President Goldman Sachs

My apologies for interrupting the Herman Cain discussion, but I think this article from the Washington Post is definitely worth highlighting:

Obama still flush with cash from financial sector despite frosty relations

Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all of the GOP candidates combined, according to a Washington Post analysis of contribution data. The numbers show that Obama retains a persistent reservoir of support among Democratic financiers who have backed him since he was an underdog presidential candidate four years ago.

Obama’s ties to Wall Street donors could complicate Democratic plans to paint Republicans as puppets of the financial industry, particularly in light of the Occupy Wall Street protests that have gone global over the past week.

To quote Jack O’Neill from Stargate: SG1: “Ya think?”

The article goes on to note that once the DNC’s funds are taken out of the equation, Obama is receiving fewer donations from the financial sector than Mitt Romney, but I think Glenn Reynolds’ point still holds. Obama is an outrageous hypocrite if he takes any money from the financial sector, let alone $3.9 million.

In reality, both parties are happy to accept campaign cash from financiers, bankers, and corporations. If you look at the list of top donors for the 2008 election, for example, you’ll find that quite a few “moneyed interests” leaned Democratic. Are the Occupy Wall Street folks aware of this? Maybe, but they’ll probably still vote for Obama.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s