“I think the Republican Party is accurately defined as a party that looks out for the interests of the very wealthy” — Bob Herbert
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Bob Herbert is suggesting that the Republican Party primarily advocates for and acts in the interests of wealthy individuals and groups, rather than representing a broader cross-section of the public.
He implies that the Republican Party policies and priorities tend to disproportionately benefit the rich, such as through tax cuts that mainly help those with high incomes or weakening regulations on big business and Wall Street.