11/19/2010 12:00 pm ET Updated Dec 06, 2017

Americans United For Change Ad Mocks Republicans For Doing Wall Street's Bidding (VIDEO)

WASHINGTON -- Republicans and Tea Party activists were "chumps" doing the bidding of Wall Street CEOs in the midterm elections, according to a new ad by the progressive group Americans United for Change (AUC).

The satirical spot is the organization's first ad since the election and will start airing this weekend on a mix of national cable news and local cable in Washington, in advance of the president's bipartisan summit with congressional leaders on Nov. 30.

The ad features fictional Wall Street CEOs sipping cognac and smoking cigars at a country club, bragging about how easy it was to get "Republicans running around screaming about deficits and jobs." "And the Tea Party bought it," laughs another.

"Don't let them win again," concludes the ad. "No more tax cuts for millionaires."


"On the campaign trail, Republicans and their corporate backers paid a lot of lip service to the Tea Party crowd about reining in the deficit," said Tom McMahon, executive director of AUC. "But back in Washington, what's the very first order of business? Blowing a Texas-sized hole in the deficit by extending the Bush tax breaks for Wall Street bankers and millionaires. That's $700 billion reasons why Congressional Republicans are not at all serious about putting America's fiscal house in order and getting the economy moving again for anyone but the special interests."

The group's previous ads have aggressively gone after big business, referring to the titans of the banking and financial community as "pigs" who were "first in line at the trough for their taxpayer bailout" or reckless gamblers who "caused an economic catastrophe."