Fund Your Utopia Without Me.™

07 October 2011

OWStreeters: Take America Back From The Bankers! Vote to Re-Elect The Bankers' Man, Barack Obama, In 2012!

The GOP’s connection to Wall Street is more strained now than at any point since perhaps JFK’s presidency. Let us recall that it was Obama – not McCain – who picked up the most money from the banking, hedge fund, and securities sectors. It was a majority of House Democrats – not Republicans – who voted for TARP. And it was the Democratic financial reform bill – not the GOP’s – that ignored Fannie & Freddie and watered down the Volcker Rule to irrelevance. Tim Geithner's financial bailout plan prompted even John Heilemann (no GOP partisan!) to declare that it was “strikingly favorable to Wall Street.”

So, if there was ever a cycle that the charge--“The GOP is a tool of fat cats!”--won’t stick, it is 2012.

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