Michele Bachmann - A Banker In Populist’s Clothing

   Received an email this morning from a Minnesotan, expressing his embarrassment over Michele Bachmann’s response to the State of the Union Address.  I went to YouTube to see what she had to say and fully understand his embarrassment.   The Congresswoman is preaching the gospel of getting rid of those regulations that are left (apparently she is simply ignoring the recent financial meltdown and the lack of regulation that caused it) and trusting in lassiez faire, Wall Street and the big corporations.  If we do that, she says, everything will be just fine.  Or at least a whole lot better.

Just for kicks, I went to OpenSecrets.org to find out who Ms. Bachmann’s biggest contributors are.  At the very top, is what appears to be a “grass roots” organization called the “Club for Growth.”  Never heard of them?  Neither had I.

Here’s a little about the “Club,” which is nothing more than a front for Wall Street.

“Chaired by prominent Wall Street investors like Thomas Rhodes and Richard Gilder, as well as the wealthy and reclusive Howie Rich, the Club collects funds from employees of J.P. Morgan Chase and Goldman Sachs, while being buoyed by large donations like a $1.4 million contribution from investor Stephen Jacksons of Stephens Groups Inc. The hand-picked candidates of the Club claim to lead the tea party movement, even though polls show that 70% of self identified tea partiers want the government to help create jobs, and nearly half want government to rein in executive bonuses.” -ThinkProgress.org

Since 1989, the Club for Growth has been Congresswoman Bachman’s biggest contributor, donating $92,630 to her campaigns.   TCF Financial, is her third largest contributor, at $40,900.   Somewhat farther down the ladder is the American Bankers Association, which kicked in another $24,000.

Imagine that.

1 comment:

  1. RetREMF, Monday, November 7th, 2011, 12:58 pm

    The assertion in the quote from ThinkProgress.org, “…even though polls show that 70% of self identified tea partiers want the government to help create jobs, and nearly half want government to rein in executive bonuses” is wrong. Evidently no one is reading the Bloomberg article about the poll that is linked in the quote above and in the original piece at ThinkProgress.org. And evidently no one read the darn poll itself.

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLBZwxqgYgwI&pos=8

    There is absolutely nothing in the Bloomberg article or poll itself to support the “70% of self identified tea partiers” assertion. Only 26% self identified as SUPPORTERS (pg 7 of poll). Further, there is absolutely NOTHING to support the headline for the Bloomberg piece which reads, Tea Party Advocates Who Scorn Socialism Want a Government Job. Wanting a federal gov’t that fosters job creation is more than a stretch and certainly a far cry from wanting a government job.

     

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