Wall Street cash flows to Romney

Discussion in 'Politics' started by Chris, Feb 1, 2012.

  1. Chris
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    Chris Gold Member

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    (Reuters) - The captains of Wall Street have picked a presidential candidate for 2012 and it is Republican Mitt Romney, rather than Democratic President Barack Obama, campaign donation records show.

    The records released Tuesday by the Federal Election Commission illustrate a basic shift in political giving at the presidential level by the nation's financial elite.

    After a fling with Obama - the charismatic Democrat embraced four years ago during the severe credit crisis that erupted under President George W. Bush - Wall Street is backing Romney in a return to its largely Republican inclinations.

    Romney's six largest campaign contribution sources in 2011 were executives, family members and affiliated political action committees of Goldman Sachs, JPMorgan Chase, Morgan Stanley, Credit Suisse, Citigroup and Bank of America, according to the Center for Responsive Politics, a Washington, D.C.-based group that monitors campaign finances.

    The center said that the leaders of the six Wall Street giants -- which were rescued from ruin by U.S. taxpayers about three years ago -- have given $1.8 million to the Romney campaign.

    As for Obama, Goldman Sachs was the sole major financial firm ranked among his top 20 contribution sources for 2011, with gifts of just $64,000 compared with $496,000 to Romney.

    Analysis: Wall St. cash flows to Romney over Obama | Reuters
     
  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Why on earth would I be upset that Wall Street Wants a strong economy?
     
  3. JimBowie1958
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    JimBowie1958 Old Fogey

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    Dont worry too much about that.

    Once Romney gets the nomination the Wall Street money will flow intorrents to Obama.

    Romney is just a place holder stooge just like McCain and Dole so that a populist conservative doesnt get the nomination and upset the rigged gaming tables.
     
  4. kyzr
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    kyzr Gold Member

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    Like it makes any difference who wins the election. The Debt grows and sooner or later the US goes bankrupt, probably when the interest on the Debt starts growing faster. I'm amazed the DC clowns aren't banging drums about cutting spending and entitlements yet. Haul out Simpson-Bowles and dust it off as a down payment. Then kill Dodd-Frank, then cut everything again...
     
  5. del
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    del BANNED

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    Despite frosty relations with the titans of Wall Street, President Obama has still managed to raise far more money this year from the financial and banking sector than Mitt Romney or any other Republican presidential candidate, according to new fundraising data...

    But Obama has outdone Romney on his own turf, collecting $76,600 from Bain Capital employees through September — and he needed only three donors to do it.

    One top banking executive who raises money for Obama, discussing fundraising efforts on the condition of anonymity, said reports of disaffection with the president “are exaggerated and overblown.” He said a strong contingent of financiers in New York, Chicago and California remains supportive of Obama and his economic policies, even as some have turned on him.

    But, this donor added, “it probably helps from a political perspective if he’s not seen as a Wall Street guy.”

    [​IMG]

    you remain an idiot, and a dishonest one at that.

    Obama still flush with cash from financial sector despite frosty relations - The Washington Post
     
  6. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Guess Newt doesn't have a prayer now :(
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    100 Bucks says Not only does Obama get more money from Wall street than Romney, But I bet he got more money from Wall Street last time as well. In Fact I know he did.
     
  8. Sherry
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    Sherry You're not the boss of me Supporting Member

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    Oh I'm quite certain that Obama won't be getting any of that one billion he intends to raise from wall street.:eusa_whistle:
     
  9. JimBowie1958
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    JimBowie1958 Old Fogey

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    Jeeze Dude, it aint over yet.
     
  10. del
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    del BANNED

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    he's toast
     

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