Boehner Gets Blasted for Tough ‘Punk’ Talk With Banker Pals
March 18, 2010
(ChattahBox)—House Minority Leader John Boehner (R-OH) knows who his true constituents are. They are certainly not the working families and struggling middle-class voters of Ohio. No, they are corporate lobbyists, Wall Street banks and insurance companies. And recently, the strangely orange-hued Congressman, has been working overtime to establish himself as a best friend forever to Wall Street, as he leads his Republican members to obstruct and delay financial reforms. Appearing at a meeting of bankers on Wednesday, Boehner assured them that the Republicans would do their part to impede reform and he encouraged the poor helpless bankers to stand up for themselves against the mean and punky Capitol Hill staffers, who are working on new banking regulations. And His tin-eared remarks were rightly lambasted today, by Rep. Barney Frank (D-MA) and White House National Economic Council Director Larry Summers.
Boehner is known for his strict adherence to Republican talking points and not for his intellectual bona fides, to say the least. But his outright and blatant pandering to the financial industry, after the abuses of Wall Street nearly destroyed the entire economy, less than two-years ago, is astounding. Appearing at the American Bankers Association governmental relations summit, Boehner rallied the group of Wall Street fat cats to stand up to the “punks” at Capitol Hill and he pledged to fight Democrats to delay, delay, delay and obstruct reform of their industry:
“If the Senate is able to produce a bill, I think it’s just as likely that we’ll be talking about the same issue a year from now as we are right now,” Boehner said.
“Don’t let those little punk staffers take advantage of you and stand up for yourselves,” Boehner said. “All of us are hearing from our friends and constituents on lack of credit, you can’t get a loan, the more your government takes and taxes, the more regulations you have to comply with the more cost you have there and less amount you are going to have available to loan to customers.”
Chairman of the Financial Services Committee Rep. Barney Frank wrote a letter demanding an apology for Boehner’s remarks, saying “I am appalled that a Leader of the House, who must know what good work is done by our staffs, would take such an inaccurate cheap-shot at these people, for the purpose of ingratiating himself with bankers or any other group.”
And Larry Summers, speaking at the National Press Club, also took direct aim at Boehner’s “punk” remarks, pointing out that the financial industry that spent $500 million on lobbying in 2009, doesn’t need any further help from the likes of Congressman Boehner to screw ordinary Americans:
“I do not think that those who want to address these issues are ‘little punk staffers’ who need to be stood up to,” Summers said. “At a moment when there are four lobbyists per member of the House and Senate working on this issue, we in the Administration do not believe that the prominent issue is allowing bankers to stand up for themselves.”
As noted by Think Progress, Boehner has raked in $3.4 million from the financial services industry, which is $1.2 million more than he’s received from any other group.