The depth of my animosity towards Chuck Schumer is difficult to articulate, and this is a perfect example of why.
WASHINGTON, July 29 — June was a busy month for Senator Charles E. Schumer. On the phone, at large parties and small gatherings around the nation, he raised more than $1 million from the booming private equity and hedge fund industries for the Democratic Senatorial Campaign Committee, of which he is chairman.
But there is another way Mr. Schumer has been busy with hedge fund and private equity managers, an important part of his constituency in New York. He has been reassuring them that he will resist an effort led by members of his own party to single out the industry with a plan that would more than double the taxes on the enormous profits reaped by its executives.
Mr. Schumer has considerable say on the issue. In addition to being the third-ranking Democrat in the Senate leadership, he is the only Democrat serving on both of the major committees, Banking and Finance, that have jurisdiction in the matter.
So Schumer, less than a year after unfairly scrabbling up a lot of the credit for leading the Democrats to victory by focusing on, among other things, corruption,is now throwing his weight around to protect the insanely rich at the expense of the all the people who voted for his party because they were tired of Republicans protecting the insanely rich at their expense.