11 August 2012

Goldman Sachs Leads Revolt as
Wall Street Turns on Obama

Romney 'is one of their own, and Obama 
has been attacking the way they make money'

Wall Street turns on Obama
Maybe it comes as a shock to Dear Leader -who expects everyone to march behind him in lockstep right over the precipice- but most of the rest of us could see it coming in the wake of the Team Obama's ill-advised war on capitalism:
Wall Street employees are switching-over to Romney in droves... and the revolution is being lead by none other than former supporter Goldman Sachs:

Four years ago, employees of New York-based Goldman gave three-fourths of their campaign donations to Democratic candidates and committees, including presidential nominee Barack Obama. This time, they're showering 70 percent of their contributions on Republicans.

That's the biggest switch among the 25 companies whose employees have given the most to candidates and parties since 1989, according to data through June 30 compiled by Bloomberg from the Center for Responsive Politics, a Washington-based research group that tracks campaign donations. 

Goldman isn't alone; 13 of the companies' employees are now giving more to Republicans after backing Democrats four years ago.

"A switch in party preference of this magnitude is virtually unheard of among major companies with an established presence in Washington," said Rogan Kersh, provost at Wake Forest University

Wall Street turns on Obama
Yet the only firm with a Wall Street presence that has seen a more surprising change in sentiment would be GE: although the company has made out like bandits in the crony-capitalist Obama era (CEO Jeffrey Immelt is an official WH adviser/chairs a 'recovery' board) and even set-up MSNBC as a shrill Obammunist propaganda organ, General Electric employees are running-away from Obama as fast as their wallets can carry them- 63% have already made donations to the Republican nominee, where last time it was 66% for Obama.

Actually, Goldman Sachs employees are the biggest source of 2012 donations to Romney, giving $636,08 as employees of financial firms account for 8/10 of Romney's top 10 sources of campaign cash- while none are among Obama's top ten donors.
Wall Street turns on Obama
NY Magazine   Bloomberg   Wikipedia   h/t Speedunque

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