Wall Street increasingly favors Republicans: study

[marmar]

August 11th, 2010 8:17 PM
Wall Street increasingly favors Republicans: study

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WASHINGTON (Reuters) – Wall Street and its financial allies did an about-face in political spending in June, giving Republicans over two-thirds of their campaign contributions as Democrats pushed financial reform forward in Congress, a report said on Tuesday.

The preliminary findings by the nonpartisan Center for Responsive Politics suggest that a financial industry trend favoring Republican candidates, which began in late 2009, may have accelerated as reform legislation progressed in the run-up to November's congressional mid-term elections.

The Washington research group found that individuals and political action committees connected with the finance, insurance and real estate sectors gave 68 percent of their money to Republican interests in June, just before President Barack Obama signed financial reform into law.

Nearly opposite conditions held sway in March 2009, when 70 percent of the industry's contributions went to Democrats.

Republicans also received most of the industry's contributions in each of the first six months of 2010, according to the Center, which cautioned that its numbers are expected to change as it gleans further data from federal disclosure documents.

The findings are likely to come as a blow to Democrats, who are fighting to retain their control of the House of Representatives and face a smaller risk of losing the Senate. ............(more)

The complete piece is at: http://www.michaelmoore.com/words/latest-news/wall-street-increasingly-favors-republicans-study

[OHdem10]

1. Sure they do--Republkicans did away Regulations and cut

taxes--over the past 8 years--and Wall Street brought down
the Financial System. Sure they want the Republicans, they
are craving another gambling binge.

When are some Democrats going to stand up and strongly
point out the Republican Taxcuts for the Richest Americans
did not create the jobs promised. The few jobs created
by this group were created in China, India, Tehran, Asia
and other cheap labor countries. (Top 2% Big Business and
Multi-Nationals.)

No surprise Wall Street wants their old freedom given
to them by GOP.

[doc03]

2. According to Jim Crammer Obama got more money from

Wall Street than McCain. I believe Crammer was also an Obama supporter, he said you can't even mention Obama's name around Wall Street today without them going into a tirade about him being anti business.

[DFW]

3. Republicans turn a blind eye to all white collar criminal offenses

Wall Street money flowing to them is seen on Wall Street as nothing more than legal fees in the form of preventive medicine.

[T Wolf]

4. The money they invested in Obama and the Dems paid off thousands (or millionons) of times over with

the watered down financial "regulation" and bogus health insurance reform. They got what they paid for - killing any progress on these issues.

As a bonus, they got most of Idiot Amerika to blame the Democrats for such shitty legislation.

Now they can go back to fully funding the pukes.

Mission accomplished.

[L0oniX]

5. Useful fools. n/t