May 5th, 2010
04:30 PM ET
8 years ago

Reid says Republicans 'making love to Wall Street'

Washington (CNN) – Senate Majority Leader Harry Reid lobbed an unusual accusation at his Republicans colleagues Wednesday, saying they are looking for a way to "continue making love to Wall Street."

"Republicans are having difficulty determining how they are going to continue making love to Wall Street," Reid said at a news conference, before adding that "It's obvious that they don't want to put any decent restrictions on what Wall Street has done or are doing."

While Democrats and Republicans have accused each other of being to cozy with Wall Street, Reid's remarks went a step too far for the GOP.

"Considering Nevada's unemployment stands at 13%, Senator Reid would be well-advised to get his mind off sex and onto getting America's economy back on track," National Republican Senatorial Committee Communications Director Brian Walsh said in a statement to CNN.

Reid, though, is standing by his comment. When asked by CNN about the remark, Reid spokesman Jim Manley replied, "What can I say? It's true."

But moments after slamming Republicans, and still perched behind a podium emblazoned with the words "Standing up for Main Street," Reid said he was hoping for a breakthrough in negotiations.

Reid's comments come on the same day that top senators on the Senate Banking, Housing, and Urban Affairs Committee released the details of a bipartisan deal on how to unwind big financial firms that are considered too big to fail.

Among the more significant changes, Democrats are officially dropping the tax on banks that would have funded a $50 billion pot of money that regulators could tap to help take down failing banks. Now the bill stipulates that banks will be taxed to pay unwinding banks after a collapse.

- CNN's Dana Bash and Jen Liberto contributed to this story

Filed under: Extra • GOP • Harry Reid • Popular Posts
soundoff (76 Responses)
  1. David in Houston

    If the shoe fits...

    May 5, 2010 05:14 pm at 5:14 pm |
  2. Eric

    Harry, buddy, looking at your dismal poll numbers, I'd recommend you start making love to your resume.

    May 5, 2010 05:19 pm at 5:19 pm |
  3. D.

    And lovely Obama did not take money from Goldman Sachs, no Mr. majority leader? What a fallacy! republicans are "what you see is what you get" while Democrats talk "social justice" but act like millionaires and make sure they get rich (Reid is the ex-chair of the gambling committee in Vegas) while making sure there are enough poor people left to vote for them...

    May 5, 2010 05:20 pm at 5:20 pm |
  4. gt

    harry you cant lie about this ,,, your up to your eye balls with wall street money and you know it.....

    May 5, 2010 05:20 pm at 5:20 pm |
  5. Ryan

    He's right. Where else does thier money come from? White rednecks in trailer parks?

    May 5, 2010 05:22 pm at 5:22 pm |
  6. Steve (the real one)

    Larry May 5th, 2010 4:35 pm ET

    We know all this Reid. The question is what are you going to do about it? You still have the majorities in the House and Senate
    Larry, Reid is not going to do anything to jepordize his Wall Street check. In short, he'll do nothing! He is also in bed with Wall Street! I will admit, I chuckled at his statement!

    May 5, 2010 05:22 pm at 5:22 pm |
  7. Constitution believer

    To Steve Gee:
    "On the one hand they wrote the legislation that caused the Great Recession" ...

    Thank you for once again repeating The Big Lie. Orwellian propaganda strikes again.

    It is Reaganite deregulation and the resultant unfettered capitalism that caused this Great Recession, exactly as it caused the Great Depression.

    These are specialties of the right wing:
    Favoring unfettered capitalism, favoring greater wealth for the wealthy, favoring restrictions only on free expression but not on free exploitation.
    Oh yeah, and Orwellian propaganda. (For example, doublethink, in which one states the exact opposite of what one knows to be the truth - e.g. referring to a liberal cause as a "Special Interest" when in fact liberals support causes that do not favor one group but favor the masses and the greater good (i.e. favoring renewable, non-polluting energy sources), and in fact it is right-wingers that favor "Special Interests," those groups who will personally financially profit from the implementation of a policy (i.e., favoring increased use of Earth-killing fossil fuels because it benefits Halliburton and other oil companies).

    May 5, 2010 05:24 pm at 5:24 pm |
  8. JasonK

    Finally Reid speaks the truth.Bush aided by Wallstreet money caused the current depression a fact that the GOP is forgetting in their obstructionist strategy

    May 5, 2010 05:26 pm at 5:26 pm |
  9. A keen observer

    The truth needs no defense!

    May 5, 2010 05:26 pm at 5:26 pm |
  10. Glennis

    Reid had better look at the ties his own party has with Wall Street. The Democrats have been "in love" with Wall Street for years, eagerly taking the very healthy campaign donations with nary a whimper! Every time Reid opens his mouth, he looks more foolish. What a sad example of what not to be as a leader and of a voice for the people.

    May 5, 2010 05:30 pm at 5:30 pm |
  11. Rick McDaniel

    Reid makes love to Obama.....which is worse?????

    May 5, 2010 05:31 pm at 5:31 pm |
  12. Dave

    Maybe. We do know the democrats have blamed Wall Street for the housing mess they created. In this sense, they are making war on Wall Street.

    May 5, 2010 05:31 pm at 5:31 pm |
  13. db

    Yeah, and the Dems don't.

    May 5, 2010 05:31 pm at 5:31 pm |
  14. No Incumbents 2010

    Making love? With his unusual vulgar language, Reid wants to be a porno director after he is defeated in his election. Reid makes love to big government, budget deficits and a cradle-to-grave welfare state.

    May 5, 2010 05:32 pm at 5:32 pm |
  15. Pam, Eugene, OR

    I am a Dem and I even think Harry needs to go. He is an outdated idiot.
    Go home Dude. It is way past time.
    You are too far left for this reasonable Dem.

    May 5, 2010 05:33 pm at 5:33 pm |
  16. tbone

    In my humble opinion, Reid is calling it as he sees it...the Republicans are making sweet love to wall street...down by the fire. The only thing he doesn't mention is that when the Repubs have satisfied themselves, the Dems jump right in afterward for sloppy seconds....

    May 5, 2010 05:33 pm at 5:33 pm |
  17. SLP

    When liberals can't think of any facts to back up their views (which is most of the time) they use one of the following arguments:

    1.) It is George Bush's fault.
    2.) Everyone who doesn't agree with President Obama is simply a racist.
    3.) Again, it is all George Bush's fault.

    Come find me when you have actual facts to back up your arguments and maybe I will listen. The policies that are being put in place by President Obama and his band of merry ladies and gentlemen are destroying this country. This is soooooo past republican versus democrat. This man is not a democrat. He is a progressive liberal who only wants to fundamentally change this country into a socialist utopia. For the love of all that is sane in this world, please put aside your hatred for George Bush and open your eyes to what is going on NOW!!!!!!! Please, before it is too late.

    May 5, 2010 05:34 pm at 5:34 pm |
  18. Paul from Phoenix

    I'm sorry, I must have been in a different country. Who did Goldman Sachs contribute the most money to? Obama? Oh right, that makes sense.

    Funny, I just saw an article that said Freddie Mac, the bastard stepchild of the Dems, is seeking $10.6 billion in funds. I wonder what Reid's response to that is?

    Fact is he is a pathetic old man who needs to go away fast!

    May 5, 2010 05:34 pm at 5:34 pm |
  19. VirginiaJeff

    Maybe the GOP would have preferred Reid to say, "The Republicans are Wall Street like a 'values politician' on a mistress."

    May 5, 2010 05:35 pm at 5:35 pm |
  20. Dominican mama 4 Obama

    RethugliKKKlans making love to Wall Street? That conveys a rather tepid picture of their relationship with Big Business With Even Bigger Pockets.

    I'm thinking more along the lines of gorilla sex; swinging from the chandeliers; whips and chains; headboard-breaking-Nitro-taking-sweaty-stinking-2a.m.-booty-call sex.

    Now THAT'S the kind of love affair that the GOP has with Wall Street.

    May 5, 2010 05:36 pm at 5:36 pm |
  21. Ken

    Wall Street employees contributed the most money to the President, not the company, just like a lot of Health Insurance employees contributed to the President. employees knew what waws coming and responded to a grass roots effort. Still repubs are mad and want to make love with Wall Street. To me it raises the question whose the pitcher, and whose the catcher? Because I feel the american people are the ones who got screwed

    May 5, 2010 05:39 pm at 5:39 pm |
  22. Tulsa

    Larry, do you understand what a filibuster is?

    May 5, 2010 05:39 pm at 5:39 pm |
  23. Sniffit

    "How many beers does it take to get you to dream this stuff up? By the way, is it B? Did I win?"

    There's nothing dreamt up about it. Go to the articles about Brown's accusations and you'll be treated to myriad conservatives claiming that Obama is milking the Gulf disaster in order to justify shutting down all off shore drilling (hint: something that would be horrifyingly bad for BP), even though his stated policy is to support it, and alluding to vague consiracy theories that it may even have been started by environmentalists to create a disaster they could leverage for their anti-carbon green energy agenda. Then, go to the BP donations article and you'll see plenty of conservatives, probably the same ones in many cases, yammering smugly that Obama must be BP's dancing puppet. I couldn't make this crap up if I tried while on fresh shrooms, let alone beer. Besides, all we need do is sit back and let you conservatives engage the "say anything" strategery and you generate the self-contradictions all by yourselves.

    May 5, 2010 05:39 pm at 5:39 pm |
  24. HUM!!!

    @Right Leaning Independent May 5th, 2010 4:47 pm ET
    Wall Street creates jobs! Not Main Street and not the Government!
    *** Yea Right!!!!

    May 5, 2010 05:39 pm at 5:39 pm |
  25. teena

    so while the republicans are making "love" to wall street what is happening to the rest of us???

    May 5, 2010 05:40 pm at 5:40 pm |
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