The Candidate of Wall Street

Thursday, October 20, AD 2011

In the spirit of the Occupy Wall Street Movement, inquiring minds want to know which candidate for the presidency in 2012 has thus far amassed the largest amount of donations from the “plutocrats” of Wall Street?  Barack Obama of course!

As a result, 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 fundraising advantage is clear in the case of Bain Capital, the Boston-based private-equity firm that was co-founded by Romney, and where the Republican made his fortune. Not surprisingly, Romney has strong support at the firm, raking in $34,000 from 18 Bain employees, according to the analysis of data from the Center for Responsive Politics.


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.


Hunting with the hounds and running with the foxes.  Although in this case most of the foxes don’t appear to mind.


Cynical minds might conclude that Occupy Wall Street has less to do with actual protest of Wall Street and more to do with simple partisan politics aimed at anyone who thinks that Obama and his economic policies have been a class one cluster disaster for this country.  Protests are usually aimed at the party in power.  Not in this case, where the protests are aimed at the opponents of the party in power.  “Fight the power!” being transformed into “Fight for the power!”.


2 Responses to The Candidate of Wall Street

  • Obama’s approval rating among OWSers is in line with the general public. A majority disapprove. Of course, OWS isn’t happy with him because they don’t think he’s radical enough. Next year, most of them will vote for Obama but a very large minority will vote third-party. But I’m surprised by the influence these hippies are having already. They’ve already moderated the GOP field. Cain had to backtrack somewhat, Romney backtracked completely, and Ron Paul actually defended OWS. This is a good thing. It puts Romney in a good position after the nomination when he has to appear more pro-middle-class than Obama.

    I wouldn’t be surprised if Obama’s link to Bain Capital becomes a line of attack against him. It makes Romney look like the grassroots candidate of the people.

  • Occupy Wall Street minions RR, according to Democrat pollster Douglas Schoen, overwhelmingly supported Obama in 08 and 48% currently support him for re-election in 2012. When the actual election arrives, I am sure that figure will be north of 80%.