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Obama is full of Wall Street money

Published: 20 October, 2011, 20:04

Barack Obama (Jay Paul / Getty Images / AFP)

Barack Obama (Jay Paul / Getty Images / AFP)

TAGS: Election, Politics, Corruption, USA, Corporate news, Banking, Culture, Economy, Finance


Barack Obama has remained mostly mum regarding Occupy Wall Street, but did tell reporters that he understands the frustration at “how our financial system works.” Bank industry bigwigs, however, have donated more to Obama than any GOP candidate.

Because the current commander-in-chief can raise money on behalf of both his own presidential campaign and the Democratic National committee, President Barack Obama has pulled in more donations from the financial and banking sector than any of Republican hopefuls vying to remove him from the White House, reveals a new report from the Washington Post.

According to The Post’s latest revelation, bank employees, hedge fund magnates and others in the finance sector have contributed more to Obama and the Democrats than any of the campaigns of the GOP candidates. Largely to thank, says The Post, is a number of Democratic financiers who aided Obama in his 2008 bid to reclaim the White House from the Republicans that still give money to Obama and the DNC today.

Between both his own campaign and DNC contributions, the president has been responsible for raking in around $15.6 million in contributions from the financial and banking sector. By comparison, Texas Governor Rick Perry, still considered to be in the top-tier of GOP candidates, has pulled in only $2 million from the same pool.

Speaking to RT only yesterday, trends analyst Gerald Celente said that the ties between the Obama administration and the financial sector are as clear as day, so the ongoing protests in Lower Manhattan that have spread across the world now have just as much of a reason to demonstrate in droves on Pennsylvania Avenue.

“Wall Street is Washington; Washington is Wall Street,” Celetnte told RT. “Who is the chief of staff of President Obama? Oh, that’s Bill Daley. Wasn’t he the VP of JP Morgan Chase?” asked Celente.

In regards to the relationship between the two, Celente added, “It’s the same club, it’s just a different division.”

That isn’t to say, however, that Wall Street is the main supporter of Obama or necessarily in cahoots with the Democratic Party. While Obama’s campaign committee has raised around 5 percent of its revenue from the finance and banking sector, Romney has relied on them for around a quarter of his campaign funding.

The Post adds that even in the case of Bain Capital, a firm co-founded by GOP hopeful Mitt Romney, Obama has managed to pull in $76,000 from three of the company’s donors; his Republican rival, on the other hand, has collected only half of that from a dozen and a half Bain bigwigs.

Doctor Cornel West was arrested over the weekend on the steps of the Supreme Court in Washington DC, where he said that the US government and big corporations need to be aware that our relationship is for secret in the eyes of the American public. Earlier this year he accused Obama of being “a black mascot of Wall Street oligarchs and a black puppet of corporate plutocrats.”

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MattJoey December 10, 2011, 01:43
+4

Not only money. Obama and the U.S. Government are full of sh**. Yes, with a capital S.

Free Loders October 24, 2011, 22:16
+1

Ophelia wrote in #7

One can't run the country in the best interests of its people, when they hold bankers and investors in his pocket.  BAILOUTS=NO BONUSES.  Pay back OUR money.


Ron Paul replies to School Loans

Okay all you ivy league economisters

read this and cry

Ophelia October 22, 2011, 18:01
+1

One can't run the country in the best interests of its people, when they hold bankers and investors in his pocket.  BAILOUTS=NO BONUSES.  Pay back OUR money.

END THE FED wrote in #6

he understands the frustration at “how our financial system works.” ========================================= The awkening has begun. Americans are clawing their way out of ignorance and are beginning to understand how the (un)Federal Reserve works. A year ago, the majority of people I spoke to had no idea the Federal Reserve was a private non-governmental organization that has the power tocontrol interest rates and the actual cash money supply. Congress (the People) should have that power, but in 1913 it was given to a bunch of slick, greedy thieves...like Paul Warburg, et al. The American people are beginning to understand how they are literally being robbed by their own government. The Greek bailouts have escalated. Stock up on ammo now, because it's coming to the United States. RON PAUL 2012!! And notice how Ron is so obviously black-listed by the mainstream media. I mean seriously OBVIOUS!!! They could give a shit about providing a 'balanced' news service, etc. and basically announce to everyone that they're nothing but a controlled propaganda machine for the money power/elites. If this isn't reason enough to vote for Ron Paul, then I don't know what is. And those thinking about Cain or whomever....what do you have to lose in voting for Ron Paul?? Nothing, and the establishment has EVERYTHING to lose by electing him.