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The right is losing the argument over Wall Street
The right is losing the argument over Wall Street
By Greg Sargent
The American Future Fund, a well-funded Republican independent expenditure group, is up with a $4 million ad campaign in nine states that is designed to undermine President Obama’s populist message.
How? By attacking him as a stooge of Wall Street, pointing out that he supported the financial industry bailout and has staffed his inner circle with Wall Streeters — a seemingly atypical argument from a GOP group:
<...>
Jonathan Chait points out the chutzpah on display here, noting that Mitt Romney’s Super PAC and campaign are heavily funded by Wall Street, that Wall Street types are furious with Obama for all his mean and nasty rhetoric towards them, that Obama passed Wall Street reform, which is hated by the industry, and that Romney has pledged to repeal it, in keeping with Wall Street’s wishes. As Chait notes, given all these facts, it’s amusing that the new Republican message is: “Obama is soft on financial crime.”
Yes, it’s ridiculous. But it’s worth noting that this isn’t the first time this happened. As you may recall, the Rove-founded Crossroads GPS initially ran ads attacking Elizabeth Warren as too cozy with Occupy Wall Street and insinuating she supported protest violence before abruptly shifting gears and running a spot accusing her of being too cozy with the big banks, based on the fact that she ... oversaw bailout spending. This, even though Warren was perhaps the nation’s most prominent critic of TARP.
- more -
http://www.washingtonpost.com/blogs/plum-line/post/the-right-is-losing-the-argument-about-wall-street/2012/02/27/gIQADluvdR_blog.html
By Greg Sargent
The American Future Fund, a well-funded Republican independent expenditure group, is up with a $4 million ad campaign in nine states that is designed to undermine President Obama’s populist message.
How? By attacking him as a stooge of Wall Street, pointing out that he supported the financial industry bailout and has staffed his inner circle with Wall Streeters — a seemingly atypical argument from a GOP group:
<...>
Jonathan Chait points out the chutzpah on display here, noting that Mitt Romney’s Super PAC and campaign are heavily funded by Wall Street, that Wall Street types are furious with Obama for all his mean and nasty rhetoric towards them, that Obama passed Wall Street reform, which is hated by the industry, and that Romney has pledged to repeal it, in keeping with Wall Street’s wishes. As Chait notes, given all these facts, it’s amusing that the new Republican message is: “Obama is soft on financial crime.”
Yes, it’s ridiculous. But it’s worth noting that this isn’t the first time this happened. As you may recall, the Rove-founded Crossroads GPS initially ran ads attacking Elizabeth Warren as too cozy with Occupy Wall Street and insinuating she supported protest violence before abruptly shifting gears and running a spot accusing her of being too cozy with the big banks, based on the fact that she ... oversaw bailout spending. This, even though Warren was perhaps the nation’s most prominent critic of TARP.
- more -
http://www.washingtonpost.com/blogs/plum-line/post/the-right-is-losing-the-argument-about-wall-street/2012/02/27/gIQADluvdR_blog.html
They're grasping for straws to save RMoney.
2 replies
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