Charles Schumer: Wall Street's Best Friend on Capitol Hill?
At least in some quarters, the notion Wall Street is overrun with free-market Republicans persists despite tons of evidence to the contrary. Tim Carney provides details of the finance and business community's support for leading Democrat Charles Schumer in today's NY Sun.
The secret to Mr. Schumer's success is his close friendship to big business, especially Wall Street. In the last election cycle, according to the Center for Responsive Politics, Mr. Schumer was among the top three lawmakers (not counting presidential candidates) at getting contributions from many industries, including securities and investing, accounting, real estate, architects, liquor, banks, software, and textiles. In turn, the key to his friendship with big business is his liberal big-government agenda.
[Full disclosure: Tim Carney is the brother of Dealbreaker's John Carney, who occassionally writes for the culture pages of the NY Sun.]
Schumer's Way [NY Sun]
Comments
Given that this article supposedly "provides details of the finance and business community's support" for Schumer, it's pretty surprising that it doesn't include a single quote from anyone in the finance or business community. In fact, it doesn't look like the author talked to anyone during the process of writing it.
Basically, this article is a hatchet job--but that's not necessarily a bad thing, as a good hatchet job can be entertaining. What is bad, though, is that it's one of the most poorly-executed hatchet jobs that I've ever seen. Don't waste your time.
Posted by: Sean | May 19, 2006 10:01 AM
I think $3,495,060 from the "Securities and Investment" industry in his 2004 race, according to George Soros' OpenSecrets.com speaks pretty loudly.
Posted by: "the author" | May 19, 2006 11:14 AM