The Banksters are not the GOP’s Friend
By HHR | June 21st, 2010 | Category: Featured, General, HHR Contributors | 1 Comment »
(hat tip: The Churchillian ) Few political issues animate or anger me more than the continuing support of the Congress and the President for the Troubled Asset Relief Program. TARP is the most brazen example of corporate welfare in the nation’s history. It is a symbol of how rotten and corrupt Washington has become and how entrenched the nation’s ruling Oligarchy is.
And so I’m always on the lookout for any analysis that takes the banks to task and I struck gold with this outstanding article by Christopher Caldwell in the Weekly Standard.
Caldwell’s focus is on the ruling class of bankers who have essentially bought both political parties, but the Democrats even more so than the Republicans.
Ideologically, of course, Republicans have long been the party more amenable to financial deregulation—and that is an important consideration if you believe that democracy is functioning properly. If you believe it has degenerated into a kind of oligarchy, however, the important question becomes not the ideology of the respective parties but the allegiances of the oligarchs. What are the allegiances of our oligarchs? Which is their political party?
Anyone who has spent any time in Manhattan in the playgrounds of America’s banking elite or out at one of the thousands of well to do mansions in Greenwich, CT or the Hamptons can easily tell you that these elites are classic limousine liberals. Many threw lavish fundraisers for Obama where champagne was sipped, caviar was consumed, the middle and working class were mocked and where big campaign donations were made.
Read More: http://thechurchillian.blogspot.com/2010/06/banksters-are-not-gops-friend.html
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This article is interesting. I remember reading some documents on which political parties most companies donate to and it’s more Democrats than Republicans.