The Campaign Spot

Election-driven news and views . . . by Jim Geraghty.

The Democrats’ Party-Wide Expiration Date Regarding Wall Street


When I saw the title, “Guess Who’s the Real Party of Wall Street”, I cringed, suspecting that the National Republican Senatorial Committee had jumped on the bandwagon of broad-spectrum Wall Street-bashing,

But this video does a pretty good job of spotlighting the deep ties between Democrats and various Wall Street firms, including on staff and personnel, and the Democrats’ over-the-top denunciations of Wall Street greed. The Democrats have cast these firms as the villain in our economic troubles, but had no problem taking hundreds of thousands in donations from them.

Goldman Sachs’ lawyer in the SEC case is former White House counsel Greg Craig. Obama’s been in office 16 months, and already we’re seeing his former White House staffers go to work for firms under investigation!

Recall Obama’s pledge, “No political appointees in an Obama-Biden administration will be permitted to work on regulations or contracts directly and substantially related to their prior employer for two years. And no political appointee will be able to lobby the executive branch after leaving government service during the remainder of the administration.”

Craig isn’t lobbying, per se; he’s just providing a special service for a wealthy client, in which his prior experience in government and close working relationships with administration officials will probably be useful. You know, like Tom Daschle.

Expiration Date achieved!

Tags: Barack Obama , Greg Craig , NRSC , Senate Democrats


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