Pulling NO Punches: Ted Cruz Calls-Out Wall Street Cronyism in Front of Wall Street Audience

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[vc_row][vc_column][vc_column_text]It appears that Republican presidential contender Ted Cruz pulls his punches for no audience. The 2016 presidential contender has a habit of plainly outlining the problems he intends to address as president and even when discussing these problems with potential big money donors, he hasn’t been shy about letting them know if they’re part of the problem.[/vc_column_text][banner300 banner=”5517620b381df”][vc_column_text]At CNBC’s Delivering Alpha Conference on Wednesday, the Tea Party senator spoke to a crowd of largely Wall Street investors and explained that both big business and big government can hinder American economic mobility.

“You want to sum up this race in one simple meme? It’s one we tweeted out,” Cruz explained. “Reaganomics, you start a business in your parent’s garage; Obamanomics you move into your parents garage.”

 

“Hillary Clinton and Barack Obama love to talk about income inequality. Let me tell you, I love when they bring it up, because it has increased dramatically under their policies,” Cruz continued.

Highlighting the unwillingness of Democrats to practice what they preach, Cruz added,

“The simple reality is big business does great with big government. I’ll give you a statistic that you’ll never hear President Obama or Hillary Clinton admit: the top 1 percent, the millionaires and billionaires Obama constantly demagogues today earn a higher share of our income, than any year since 1928.”

 

“There is a tendency in Washington to support giant corporations,” he said. “The Democratic party is the party of the rich, big government and cronyism. That is the Democratic Party”

As an example of this kind of problem, Cruz pointed to Dodd-Frank, which “killed hundreds and even thousands of small financial institutions” by forcing them to comply with ridiculously complicated and rigid regulations.

“I don’t think government should be playing the role of either Santa Claus or thug,” Cruz bluntly stated.

Cruz also highlighted the failings of the Republican Party and pointed to the corrupt bargain struck by Senate Republicans to surrender entirely on the debt ceiling crisis while pretending that they were trying to stand strong against liberal runaway spending.

RELATED: VIDEO: Ted Cruz Drops a Major Truth Bomb on Leftist ‘Sanctuary Cities’

The media has dutifully targeted conservatives as corporate shills; however, those who rant and rave about money in politics are some of the biggest allies to a corrupt corporate-governmental alliance that prioritizes cronyism above the needs of the American people.[/vc_column_text][/vc_column][/vc_row]

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About the Author

Greg Campbell
Greg Campbell
An unapologetic patriot and conservative, Greg emerged within the blossoming Tea Party Movement as a political analyst dedicated to educating and advocating for the preservation of our constitutional principles and a free-market solution to problems birthed by economic liberalism. From authoring scathing commentaries to conducting interviews with some of the biggest names in politics today including party leaders, activists and conservative media personalities, Greg has worked to counter the left’s media narratives with truthful discussions of the biggest issues affecting Americans today. Greg’s primary area of focus is Second Amendment issues and the advancement of honest discussion concerning the constitutional right that protects all others. He lives in the Northwest with his wife, Heather, and enjoys writing, marksmanship and the outdoors.
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