House Republican Leader John Boehner and his party are carrying water for the Wall Street banksters, and, the Washington lobbyists couldn't be happier. Roll Call reports:
K Street is starting to see red.
With House Republicans poised to make major gains in November and Minority Leader John Boehner working to become the next Speaker, lobbyists are not-so-quietly cozying up to the Ohio Republican...
“I think his presence for some people carries more gravitas than it used to,” said Altria’s top lobbyist, Bruce Gates, who is close to Boehner. “The guy you hung out with at the club, golf course or legislative coalition meeting, suddenly you look at him a little differently...”
A regular on the cocktail and fundraising circuit, Boehner has long been friendly with a number of corporate and contract lobbyists — a network that he is increasingly relying on now as he eyes the Speakership. Altria’s Gates, along with his wife, Joyce Gates, who once served as Boehner’s chief of staff, and Quinn Gillespie’s Lampkin are considered key members of Boehner’s inner circle, as are Gary Andres of Dutko Worldwide, Terry Holt, a former Boehner aide who is now with the Republican lobbying firm HDMK, and John Fish, an in-house lobbyist with R.J. Reynolds Tobacco Co.
Ohio native Steve Clark of Clark, Lytle & Geduldig, his partner Sam Geduldig, who was Boehner’s political director, and Glover Park Group’s Brian Gaston, another one-time Boehner staffer, are also tight with the top House Republican.
“I think that he has an excellent relationship with a lot of people on K Street,” Rep. John Kline (R-Minn.) said. “He raises a lot of money through the Freedom Project, and of course, he transfers a lot of money to the team, to the [National Republican Congressional Committee] and to Members.”
Boehner buddies around with K Street Lobbyists. And, they make handsome contributions to his campaigns. Follow the money and the friendships. It's clear who John Boehner is working for.
When the farmer throws out the corn, the pigs run to the trough. That's what's happening in American politics today. Wall Street is throwing out the coin and the politicians are scurrying to grab it up.
John Boehner and Mitch McConnell have sensed an opportunity. By staking out pro-Wall Street and anti-Main Street positions against financial regulatory reform, they know they have positioned themselves in the right place to maximize their ability to grab up that Wall Street coin. The WSJ observes:
Republicans are stepping up their campaign to win donations from Wall Street, trying to capitalize on an increasing sense of regret among executives at big financial institutions for backing Democrats in 2008.
In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.
GOP strategists hope to benefit from the reaction to the White House's populist rhetoric and proposals, which range from sharp critiques of bonuses to a tax on big Wall Street banks, caps on executive pay and curbs on business practices deemed too risky.
Wall Street knows where their bread is buttered. Many of them are against real reform because they know their profits are at stake. So, they're investing in the Republican Party to stop real reform. Read the story and find out where Wall Street is investing to scuttle reform.