|Irony: without capitalism, no jobs.|
As recently as July, ABC News reported;
One year after President Obama signed into law the most sweeping overhaul of the U.S. financial system since the Great Depression, support for his re-election among some Wall Street elites remains strong.Eighty wealthy and well-connected volunteer fundraisers, or bundlers, from the financial sector have together raised at least $11.8 million for Obama’s re-election campaign, according to an analysis of Federal Election Commission data by the Center for Responsive Politics, a nonpartisan government watchdog. Individuals working in finance, insurance or real estate markets contributed roughly one-third of all money raised by Obama’s 244 bundlers –- more than any other industry –- the Center found.Nine of the 27 financiers who each brought in more than $500,000 during April, May and June have tied to the financial industry. They include former Goldman Sachs CEO Jon Corzine; Evercore Partners executive Charles Meyers; Greenstreet Real Estate Partners CEO Steven Green; and former UBS executive Blair Effron.
Open Secrets reported in the 2008 elections the list of top donors to Obama's election campaign - there's a lot of Wall Street in there.
University of California, Goldman Sachs, Harvard University, Microsoft Corp, Google Inc, JPMorgan Chase & Co, Citigroup Inc, Time Warner, Sidley Austin LLP, Stanford University, National Amusements Inc, WilmerHale LLP, Columbia University, Skadden, Arps et al, UBS AG, IBM Corp, General Electric, US Government, Morgan Stanley, Latham & Watkins.
While I personally believe your anger is misguided in the sense that you want to work with Wall Street rather than engage in class warfare, that's not my point. Really, if you want to affect change, you should be protesting against those who you CAN CHANGE - the very politicians you support who are taking money from these donating entities and then crafting laws on their behalf. Obama is their enabler and apparently you are his.
So protest Obama. That is unless you are just stooges being used by a White House angry with the fact that their donors are moving away to the other side in response to his misguided and destructive-to-everyone policies. Have you ever asked yourself why this movement is happening now? Could it have something to do with stories like this?
President Obama's rhetorical war against Wall Street "fat cats" and his efforts to enact sweeping reforms of the financial sector haven't exactly endeared him to top financial industry executives.
Now it appears the Wall Street donors who helped fund Obama's successful 2008 bid are shifting their campaign cash elsewhere.
Per Bloomberg's Jonathan Salant, at least 100 donors who previously supported Obama in 2008 haven't written a check to his re-election campaign and are instead supporting Mitt Romney's 2012 bid. The shift has helped Romney raise more than twice as much from Wall Street as Obama has so far this election cycle.
The coincidence is astounding.