Sunday, February 2, 2014

Rep. Eric Cantor's Service in Davos

Bloomberg interviewed Representative Eric Cantor (R-VA), the leader of a thirteen person Congressional delegation to the World Economic Forum meeting in Davos.  Cantor didn't stray from his party line in this discussion.

Political and business leaders learned their status had fallen in the eyes of the public:

The U.S. saw a dramatic 16 percentage point fall in the level of political trust to 37 percent.  

Only government officials were trusted less than CEOs -- and both groups were the only ones distrusted by a majority of respondents.

Politicians and CEOs were essentially the two U.S. groups confabbing in Davos, which explains the widespread silence from America's Congressional thirteen and the plethora of private equity underwriters (PEU's) in attendance.

The big money boys and Eric Cantor go way back:

Speaking of PEU's, they've a huge sponsor of Eric Cantor, especially since 2008.

Now that's something to hoot about!  I'm sure Cantor and the PEU boys had a big time in Davos.  It also explains the silence from Congressional members of the Blue team attending the World Economic Forum.

It's almost like hanging out at the Gadhafi Ranch. How far will they run from this event in the future?