Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Goldman Sachs Leads Revolt as Wall Street Turns on Obama
Reaganite Republican ^ | August 11, 2012 | Reaganite Republican

Posted on 08/11/2012 2:06:28 AM PDT by Reaganite Republican

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



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 non other than Jamie Dimon's (who's among Obama's most fervent supporters) 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


Seems Obama just stepped on Jamie's wingtips one too many times... and the bro-mance is over. Maybe he should have listened to fellow Obama supporter Mort Zuckerman when he snapped out of it and got back to reality a year or two back.

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.

_______________________________________________
NY Magazine   Bloomberg   Wikipedia   h/t Speedunque


TOPICS: Business/Economy; Government; Politics
KEYWORDS: campaign; donors; kenyanbornmuzzie; mittromney; obama; roanoke; romney; virginia

1 posted on 08/11/2012 2:06:50 AM PDT by Reaganite Republican
[ Post Reply | Private Reply | View Replies]

To: ken5050

*** PING ***


2 posted on 08/11/2012 2:13:28 AM PDT by Reaganite Republican
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganite Republican
non other than Jamie Dimon's (who's among Obama's most fervent supporters) Goldman Sachs

Dimon is CEO of JP Morgan.
3 posted on 08/11/2012 2:15:51 AM PDT by TheLawyerFormerlyKnownAsAl
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganite Republican

These are the little facts that don’t show up in the phony polls.


4 posted on 08/11/2012 2:31:34 AM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganite Republican
In any Marxist takeover in history, some of the first people to be sent to the Gulags or who are shot are the collaborators and useful idiots who facitltiated, agitated and fought to overthrow the old order and bring the Marxists into power.

Purging the duped useful idiots after the overthrow of the old order is Marxism 101.

At least the useful idiots on Wall Street who Put Obama in power are smart enough to realize that they have been had. Lucky for them this is the USA because if this had been one of many other countries they would be doing forced labor in some camp out in some desert or swamp or they would have been be shot as a class enemy.

5 posted on 08/11/2012 2:42:14 AM PDT by rdcbn
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganite Republican

The most corrupt company on the planet has switched their allegiance from Creep A to Creep B.


6 posted on 08/11/2012 2:57:10 AM PDT by sakic
[ Post Reply | Private Reply | To 1 | View Replies]

To: TheLawyerFormerlyKnownAsAl

A mistake like that ,since i had to read that sentence 6 times to be sure i read it right,destroyed the article. Its such a huge blunder i have to question if the writer knows anything at all about Wall Street.


7 posted on 08/11/2012 3:03:01 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TheLawyerFormerlyKnownAsAl

“Dimon is CEO of JP Morgan”
__________________________

MY BAD, Al

Good grief


8 posted on 08/11/2012 3:15:39 AM PDT by Reaganite Republican
[ Post Reply | Private Reply | To 3 | View Replies]

To: rdcbn
"In any Marxist takeover in history, some of the first people to be sent to the Gulags or who are shot are the collaborators and useful idiots who facitltiated, agitated and fought to overthrow the old order and bring the Marxists into power."

Yep, historically Revolutions eat their young.

9 posted on 08/11/2012 3:49:50 AM PDT by circlecity
[ Post Reply | Private Reply | To 5 | View Replies]

To: Reaganite Republican

All I can say is, thank you Wall Street Insider, for calling in your markers...


10 posted on 08/11/2012 3:55:11 AM PDT by exit82 (Pass the word: Obama is a FAILURE!! Democrats are the enemies of freedom!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: exit82

That was exactly my thought, also—the work of the Wall Street Insider.


11 posted on 08/11/2012 4:59:31 AM PDT by MNGal
[ Post Reply | Private Reply | To 10 | View Replies]

To: Reaganite Republican

so, when is “Wall Street” going to exercise some leverage over the lamestream obaMedia? Just a little discretion over advertsing dollars would be helpful.


12 posted on 08/11/2012 5:16:00 AM PDT by silverleaf (Age Takes a Toll: Please Have Exact Change)
[ Post Reply | Private Reply | To 1 | View Replies]

To: sakic

Nothing good comes from Goldman Sachs, Why does anyone care what they are doing?


13 posted on 08/11/2012 5:30:33 AM PDT by reefdiver (Shoeless John Roberts, An American Tragedy.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: exit82

FR does not like that guy running The Ulstermann report and doesn’t want it linked here. I have been trying to figure out if he was writing in such a way to be able to take credit no matter what happened.

For example, the recent article on the Fed Easing- so either way it goes Ulstermann could be right.

However, it seems to me he must have a source given the way old articles have turned out to be right.


14 posted on 08/11/2012 5:36:31 AM PDT by RummyChick
[ Post Reply | Private Reply | To 10 | View Replies]

To: Reaganite Republican

I had lunch in NYC with one of my friends last week who is now a very senior banker at GS. The “You didn’t build that” statement was the final straw for him. The shift away from Obama, especially given my friend’s background, is striking.


15 posted on 08/11/2012 5:57:10 AM PDT by Manhattanite
[ Post Reply | Private Reply | To 1 | View Replies]

To: RummyChick

RC,thanks— you are correct about the linking, so I don’t do it.

I have been reading it for almost a year, knowing the buzz about it being made up, etc.

But the inside scoop on the Bin Laden was verified a over a year later, and the truth was not on the radar then.

There are other things, like Fast and Furious, that have panned out as well.

Folks can make up their own minds about it. I disdain Democrats, but I hope there are those with influence within the Demon party, that see Obama for the danger he really is, and are trying to help defeat him.

WHI and WSI seem to be two of these people.

Someday, when the truth comes out about Obama, Bidem and their corrupt Communist regime, even we will be shocked about the depth of what went on, and the degree of damage caused.

Starting today, with the Ryan pick, the battle for America is on.

I’ll take help from wherever we can get it.

Best to you, RC.


16 posted on 08/11/2012 6:02:36 AM PDT by exit82 (Pass the word: Obama is a FAILURE!! Democrats are the enemies of freedom!)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Reaganite Republican
Inaccuracies aside, this might explain the Holder Just Us Dept’s decision to not prosecute GS.

http://www.forbes.com/sites/billsinger/2012/08/10/senator-levin-slams-department-of-justices-inaction-against-goldman-sachs/?feed=rss_home

17 posted on 08/11/2012 6:34:54 AM PDT by Roccus
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganite Republican
Photobucket
18 posted on 08/11/2012 6:55:34 AM PDT by GraceG
[ Post Reply | Private Reply | To 1 | View Replies]

To: Reaganite Republican

All this seems to be an indication that Wall Street really does believe that the kenyan is all about destroying the system that feeds Wall Street. Normally Business and Industry give the most to the politicians most likely to harm them in order to buy safety and better treatment. But if Business believes that buying safety appears no longer relevant or possible then the money will go to the politicians that oppose the destroyer. That is true desperation.


19 posted on 08/11/2012 7:06:59 AM PDT by arthurus (Read Hazlitt's Economics In One Lesson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: reefdiver

Wall Street bets on who they know will win. They sure didn’t support Obama because they liked his philosophy. This change is only interesting to me because apparently Wall Street thinks Romney is a lock. The only reason Obama got any money at all this time around is because he is still president and can grant favors while he was in office. In 2008, he got WS money because he was more willing to ‘deal’ than McCain.


20 posted on 08/11/2012 7:12:55 AM PDT by sportutegrl
[ Post Reply | Private Reply | To 13 | View Replies]

To: reefdiver

If Left or Right wins, Goldman wins. It’s the crime that keeps on giving.


21 posted on 08/11/2012 1:23:20 PM PDT by sakic
[ Post Reply | Private Reply | To 13 | View Replies]

To: reefdiver

If Left or Right wins, Goldman wins. It’s the crime that keeps on giving.


22 posted on 08/11/2012 1:23:44 PM PDT by sakic
[ Post Reply | Private Reply | To 13 | View Replies]

To: Manhattanite

Nonsense. Goldman always heads where they feel they can steal the most.


23 posted on 08/11/2012 1:25:47 PM PDT by sakic
[ Post Reply | Private Reply | To 15 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson