The Wall Street 'bailout' that isn't
Gloria Borger
CNN Senior Political Analyst
[cnn-photo-caption image=http://i.cdn.turner.com/cnn/2010/OPINION/04/21/borger.wall.street.regulation/tzleft.gloria.borger.cnn.jpg caption="Americans want government to rein in Wall Street, Borger says" width=300 height=169]
When Senate Minority Leader Mitch McConnell decided last week to portray the Democratic version of financial regulation as a Wall Street "bailout," it seemed like a brilliant, albeit cynical, political move.
What do the voters hate even more than Wall Street? Bailouts. What's the perfect way to combine their antagonism for big banks with their distaste for taxpayer-funded bailouts? Accuse the Democrats of bailing out the banks. Perfect.
A good political move in theory, only it didn't work...
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Filed under: Gloria Borger • Wall St. |
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