The GOP and the Big Banks

Published



This story got me thinking about the GOP’s complicated relationship with the big banks:

Crossroads GPS, a conservative-aligned outside group backed by Karl Rove, is on the air in Nebraska with an ad attacking former Sen. Bob Kerrey (D-Neb.) for supporting the bank bailout.
Crossroads will spend $260,000 to air the ad in five Nebraska markets plus Denver, whose media market bleeds into southwestern Nebraska.
The ad campaign comes three days after the Republican primary in Nebraska, and as both parties are scrambling to define state Sen. Deb Fischer (R), a rural rancher who emerged from relative obscurity to pull off an upset victory in the primary on Tuesday.

The Democratic party, predictably, would have you believe that the GOP is the party of the big banks, but the story is actually more complicated than that, and more recent history actually suggest the Republicans are morphing into an anti-bank party.

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