Following yesterday's miserable jobs report, we turn to the lighter side of things today. Hopey-Changey will give a jobs speech to a joint session of Congress next Wednesday Thursday, but that conflicts with the opening of the professional football season. Score one for Boehner and the Republicans! We are reassured that Obama's address will not conflict with the Packers/Saints game, so score one for the O-man and the Democrats!
Who could possibly agree with cynics who say America's politics reminds them of the childish games we see in high school grade school kindergarten? More to the point, we would like to know who is paying these children to get them to play nice. Who's bribing who?
Reuters reported on this crucial question in Wall Street cash shifts to Romney from Obama. Turn your propaganda filter on! Make sure the batteries haven't run low in your bullshit detector!
WASHINGTON (Reuters) - Wall Street money is heavily favoring Republican presidential candidate Mitt Romney in the race to unseat President Barack Obama, the latest signal of business unease with Obama's tenure and perhaps a bet on his re-election chances.
Romney, a co-founder of buyout firm Bain Capital, stresses his Wall Street acumen in his bid to win the Republican nomination to challenge Obama in the November 2012 election.
About a quarter of the $18 million Romney raised in the second quarter came from the financial sector, while 4.4 percent of the $48 million Obama's campaign raised came from that group, according to the Center for Responsive Politics.
Employees at the five biggest U.S. banks made the list of Romney's top 20 donors, while just Goldman Sachs made it onto Obama's contributor roll.
"Employees" at the five largest U.S. banks made Willard's list. Reuters explains the deal.
Companies themselves cannot give directly to candidates, but executives and political committees may do so.
Only Goldman Sachs is wise enough to play both sides, but considering that the White House is a wholly-owned subsidiary of this legendary House of Theft, these donations are mostly symbolic. Let's move on.
Wall Street money has been moving away from Obama and Democrats since 2010, in part fueled by Obama's harsh criticism of banks and financial overhaul legislation he signed last year, which banks say is burdensome.
These latest figures confirm that trend.
The data also may suggest who Wall Street thinks has the best chance of becoming elected, said Willis Sparks, who analyzes elections for investors at Eurasia Group.
"Wall Street is in the business of picking winners," he said. "There is some bet hedging going on right now about whether Obama can be re-elected."
Those who work for Goldman Sachs were Romney's biggest backers, giving about $293,000, while those with links to the investment behemoth gave Democrat Obama about $45,000, according to the analysis...
In all of 2008, Goldman employees were Obama's second biggest backer, giving him more than $1 million. The same group also was Romney's biggest 2008 donor with about $235,000 in contributions.
Wall Street is the business of picking winners. They sure are! But not in the benign sense that Willis Sparks no doubt intended. And did you catch the complete nonsense? Wall Street money is moving away from Obama and the Democrats, in part fueled by Obama's harsh criticism of banks and the financial overhaul legislation he signed last year.
Whenever I think about the Hopey-Changey, and his sidekick Timmy Geithner, former head of the New York Federal Reserve, that's the first thing that comes to mind—his unremitting harshness toward Wall Street. Jesus wept.
But despite the fact that Wall Street has spurned him, don't worry about the O-Man.
To be sure, Obama is not wanting for campaign cash. He raised $86 million in the second quarter through his campaign and the Democratic National Committee. Of that, his campaign brought in $48 million [the number cited above]...
Employees of cable giant Comcast Corp were the biggest givers to Obama's campaign. Comcast executive David Cohen is "bundling" funds for Obama.
[My note: not a relative of mine!]
Bundlers commit to raise big money, often between $50,000 and $500,000, for candidates. While not required by law, Obama released names of these heavy-hitters.
None of the major Republican candidates has revealed those names.
On the heels of its fairly epic fundraising totals, the Obama campaign provided some more insight into where the Obama Victory fund got the $86 million it raised last quarter.
A good chunk of it came from bundlers, super-donors who are very rich, max out their personal fundraising amounts, and then call on their wealthy friends to do the same.
You can check out the full list of Obama bundlers posted by the campaign here. The Sunlight Foundation, which tracks campaign spending, has posted the list with links to each donor's past giving history.
The breakdown: 27 bundlers raised more than $500,000, 41 pulled in $200,000-$500,000, 89 raised $100,000-$200,000, and 87 shook the trees for $50,000-$100,000.
The big names include Anna Wintour, Ari Emanuel, Jon Corzine and Jeffrey Katzenberg. All of have already raised more than a half-million dollars for Obama.
So follow the links above to check out the Bundlers List. Sorry, it's Democrats only. The Republicans are playing this poker game a little closer to the chest.
And remember, there's only 14 months to go before this election, which will surely be The Most Important Election Of All Time. And although your vote doesn't count for much, you can take solace in the fact that it will count in the final tally (except in certain parts of South Florida, Ohio, and Chicago). You will have done your duty in The Democracy! Carried out your civic obligation!
After all, American "consumers" don't pay for all those political ads on TV. They merely watch them.