Via Huffington: Jacob S. Hacker and Paul Pierson: It's Party Time on Wall Street, But Americans Face the Hangover


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Jacob S. Hacker and Paul Pierson: The GOP backed Wall Street during the darkest days of 2009 and 2010, when industry lobbyists valiantly battled the nefarious forces of reform that John Boehner derided to donors as "punk staffers." Once Democrats seemed less reliable, financial industry contributions swung to the other side of the aisle. And loyalty has its rewards. The GOP's top officials are now promising they will do whatever they can to gut the already-compromised financial reforms of 2010. These are the same politicians who say we need more lay-offs of teachers, police, and first responders, more crumbling roads and bridges -- in short, less Main Street employment. Click here to read more.

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