It’s official – the Tea Party is now the political wing of Wall Street

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Despite running on a platform against the bailouts and against Wall Street corruption – all 15 Freshman Republicans in the House Tea Party Caucus are snugly in the pocket of Wall Street. A study by the Center for American Progress shows that every single one of the 15 Tea Party Freshman Republicans has received campaign cash from either banks that got bailed out or from Wall Street’s biggest interest group the American Bankers Association – or both.

In total – these Members of Congress have collected more than $600,000 from Wall Street – and in return they're voting in line with the banksters – supporting more deregulation and cutting funding to the Dodd Frank Wall Street reform law. In 2010, American voters were duped into voting for these corporate shills with a massive AstroTurf effort staged by millionaires and billionaires like Dick Armey and the Koch brothers. Let’s see to it that it doesn’t happen again this year.

Thom Hartmann Administrator's picture
Thom Hartmann A...
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Thom, look closer and you will find that all major financial institutions donate to ALL political candidates regardless of party affiliation. Surely you are not trying to imply that only "tea party" congress members received donations?

As for their voting intentions, it is truly a shame you think so dimly of your fellow Americans and that they were "duped" into voting for their member. Let me posit to you that American voters are capable of making up their own minds on issues and that it is possible they may arrive at conclusions that differ from your own.

You need to consider the facts before you, and fact is that it was government intervention in the financial sector in the first place that created the housing bubble and subsequent collapse. It was free market interference such as the Dodd-Frank bill that forced lending institutions to disregard key loan indicators such as credit history and employment history for purely politically correct reasons.

The desire to not seem "rascist" and the social engineering of "equal outcomes" is what led to the crisis.

Calperson's picture
Calperson
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Dec. 11, 2010 9:21 am

I'm glad you were able to pull yourself away from Rush and Fox news long enough to post. And, yes, Americans are easily duped if they get their info only from Fox or right wing radio. Don't forget, 53% of Bush supporters believed Saddam was responsible for 9/11-yes people can be easily duped.

lovecraft
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May. 8, 2012 11:06 am

Instead of complaining about Fox news, why don't you Lefties put out news channel and take Fox out. At the begining of every Hartmann show his opening line is pimping the size of his brodcast. If it were that great, Hannity, Limbaugh, and Shultz should be quaking in there boots. Listeners = advertising revenue. Beat them and get America on your agenda. Did you ever consider you may not be anywhere near the hertbeat of America?

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THISAA
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Dec. 16, 2011 5:49 am

Two stupid con posts showing they know nothing about the business and can repeat the proganda memes of their FAUX catechism.

Corporate media is not bipartisan. The business interests of Corporate media parallel those of other big corporations rather than having any interest in social responsibility or democracy. It is all about the fiduciary, so why give equal time to those who raise serious doubts about the system? That there is any market for reason and intelligence is what is remarkable, and both Thom and Ed Schultz have some public exposure because there is both an audience and some need to appear balanced.

The idea that the Rightie dominance in stations or that FAUX is a grass-roots phenom on the Right that proves that there is little turf on the Left are illusions. Big Money has a Message to sell, and it can pay the Right to do it. The future is bypassing this market anyway, so twitter and tweet away. The big point is that the appetite for ideology v. cognitive dissonance is never balanced. Even if a lot of people love to get their ideology fed by the media, only those willing to hear inconvenient truths will have a healthy diet.

drc2
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Apr. 26, 2012 11:15 am

When the fox ignorati face cognitive dissonance, they double down. They are also confused when they think we care about their ignorance. I wouldn't let my kids play with theirs, but other than that stupidity loves company, and doocey, and rush, and sean. Don't even try to tell them that WWF is not real though, they could go columbine. Another insider secret, the stooges weren't bonking each other.

douglaslee's picture
douglaslee
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Jul. 31, 2007 3:01 pm

[quote=drc2]

The future is bypassing this market anyway, so twitter and tweet away.

[quote=drc2]

Then you do not have to worry about Fox News. You can get all your news via twitter. Just think of it as Al Gore's revenge by inventing the internet.

THISAA's picture
THISAA
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Dec. 16, 2011 5:49 am

Thanks Thom for exposing the truth. As soon as the tea party switch from protesting bailouts to tax cuts,you knew there soul belong to the economic kings.If these astro turf/brown shirt fascist 1% representatives steal more elections,this country & world will be "beyond revolution"! May God have mercy and Devil give no mercy.They will be singing "greed is good" all the way to hell.

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tayl44
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Jul. 31, 2007 3:01 pm
Quote douglaslee:

I wouldn't let my kids play with theirs....

I guess the old segregationist qualities of the democrat party didn't die out with Robert Byrd then?

Calperson's picture
Calperson
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Dec. 11, 2010 9:21 am

Quote Calperson:Let me posit to you that American voters are capable of making up their own minds on issues and that it is possible they may arrive at conclusions that differ from your own.
Ya, sure. To a point.
You need to consider the facts before you, and fact is that it was government intervention in the financial sector in the first place that created the housing bubble and subsequent collapse. It was free market interference such as the Dodd-Frank bill that forced lending institutions to disregard key loan indicators such as credit history and employment history for purely politically correct reasons.
And here your rewriting of history proves your theory doesn't hold up. The decisions American make are largely based on the quality of information they get. When business interests are so powerful they can buy entire political parties if not Congress and the presidency, create their own "news" cable channel, and fund any number of phony think thanks that provide the rationale for a corrupt corporatocracy... then, as your posts prove: garbage in... garbage out.

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Pierpont
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Feb. 29, 2012 1:19 pm

Is there any point of responding to a grenade thrower like Calperson?

lovecraft
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May. 8, 2012 11:06 am

It is like wrestling with a pig in mud, you are going to get dirty and the pig might like it.

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Recovering cons...
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The other way we're subsidizing Walmart...

Most of us know how taxpayers subsidize Walmart's low wages with billions of dollars in Medicaid, food stamps, and other financial assistance for workers. But, did you know that we're also subsidizing the retail giant by paying the cost of their environmental destruction.

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