Wall Street ‘Likely To Set Records’ For Political Spending Aimed At Defeating Obama In 2012 | AlterNet: “With Wall Street profits and bonuses falling and big banks cutting jobs right and left, it seems that the financial services sector would be scaling back its free-spending ways.
But, according to a Center for Responsive Politics analysis, they likely to set records in 2012 on political spending — the bulk of which is aimed at defeating President Barack Obama and electing Republicans opposed to the Dodd-Frank financial regulations enacted to address the sector’s 2008 meltdown.
It seems Wall Street has had its feelings hurt by the Obama administration’s increasingly vocal support for policies that benefit the other 99 percent, and as a result, the financial industry is giving heavily to Republicans and, in particular, former Massachusetts Gov. Mitt Romney (R). Politico reports”
‘via Blog this’
So come on Wall Street. Every evidence you bring will be a nail in the coffin of the timid and insipid capitalism you represent. Obama is much closer to authentic capitalism, the actual expansion of production and wellbeing. Send your dollars to Mitt and share in the shame of the campaign your money will pay for.
