By Paul Bedard, Washington Whispers
Republicans and Democrats play the bad guys in two new web video's out today from advocates in the bid to reform Wall Street.
Americans United for Change led the way early this morning when they issued a video titled "Dragnet" that accused Republicans of going to bat for Wall Street and trying to kill President Obama's reform plan. "With all 41 Republican senators publicly opposed to financial regulatory reform, it's clear they've been listening to the 1,500 Wall Street lobbyists and CEO's camped out in their offices this week a lot more than their constituents back home who lost their jobs and retirement savings in the wake of the financial crisis," said Tom McMahon, acting executive director, Americans United for Change. His ad singles out Minority Leader Mitch McConnell and Sen. John Cornyn, head of the National Republican Senatorial Committee, for criticism for meeting with hedge fund managers.
But within hours, that ad was matched by one from the Republican National Committee that accuses Obama and the Democrats of paying back banker campaign contributions with a plan to save them at all costs with taxpayer funding. "President Obama's tough rhetoric against financial institutions is just a smokescreen for the millions of dollars he and congressional Democrats took from big banks and a bill that makes American taxpayers pay for bad decisions made by Wall Street and Washington. President Obama and congressional Democrats need to stop this political circus," said RNC chairman Michael Steele.