In an effort to appease his Far Left Base, Barack Hussein Obama ‘s(mm mmm mmmm), latest Don Quixote-ish crusade (without the noble intentions) is Financial Reform. This poorly hidden quest for power began with the takeovers of Financial Institutions and GMC by Il Duce II. It has all the sincerity of a “blood feud” between Nature Boy Ric Flair and The American Dream Dusty Rhodes. (WOOOO!)
Scooter faces some problems in completing his Quixotic quest. First, Goldman Sachs, currently involved in a law suit with the SEC (great timing, huh?), was his second largest contributor. But his ties with them do not stop there:
According to OpenSecrets.com, those at Goldman Sachs were second only to the University of California in terms of being an Obama top donor. While the organization itself did not donate the money, such donations were made either through employees, owners, the immediate families of such members and/or through the organization’s PAC.
During the 2008 campaign, those at Goldman Sachs donated $955,473 to the Obama campaign. Morgan Stanley, though further down the list, still made the top 20 with a bundled donation of $485,823.
Mr. Obama has also dipped in the Goldman Sachs pool in making his presidential appointments. U.S. Treasury Secretary Timothy Geithner’s loyalty to Goldman Sachs has been an issue of contention and, upon assuming his post at the Treasury Department, he named Mark Patterson, a former Goldman Sachs lobbyist, as a top aide.
This is like a wrestling feud. The wrestlers have a bloody brawl and you see them later that night having pancakes together at IHOP.
As a result of Scooter’s (Soros’) plan for the Socialization of America, Democrats on Wall Street are, like a lot of other Obama voters, beginning to experience buyers’ remorse:
Just two years after Mr. Obama helped his party pull in record Wall Street contributions — $89 million from the securities and investment business, according to the nonpartisan Center for Responsive Politics — some of his biggest supporters, like Mr. Dimon (JP Morgan Chase CEO Jamie Dimon), have become the industry’s chief lobbyists against his regulatory agenda.
Republicans are rushing to capitalize on what they call Wall Street’s “buyer’s remorse” with the Democrats. And industry executives and lobbyists are warning Democrats that if Mr. Obama keeps attacking Wall Street “fat cats,” they may fight back by withholding their cash.
So, how far can Obama push Wall Street without losing a huge source of financial support for the Democrats?
From the Daily Caller:
The financial sector has given $11.1 million to the Democratic National Committee and its two congressional campaign committees so far this election cycle, compared to $7.3 million for Republicans, according to OpenSecrets.org. Goldman has given about 70 percent of its donations to Democrats this cycle and gave 75 percent of its $6 million in donations to Democrats in the 2008 election.
Republicans get their share, too, especially in the Senate where financial reform will be decided. Out of the $7.3 million given to the Republican campaign arms, the National Republican Senatorial Committee got $4.3 million.
It appears that Wall Street is hedging their bet. But, is this for real? They’ve always given some money to the Republicans. In the end, if there is a Financial Reform Bill passed, it will be smoke and mirrors. The Beltway Buffoons know which side their bread is buttered on. And just like a Professional Wrestling match, they’ll all go to the IHOP for pancakes afterward. Or, knowing them, probably the Beltway Country Club for a dry martini.
Sources: thebulletin.us, theatlantic.com, thedailycaller.com
I’m thinking Barry prefers Waffle House 😉
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Another government takeover poorly disguised as ‘reform’
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