP strategists hope to benefit from the reaction to the White House's populist rhetoric and proposals, which range from sharp critiques of bonuses to a tax on big Wall Street banks, caps on executive pay and curbs on business practices deemed too risky.

Democrats have dominated Wall Street's fund-raising circles in recent elections. Mr. Obama himself raised millions of dollars from employees of Goldman Sachs Group Inc., Citigroup Inc., J.P. Morgan Chase & Co. and other Wall Street firms.

Now, at least some Wall Street executives have reduced their political contributions to the Democratic Party and its candidates, according to fund-raising reports and interviews with executives at financial-services firms.

Last week, House Minority Leader John Boehner of Ohio made a pitch to Democratic contributor James Dimon, the chairman and chief executive of J.P. Morgan, over drinks at a Capitol Hill restaurant, according to people familiar with the matter.

Mr. Boehner told Mr. Dimon congressional Republicans had stood up to Mr. Obama's efforts to curb pay and impose new regulations. The Republican leader also said he was disappointed many on Wall Street continue to donate their money to Democrats, according to the people familiar with the matter.

A spokeswoman for J.P. Morgan declined to comment.

"I sense a lot of dissatisfaction and a lot of buyer's remorse on Wall Street," said Rep. Eric Cantor (R., Va.), the second-ranking House Republican and a top Wall Street fund-raiser for his party.
THE DEMOCRATS, of course, wasted no time in going all Huey P. Long on the GOP -- that is, if the Kingfish had used words like "symbiotic":
The White House referred calls seeking comment on Wall Street donors to the Democratic National Committee. A DNC spokesman said: "It's not surprising that Republicans are seeking money from the same banking industry they are the champions of. The relationship between Wall Street and Republicans is symbiotic."
THIS WOULD be funny if it weren't so Orwellian. Think 1984, Ministry of Truth.

The Democrats, you see, took home most of the Wall Street money during the 2008 campaign. And if the DNC spokesman's name happened to be Winston Smith, I'm reaching for the Early Times right now.

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