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Analysis: GOP, Dems compete for populist title
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Issue
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| Contributor | Imperator |
| Last Edited | Imperator Apr 24, 2010 07:58am |
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| Category | Analysis |
| Author | LIZ SIDOTI |
| Media | Website - Yahoo News |
| News Date | Saturday, April 24, 2010 01:00:00 PM UTC0:0 |
| Description | WASHINGTON – Republicans and Democrats are furiously casting each other as the handmaidens of Wall Street, playing to election-year anger surging on Main Street. Neither party has clean hands when it comes to the financial industry.
Both parties have accepted huge amounts of campaign cash from companies like Goldman Sachs. Both welcomed big business' chief executives to the White House when in power. Both share the blame for deregulating the industry in the 1990s and bailing out Wall Street when the financial sector was on the brink of collapse.
Not that either side will acknowledge it.
Instead, Republicans and Democrats are using President Barack Obama's push for tighter controls on the industry to try to gain the political advantage with the proverbial Joe Six-Pack — the voters — ahead of critical midterm congressional elections, when the balance of power in Washington is at stake.
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