Even as U.S. Senate Republicans hold a unified front in filibustering financial regulatory reform — reforms Wall Street is frantically lobbying to kill — they continue to make the bizarre assertion that the Democrats fighting to pass these reforms are… wait for it… in the pocket of Wall Street!
As Sen. Majority Leader Harry Reid said about the GOP’s characterization of the bill as a Wall Street bailout, ”This is as Orwellian as it gets.”
Not wanting to miss out on the fun, Washington State Republican Party chair Luke Esser is now criticizing Sen. Patty Murray for the half million dollars in political contributions she’s received from Wall Street over the past 18 years:
“Wall Street has taken good care of Sen. Patty Murray and today she returned the favor.”
Of course, Esser is referring to the vote Murray cast in favor of Wall Street reform… you know, the bill Wall Street opposes. Like I said, bizarre.
And as The Olympian’s Brad Shannon points out, that $514,925 Sen. Murray has received from financial industries is “less than 2 percent of the $36 million she’s received from all sources since 1989.” In fact, it’s less than 1.5 percent… exactly the kinda simple math I’m guessing Esser was hoping the press and the public wouldn’t do.
And you know what other kinda math Esser should have anticipated? The kind in which somebody adds up the total dollar value of the contributions Dino Rossi has received from the world of finance over the course of his political career… you know, like $361,882, or more than 1.9 percent of his $18 million total.
That’s right, Rossi, who we can count on to oppose Wall Street reform along with every other GOP senator, has long relied on Wall Street for a greater percentage of his campaign bankroll than Murray, who staunchly supports the very reforms Wall Street and its Republican surrogates oppose.
(FYI, percentage wise, State Sen. Don Benton is even worse, routinely relying on the financial industry for between 12 and 20 percent of his campaign contributions.)
So when Republicans, who traditionally draw a disproportionate share of Wall Street support, work with Wall Street to kill reform legislation that Wall Street opposes, while boldly accusing Democrats of doing Wall Street’s bidding, one can only conclude that Republicans think voters are stupid.
I guess we’ll find out if they’re right or not come November.