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Thursday, 22 April 2010 08:58

Bob Corker Wins GOP Hypocrite Award for Opposing the Same Financial Reform he Helped to Weaken Because Suddenly it's too Weak

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Bob Corker

Welcome back to GOP Hypocrite of the Week.

Much has been said about Sen. Mitch McConnell's troublesome stance against financial reform just after meeting with a bunch of Wall Street banksters. But McConnell never really pretended to be anything but a total shill for the financial industry, unlike his sometimes pal, Sen. Bob Corker (R-TN).

Corker could have been a hero for the little guy. Earlier this year, he appeared to be one of the few GOP "moderates" willing to risk contracting cooties by talking to Democrats about reforming Wall Street. In the end, it so happens that Corker will not be playing the bipartisanship game this season. In order to cover for his sudden change of heart on the financial reform legislation being crafted in the Senate, Corker heaped on the hypocrisy on MSNBC's Morning Joe.

"What regulation does is help the big guys and hurt the small guys," Corker said. "It's our community bankers across the country that we need to be concerned about with this regulation."

And that's why he can't support a crackdown on Wall Street..?

If Corker were really "concerned" about the little guy, perhaps he wouldn't have worked so hard to strip out the powers from the proposed consumer protection agency in the legislation back when he and Sen. Chris Dodd were working on it this spring.

Or maybe Corker's actually more concerned with the small-brained guys than the actual "small guys." After all, Corker was called out for trying to compromise with the Democrats on financial reform legislation by the pea-brained tea party.

If Corker were being honest, he'd admit that the Consumer Financial Protection Agency is a major sticking point with the "big guys" on Wall Street. Instead, he's decided to go the Mitch McConnell route on this one, lying that Dodd's bill would provide “the ability to have bailouts.”

Turns out Corker can't even be consistent about his own lies. He later turned around and threw his colleagues under the bus, criticizing them for misleading the public about the Democrats' intentions for financial reform, and accusing them of moving the goalposts, even after he signed a letter that said "this bill allows for endless taxpayer bailouts of Wall Street and establishes new and unlimited regulatory powers that will stifle small businesses and community banks."

Indeed, it appears that while Corker says the bill is too weak, it's most likely that "his reasons don't align with the weaknesses pointed out" by financial experts and progressives. After all, he's one of those key guys who made it weaker in the first place!

No, his opposition to reforming Wall Street probably has more to do with the demands of his party "overlords" than with any kind of independent thinking he might have been contemplating having. And that's why Bob Corker is our GOP Hypocrite of the Week (or should we say "Hypocrite of the Weak"?).

Remember our motto: So many Republican hypocrites, so little time.

Catch up with you soon.

***

This is Bob Corker's first GOP Hypocrite Award. Welcome to the club! You can see a list of all previous nominees here.