Memo to Democratic Party: Big Money Donors Don’t Like Being Demonized
…and they usually start closing their checkbooks when it happens.
After the Democratic Congressional Campaign Committee sent a recent email urging supporters to sign a petition backing the wave of Occupy Wall Street protests, phones at the party committee started ringing.
Banking executives personally called the offices of DCCC Chairman Steve Israel (D-N.Y.) and DCCC Finance Chairman Joe Crowley (D-N.Y.) last week demanding answers, three financial services lobbyists told POLITICO.
“They were livid,” said one Democratic lobbyist with banking clients.
The execs asked the lawmakers: “What are you doing? Do you even understand some of the things that they’ve called for?” said another lobbyist with financial services clients who is a former Democratic Senate aide.
Democrats’ friends on Wall Street have a message for them: you can’t have it both ways.
If there was anyone with any brains in the upper levels of the Democratic Party, they’d have seen this coming a mile away… the fact that they couldn’t says a lot about the wisdom and foresight of the Democratic leadership.