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Wall Street Defects to Romney en Masse

He's out-fundraised Obama in the financial sector by a ludicrous margin

By Kevin Spak,  Newser Staff

Posted Jun 13, 2012 10:00 AM CDT

(Newser) – Wall Street is behind Mitt Romney, and it's quite literally voting with its dollars. Romney is clobbering President Obama when it comes to financial-sector donations, raising $37.1 million to just $4.8 million, Politico reports. That might not sound surprising given Romney's financial roots, but many of these donors used to back ... Obama. Nineteen such former Obama 2008 supporters have donated $4.8 million to Romney and his super PAC, while abandoning the president completely.

"There is so much dissatisfaction with the current president and his failed policies," said one ex-Obama donor. Another accused the president of engaging in "class warfare." Obama has indeed leveled attacks on America's wealthy. Yesterday he said Romney "seems to believe that if CEOs and wealthy investors like him are doing well, then the rest of us automatically do well." But he has also made plays for investor cash; this month he held a fundraiser at a hedge fund billionaire's Manhattan home.

Mitt Romney speaks during a campaign event at the military contractor Production Products on June 7, 2012 in St. Louis, Missouri.
Mitt Romney speaks during a campaign event at the military contractor Production Products on June 7, 2012 in St. Louis, Missouri.   (Getty Images)
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COMMENTS
Showing 3 of 130 comments
wasntme
Jun 15, 2012 12:23 AM CDT
Duh!!
shaboom
Jun 14, 2012 7:03 AM CDT
What are their  options? Reelect Obama, a dope who had his hands tied by mid-2009, and who has no plans but a holding pattern for 4 more years? We can vote for the current failure (Obama) or the next failure (Mitt Money).
cornelison
Jun 14, 2012 5:23 AM CDT
President Obama is NOT anti-business.  The President can NOT force Republicans into passing a jobs bill or an infrastructure bill. The unemployment rate is NOT high enough for the GOP.  They want a big catastrophe so the public will beg them to take over the country and put corporations in charge.  The only headache will be how to get rid of millions of Americans living on the streets.
 

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