Cornyn Hits Back Against Obama Remarks

Sen. John Cornyn, R-Texas, said Tuesday that President Barack Obama was “demeaning himself” by criticizing a meeting held earlier this month between Wall Street bankers, Cornyn and Senate Minority Leader Mitch McConnell, R-Ky. Democrats have played up the meeting, using it as ammunition against the GOP as they push to pass a financial regulatory reform bill.

Obama slammed Republicans over the meeting in his Saturday radio address, suggesting the GOP is working in secret with Wall Street bankers to block the sweeping Democratic proposal. “The leader of the Senate Republicans and the chair of the Republican Senate campaign committee met with two dozen top Wall Street executives to talk about how to block progress on this issue,” Obama said.