Tuesday, April 20, 2010

Obamanomics: Wall Streeters Wise Up

FACTBOX-Wall St shifts campaign support to Republicans
WASHINGTON, April 20 (Reuters) - Major Wall Street banks sharply increased their campaign spending for Republicans in Congress during March, while scaling back support for Democrats, according to official U.S. government documents.
As the Senate financial reform debate and the 2010 election campaign both gathered pace last month, political action committees for five institutions set aside $167,500, or 62 percent of their campaign spending, for Republican candidates and other party beneficiaries.
By contrast, Democrats got 38 percent, or a combined $104,500.
Newsbrief snipped from inside my online brokerage account site so I can't give you a link back. But you get the picture.

You may recall my comments on the sheer dumb-ness of rich Wall Streeters who partied away "making history" by voting for Barack Obama. These fat cats, who employ countless numbers of attorneys, analysts, accountants, you name it--never bothered to utilize this vast fleet of professionals to discover what the lazy, fashionably socialist media was loathe to reveal: a "community organizer" is a Marxist agitator.

With this simple sin of omission, Wall Streeters slit their own throats. Hence, the continued attacks on capitalism, most notably investment bankers. What do you expect from a post-colonialist, Marxist administration and an equally Marxist Congress, so committed to the Party that they're willing to sacrifice their cushy jobs to jam in socialized medicine?

Noting the headline above, it appears that Wall Street's Rip Van Winkles have, er, collectively woken up and smelled a rat. Better late than never, I guess. Things seem to be going in the right direction now, funding-wise. Can you say "change"?

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