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NEW YORK VALUES

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Here’s a story about one of the Manhattan liberals Ted Cruz identified as this country’s foremost enemies:

As Ted Cruz tells it, the story of how he financed his upstart campaign for the United States Senate four years ago is an endearing example of loyalty and shared sacrifice between a married couple.

“Sweetheart, I’d like us to liquidate our entire net worth, liquid net worth, and put it into the campaign,” he says he told his wife, Heidi, who readily agreed.

But the couple’s decision to pump more than $1 million into Mr. Cruz’s successful Tea Party-darling Senate bid in Texas was made easier by a large loan from Goldman Sachs, where Mrs. Cruz works. That loan was not disclosed in campaign finance reports.

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  • slothrop

    All of the Wall Street banking stuff is much too esoteric for most voters. The only person who can puncture the veil of this deceit is Bernie Sanders. This is why Sanders is a much better match-up against Cruz than HRC.

    Cruz is really good, though.

    • ChrisTS

      Oh, Christ. Anyone can get that Cruz used his wife’s GF connection to get a ‘loan.’

      You know, I rather liked Senator Sanders before you bots and bros started to sully his reputation.

      • jim, some guy in iowa

        Sanders is still good. you shouldn’t blame *him* for apostle-wannabes

        • ChrisTS

          Good point. :-)

      • JMP

        If Sanders does end up becoming President, most of the obnoxious bros supporting him will probably turn on him right after his inauguration after he doesn’t immediately give them a pony.

        • random

          most of the obnoxious bros supporting him will probably turn on him right after his inauguration during his general election campaign.

          The real loyalty test would come when he is, for the first time in his entire career, facing an electorate that doesn’t solely consist of voters from bright blue VT or solely consist of Democratic Primary voters.

          • Judas Peckerwood

            *yawn*

            • ChrisTS

              That was informative.

          • ChrisTS

            More precisely: an electorate that is not simultaneously pro-gun, super-white, and ‘sort of’ feminist.

            I like Senator Sanders well enough, but he is no more the Messiah than Obama was.

    • random

      I’m pretty sure the average person knows what a ‘loan’ is, knows what lying is, and suspects that hiding a million bucks from the authorities might be problematic.

      On a related note, Cruz is not at all good at this politics stuff. Sure, Sanders could probably beat him, but I’ve found things stuck to the bottom of my shoe that could probably give Cruz a run for his money.

      • Ktotwf

        Ted Cruz is nothing like that political juggernaught Ben Carson.

        • random

          Neither one will ever see a general election.

          But almost any successful black man armed with a GOP Presidential nomination would have a much better shot with both the media and swing state voters than Cruz. Though TBF most of their white candidates would also do better than Cruz.

      • heckblazer

        These days it’s not really problematic to hide this stuff from the authorities because the FEC currently does squat. That’s becuase the board has equal numbers of Dems and Repubs, making all decisions deadlocked.

      • ASV

        He managed to lose a fight over “New York values” in a Republican debate, taking the con side. But still, he’s the smartest guy in the room (unless supergenius Bobby Jindal is also in the room).

    • Mellano

      All of the Wall Street banking stuff is much too esoteric for most voters.

      It’s easy: Ted Cruz took out rich man’s subprime loans to pay for a high risk Senate campaign. And if the Tea Party has a founding myth, it’s that subprime borrowers are irresponsible losers, right?

      Defenders of the securities-based lending boom point out that wealthy people have always borrowed against their assets and that ultra-low rates make such offerings a logical option, especially compared to second-lien mortgages or credit card debt. And this is true. The bigger question revolves around whether a true financial advisor (read: a fiduciary) would really be recommending that their clients put retirement assets up as collateral for increased consumption in the first place. Can you really be giving quality advice while tacitly facilitating the purchase of luxury goods or other forms of consumption using additional debt?

      Skeptics from the independent side of the wealth management industry would ask, rhetorically, whether or not most of these loans would be made with such frequency if the advisors themselves were not sharing in the fees. The answer is that, no, of course they wouldn’t.

  • jim, some guy in iowa

    “all told, the value of their cash and securities in 2012 saw a net increase of as much as $400,000- even as the Cruzes were supposedly liquidating everything to finance Mr Cruz’s Senate campaign”

    I fuckin’ love that. Thanks, Obama!

    aside: the Lemieux twittering about the debate is quite good reading tonight

    • random

      Yeah I caught that, he was in fine form.

  • ChrisTS

    Didn’t they also get a low interest loan from another bank at the same time?

    • Crusty

      Yup. Citibank. And what does the “Citi” in citibank refer to?

  • N__B

    Want some New York Values?

    Good, cheap food: Jackson Heights.

    Good, cheap wigs: the Fulton mall.

    Good, cheap real estate: Philadelphia.

    • MaureenDowdsLudes

      As a resident of Jackson Heights, I applaud your good taste.

  • Warren Terra

    I think it’s very unfair that people are prying into Ted Cruz’s marriage like this. He and his wife and Goldman Sachs obviously love each other very much, which is a beautiful and a natural thing and none of our darned business.

    • N__B

      Goldfinger had gold woman sex, but I don’t remember seeing a gold man sex three way before.

      • Warren Terra

        Rule 34 seems relevant.

        • jim, some guy in iowa

          it turns out rule 34 is pretty much always relevant

          • N__B

            “…he said as he erased his browser history.”

            • rea

              You do know, don’t you, that there is porn about erasing your browser history? Heck, there is porn about defraging your hard drive . . .

              • Colin Day

                Heck, there is porn about defraging your hard drive . . .

                Use file systems that don’t fragment in the first place.

                • mds

                  Use file systems that don’t fragment in the first place.

                  HOT.

  • Every Man Jack of Yinz

    Free political advice of the day: Trump should run a spot that is just a shot the memorials of the foundations of the World Trade Center Towers. Under the header of: You Mean These New York Values Mr. Cruze?

    • Ktotwf

      Exactly.

      • timb

        Although, [in a fit a pedantic dickishness] I’ll note he should spell Ted’s name properly

    • Marek

      Knowing Trump as we do, he probably wouldn’t be able to resist a shot of the Trump Tower, though.

  • AMK

    Trump missed a YOOOGE opportunity to play up his I-cannot-be-bought narrative by talking about all the New York money Cruz has been eager to dance for behind closed doors.

    • Hercules Mulligan

      He more than made up for it with the (obvious) 9/11 jab, though.

      • Dilan Esper

        Yeah, by any objective measure that was one of the most effective moments for any candidate in any of the debates, and i am glad Trump did it (even though i am no fan of his candidacy).

    • random

      Nah he really didn’t. Unloading a full broadside on Cruz would make him look scared of Cruz, and would distract from his totally-sincere concerns about Cruz’s eligibility.

  • Thirtyish

    In case there was any doubt that the right-wing propaganda machine would find vague, cultural ammunition with which to go after Bernie Sanders on a scale comparable to Obama.

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