Tuesday, January 26, 2021
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Changes that Old Movies Reveal

The article below is my op/ed for this week in newspapers in my conservative congressional district, VA-06.  This piece appears at first to be entirely...

Cantor: Poster Boy for Quid Pro Quo

Quid pro quo is a Latin phrase that literally means "this for that." The slang way to say the same thing is, "You scratch my back, I'll scratch yours." If there is a Virginia politician who understands what that means, it's Eric Cantor (R-7th).

During this election cycle, the same Wall Street firms that in 2008 gave more money to Democrats than to Republicans, have given less this time around to both parties, with one glaring exception: GOP House whip Cantor.

According to the watchdog group Public Campaign, Cantor accepted more than $460,000 in the second quarter alone from the financial sector - including Goldman Sachs and Bank of America - far more than he has raked in before from that group.

Donors from Goldman Sachs gave $15,600 to Cantor in the second quarter of this year. Donors from Bank of America offered checks totaling $6,000. Equity Group Investments officials forked over $10,800 and American Express employees donated $7,500.

Plus, Cantor raked in $18,250 from registered lobbyists and firms that have Wall Street clients, all of this largess coming (as luck would have it) as Congress was debating the recently passed Wall Street reform bill. Cantor helped lead the GOP fight against any re-regulation of the financiers that caused the worst recession since World War II. Coincidence? If you believe that, I have a great bridge in New York that I'd like to sell you.