As usual, rhetoric…
“The protesters are giving voice to a more broad-based frustration about how our financial system works,” President Obama said last week when asked at a news conference about the “Occupy Wall Street” events.
…is trumped by reality.
New figures show President Obama continues to pull in huge donations from the financial sector, with more money from Wall Street this year than all other Republican presidential candidates combined. According to the Washington Post, Obama has raised a total of $15.6 million from banks and other financial firms, with nearly $12 million of that going to the Democratic National Committee. Republican frontrunner Mitt Romney has raised less than half that much from Wall Street, around $7.5 million. A top banking executive and Obama fundraiser told the Washington Post that reports of Wall Street antagonism toward Obama “are exaggerated and overblown … [but] it probably helps from a political perspective if he’s not seen as a Wall Street guy.” [italics mine]
[Thanks to Brennan Lester]8:08 am on October 24, 2011 Email David Kramer