Barack Obama's Wall Street Donations Fizzle - Main Street Donations Steady

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Obama Missing Out on Wall Street Cash

In 2008 Barack Obama raised more than $1 million from employees of Goldman Sachs for his presidential campaign. This year they have sent him only $45,000. Mitt Romney, however, has raised $350,000 from the company. The disparity is part of an overall trend in which Wall Street figures, frustrated with the Obama administration, have redirected their funds to Romney, who is courting them aggressively. And the gap could grow wider as Obama seeks to energize his base by harnessing the anger of Occupy Wall Street.

Since this spring, Mr. Romney has raised $1.5 million from employees of firms like Morgan Stanley; Highbridge Capital Management, a hedge fund; and Blackstone, a private equity firm. Mr. Obama has raised just over $270,000 from firms that were among his leading sources of campaign cash in 2008.

read: http://www.nytimes.com/2011/10/16/us/romney-perry-and-cain-open-wide-financial-lead-over-field.html?_r=2


Hard-hit Obama Donors Still Opening Wallets

An Associated Press analysis of Obama’s fundraising since April found his supporters opened their wallets more often this election cycle in places with the worst unemployment rates. That’s compared with the same period four years ago, just months before the country was thrust into a major recession.

read: http://www.salon.com/2011/10/16/hard_hit_obama_donors_still_opening_wallets/

[Name removed]

1. Deleted message

Message removed by moderator. Click here to review the message board rules.

[phasma ex machina]

2. Goldman Sachs is a bankster. The bankster's Fed owns government. Nobody kicks them out. nt

[polichick]

3. The people are trying to kick them out - now's the time for the prez to decide...

...where he stands - and which side of history he wants to be on.

[banned from Kos]

5. Obama fined Goldman Sachs $550 million and you call that "sucking up"?

Reality is over here.

[polichick]

6. Fines instead of prison, an admin. packed with tools, and apologies to the CofC...

THAT'S reality.

[TheWraith]

19. Actually it's far, far from reality.

But I'm sure you don't care about that, any more than people care that it's a complete myth that Geithner worked for Goldman Sachs, when he's never worked for an investment bank in his life.

[Bobbie Jo]

8. Backpedaling can be a clumsy exercise

Especially back to reality.

[phasma ex machina]

9. Fines don't really work on banksters who can order up bailouts from THEIR Fed.

The only thing that truly works is killing the bankster's central bank (the Fed) like Jackson did in 1833.

[hatrack]

10. Goldman Sachs made $8.35 billion in profits during 2010

http://www.crainsnewyork.com/article/20110119/FREE/110119851

So $550 million in fines would amount to a whopping 6.58% of their net for the year.

Ooh. Bet that stung, huh? No wonder they're cleaning up their act!

[Rex]

21. Notice how the GS ponies don't produce an ounce of

evidence? Just assertions without links or any kind of visible proof? And they blame others of not living in reality. :eyes:

At least nobody buys their garbage.

[banned from Kos]

27. Do you honestly think you can launch a drive to bust Goldman from a lousy

message board?

After a Congressional investigation found no crimes? And they put it to rest for $550 million?

Talk about detached from reality.

[cui bono]

16. He appointed Midwest Chairman of JPMorgan Chase, Bill Daley

as his Chief of Staff when Emanuel left. That is sucking up if I ever saw it.

And let's not forget Geithner who's been there from the beginning.

He throws us a bone so people will claim he's doing something by giving them an inconsequential fine that doesn't change anything in the world. But what kind of overhaul of the system did he do? Has Wall Street changed it's behavior? No, they haven't, they are still getting their multi-million dollar bonuses and laying off average workers. Nothing has changed which means Obama hasn't done anything substantial that resonates enough with the financial "industry". Not only that, a fine like that will likely just get passed onto the consumers through fees and such. So, it's actually not helping the working people at all. We need serious reform and regulation. We're not going to get that from Obama.

[girl gone mad]

22. $550 million for stealing tens of billions.

Awesome deal for Goldman.

[banned from Kos]

28. Who did they steal it from? There is such a thing as civil crime you know.

That crappy Abacus deal?

No owner of that security has sued Goldman. You should offer to represent them.

[girl gone mad]

29. delete/dupe.

[girl gone mad]

30. Goldman defrauded investors..

then stole from American taxpayers.

According to the original complaint, Goldman made "materially misleading statements and omissions" in marketing structured financial products.

Blankfein should have been prosecuted.

[MjolnirTime]

12. that's all you get out of this?

Isn't part of your argument that Wall Street owns Obama?

[BeyondGeography]

4. Imagine if he had actually governed as hard against Wall St. as he will run against them next year

Unfortunately, he completely misjudged the desperate nature of our/his own situation, and he now has a major credibility problem. There's a one-way sign at the head of Wall St. Try reading it next time, Barack.

How ironic it would be for America to elect Wall St.'s candidate in 2012, four years after it bailed out these crooks who then used taxpayer money to immediately start lining their pockets again. It could very well happen.

[polichick]

7. He could turn it around, but not without REAL change that people could believe in.

[cui bono]

17. Problem is we heard that line already. I don't believe it anymore.

Not in campaign season.

Fool me once, shame on me. Fool me twice... um... er... we won't get fooled again.

[abelenkpe]

11. The bailouts were initiated by bush administration

Obama admin just didn't do anything to curtail or oversee them. Obama admin then also bailed out auto industry which kept thousands employed and added stimulus which while only a tepid half measure did in fact benefit main street. They also attempted to help homeowners and were screwed by banks that actively chose to undermine program in favor of screwing over customers.

Am I disappointed w Obama? Yes! HCR was a joke that benefitted insurance companies and that has left many uninsured and still going into bankruptcy for the crime of getting a catastrophic illness or simply aging. We are still heavily invested in war. We are still engaging in offshore drilling despite BP destroying the gulf. Guantanemo is still open. No one has been investigated or prosecuted for the crash in 2008, for the buildup to the Iraq war, for wiretapping, torture, or even an honest investigation into 9/11.

But democrats are getting their ass kicked because they don't have the liberal support they need in congress or at the local state level. We need to concentrate on electing more liberal and progressive dems to congress n at the state and local level to support the president. Even if we had Bernie sanders as our president without support nothing would get done. Reps, even with a minority have shown they are willing to use every underhanded tactic to block any attempt to aide the people over corporations. We need to shrink rep influence even further.

[phasma ex machina]

13. "bailouts were initiated by bush" Proof positive of that old bankster aphorism.

"I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls Britain's money supply controls the British Empire, and I control the British money supply." - Rothschild.

[abelenkpe]

25. I don't think you read my post

I do care who is our leader. I said it's pointless if he/she not supported. Bite me.

[TomCADem]

14. Just Goes To Show That Wall Street Wants To Repeal Financial Reform That Obama Pushed

Which every GOP candidate has promised to repeal. Coincidence?

[banned from Kos]

15. thank you for the reality! this ^^^^^^^^^is just too simple and real

for some to shuck off their conspiracy nonsense.

[chill_wind]

18. Well, only if you consider $2.5 million so far a "fizzle" lol.

True enough GS has snapped the big purse shut in favor of Romney, but it's not like the rest of Wall Street has exactly dried up on him. He's still wooing money from from somebody in that sector. And other than one Mitt Romney, still far away from any of the other GOP field in that same stream.

http://www.opensecrets.org/industries/recips.php?ind=F&cycle=2012&recipdetail=P&mem=N&sortorder=U

2012: Finance/Insurance/Real Estate: Top Recipients

1 Romney, Mitt (R) $5,047,797
2 Obama, Barack (D) $2,464,605
3 Pawlenty, Tim (R) $1,005,080
4 Paul, Ron (R) $163,372
5 Gingrich, Newt (R) $157,200
6 Santorum, Rick (R) $102,600
7 Cain, Herman (R) $74,075
8 Johnson, Gary (R) $14,500
9 Karger, Fred (R) $6,530
10 Perry, Rick (R) $5,000
11 Blankenship, Jared (R) $4,000
12 Terry, Randall A (D) $1,000
13 Roemer, Charles E 'Buddy' III (R) $40

[bigtree]

20. It's still a significant drop

. . . and it's notable, contrasted with the nobody, Romney, pulling in the bulk of the cash.

Of course, if you view everyone and their contribution from Wall Street as some sort of evil, it makes no difference at all, I suppose.

[girl gone mad]

23. Wall Street is betting he will lose.

A fairly safe bet, when gauging his poll numbers.

[bigtree]

24. against Romney or one of the others?

. . . not likely. Not a chance, in my view.

[chill_wind]

26. The REAL bulk of the cash

is going to Congressional Pubs.

http://www.opensecrets.org/industries/summary.php?ind=F&cycle=2012