Wall Street dumps Obama, showers Romney with campaign cash

Wall Street, fed up with a barrage of attacks from President Barack Obama, is abandoning the incumbent President and throwing is considerable weight and wealth behind presumptive GOP nominee Mitt Romney.

“They have basically ditched Obama,” Center for Public Integrity managing editor John Dunbar told CNN. “Romney is just a much friendlier candidate if you are a banker.”

And Romney’s new-found friends have money to burn.  Wall Street execs wrote checks for $8.5 million to Romney through the end of April, compared to $3 million for Obama.

That’s a sharp turnaround from 2008 when Obama raked in $16 million while GOP contender John McCain had to make do with a paltry $9 million.

And who leads the list of financial fatcats taking out their checkbooks for Mitt?  Gold Sachs, Bank of America, JP Morgan Chase, Morgan Stanley, Credit Suisse and Citigroup top the list.

Says Vivica Novak of the Center for Responsive Politics:

Wall Street has taken some of the blame for the financial crisis. The result of that has been increased oversight and regulation — two things that are never popular.

At least not popular with Wall Street.

Copyright © 2012 Capitol Hill Blue

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3 Responses to "Wall Street dumps Obama, showers Romney with campaign cash"

  1. glennk1949  May 29, 2012 at 7:43 pm

    Talk about ungrateful! Obama showered Wall st. with cash for the last 3.5 yrs. He made sure NOT one of the bankster criminal class is in jail for what many consider gross crimes against humanity and the American taxpayer. They should be on their knees thanking this man, instead these clueless, arrogant ingrates aren’t satisfied with how their being treated by DC. What a bunch of retards they are. Even as they abandon him wholesale though Obama is till trying to court these toxic klowns. You figure it out? When he’s out they won’t even hire him to shine their friggin shoes. They hate him no matter how nice he is to them.

  2. Logtroll  May 29, 2012 at 9:14 pm

    Romney will be nicer…

  3. glennk1949  May 31, 2012 at 9:26 pm

    Poor ( oxymoron) Wall st. I’m sure MITT will be help all those suffering banksters, the poor persecuted darlings. He’s a much better fit then Obama.

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