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Politico has a terrific article about how the republicans who reacted
I'll when challenged by the bank lobby very informative you really got him
credit for this first of all
I A one given credit bad credit dave Camp as well he's a republican
any came up with a really good legislation we talk about on the show
before you actually
the raise taxes on the banks and
and private equity players its good legislation and I remember saying at the
time
hey look man this is really surprising that a Republican introduces
but I'll take it I don't know who cares who gets the credit for it
if you're going in the right direction as saying these guys paying lower taxes
than the average american
when they're making the most amount of money makes no sense whatsoever your
absolutely right especially private equity guys that
their money is not really investments it's other people's investments and they
get a
compensation for the investments they make for other people
there's no reason why these pain the same taxes those people doing their best
thing
well on the fact that the investment actually they'll all the first place
right so congratulations dave Camp and I wondered if it would last
well of course
it has not and here comes the fun part of
when the the banks found out that the republicans were headed in this
direction
they did not take kindly to this purcell
just in this election cycle so far we're just getting warmed up
the banks had already given three and a half million dollars the republicans
in the last election cycle 2012 did given 9.9 million dollars an hour
that's just the money we know about there's a ton a dark money floating
around two but that stuff is public
and it's already it on a money right well ni told the GOP lobbyist who then
told POLITICO
that if as the republicans do not back down on dave Camp proposal to raise
taxes on wall street.
that all big fundraising would be quote
cancelled for the foreseeable future
and this is how politics
is play now let's see if the republicans acted in a principled fashion when they
heard about this and said look that's the right thing to do on a stick with
RPC legislation how dare you try to corrupt us with your crony capitalists
or perhaps they did what House Majority Leader Eric Cantor did
he said all the care proposal who scored
merely attract doing secrecy worry says no wall street
and actually regular US DOE is it merely untrue out that's all
we're kidnap many picked up some seriously Texas represent a Roger
Williams said
I'm tell my guys logo 2010 November for saddam
their way out there okay there's a work in process I would you say to those that
are frustrated and diverted to
so what the process is all it is some final draft
that some ideas yeah that's the ticket
I butts awesome so
we didn't mean it wall street were suppose
so are you we've got to go will be quite big
please don't do it look it's not just republicans
I love them to the political article Richard hunter head of the consumer
Bankers Association says
there's no doubt some champagne corks were
unleashed in democratic circles last night they got 'em
early election yet think about that for a second man
is a democrat saying hey dave Camp other problems we'd be on the right side of
this issue
we've been saying hold banks accountable but okay let me get some bipartisan
legislation passed
know they were popping champagne corks alike
up yes the Baker what is gonna come towards us or at the least
be neutralized it's not gonna go towards republicans
yes who cares about basilar does a bath I republicans could you try to do the
right thing once they tell you what happened to you
pop that champagne how you gonna get the so let's let him pass through this
congress
look at how unbelievably corrupt it is
the one time that a Republican president right think they believe hammer down on
up
and when asked if the republicans would actually proposes before the election
they said in essence hell no
hello there not you kidding me
so it's not going anywhere in wall street's gonna win again and remember
was Democratic Senator *** Durbin
he sware who said frankly the big banks run this place
and that's so true need to get money out of politics
this level of corruption is going to continue addin for night um
ad nauseam you not nauseated already
is going to keep going and going and it's not just on the wall street issue
it's on every major issue I can tell you somewhere story about
so our food our health care every single that waltz well
buddy said that they will cancel the fundraising for the foreseeable future
what could we do
so we did exactly is the daughter told us to do well here's or you and i
couldnt
you know both dash back dot com
it enough to run from these guys man you gotta keep
get in there n meet them head on in the battlefield
if you don't engage this our democracy is already gone man at the national
level
if you don't hurry up and help us at the state level
call for convention to get an amendment get money out of politics
we've already lost would never going to win any of these issues
you think we're gonna have a decent access them
that allows the average man not to be taxed more
the richest guys on wall street. when you're never gonna get that never were
go what just happened dole only way to do it
is to get a moment every generation americans has got an amendment passed
except one
that's us if you don't get up right now
don't come cryin five years later is a tall boy who we Wasser to max I told you
right now
we've already lost some national level we gotta do something before we lose it
at the state level
and it can be done we've got legislation introduced in 10 different states
were common form so are you with us can you actually help the same this
because if you wait non-politician the big said look at this
they're never going to come the republicans are going to come
and was present Obama done to curtail lobbying
absolutely nothing
its boss or nothing man crude the last great hope
is us United the your