Hillarysworld

Members Login
Username 
 
Password 
    Remember Me  
Post Info
TOPIC: Democrats Haunted by Corporate Ties (CommonDreams) 04-20-10


Moderator

Status: Offline
Posts: 1695
Date:
Democrats Haunted by Corporate Ties (CommonDreams) 04-20-10
Permalink  
 


Dems are boasting about their plan to take on Wall St..  The only problem is - Wall St. helped put them in office.  In this regard, it's hard to recognize the Dems from the Pubs - both pimped themselves out to business.  Here's the  primary difference - the Pubs are proud of their relationship with business.  Dems try to pretend they don't have a relationship.

Democrats Haunted by Corporate Ties
by Jonathan Allen and Eamon Javers
published by Politico.com

President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there's a complication in their battle plan: The Democratic Party is closer to corporate America - and to Wall Street in particular - than many Democrats would care to admit.

Wall Street connections could hurt Democrats as the White House pushes for regulatory reform. (AP photo composite by POLITICO)
Former White House counsel Greg Craig has just signed on as an institutional Sherpa for Goldman Sachs, the iconic financial firm facing fraud charges from the Securities and Exchange Commission.

Former House Democratic leader Dick Gephardt lobbies for Goldman Sachs, Visa and the coal industry. Former Senate Democratic leader Tom Daschle - Obama's first choice to head Health and Human Services - is an adviser for a lobbying firm that represents Charles Schwab, Comcast, Lockheed Martin, Verizon and a host of other corporate interests.

Attorney General Eric Holder once lobbied for Global Crossing - sometimes described as the Democratic Enron - and White House chief of staff Rahm Emanuel made eight figures in a little more than two years as the Chicago-based managing director at Wasserstein Perella & Co. between jobs as a senior aide in President Bill Clinton's White House and as the congressman representing Illinois's 5th District.

And the Democrats rode to their majorities in the House and the Senate on a wave of cash Emanuel and New York Sen. Chuck Schumer helped them raise from Wall Street. Earlier this month, a hedge fund manager at the center of the Goldman Sachs fraud case held a fundraiser for Schumer in New York.


"It's pathetic," Sen. Bernie Sanders, a liberal Vermont independent who caucuses with the Democrats, said of news that Goldman Sachs has hired Craig. "But it's what goes on around here."

The Republican Party is still emphatically aligned with business, but in most cases unapologetically so. For Democrats, the dance is trickier: How do you reap the financial rewards of corporate America without offending your core political beliefs - or your party's committed base?

Democrats say their willingness to tackle Wall Street with a tough regulatory reform bill is the best evidence that they aren't compromised by their corporate connections. But the regulatory reform push is also evidence that they know just how hard the political winds have shifted against a pro-business wing of the party that gained influence when Democrats were out of power.

The sensitivity is so great that, when a little-known aide to House Financial Services Committee Chairman Barney Frank jumped ship for K Street earlier this month, Frank took the unusual step of vilifying him in public.

snip

read more
http://www.commondreams.org/headline/2010/04/21-2


__________________
It was we, the people; not we, the white male citizens; nor yet we, the male citizens; but we, the whole people, who formed the Union.... Men, their rights and nothing more; women, their rights and nothing less.  ~Susan B. Anthony



Moderator

Status: Offline
Posts: 798
Date:
Permalink  
 

Don't expect them to give those donations back either. Not going to happen.

__________________
Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us


Create your own FREE Forum
Report Abuse
Powered by ActiveBoard