Say it Ain’t So

Thursday 20 October 2011 - Filed under Uncategorized

WaPo on Obama’s supposed “frosty relations” with Wall Street banks and the rest of the financial sector:

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.

Obama’s key advantage over the GOP field is the ability to collect bigger checks because he raises money for both his own campaign committee and for the Democratic National Committee, which will aid in his reelection effort.

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.

Wait, what? Despite “frosty relations” they just keep shoveling money in to his campaign? Even more money than they’ve given to all GOP candidates combined? That don’t pass the sniff test. It would seem that they have quite the cozy relationship going. Obama keeps his anti-Wall Street rhetoric going strong with the promise of more and more regulations, while the financial sector pays him a metric shit load of cash in exchange for a place at the negotiating table. This, folks, is corporatism in action. Can we stop pretending that bankers and politicians giving each other handjobs is strictly a Team RED thing? Because it isn’t. It’s a bipartisan affair.

And, since it’s in the quote: since fucking when was Obama the “underdog” in the 2008 election? A blind squirrel would’ve won that election so long as it was wearing a Team BLUE jacket and was in an election against Bush (even though he wasn’t on the ballot).

2011-10-20  »  madlibertarianguy