Does Anyone Still Doubt That the Republicans Are the "Party of Wall Street"?

All you bankers and guys at Goldman Sachs and AIG with the six-figure and seven- and eight- and even nine-figure bonuses, never fear: The GOP has your back!

In discussions with Wall Street executives, Republicans are striving to make the case that they are banks' best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street.

Not that it will ever happen, not with clowns Democrats like Chris Dodd in the Senate and Melissa Bean in the House, who both work diligently to protect the interests of the banks and Wall Street.

Phil "America is a Nation of Whiners" Gramm, one of the former legislators who is most responsible for the current economic trainwreck, chimed in:

"I see people that philosophically oppose Obama's policies getting a lot more engaged," said former Republican Sen. Phil Gramm, who now serves as the vice chairman of investment-banking firm UBS Securities LLC.

Mr. Gramm, who served briefly as a presidential campaign adviser to Sen. John McCain in 2008, said Mr. Obama has gone too far in his criticisms of the industry. "It is easy for politicians to overdo this vilification thing, but I don't remember a president in my lifetime engaging in it to the extent that Obama has," Mr. Gramm said. "And at some point it turns on you."

I don't think that the President has gone far enough. But to be honest, my idea of "going far enough" would be to set up a line of guillotines in Battery Park, with Phil Gramm being given front-of-the-line service.

(H/T)