Obama: Wall Street's President
Would you be surprised to learn that Wall Street bankers have earned more money in just 2 ½ years of Barack Obama’s presidency than they did during the entire Bush presidency? When one considers that tidbit, it’s hardly surprising that Barack Obama has collected more money from Wall Street bankers than any other politician in history.
In a remarkable feat of straddling, that would not be possible without coordination, cooperation and compliance with our ever-vigilant-and-unbiased mainstream news media, the Democratic Party has managed to enrich Wall Street as never before while putting forth a façade as the defenders of the common man against Wall Street plundering.
Prominent Democrats have expressed their deepest sympathies for the Occupy mobs that have dominated the news lately. When the odoriferous rabble first set up camp in Zucotti Park, Obama declared that, “we are on their side.”
In an interview with ABC News, Barack Obama who was well into his latest incarnation of the class warrior, said, “The most important thing we can do right now is those of us in leadership letting people know that we understand their struggles and we are on their side, and that we want to set up a system in which hard work, responsibility, doing what you’re supposed to do, is rewarded. And that people who are irresponsible, who are reckless, who don’t feel a sense of obligation to their communities and their companies and their workers that those folks aren’t rewarded.”
He calls the people who work on Wall Street, “fat cat bankers.”
And he has pocketed mountains of their money. In fact, Obama alone has raised more money from fat cat Wall Street bankers than all Republicans combined. The fat cats have fattened Obama’s larders to the tune of $15.6 million so far this year.
Perhaps the most execrable, corrupt and destructive politician in the House of Representatives, Barney Frank, also declared his sympathy for the Occupy mob, while on his way to, you guessed it, a fundraiser hosted by fat cat Wall Street bankers. After disparaging the fat cats for the cameras, he flew back home weighted down with tens of thousands of dollars of fat cat cash.
Massachusetts US Senate candidate Elizabeth Warren proclaimed herself the intellectual inspiration for the occupiers. New York Times columnist Paul Krugman has made the same claim, although, I have seen little evidence of an intellect worth stimulating.
Warren’s boast is particularly ironic because, shortly before the Occupy Wall Street mobs had fully degenerated into their current “Lord of the Flies” condition, she was recorded claiming that the protection of wealth producers from the depredations of mobs was one of the government’s central responsibilities.
Obama and the Democratic Party have at least one credit on their balance sheets – they are loyal to those who own them.
The great mass of “stimulus” moneys that the Democrats have handed out went directly into the pockets of those who are their most generation campaign contributors.
Along with fat cat Wall Street bankers, unions, particularly public employee unions, have profited most from Obama’s generosity with your money. Other beneficiaries of Obama’s generosity have been “green energy” companies such as Solyndra, whose investors were among Obama’s biggest campaign bundlers, pouring hundreds of thousands of dollars into Obama’s coffers.
Considering that these special interest groups’ donations to Obama have been repaid thousands of times over, putting money into Democrats’ pockets might be the last profitable investment left in the United States. I almost wish that my 401(k) could legally make campaign donations. Considering the rate of return that Democrats pay on investments I might be able to retire before the next vernal equinox. What the heck? I might be able to retire before Christmas.
Which brings us back to the question: Why does fat cat Wall Street love the party and the politicians who make their living disparaging bankers?
The reason is crony capitalism. For all the class warfare rhetoric of the Democrats, the Democratic Party is the party that lines their pockets. Democrats criticized big banks and blamed them for the financial crisis. But Wall Street “reforms” have created larger and more profitable banks.
General Electric is one of the largest and most profitable companies in the world. GE pays no taxes because of “green” subsidies afforded by Democrats. General Electric loves Democrats.
Does anybody really believe that big banks would underwrite politicians who didn’t reward them in return?
In a remarkable feat of straddling, that would not be possible without coordination, cooperation and compliance with our ever-vigilant-and-unbiased mainstream news media, the Democratic Party has managed to enrich Wall Street as never before while putting forth a façade as the defenders of the common man against Wall Street plundering.
Prominent Democrats have expressed their deepest sympathies for the Occupy mobs that have dominated the news lately. When the odoriferous rabble first set up camp in Zucotti Park, Obama declared that, “we are on their side.”
In an interview with ABC News, Barack Obama who was well into his latest incarnation of the class warrior, said, “The most important thing we can do right now is those of us in leadership letting people know that we understand their struggles and we are on their side, and that we want to set up a system in which hard work, responsibility, doing what you’re supposed to do, is rewarded. And that people who are irresponsible, who are reckless, who don’t feel a sense of obligation to their communities and their companies and their workers that those folks aren’t rewarded.”
He calls the people who work on Wall Street, “fat cat bankers.”
And he has pocketed mountains of their money. In fact, Obama alone has raised more money from fat cat Wall Street bankers than all Republicans combined. The fat cats have fattened Obama’s larders to the tune of $15.6 million so far this year.
Perhaps the most execrable, corrupt and destructive politician in the House of Representatives, Barney Frank, also declared his sympathy for the Occupy mob, while on his way to, you guessed it, a fundraiser hosted by fat cat Wall Street bankers. After disparaging the fat cats for the cameras, he flew back home weighted down with tens of thousands of dollars of fat cat cash.
Massachusetts US Senate candidate Elizabeth Warren proclaimed herself the intellectual inspiration for the occupiers. New York Times columnist Paul Krugman has made the same claim, although, I have seen little evidence of an intellect worth stimulating.
Warren’s boast is particularly ironic because, shortly before the Occupy Wall Street mobs had fully degenerated into their current “Lord of the Flies” condition, she was recorded claiming that the protection of wealth producers from the depredations of mobs was one of the government’s central responsibilities.
Obama and the Democratic Party have at least one credit on their balance sheets – they are loyal to those who own them.
The great mass of “stimulus” moneys that the Democrats have handed out went directly into the pockets of those who are their most generation campaign contributors.
Along with fat cat Wall Street bankers, unions, particularly public employee unions, have profited most from Obama’s generosity with your money. Other beneficiaries of Obama’s generosity have been “green energy” companies such as Solyndra, whose investors were among Obama’s biggest campaign bundlers, pouring hundreds of thousands of dollars into Obama’s coffers.
Considering that these special interest groups’ donations to Obama have been repaid thousands of times over, putting money into Democrats’ pockets might be the last profitable investment left in the United States. I almost wish that my 401(k) could legally make campaign donations. Considering the rate of return that Democrats pay on investments I might be able to retire before the next vernal equinox. What the heck? I might be able to retire before Christmas.
Which brings us back to the question: Why does fat cat Wall Street love the party and the politicians who make their living disparaging bankers?
The reason is crony capitalism. For all the class warfare rhetoric of the Democrats, the Democratic Party is the party that lines their pockets. Democrats criticized big banks and blamed them for the financial crisis. But Wall Street “reforms” have created larger and more profitable banks.
General Electric is one of the largest and most profitable companies in the world. GE pays no taxes because of “green” subsidies afforded by Democrats. General Electric loves Democrats.
Does anybody really believe that big banks would underwrite politicians who didn’t reward them in return?
posted by Michael at
11:59 PM
2 Comments:
talk about sloppy math! you can't add party contributions to obamas campaign contributions and then compare that to gop nominee campaign contributions alone. a more relevant comparison from the cited article.
"Put aside the DNC money, for example, and Obama’s numbers look much worse: just $3.9 million from the financial sector, compared with Romney’s $7.5 million."
and that is not including perry, gingrich etc.
I don't know how fair it is to compare anything until the GOP has selected their candidate, and Obama's re-election bid is truly in full swing. Until then this is peanuts. The more meaningful data comes from the previous election cycle, as that one is over and done with. The article linked to even points out places where Obama is beating Romney on his own turf.
"Illinois Sen. Obama, who captured the Democratic presidential nomination on Tuesday after a lengthy primary battle against New York Sen. Hillary Clinton, has received $7.9 million (4.1 million pounds) n contributions from the securities and investment industries, according to the Center for Responsive Politics."
http://uk.reuters.com/article/2008/06/05/analysis-shares-obama-idUKNOA53525520080605
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