My wife Dede got an email from Vice President Joe Biden today soliciting her support for the proposed Financial Crisis Responsibility Fee on the country’s largest banks. “Barack and I aren’t backing down. But to win, we’ll need the American people to add their voice right away.” He then tells her she can add her name at my.barackobama.com!
Wall Street owns the Democrats but often assumes the role of the pet dog, simply for political reasons. As previously mentioned in my December 12th post, Democrats got 11 of the top 15 aggregate contributions given by Wall Street. As Kevin Williamson reports in his NRO post Paying for the Privilege, Goldman Sachs gave 73% of its campaign cash to the Democrats and the VC guys gave 75%!
“But if the Democrats are gluttons for Wall Street money, Wall Street is a glutton for punishment: The president and his party in Congress are engaging in truly dishonest demagoguery — asNational Review has noted, TARP losses aren’t coming from the banks, but from largely Democratic messes including AIG, the automakers’ bailouts, and Rep. Barney Frank’s beloved foreclosure-prevention program. But even as the Democrats demonize Wall Street and vilify Big Business in general, the pinstripes-and-obscene-bonuses set continues to write big checks to Obama’s party.”
So mean old Joe Biden can posture and puff all he wants in Obama’s charade. Wall Street gets what it wants in good times and bad, the Democrats do Wall Street’s bidding. So the lap dog doesn’t mind being kicked occasionally, after all he is extremely well-fed and well-housed!
I sure hope Dede doesn’t sign Barack’s web page!
Tom Motherway