Republicans Cozy Up To Wall Street, Vow To Protect Big Banks

An article in today's Wall Street Journal perfectly captures the modern Republican Party.  Despite attempting to reframe themselves as the party of everyday Americans, the GOP is intent on going to bat for the Wall Street bankers whose irresponsible behavior brought down America's economy.

The Wall Street Journal wrote:

Republicans are stepping up their campaign to win donations from Wall Street, trying to capitalize on an increasing sense of regret among executives at big financial institutions for backing Democrats in 2008.

In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.

GOP strategists hope to benefit from the reaction to the White House's populist rhetoric and proposals, which range from sharp critiques of bonuses to a tax on big Wall Street banks, caps on executive pay and curbs on business practices deemed too risky.

Choosing to stand with everyday Americans over the big banks on Wall Street, the president proposed a Financial Crisis Responsibility Fee - a levy on the very same corporations whose greed inflicted so much pain on the nation.  Yet rather help taxpayers recover their money, Republicans universally attacked the idea.

With millions of people still unemployed, Americans desperately want their representatives in Washington to stand up for the needs of everyday families.  By cozying up with Wall Street, Republicans are ignoring the needs of their constituents simply to boost their campaign coffers.