From the Washington Examiner with the HuffPost as its source. All this talk about Democrats opposing big business is just "smoke and mirrors" for its constituents. They want to use Wall Street money just as badly as Republicans do. And if they can control the bureaucracy and big business see themselves as being in a very powerful political position.
Congressional battles over the Export-Import Bank and terrorism insurance are an opportunity for Democrats to win back corporate elites who abandoned the party after the passage of the 2010 Dodd-Frank financial reforms, according to one of that law's primary architects, former Rep. Barney Frank (D-Mass.).
"I think this is finally starting to get to the business community now," he told HuffPost during a July interview. "Part of this was the real significance of the defeat of [then-House Majority Leader] Eric Cantor. Eric Cantor was one of [Goldman Sachs CEO Lloyd] Blankfein's best friends in government. His wife used to work [at Goldman] and they were personally friendly -- of course, a great recipient of money. And then Cantor loses and nowKevin McCarthy shifts his position on the Export-Import Bank."
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