Dems Attack McConnell’s Financial Reform Falsehoods in New Web Ad
April 16, 2010
(ChattahBox)— Just days after meeting with a group of hedge fund managers and other big money Wall Streeters, Senate Minority Leader Mitch McConnell (R-KY) began a very public campaign opposing regulatory financial reform. Repeating talking points provided by GOP pollster Frank Luntz, McConnell is falsely insisting that the Senate’s financial regulatory reform bill “institutionalizes” big bank bailouts. But the text of the bill says just the opposite. So, Democrats have gone on the offensive against McConnell’s lies with a new Web ad showing clips of the Senate Minority Leader repeatedly parroting Luntz’s talking points.
McConnell received $1,147,924 from the financial industry just for his current re-election campaign alone, including PAC contributions from big banks Citigroup and Bank of America.
Less then two-years ago, a perfect storm of greedy Wall Street firms, aided by eight-years of deregulation under the Bush administration, nearly resulted in the complete destruction of the entire U.S. economy. Now, Republicans like Mitch McConnell are siding with Wall Street over main street, hoping the American public is too stupid to know any better.
Democratic Party officials told Greg Sargent of The Plum Line they plan to move quickly to debunk Republican lies about financial reform, before the propaganda develops into another “death panel” lie. “We’re not about to let them get away with planting the seeds of these bogus claims with the public the way they did for a time on health reform,” said the Party official.