Your blogger

My photo
When Roger West first launched the progressive political blog "News From The Other Side" in May 2010, he could hardly have predicted the impact that his venture would have on the media and political debate. As the New Media emerged as a counterbalance to established media sources, Roger wrote his copious blogs about national politics, the tea party movement, mid-term elections, and the failings of the radical right to the vanguard of the New Media movement. Roger West's efforts as a leading blogger have tremendous reach. NFTOS has led the effort to bring accountability to mainstream media sources such as FOX NEWS,CNN and Andy Breitbart's "Big Journalism. Roger's breadth of experience, engaging style, and cultivation of loyal readership - over 92 million visitors - give him unique insight into the past, present, and future of the New Media and political rhetoric that exists in our society today. What we are against: Radical Right Wing Agendas Incompetent Establishment Public Coruption Corporate Malfeasence We are for: Global and Econmoic Security Social and Economic Justice Media Accountability Healthy Communities

Tuesday, November 1, 2011

Virginia's Eric Cantor Shows Who's Hands Are In His Pockets

Cantor rakes in Wall Street donations while calling occupy protesters A ‘Mob’.


The Condesending Eric Cantor

When the Occupy Wall Street demonstrations first gained some national prominence, House Majority Leader Eric Cantor (R-VA) derided the protesters as a “mob,” saying, “Believe it or not, some in this town have actually condoned the pitting of Americans against Americans.”

Cantor eventually softened his rhetoric, and even scheduled a talk about income inequality (that he proceeded to cancel when he realized that the public would be allowed to attend). But Cantor has plenty of reasons to bash the protests because, as Roll Call noted today, Cantor’s top contributor this year is Wall Street:

Cantor’s personal political action committee has collected close to $2 million so far this year, placing it well ahead of any other leadership PAC in the House or Senate. In all of his fundraising efforts, top executives at banks, hedge funds and securities and investment firms play a starring role. Securities and investment industry donors have given close to $350,000 to both Cantor’s campaign and his leadership PAC this year, making them his top source of donations, according to the Center for Responsive Politics.

But Cantor has raised millions more than that for a lucrative operation known as the Cantor Victory Fund 2012…Ten major donors, many of them top executives with finance industry firms, have given $50,000 or more this year to the Cantor Victory Fund, which has collected $2.4 million, according to the most recent public disclosures.
 
Cantor has pushed several policies near and dear to Wall Street’s heart, including protecting tax loopholes for hedge fund managers, while managing to come up with no ideas for addressing income inequality. In fact, he believes we should just depend on the wealthy to bring down inequality through the goodness of their hearts. And so far, Wall Street has certainly shown its appreciation for Cantor’s positions.



NFTOS