Monday, October 17, 2011

It’s Official – Wall Street Abandons Obama

Just released campaign donations reports show Wall Street support for President Barack Obama – which so favored Obama in 2008, has declined sharply as the president hopes to be re-elected in 2012. - Ulsterman
Romney Beating Obama in a Fight for Wall St. Cash - New York Times

Employees of Goldman Sachs, who in the 2008 campaign gave Mr. Obama over $1 million — more than donors from any other private employer in the country — have given him about $45,000 this year....

For his part, Mr. Romney is now pitching himself as the turnaround expert for an ailing national economy. He has personally wooed major Wall Street donors, successfully recruiting several senior financial executives poised to back Gov. Chris Christie of New Jersey had he opted for a White House bid.

But anger at big banks — manifested by the growing Occupy Wall Street protests in New York City and elsewhere — is palpable enough that Mr. Romney must avoid being seen as a friend of an industry that many Americans blame for onerous bank fees and underwater mortgages.

“To the extent anyone is supporting Mitt Romney over President Obama,” said Andrea Saul, a Romney spokeswoman, “it is because of the state of the economy and the president’s failures to create jobs.”

Team Obama hyped its third-quarter fundraising and the “watchdogs” of the establishment media lapped it right up. - HotAir