Today the Washington Post has a great story about the negative impact of Wall Street Reform legislation on the fundraising efforts of the Democratic Party.
Frankly, I am happy to hear about this fundraising slow down. Why? Because it means that the Wall Street Reform bill that is in the pipeline to be sent to President Obama is going to hurt the pocketbooks of the same fat cats who caused our current financial climate. Score one for the middle class. Yes, my fellow Americans Democrats have gotten it right once again!
Let me be clear, the article does not cite Wall Street Reform as the only reason for slowing donations. It mentions that major donors, from the New York City and San Francisco areas, are reducing if not eliminating donations to the Democratic Party as a result of the President and the Congress being a little too moderate. To those folks I will say, very simply, that we cannot maintain control over the House and Senate without being the party of the middle-left as opposed to the party of the far left.
While big donors not writing checks, for whatever reason, hurts the bottom line it is my hope that this new headline from the Washington Post ("Democratic campaign committees losing big Wall Street donors") would calm the fears of independent voters and assure them that the Democratic Party is still in the business of representing everyday people and not those of the special interests.
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