You’d think going to prison for bank fraud might a humble a man a little.
Well, clearly you don’t know radical leftist crusader Robert Creamer, one of the architects of ObamaCare, very well. Creamer, by the way, is a convicted felon who defrauded a bank in order to fund his leftist pressure group.
The name of his article at the liberal Huffington Post is Republicans Are So Drunk on Wall Street Money They’re Driving Off a Political Cliff.
Creamer, who is husband of obnoxious socialist Rep. Jan Schakowsky (D-Ill.), writes that Republians “voted against even debating a bill to hold the big Wall Street banks accountable. And the reason: they were drunk on Wall Street money.”
It’s balderdash and Creamer knows it which is why he doesn’t produce a single statistic to prove his claim. Not one single figure. None. Zero. Zilch. Nada.
It’s an obvious smear.
Anyone who has studied the issue knows the Democratic Party practically owns Wall Street.
As Timothy P. Carney notes, a recent report shows that ”the Securities and Investment Industry, Wall Street, gave 63% of its money to Democrats.” Carney also notes that ” the top three Wall Street recipients are all Democrats, and 8 of the top 10 are Democrats.”
And the subject of this week’s inquisition on Capitol Hill, Goldman Sachs, is similarly close to Democrats.
Goldman’s employees gave President Obama $994,795 during the last election cycle, making the employees of the bank the Obama campaign’s largest private sector financial backer, according to the Center for Responsive Politics. The nearly $1 million sum is “more than the combined Goldman haul of every Republican running for president, Senate, and the House,” Carney noted in a separate article.
As I noted previously, the idea that Republicans are close to Wall Street is pure nonsense that has been eagerly lapped up by those who want to believe the worst about Republicans, capitalism, and America itself. Note that the Securities and Exchange Commission lawsuit against Goldman for securities fraud was filed just in time for the bank to bend over for a televised spanking in Congress.
But Goldman, which engages in the ritual of public self-flagellation from time to time on advice of counsel, is the best friend that Democrats and leftists ever had on Wall Street. Its alumni and enablers have pushed faddish, left-wing, pro-Big Government policies for as long as I’ve been a journalist.
Goldman’s business model is simple: the bigger and more stifling government gets, the more profit Goldman makes.
That’s it in a nutshell.