Obama campaign attracts Wall Street money, despite tensions

[alp227]

So much for President Obama’s Wall Street problem.

About a third of the money his top fundraisers have brought in this year has come from the financial sector, suggesting that strained relations with Wall Street have not hurt the president’s ability to attract donations there for his reelection campaign, according to data released Friday by the Center for Responsive Politics.

The numbers represent a notable increase from 2008, when bundlers in the investment and banking arena accounted for about 20 percent of the total brought in by top fundraisers for Obama.

The data suggest that the president has been at least partly successful in stopping a shift in Wall Street contributions away from Democrats and toward Republicans over the past two years. Business leaders have frequently clashed with the White House over far-reaching new financial regulations, proposals to close tax loopholes for hedge-fund managers and other policies.

full: http://www.washingtonpost.com/politics/obama-campaign-attracts-wall-street-money-despite-tensions/2011/07/22/gIQApIugTI_story.html

report by CRP: http://www.opensecrets.org/news/2011/07/financial-sector-helps-barack-obama.html

[Wilms]

1. What BS. Obama is a two-termer. Of course they're going to donate.

Never mind the bail-outs and the bellyaching over "far-reaching new financial regulations, proposals to close tax loopholes for hedge-fund managers and other policies.".

Do you need Bernie Sanders to tell you how well the wealthy are doing? :shrug:

[DrToast]

2. Not surprising. Look at what the Teabaggers are trying to do the economy

[Creideiki]

3. Not surprising. It's payola for not prosecuting the people who crashed the economy

and made out like bandits.

[The Big Vetolski]

4. Obama was, is, and will be a creature of Wall Street. All of the

"misgivings" they had about him were just theater. Follow the money. Who has made the money under Obama? Wall Street. They love the guy.

[woo me with science]

5. Gee, what a surprise. nt