As if there were any doubt, and despite spooning with gullible teabaggers, the Republican Party’s first love is the moneyed class.
As Democrats attempt to hammer out some kind of effective financial regulatory reform legislation, John Boehner, House Minority (read: MINORITY) Leader, has assured nervous bankers that reform is a long way away.
From Think Progress:
House Minority Leader John Boehner (R-OH) told “an enthusiastic crowd of bankers” today that, even if the Senate passes a bill, reconciling it with the House version will take another year. “If the Senate is able to produce a bill, I think it’s just as likely that we’ll be talking about the same issue a year from now as we are right now,” Boehner said at the American Bankers Association government relations summit.
“Don’t let those little punk staffers take advantage of you and stand up for yourselves,” Boehner said.
The website also reported:
In February, Boehner met “over drinks” with JP Morgan Chase CEO Jamie Dimon, where he “made a pitch” for Wall Street support by explaining that “Republicans had stood up to Mr. Obama’s efforts to curb pay and impose new regulations.” Sen. John Cornyn (R-TX), chairman of the National Republican Senatorial Committee, “said he visited New York about twice a month to try to tap into Wall Street’s ‘buyers remorse’” with Democrats. These pitches had some effect too; last year, “major Wall Street players began sending an increasing share of their donations to Republicans.”
If it’s true that “major Wall Street players” are throwing in with Republicans, that’s the best news I’ve heard in a long time. The Democratic Party should unmistakably be the party of “major Main Street players.”