Here’s another reason for conservatives, bailout-haters, and limited-government types not to get too excited if Republicans take over:
GOP leaders began speaking with lobbyists and corporate donors about the imbalance in their campaign contributions as momentum for a Republican upset built over the year.
I noted this phenomenon back when the Wall Street bill was in Congress — rather than push a real reform to prevent bailouts and promote a free market, the GOP just killed a bank tax, and went to The Street begging for cash. I wrote:
Wall Street gave 60 percent of its money in 2009 to Democrats according to the Center for Responsive Politics — the most one-sided figure since the center began keeping records. The bankers had climbed into bed with Obama, Dodd, and Charles Schumer. Instead of showing some self-respect and walking out on them, Republicans are begging the bankers to come back.
I just can’t wait for the Tea Party to realize that, should the Republicans experience great gains today, they’ll have successfully returned the GOP of 2000-2006 to power in Congress.