The Pritzker Hearing and the Chicago-DC Ruling Class

Joel B. Pollak
Big Government
24 May 2013

…Pritzker might well pass confirmation 100 to zero. And that is a shame, because it is hard to imagine a worse representative of American business. Pritzker was born into wealth; she ran a bank into the ground through subprime lending; she served on the board of one of the nation’s most troubled school systems; and she has risen to her present position of influence by virtue of her political fundraising for the president.

Penny Pritzker is, as Barack Obama used to say of Mitt Romeny, one of the “folks who got us into this mess.”

He has no shame about appointing someone who has spent her recent career at odds with labor unions, who fleeced her Main Street depositors to help her Wall Street investors, who symbolizes everything that is troubling about a campaign finance system that Obama says is “broken.” And opposition from the left simply died.

The failure of the Senators to raise these issues is also a sign of how little Congress has learned from the financial crisis. Whether you blame Wall Street or Washington for the mess, the subprime crisis was clearly at the heart of the problem. That is why Pritzker pulled out of the nomination process in 2009.

Four years later, however, all seems to be forgotten. And Chicago-run Washington continues as usual, a “ruling class” safely restored.


The complete article is at Big Government.

Also from Breitbart:

Commerce Nominee Penny Pritzker Sails Through Senate

Penny Pritzker: Obama’s Worst Insult to His Left-Wing Base – Breitbart

Thune Grills Pritzker About Subprime Bank Failure

Pritzker Assured Employees of Bank’s Health Two Months Before Failure

Durbin Backs Pritzker for Commerce; Heiress Has ‘Broken Through Glass Ceiling’

Labor Unions Fighting Pritzker Nomination During Confirmation Hearing

Senior Citizens and Veterans Devastated by Pritzker’s Bank


Update: Obama’s Commerce Secretary Didn’t Report $80 Million in Income

Well, you can see how that could happen…


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