Let The $4 Billion Rumpus Begin! (Rethink Scott Brown Edition)

In his short but checkered career on Capitol Hill, Massachusetts Sen. Scott Brown (R-Wall Street) has Hoovered money from the financial services industry at a very impressive rate, according to the New York Times:

Helpful chart:

Nut graf:

Mr. Brown, a freshman who harnessed populist Tea Party anger to win the seat once held by Edward M. Kennedy, has taken more money from the financial industry than almost any other senator: all told, more than $1 million during the last two years, according to data from the Center for Responsive Politics.

Of the 20 companies that accounted for the most campaign donations to Mr. Brown, about half were prominent investment or securities firms like Morgan Stanley, Fidelity Investments and Bain Capital. His donors include such blue-chip names as Gary Cohn, the president of Goldman Sachs, and the hedge fund kings John Paulson and Kenneth Griffin.

Mr. Brown, in turn, has been an important ally at critical moments, using his swing vote in the Senate to wring significant concessions out of Democrats on last year’sfinancial regulation bill, including helping strip out a proposed $19 billion bank tax and weakening a proposal to stop commercial banks from holding large interests in hedge funds and private equity funds.

Of course, every action on Capitol Hill has an equal and opposite re-adtion:

This week, a new union-backed independent expenditure group, Rethink PAC, unveiled ads casting Mr. Brown, the onetime Tea Party populist, as a hypocrite for his ties to Wall Street.

From the $150,000 online ad campaign, via the Huffington Post:

 

Equal and opposite re-adtion from Scott Brown presumably to come.

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4 Responses to Let The $4 Billion Rumpus Begin! (Rethink Scott Brown Edition)

  1. Actually, you seem to have missed a Boston Globe story in the past year that showed Brown getting the most money from the financial services sector in the months around the Senate vote for Dodd-Frank. Remember that Brown was a holdout, trying to win changes to the bill before agreeing to it. The Globe even showed how his financial services contributions spiked on a weekly basis right around the time of his vote (I seem to remember a graphic appearing with the story).

  2. Bob Gardner says:

    Still, lots of bi-partisanship on that list that the Times published.

  3. Lynda says:

    What I’d like to know is, when ” Regular Guy” Scott Brown was “working so hard on the Dodd-Frank Bill,” which side he was working for? He cuts 19 Billion proposed bank taxes and then boasts his “…for Wall Street Reform” claim. Yeah, 20 major Wall Street Firms & individuals like Gary Cohn don’t contribute half a mil to your campaign when you are going to control their antics!
    I wonder what’s motivating this largess; their love for Brown or their fear of Elizabeth Warren? Hey they’ve got to be scared to death to start the mud slinging this soon! And with her consistent efforts on behalf of the middle class & her easy to understand reasoning she could spark a ground swell for the middle class reform within congress! Now THAT, Scott, WOULD be heaven!.

  4. Pingback: Brownwashing (Coalition For American Jobs Edition) | Campaign Outsider

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