Mr. Sensitive

September 14, 2012

What Else Do You Need to Know, America?

Filed under: Uncategorized — lbej @ 13:24

In the 2008 election cycle, Obama raised more money on Wall Street than McCain; this time around, Romney has received more than three times as much money from Wall Street campaign donors than Obama has.  On the four-year anniversary of the Lehman bankruptcy and subsequent Wall Street bailout, I can’t think of a better ratio to show the American people to prove Romney is their enemy.  If the Wall Street banksters think Romney’s three times better for them, that means he’s three times worse for the rest of us.

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3 Comments »

  1. I think you know I agree with your conclusion here. But does it follow, then, that McCain would’ve been worse for banks (and better for the rest of us) than Obama? Or was it that in 2008, the banks assumed Obama would win and so therefore decided to buy his loyalty in advance? Whatever the intentions, I think it worked out pretty well for them for the past four years, but that they know that a second term Obama might not be quite so willing to bend to their will as a first term Obama was.

    Comment by Jill Williams — September 14, 2012 @ 13:47 | Reply

    • Having been in the middle of it in 2008, I’d have to say most bankers didn’t know from day to day if they were about to get the call to clean out their offices in the middle of the night, Lehman-style, let alone which candidate to support. Bankers may have actually ignored business interests for once, as the business was circling the drain just then. Of course, once the markets stabilized, they got back to fighting regulation just as vigorously as ever. Personally, I don’t think McCain likes the banks any more than Obama does, and maybe less, but it’s hard to see a Republican being tough on big business in any form.

      Comment by lbej — September 14, 2012 @ 14:20 | Reply

      • Interesting. Hadn’t thought about it that way. Makes sense.

        Comment by Jill Williams — September 14, 2012 @ 14:42


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