• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipTed Cruz

Ted Cruz just upped the populist ante for 2016 Republicans

By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
By
Tory Newmyer
Tory Newmyer
Down Arrow Button Icon
June 24, 2015, 9:36 PM ET
Ted Cruz
UNITED STATES - JUNE 23: Sen. Ted Cruz, R-Texas, talks with reporters after voting against cloture on the Trade Promotion Authority bill, June 23, 2015. (Photo By Tom Williams/CQ Roll Call)Photograph by Tom Williams — CQ-Roll Call,Inc./Getty Images

Ted Cruz just raised the bar for Republican presidential hopefuls angling for the fiery populist mantle.

In a 40-minute stemwinder delivered to a friendly crowd at the Heritage Foundation on Wednesday, the junior senator from Texas inveighed against a corrupt alignment of corporate and political power that he shorthanded as the “Washington Cartel.” That’s apparently new coinage, and you can expect to hear a lot more of it as Cruz tries to elbow his way out of the GOP presidential primary’s second tier and into serious contention for the nomination.

His speech was short on policy prescriptions, and he’s already struck on the anti-establishment theme that organized it. But the acidity of his vitriol tipped the rhetorical pH scale. “Lobbyists and career politicians today make up what I call the Washington Cartel,” he said. “And it operates very much like other cartels. It operates like OPEC. I don’t know, like sheikhs, if they actually wear robes. But they nonetheless on a daily basis are conspiring against the American people.” In Cruz’s formulation, every moneyed interest and every leading pol, Republicans included, are in on it: Big banks, “GM and Chrysler and its suppliers,” “union bosses,” “rich yuppies” buying Teslas, “fat cat insurers,” Enron, Solyndra, Air India and the other beneficiaries of the Ex-Im bank, corn growers, wind energy purveyors, sugar producers, Big Box retailers, and their giant online brethren.

As he spoke, the Senate was preparing to take the last step in handing President Obama fast track authority to wrap work on the 12-nation Trans Pacific Partnership trade agreement. Cruz had been an early and important ally for the White House in its bid to secure that negotiating wiggle room. Back in April, he joined House Ways and Means Chairman Paul Ryan (R-Wisc.) in penning a Wall Street Journal op-ed calling the authority essential to “send a signal to the world. America’s trading partners will know that the U.S. is trustworthy and then put their best offers on the table.”

The Obama administration viewed Cruz’s endorsement as a major coup. Heading into the thick of the debate, the White House worried over keeping other Tea Party-affiliated Republicans on board with its trade agenda, since the whole project needed near-uniform GOP support. Cruz’s position made it safe for wary House Republicans to climb aboard.

But on Tuesday, as the White House’s push for fast track faced its final significant challenge in the Senate, Cruz defected. The problem, he suggested without evidence, was that Speaker John Boehner (R-Ohio) had thrown a deal with Democrats to save the Export Import bank into the bargain. And that federal agency, which exists to help finance American exports, has become a bête noire for the anti-corporatist right that Cruz seeks to champion. “There’s too much corporate welfare, too much cronyism and corrupt dealmaking, by the Washington cartel,” he wrote in the op-ed explaining why he soured on fast track that slyly previewed his Wednesday line. So an uncharitable view of Cruz’s flip on fast track might note its timing a day before the Heritage talk and the fact that it brought his position on the issue of the day neatly into line with his theme.

Obama’s trade push — a defining priority he shares with the big business lobby — cleared the Tuesday hurdle, with no votes to spare, mostly on the backs of Senate Republicans. As Cruz lit out in a different direction, his Wednesday address laid a new marker for those of his presidential rivals who likewise hope an attack on the system they seek to lead will prove a winning formula.

About the Author
By Tory Newmyer
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

As hantavirus outbreak unfolds, the CDC is missing in action, experts say. ‘I’m very sorry to say that we are not prepared’
PoliticsHealth
As hantavirus outbreak unfolds, the CDC is missing in action, experts say. ‘I’m very sorry to say that we are not prepared’
By Mike Stobbe and The Associated PressMay 9, 2026
17 hours ago
Photo of Zak Brown
SuccessSports
Before the McLaren CEO got a $50 million payday from his team’s F1 championship, he was a high-school dropout who got his start on Wheel of Fortune
By Sasha RogelbergMay 9, 2026
19 hours ago
‘Employers are increasingly turning to degree and GPA’ in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of WorkEducation
‘Employers are increasingly turning to degree and GPA’ in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
19 hours ago
Protester at Jeffrey Epstein hearing
LawJeffrey Epstein
How Jeffrey Epstein leveraged a prestigious U.N.-affiliated nonprofit—and the Gates Foundation—to control women and keep them in his orbit
By Jessica MathewsMay 9, 2026
19 hours ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
SuccessThe Interview Playbook
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
20 hours ago
Qualcomm’s CEO is working with ‘pretty much all’ major AI players on top-secret devices—and powering OpenAI’s first push into hardware
AIQualcomm
Qualcomm’s CEO is working with ‘pretty much all’ major AI players on top-secret devices—and powering OpenAI’s first push into hardware
By Eva RoytburgMay 9, 2026
21 hours ago

Most Popular

'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
19 hours ago
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
Politics
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals 'dirty little secret'
By Jason MaMay 9, 2026
15 hours ago
You're probably safe from the Hantavirus outbreak, but here's what you absolutely must not do, experts say
Politics
You're probably safe from the Hantavirus outbreak, but here's what you absolutely must not do, experts say
By Catherina GioinoMay 8, 2026
1 day ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
20 hours ago
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
Magazine
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
4 days ago
Companies are abandoning 'peanut butter' raises as pay-for-performance takes over the workplace in the AI era
Future of Work
Companies are abandoning 'peanut butter' raises as pay-for-performance takes over the workplace in the AI era
By Marco Quiroz-GutierrezMay 9, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.