Cornyn Hits Back Against Obama Remarks 

Sen. John Cornyn, R-Texas, said Tuesday that President Barack Obama was “demeaning himself” by criticizing a meeting held earlier this month between Wall Street bankers, Cornyn and Senate Minority Leader Mitch McConnell, R-Ky. Democrats have played up the meeting, using it as ammunition against the GOP as they push to pass a financial regulatory reform bill.

Obama slammed Republicans over the meeting in his Saturday radio address, suggesting the GOP is working in secret with Wall Street bankers to block the sweeping Democratic proposal. “The leader of the Senate Republicans and the chair of the Republican Senate campaign committee met with two dozen top Wall Street executives to talk about how to block progress on this issue,” Obama said.

Cornyn, who is head of the National Republican Senatorial Committee, said Tuesday Obama mischaracterized the meeting.

“The president, frankly, was demeaning himself and his office by making political attacks against Sen. McConnell and me when what were were trying to do was learn more about a complex topic from people who actually know something about it,” Cornyn said in a Senate hallway interview.

Cornyn said Wall Street executives overwhelmingly support Democrats, including Obama.

“The White House is attacking people for doing what [White House Chief of Staff] Rahm Emanuel did, which is to visit with people who actually know something about it on Wall Street and trying to politicize it is really not an act of good faith, it’s an act of bad faith.”

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Susan Ferrechio

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