It's not surprising that a Senator from a tobacco state, Mitch McConnell (R-better keep your KY handy if you're not a corporation), would use obfuscation, denial, and bullshit to fog his true objectives. Paul Krugman:
It’s a truly shameless performance: Mr. McConnell is pretending to stand up for taxpayers against Wall Street while in fact doing just the opposite. In recent weeks, he and other Republican leaders have held meetings with Wall Street executives and lobbyists, in which the G.O.P. and the financial industry have sought to coordinate their political strategy.Paul Krugman (and I, here and here) can tell that the Republicans are bullshitting, but the teabaggers go right on screaming that they pay too much in taxes, never mind that their taxes have gone down during the Obama administration.
And let me assure you, Wall Street isn’t lobbying to prevent future bank bailouts. If anything, it’s trying to ensure that there will be more bailouts. By depriving regulators of the tools they need to seize failing financial firms, financial lobbyists increase the chances that when the next crisis strikes, taxpayers will end up paying a ransom to stockholders and executives as the price of avoiding collapse.
The teabaggers are the Republicans' target demographic because they're easily fooled into believing nonsense that keeps them serfs to the feudal lords of Republican crony capitalism.