Posted by: Ann Corcoran | October 16, 2011

Obama is the biggest beneficiary of Wall Street campaign cash

I caught a bit of John Stossel this morning and saw a chart fleeting by on the screen showing that it is President Obama who by far has benefited the most from campaign contributions from Wall Street “fat cats.”    I tried to find the chart and couldn’t, but did see this article at The Daily Caller  last Monday which says the same thing (posted here in case you didn’t see it).

I wonder do those guys pooping on police cars in New York, know this?

No comment from the White House!

Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.

In 2008, Wall Street’s largesse accounted for 20 percent of Obama’s total take, according to Reuters.

When asked by The Daily Caller to comment about President Obama’s credibility when it comes to criticizing Wall Street, the White House declined to reply.

Then do you remember the outrage from Obama last week about those Bank of America debit card fees?

Being Wall Street’s campaign cash king is hardly the image President Obama has been trying to project in public, where he has been setting himself up as the champion of the progressive Occupy Wall Street movement and as the avenger of jilted Bank of America customers.

“Banks can make money,” Obama said last week, responding to questions during an interview with ABC News about Bank of America’s decision to levy a $5 monthly fee on debit card users. “They can succeed, the old-fashioned way, by earning it.”

In fact, the Sunlight Foundation, a nonpartisan watchdog group that tracks lobbyist spending and influence in both parties, found that President Obama has received more money from Bank of America than any other candidate dating back to 1991.

But, those Wall Street protesters (defecating on cars) are not likely to be swayed by the facts.


Responses

  1. […] never ceases to amaze me that the special interest big bucks go to the Democrats (like Obama and Cardin), yet they are always screaming about special interest money tainting politics.  Check […]

  2. Thanks for the link. I was looking for it, too.

    • You are welcome….

  3. […] “Herman Cain is the first presidential corporate spokes-candidate,” said Scot Ross, a liberal activist who leads One Wisconsin Now, which has often mocked AFP as a front group for corporate interests. “The best way to have your issues talked about in the issue debate is to have a candidate in your pocket with snappy comebacks and easily branded policy papers which mask how destructive they would be.”   [I guess Mr. Ross hadn't heard that Obama is the biggest recipient of corporate cash—ed] […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: