Wall Street Loves Tea Party
Paul Krugman, Intl. Herald Tribune | May 25, 2010
Corporate donations to the GOP are up by 10 percentage points this year. Traditionally Democratic securities and investment firms are also giving big, as are oil and gas companies. ++ Bankers are furious over tax increases on their private earnings. ++ “For grass-roots anger is being channelled and exploited by corporate interests, which will be the big winners if the G.O.P. does well in November.” Obama will need to fight “the old enemies of peace” and “find his inner FDR” to counter this danger.
Thu, Jun 10th 2010, 20:01
Joe
The Tea Party movement doesn't get much money, not nearly in the way the glad-handing parties have thousands of paid fundraisers to get, they are a real and genuine expression of people who are fearful of the debt burden being put on the country, and fearful of the expansion of the role of the federal govenment in non-governmental affairs.
Previous attempts to paint them as racists, paid flunkies, etc., etc. were received with rejection by a population that knows that they are a genuine grassroots movement. They are also relatively bi-partisan compared to the garden-variety astroturf operations using foundations as a conduit that one sees ads for such as the broad array of environmental communication operations, unionization promotes, and so forth.
Americans see through that kind of thing most of the time.