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The 2010 elections supposedly swept the tea party into great power in Congress, with great vats of ink spilled on the populist fervor they represented and on claims that these weren't basically standard conservative Republicans. But in fact, the 2010 freshman class has been something of a dud in that regard, from their official tea party affiliations to their less-than-populist approach to financial legislation—and taking money from the big banks.

A Think Progress analysis finds that, despite the anti-bailout campaigns many of the tea party frosh ran in 2010:

Eleven of the 15 have become co-sponsors of H.R. 3461, a top priority for the ABA. According to Americans for Financial Reform, the legislation would “tilt the playing field further in the direction of excessive deference to industry interests and tie the hands of regulators attempting to protect the public interest.” [...]

And of the 15, all but McKinley and Rep. Tim Huelskamp (R-KS) voted for the GOP’s 2013 budget proposal, which included the repeal of a key component of the financial sector regulation.


Meanwhile, they've collected a combined $602,627 in PAC contributions from banks enrolled in TARP and the American Bankers Association. It's not just banking—when it comes to the business as usual of working for legislation that benefits campaign donors, the tea party freshmen have been right on board to help donors on several issues.

Despite the class of 2010's big tea party reputation, Republicans elected to the House that year were actually less likely than other Republicans to join the Tea Party Caucus; moreover, according to a Politico analysis, in 100 key votes in 2011, the class of 2010 Tea Party Caucus members voted against the Republican party's position just 1.25 percentage points more frequently than did their non-tea party freshmen colleagues.

All of which just goes to show what we've long known about tea partiers in general: They're just conservative Republicans, rebranded.

Originally posted to Laura Clawson on Mon May 21, 2012 at 02:50 PM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Let Bain Capital fail (0+ / 0-)

    Shocking story of the almost demise of Bain Captial , click it you can handle the truth http://bit.ly/...

  •  not surprising (0+ / 0-)

    the teabaggers are against gvt intervention, which entails being against regulation and bailouts.

  •  Tea Party is Donors & Issue Advertisers (2+ / 0-)
    Recommended by:
    annieli, Larsstephens

    more than anything else.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Mon May 21, 2012 at 03:25:17 PM PDT

  •  banks seek new assetholes with the 'baggers /nt (0+ / 0-)

    slutty voter for a "dangerous president"; Präsidentenelf-maßschach; Warning-Some Snark Above"Nous sommes un groupuscule" (-9.50; -7.03) "Sciant terra viam monstrare." 政治委员, 政委!

    by annieli on Mon May 21, 2012 at 03:51:14 PM PDT

  •  No more bailouts was their slogan until they lied (0+ / 0-)

    Theyre the evil white supremacist wing of the evil GOP. Now they want to keep their ought & paid for jObs. They can go to the devil with their evil voters.

    The radical Republican party is the party of oppression, fear, loathing and above all more money and power for the people who robbed us.

    by a2nite on Mon May 21, 2012 at 03:53:59 PM PDT

  •  all those Mr Smiths going to DC losing their... (1+ / 0-)
    Recommended by:
    Egalitare

    souls...

    As a nation, the U.S. consumes the most hot dogs per capita. So you'd be wise to never underestimate our powers of denial.

    by jbou on Mon May 21, 2012 at 04:01:44 PM PDT

  •  Yeah. Because Teabaggers (0+ / 0-)

    ...and bankers have a lot to gain from each other.

    Our political system has been openly corrupt for a number of years now -- and the caravan moves on.

    According to the Tea Party, there are three kinds of Conservatives: "Those who can do math and those who can't"

    by Pluto on Mon May 21, 2012 at 04:14:13 PM PDT

  •  They're just assholes, rebranded. (0+ / 0-)

    Actually that would hurt a lot, if you imagine that literally.

    At any rate, money talks, it always has. No surprise that these people do the bidding of the forces of evil.

    "So, am I right or what?"

    by itzik shpitzik on Wed May 23, 2012 at 06:38:24 PM PDT

  •  A "revolution" (0+ / 0-)

    made for billionaires.

    Fair's fair. I don't vote in your church; don't go preaching in my government New video: "Clark Vreeland--Stories in My Blood"

    by Crashing Vor on Wed May 23, 2012 at 06:44:08 PM PDT

  •  I don't believe that the tea party was a (5+ / 0-)

    grassroots movement coopted by the establishment. It was a movement created by the establishment that coopted the ignorant. They were all ready to go with Santelli's disgusting hateful rant on CNBC.

    The modern conservative is engaged in one of man's oldest exercises in moral philosophy;the search for a superior moral justification for selfishness

    by CTMET on Wed May 23, 2012 at 06:48:48 PM PDT

  •  You know, Power to the People (0+ / 0-)

    and all that. We all know banks are corporations.  And corporations, my friend, are people.

    It all makes perfect sense, in a pekoe way.

    Give me your tired, your poor, Your huddled masses yearning to breathe free
    ¡Boycott Arizona!

    by litho on Wed May 23, 2012 at 06:52:04 PM PDT

  •  One sided argument? (1+ / 0-)
    Recommended by:
    Wolf10

    I personally tend to (want to) believe the premise of your argument.  

    But without any data on non-teabaggers, I am reluctant to endorse it.  Are Democrats also receiving funds from these same groups?  As a Democrat, before repeating your argument,  I need to know this.  Otherwise this argument will be thrown back in our faces.

    •  Point well taken; the Dem chair of the banking (0+ / 0-)

      committee: JP Morgan Chase was Senator Tim Johnson's (D-SD) single largest donor $38,995 (2007-2012).

      And as for ranking Republican, Shelby (AL) he got nearly twice as much from Chase alone.

      And wait, there's more!

      Political Money Line’s tabulations of PAC contributions show that securities and financial firms have given more money to Johnson than any other sector in the last three election cycles. In the current cycle, for example, almost two thirds of his $361, 582 in PAC money comes from such firms. In 2008, when he collected over $2 million in PAC contributions, the swag from that quarter amounted to over half a million dollars – and neither figure takes account of numerous individual contributions. Johnson calls his leadership PAC “South Dakota First,” but, not surprisingly, contributions to his campaign committee from New York and other states often run far ahead of receipts from his own state.
      Quote from Naked Capitalism but I've misplaced the direct link to the particular article. Cheers
       

      The frog jumped/ into the old pond/ plop! (Basho)

      by Wolf10 on Wed May 23, 2012 at 07:04:56 PM PDT

      [ Parent ]

  •  Surprise, surprise, surprise... (0+ / 0-)

    ...how could anyone be shocked, shocked I tellz ya, that Illinois' bank representative and deadbeat dad, Joe Walsh, was on that list?

    Greedy bastard. I'm only surprised Hultgren isn't on the list, too, given he admitted at the town hall I attended last fall that he had no intention of representing us in Congress.

  •  They're conservative republicans, sure (0+ / 0-)

    but they're the kind that big business absolutely LOVES - they're too stupid to see any of the consequences of their actions - even after those consequences become crystal clear.  

    That plus their simplistic white and black view of the world (with white being anything their pastor says it is) makes them extremely easy to manipulate into any action corporate con men desire.

    Atheism is a religion like Abstinence is a sexual position. - Bill Maher, 2/3/2012

    by sleipner on Wed May 23, 2012 at 07:12:35 PM PDT

  •  These people came to office... (1+ / 0-)
    Recommended by:
    masdelsol

    ...on the platform that the banks and the bailouts were a sign of the brokenness of the government. But they show that it was all a sham by cozying up with the banks for their money.

    "Mitt Romney isn't a vulture capitalist: vultures only eat things that are dead." -S. Colbert

    by newinfluence on Wed May 23, 2012 at 07:42:48 PM PDT

  •  Work will soon begin at the Lincoln Memorial . . . (0+ / 0-)

    to correct the Gettysburg address so that it more accurately expresses our founding principle of "government of the corporations, by the corporations, for the corporations . . ."

    At the completion of the work, the entire membership of the House and Senate, with but few exceptions, will be present at the unveiling.

    snark tagged, just in case . . .

    While the current realities of campaign financing leave a bad taste in the mouths of some politicians, (mostly Democrats, but not as many as it should), far too many of our elected officials at every level of government have absolutely no qualms about accepting every corporate dollar they can get their freakin' hands on.  So by that standard, Lincoln's words should be changed to reflect this reality.

    Skeptical scrutiny is the means, in both science and religion, by which deep thoughts can be winnowed from deep nonsense. Carl Sagan

    by sjburnman on Thu May 24, 2012 at 12:19:39 AM PDT

  •  McKinley is a complete hypocrite. (3+ / 0-)
    Recommended by:
    wv voice of reason, arper, lakeguy

    Last week Sue Thorn called him out on his abuse of the franking privilege- he has spent over a quarter of a million dollars on sending out glossy junk mail. That puts him at #4 in the House.

    Sue says:

    McKinley’s 2010 campaign website was full of big promises and lofty plans. A direct quote reads “David McKinley believes that it’s wrong to abuse taxpayer money by funding campaign-style ‘constituent’ mailings and phone calls during election years.” He even promised to sponsor legislation placing strict restrictions on constituent communications.
    Sue got 13,000 more votes in the primary than McKinley did. We are working to extend that to November!
  •  This time McKinley has an opponent! (0+ / 0-)

    In 2010 David McKinley (R-WV-1) slipped into a usually Democratic seat due to a weak opponent and his own skills at telling folks what they wanted to hear, instead of telling the truth about his plans.

    This time he is facing a dynamic and clear speaking Sue Thorn, who has lived the working class life of West Virginia and not only understands its concerns, but has plans to help address them.

    A Sue Thorn, who already has a sizable and active ground game in full operation.

    McKinley may have the bankers' money and unlimited funds, but Sue Thorn has the phone bankers and door knockers out in full force throughout the district.

    This time there will be no slipping into office.  Sue Thorn is playing to win and will win this seat!

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