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

American Crossroads Spotlights Warren-Defending DSCC’s Wall Street Cash



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American Crossroads aims to complicate matters for Elizabeth Warren, arguing that you can’t bash Wall Street and then turn around
 and take millions of dollars of donations on your behalf from the industry you have identified as the locus of all that is wrong with modern America.

Well, you can, but you shouldn’t, unless you’re a massive hypocrite whose words mean nothing. Hey, you know what? Carry on, Ms. Warren.

Now that the Democratic Senatorial Campaign Committee (DSCC) – which has deep ties to Wall Street – is raising cash to support self-styled Wall Street reformer Professor Elizabeth Warren, American Crossroads president Steven Law is calling on Warren to:

1.       Return any and all funds she has received from the Wall Street-backed DSCC;

2.       Refuse to accept any future DSCC contributions, coordinated expenditures or ads on her behalf; and

3.       Immediately call on the DSCC to stop using her name for fundraising purposes.

The DSCC, which helped recruit Warren to run for Senate in Massachusetts and is now raising money to use for Warren’s campaign, has raised more money from Wall Street than from any other industry.  Since 2005, the DSCC has collected more than $40 million in contributions from Wall Street, the banking and financial services industries.  Just today, DSCC executive director Guy Cecil pledged to “protect” Warren with a DSCC “Emergency Media Campaign.”

“Far left professor Elizabeth Warren should get a PhD in hypocrisy for trying to launder Wall Street political cash through the DSCC’s war chest while simultaneously leading the Occupy Wall Street movement,” said American Crossroads president Steven Law. “Professor Warren ought to put the DSCC’s Wall Street money where her mouth is: and just say no to DSCC support.”

The Financial Services Industry has given more money to the DSCC than any other industry, including trial lawyers or labor unions.

The DSCC’s Wall Street Endowment for Elizabeth Warren

Since 2005 The DSCC Has Taken $40,555,590 From Wall Street, More Than Any Other Industry. (Center For Responsive Politics,http://www.opensecrets.org/, Accessed 12/13/11)

·         In The 2012 Election Cycle, The DSCC Took $1,547,805 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics,http://www.opensecrets.org/, Accessed 12/13/11)

·         In The 2010 Election Cycle, The DSCC Took $7,274,205 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics,http://www.opensecrets.org/, Accessed 12/13/11)

·         In The 2008 Election Cycle, The DSCC Took $19,098,584 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics,http://www.opensecrets.org/, Accessed 12/13/11)

·          In The 2006 Election Cycle, The DSCC Took $12,634,996 From Wall Street (The Securities And Investments Industry, Commercial Banks, And Misc Finance).  (Center For Responsive Politics,http://www.opensecrets.org/, Accessed 12/13/11)

The Second Most Generous Industry To The DSCC Is Lawyers/Law Firms, Which Have Given $33,916,522 Since 2005.(Center For Responsive Politics,http://www.opensecrets.org/, Accessed 12/13/11)

Elizabeth Warren, as you may recall, took credit for creating the “much of the intellectual foundation” of the Occupy Wall Street protesters. I know, I know, you dispute the notion that the Occupy Wall Street protesters have any intellectual foundation at all.

For some reason I’m reminded of Saul Alinsky’s Rules for Radicals: “The fourth rule is: Make the enemy live up to their own book of rules.”


Tags: Elizabeth Warren


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