April 21, 2010

POLITICO: Dems Haunted By Corporate Ties: “President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there’s a complication in their battle plan: The Democratic Party is closer to corporate America — and to Wall Street in particular — than many Democrats would care to admit.”

UPDATE: Related thoughts from Michael Barone. “Republicans have been accurately attacking the Dodd bill for authorizing bailouts of big Wall Street firms and giving them unfair advantages over small competitors. They might want to add that it authorizes Gangster Government — the channeling of vast sums from the politically unprotected to the politically connected.”

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