Monday, April 26, 2010

The Democrats Are The Real Party of Wall Street

5 comments:

Dave Splash said...

Let's not let facts get in the way of a nice Dem-bashing, eh? From the "liberal" Wall Street Journal:

"For the first time since 2004, the biggest Wall Street firms are now giving most of their campaign donations to Republicans.

A Wall Street Journal analysis of 12 large financial services companies, including J.P. Morgan Chase & Co., Goldman Sachs Group Inc. shows that they have collectively made $1.4 million in political donations, with 52% going to Republicans so far this year. That’s a reversal from last year, according to the most recent round of fund-raising reports covering January, February and March. [...]

The change of allegiance comes as Congress closes in on legislation that would overhaul financial services regulations. Democrats back an aggressive bill that has been so far blocked in the Senate by Republicans."


Nice try, though.

T. Paine said...

Dave, I would not doubt that companies are all of sudden giving more money to the Republicans because the Democrats have been lambasting them for so long, they have nowhere else to go to protect their intererts. That doesn't mean that prior to very recent times, that contrary to liberal claims otherwise, the big bucks from a lot of these companies went to the Democrats.

Heck, Goldman Sachs gave more money to Obama than Enron ever gave to George Bush, but you don't hear hardly a peep about that in the state-run media!

Dave Splash said...

Then, if Wall Street is looking to the Republicans to "protect their interests" as you say, then I guess the Democrats are looking after the people's interest.

In this case, we agree.

T. Paine said...

It is funny how often "business" and "people" have overlapping interests, Dave. This is escpecially true when the nemesis of both is big government as is embodied by the Democrats and the Obama administration, sir.

lisa said...

That's right Paine the democrats are looking after the governmnet and union interests in the guise
"do good" bills like health care and Cap and Trade.