Rep. Peter King (R-NY) told Politico Thursday that Republican presidential candidate Sen. Ted Cruz (R-TX) should “go back under a rock” after the GOP nominee hopeful said rival Donald Trump “embodies New York values.”
Cruz talked about Trump’s campaign rally songs Tuesday and said he thought the real estate mogul might start playing Frank Sinatra’s “New York, New York” because he “embodies New York values,” Cruz said. He didn’t elaborate on his meaning.
In response to Cruz’s remark, King told Politico that Cruz should “go back under a rock.’
“Memo to Ted Cruz: New York Values are the heroes of 9/11; the cops who fight terror; and the people you ask for campaign donations. Go back under a rock,” King wrote in a statement, according to Politico.
Trump has also responded to Cruz’s comment and said it was “energy” that got NYC through the post-9/11 recovery.
Considering how Cruz needed Wall Street bank money to win his Senate seat, his shout-out to “New York values” may have been praise. Or, the biggest hypocrisy ever.
Boys, Boys! You’re BOTH loathsome!
The Twelfth Commandment: Thou shall not eat popcorn while Republicans speak ill of their brethren.
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Ohhhhhh, it gets even better…
"Specifically, the article mentions that the Goldman loan was a so-called “margin loan,” which was secured by Cruz’s brokerage account. Usually, notes reporter Mike McIntire, margin loans are used to purchase stocks, but they don’t have to be, and so Cruz used the proceeds to support his campaign.
But here’s the thing about margin loans: They’re always subject to the dreaded “margin call.” Since the loan is backed up by the investments you own, if your portfolio drops below a certain value, your broker can demand you top up your account with more cash—or it can force you to sell your stocks, at a loss of course.
This is a risk every investor who “buys on margin” takes: If the stock market crashes, you’re going to take a beating when that margin call comes in. Unless you’ve taken a contrarian bet, you’re rooting for peace, prosperity, and a bull market when you’re buying on margin—or campaigning on margin.
But wait a minute … does that sound anything like Ted Cruz? Would a raging tea partier who’s convinced Barack Obama is doing everything he can to destroy the economy actually place his faith in the market not tanking when he’s got up to half a million bucks riding on the forbearance of the kindly vampire squids at Goldman Sachs?"
Full article at DK here: http://www.dailykos.com/stories/2016/1/14/1469670/-Ted-Cruz-s-loan-from-Goldman-Sachs-was-a-bullish-bet-on-the-Obama-economy
(And I’ll confess to a secret affection for Peter King—while I’d never vote for him myself, he’s a different breed from Cruz and Huckabee and Carson and all the other Bible-pounding grifters, and he’s not afraid to lambaste teabagging lunatic Republicans when he senses they’re stepping on the feet of his constituents.)