Courtesy of Mish.
On Wednesday, Eric Cantor resigned as House Majority Leader following his shocking primary loss to Tea Party candidate Dave Brat.
A majority leader has never in history lost a primary election.
Shock waves reverberated in both Republican and Democratic camps. Most wonder how it happened. Explanations abound. CNN gives 7 Reasons Eric Cantor Lost.
I find those explanations lacking.
Instead, I propose people are fed up with Washington. But that has been the case for years if not decades. So why such a shocking upset now?
Gary Cohn Explains
Gary Cohn, President and COO of Goldman Sachs, inadvertently answers the question “why now?” in the following Bloomberg video.
“I think Eric has been a great leader. He’s been a great public servant. And I think we’ve all enjoyed having Eric in the Congress,” said Cohn.
Indeed! Wall Street enjoyed having Cohn in office, too much so. But what about the average Joe?
Cantor’s Arrogance
…
