Wall Street backing Republicans in elections

[TomCADem]

Source: AFP

Financial firms have given Democrats a cold shoulder since President Barack Obama signed the financial reform legislation in July, says Dave Levinthal of the Center for Responsive Politics, which monitors election funding sources.

"Wall Street-related contributions took a dramatic shift towards the Republicans since the beginning of this year and it is no irony that financial regulatory reform was heating up at the same time," Levinthal said.

According to the center's study, Republican candidates received 34 million dollars in donations from the finance, insurance and real estate sector since January compared to 23 million dollars given to Democrats.

The Democrats' sweeping reform of the finance industry, which introduced new consumer protections, checks the power of big banks and fights deceptive practices by credit card firms, raised the ire of many on Wall Street.


Read more: http://www.google.com/hostednews/afp/article/ALeqM5judsEbCWrL4aJMxxABIfSOshIxpQ?docId=CNG.1624900b8550d6b71e2ddb76a14490d7.561

[Autumn]

1. Of course they are. I wonder if any of

our Democrats feel dirty or used?

[TomCADem]

2. We Will All Feel A Lot Worse After Corporate Coup 2010

Corporations are spending record setting amounts, and in some cases such as Proposition 23 in California, they are directly sponsoring voter initiatives to give them monopolies.

Election 2010 is just the tip of the iceberg. With the corporate media closing ranks, we will look back on Election 2010 as Corporate Coup 2010 with a Fox News controlled Tea Party serving as the Ministry of Information telling right wing activists what to think.

Grassroots and democracy is dead in a world where corporations control the avenues of communication unless we are willing to fight. Otherwise, it is long live astroturf.