Goldman Sachs Leads Revolt as Wall Street Turns on Obama

Reaganite Republican ^ | August 11, 2012 | Reaganite Republican

[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:

Bloomberg-

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

[Reaganite Republican]

*** PING ***

[TheLawyerFormerlyKnownAsAl]

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

Dimon is CEO of JP Morgan.

[fortheDeclaration]

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

[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.

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.

[sakic]

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

[wiggen]

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.

[Reaganite Republican]

“Dimon is CEO of JP Morgan”
__________________________

MY BAD, Al

Good grief

[circlecity]

"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.

[exit82]

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

[MNGal]

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

[silverleaf]

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

[reefdiver]

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

[RummyChick]

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.

[Manhattanite]

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.

[exit82]

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.

[Roccus]

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

[GraceG]

[arthurus]

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.

[sportutegrl]

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.