Obama Democrats Are the Party of Wall Street Crony Capitalism

April 26, 2010

As Republicans oppose Obama’s bill on adding new financial regulations, keep in mind that Democrats are the recipients of seventy percent of donations from big Wall Street firms.

The bill would ensure that large financial firms deemed “too big to fail” will get bailed out, thereby giving them access to capital at lower costs and letting them assume more risk than smaller banks and financial companies. The Democrats are protecting their big donors in favor of smaller firms and average Americans. They have set up Goldman Sachs (also known as “Government Sachs”), where many members of the Obama administration have worked, to rally public outrage, but the bill would actually help firms like Government Sachs.

The following video was produced by the National Republican Senatorial Committee (via Hot Air):

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