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Obama Still Wall Street's Honey ... Raises More (As Both Raw Amount And Percentage) From Wall Street Than In 2008

George Washington's picture




 

By Washington’s Blog


Money News notes:

A just-released study by the Center for Responsive Politics shows that President Obama is relying more on Wall Street to fund his re-election this year than he did in 2008, according to CNBC, which obtained an advance copy of the report.

 

***

 

Obama has even added new Wall Streeters who did not work for him in 2008, including former Goldman Sachs CEO Jon Corzine, Evercore Partners executive Charles Myers, Greenstreet Real Estate Partners CEO Steven Green, and Azita Raji, a former investment banker for JPMorgan.

 

Obama and the DNC combined are on pace to far exceed the amounts Obama raised from Wall Street donors in 2008, both in raw dollar amounts and as a percentage of what he raises overall.

Mr. Obama is bought and paid for. He wasn't "bullied" into accepting a bad debt deal ... Republicans weren't even calling for much of what he caved in on.

In truth and fact, Obama has fought to sell out the American people from day one.

And the Democratic party - just like the Republicans - are institutionalizing fraud as official (if unspoken) party platforms.

Politicians allowing systemic fraud in return for campaign contributions are exactly the same as cops on the take ... or pimps.

 

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Wed, 08/03/2011 - 02:21 | 1519660 eww
eww's picture

Someone needs to raise the question of whether Obama or his relatives were short the market through the period of 7/21 - 08/02. Talk about scandal............

Wed, 08/03/2011 - 02:20 | 1519659 eww
eww's picture

Someone needs to raise the question of which US Congressmen were short the market through the period of 7/21 - 08/02. Talk about scandal............

Tue, 08/02/2011 - 19:56 | 1519004 anony
anony's picture

Like the jewish oligarchs of Wall Street are going to vote for a Mormon, or a Presbyterian. 

He laid back on them, and now they'll give him another 4 years.  Q.P.Q.

 

 

Tue, 08/02/2011 - 19:21 | 1518894 equity_momo
equity_momo's picture

With all due respect....but no shit hes bought and paid for.

Which politician since you were born hasnt been?

At least previous douce bag Presidents were born in the U S of A , there is that.

Tue, 08/02/2011 - 19:21 | 1518891 Flammonde
Flammonde's picture

'The old imperialism-exploitation of raw materials and of colonies has been replaced by a new kind of imperialism: the pentagonist mother country exploits her own people in order to insure the aims of an economy permanently geared to war. The people are exploited as a source of labor and of taxes, which in turn assure that men and war material will be wasted in an endless cycle which profits only the military-industrial-complex.  Dr. Juan Bosch, 1968 

Tue, 08/02/2011 - 19:17 | 1518876 Flammonde
Flammonde's picture

'The old imperialism-exploitation of raw materials and of colonies has been replaced by a new kind of imperialism: the pentagonist mother country exploits her own people in order to insure the aims of an economy permanently geared to war. The people are exploited as a source of labor and of taxes, which in turn assure that men and war material will be wasted in an endless cycle which profits only the military-industrial-complex.  Dr. Juan Bosch, 1968.

Tue, 08/02/2011 - 18:08 | 1518622 cdskiller
cdskiller's picture

Thanks, George. I couldn't have said it better myself.

Tue, 08/02/2011 - 17:55 | 1518585 gangland
gangland's picture

 

 

"Mr. Obama is bought and paid for. He wasn't "bullied" into accepting a bad debt deal ... Republicans weren't even calling for much of what he caved in on.

In truth and fact, Obama has fought to sell out the American people from day one.

And the Democratic party - just like the Republicans - are institutionalizing fraud as official (if unspoken) party platforms.

Politicians allowing systemic fraud in return for campaign contributions are exactly the same as cops on the take ... or pimps."

 

Church!

 


Tue, 08/02/2011 - 17:49 | 1518551 apberusdisvet
apberusdisvet's picture

I wonder what's Obama's cut of the heroin from Afghanistan.  My friend's nephew guarded the poppy fields for his whole tour there.

Tue, 08/02/2011 - 17:39 | 1518521 sun tzu
sun tzu's picture

That's a lie. Democrats never take any money from corporations or special interests. 

Tue, 08/02/2011 - 17:41 | 1518528 jo6pac
jo6pac's picture

Thanks the )))))))))))))))))))))))))))

Tue, 08/02/2011 - 17:36 | 1518510 swissaustrian
swissaustrian's picture

That´s the first bullish news today. If the banks still love Barry, they´ll ensure sufficient QE to prop up the stock market until the election is over.

Tue, 08/02/2011 - 17:32 | 1518491 RockyRacoon
RockyRacoon's picture

So, why am I not surprised.   The appointments to important financial and economic posts in the government were all I needed to see to draw the same conclusion.   Watch what they DO, not what they SAY.

Tue, 08/02/2011 - 18:18 | 1518640 DaveyJones
DaveyJones's picture

I cringed in fear when he cut the deal with Hillary. Why would Dorothy sell Toto to the WItch of the West? then I realized Dorothy isn't just dressed in black, it's her sould as well. Obama and Hillary despite their gender and race are opposite sides of the same prostitute's cloth. One champions themselves the soldier for women's rights while she remains with an abusive cheating spouse in a trade for political power. The other one plays the world as the first minority in the White (man's) House, while he sells his soul to every devil that shackles the common man.   

Tue, 08/02/2011 - 17:23 | 1518456 falak pema
falak pema's picture

the poorer middle amerika gets the more the election campaign costs...just shows, its the oligarchs who pay for it. And they are NOT broke.

Tue, 08/02/2011 - 17:19 | 1518443 sbenard
sbenard's picture

Wall St wants a dictator! All hail Emperor Obama!

Tue, 08/02/2011 - 17:10 | 1518401 JW n FL
JW n FL's picture

And the Democratic party - just like the Republicans - are institutionalizing fraud as official (if unspoken) party platforms.

 

it is a shame..

but what we can do is have a sit in.. or sing songs? or paint some signs?

we can talk about change and then the Bankers who are hiding behind the Government and thusly the Police will want to change their ways! talking solves everything!!!

so lets spend another 40 years talking about peaceful ways to encourage the Evil Bankers to behave themselves!

Change thru Hot Air! it is working wonders! if it aint broke dont fix it!

 

VOTE WITH A BULLET!

Tue, 08/02/2011 - 18:07 | 1518616 cdskiller
cdskiller's picture

Why do I doubt you were you saying this when Bush was President?

Tue, 08/02/2011 - 23:18 | 1519449 JW n FL
JW n FL's picture

are you saying that I am a Republican under all this?

the norm would be me being called a democrat is why I ask?

 

Tue, 08/02/2011 - 17:13 | 1518408 JW n FL
JW n FL's picture

Or! to be accurate! encourage the College Electorate to Vote with a Bullet!

Ours votes dont really count! I forgot! LOL

Tue, 08/02/2011 - 17:01 | 1518354 zorba THE GREEK
zorba THE GREEK's picture

I'm hoping for change...in 2012

Tue, 08/02/2011 - 17:15 | 1518420 JW n FL
JW n FL's picture

Just like Obama was a change from Bush.. You will have more of the same!

The new Boss is just like the old Boss and the Boss before him.. there is NO! stopping what they want.. which is More for them and less for You!

So the sooner You understand that other than different words.. there will be NO REAL CHANGE!! no matter how many different words are used too make you vote in an election that your vote does not really count in.

 

Tue, 08/02/2011 - 17:01 | 1518342 Sudden Debt
Sudden Debt's picture

For every dollar he gets.... Taxpayers will have to pay a 1000$ to those bastards at Wallstreet.

1 dollar = 1000 dollars

1000 dollars = 1000000 dollars

1000000 dollars = 1000000000 dollars

1000000000 dollars = 1000000000000 dollars

 

OBAMA IS A LAWYER!! LAWYERS LIE FOR A LIVING!!!

LAWYERS GIVE SPEECHES FOR A LIVING!! IT'S THEIR JOB TO GET KILLERS AND RAPISTS OUT OF JAIL!!

 

IF HE GETS REELECTED, AMERICA IS FINISHED FOR SURE!

 

Tue, 08/02/2011 - 15:54 | 1518106 Row Well Number 41
Row Well Number 41's picture

I was so afraid of this all through the 2007-8 elections.

All the talk of hope and change, I tried to tell people at best you were voting for the possibility of change, but don't expect it. 

People believe that they are the constituency of the congressman or senator from their district.  When they realize that they are not maybe all this will make more sense.  I work for the organization that pays me.  When you find who pays for what the politician want (Re-election) you’ll know who his constituency is.

 #41

 

Tue, 08/02/2011 - 19:04 | 1518823 JeffB
JeffB's picture

I lay a lot of the blame for that at the people's feet.

When the voters don't do their due diligence on the candidates - in the primaries as well as the main campaigns - they all too often end up voting for the candidates who can pay for the most commercials that pop up during the sitcoms or "reality" TV.

I remember when Clinton was getting hammered with some scandals and his ratings had plummeted towards the end of his first term. They even got nailed for their fund raising scandals of renting out White House rooms for big bucks & Gore's soliciting contributions from the Communist Chinese http://en.wikipedia.org/wiki/1996_United_States_campaign_finance_controv...

http://www.aim.org/media-monitor/another-scandal-for-al-gore/

But then right before the election they used all of those ill gotten campaign funds to run a media blitz and the polls turned around and he won re-election easily.

Can we really put all of the blame on the politicians when the elections seem to hinge on who comes up with the most money to throw up the most soundbites onto the boob tube just before the election?

How stupid can we be when we elect politicians who have died before the election or who are arrested and already in prison for fraud, and grievous crimes before election day?

As Pogo famously said, "We have met the enemy and he is us."

Tue, 08/02/2011 - 15:24 | 1517866 Cognitive Dissonance
Cognitive Dissonance's picture

Obama 2012 will be the first $1 Billion Dollar man.

That ain't coming from $5 and $10 donations from the little people.

 

2008 Obama contributions.

http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=n00009638

2008 McCain contributions

http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00006424

The usual suspects are on both lists.

Tue, 08/02/2011 - 18:38 | 1518738 wang (not verified)
wang's picture

not only will he be the first Billion dollar man, he'll also be a two term president

not that there's a real difference between the parties, watching the republicans pat each other on the back yesterday was as captivating as watching Nancy and Harry give each other the high five

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