Tag Archives: Barack Obama

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Obama raised more money from rich bankers than any Republican candidate

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From the liberal Washington Post.

Excerpt:

Despite frosty relations with the titans of Wall Street, President Obama has still managed to raise far more money this year from the financial and banking sector than Mitt Romney or any other Republican presidential candidate, according to new fundraising data.

Obama’s key advantage over the GOP field is the ability to collect bigger checks because he raises money for both his own campaign committee and for the Democratic National Committee, which will aid in his reelection effort.

As a result, Obama has brought in more money from employees of banks, hedge funds and other financial service companies than all the other GOP candidates combined, according to a Washington Post analysis of contribution data. The numbers show that Obama retains a persistent reservoir of support among Democratic financiers who have backed him since he was an underdog presidential candidate four years ago.

[…]One top banking executive who raises money for Obama and who requested anonymity to discuss fundraising efforts said reports of disaffection with the president “are exaggerated and overblown.” He said a strong contingent of financiers in New York, Chicago and California remain supportive of Obama and his economic policies, even as some have turned on him.

The Daily Caller explains how Barack Obama has received the most money from Wall Street bankers of all politicians in the last 20 years. (H/T Neil Simpson)

Excerpt: (with links removed)

In fact, the Sunlight Foundation, a nonpartisan watchdog group that tracks lobbyist spending and influence in both parties, found that President Obama has received more money from Bank of America than any other candidate dating back to 1991.An examination of the numbers shows that Obama took in $421,242 in campaign contributions in 2008 from Bank of America’s executives, PACs and employees, which exceeded its prior record contribution of $329,761 to President George W. Bush in 2004.

According to the Center for Responsive Politics, Wall Street firms also contributed more to Obama’s 2008 campaign than they gave to Republican nominee John McCain.

“The securities and investment industry is Obama’s second largest source of bundlers, after lawyers, at least 56 individuals have raised at least $8.9 million for his campaign,” Massie Ritsch wrote in a Sept. 18, 2008 entry on the Center for Responsive Politics’s OpenSecrets blog.

By the end of Barack Obama’s 2008 campaign, executives and others connected with Wall Street firms, such as Goldman Sachs, Bank of America, Citigroup, UBS AG, JPMorgan Chase, and Morgan Stanley, poured nearly $15.8 million into his coffers.

[…]Wall Street’s generosity to Obama didn’t end with his 2008 campaign either. Wall Street donors contributed $4.8 million to underwrite Obama’s inauguration, according to a Jan. 15, 2009 Reuters report.So far Wall Street has raised $7.2 million in the current electoral cycle for President Obama, according to the Center for Responsive Politics. Obama’s 2012 Wall Street bundlers include people like Jon Corzine, former Goldman Sachs CEO and former New Jersey governor; Azita Raji, a former investment banker for JP Morgan; and Charles Myers, an executive with the investment bank Evercore Partners.

It should be no surprise to anyone that Barack Obama voted for the $700 billion Wall Street bailout in 2008. He also supported extending the bailout powers of the federal government in 2010. Those are the facts.

News

Herman Cain leads in Ohio, Hawaii, Iowa, North Carolina, Nebraska, West Virginia

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The Cain Mutiny
The Cain Mutiny

From the Democrat Public Policy Polling firm.

Excerpt:

Herman Cain’s poll momentum is continuing for at least another week.  PPP surveys conducted over the weekend in Ohio and Hawaii find him with a large lead in both states.  That now makes 7 consecutive polls over the last 3 weeks- a national one and state polls in Ohio, Hawaii, Iowa, North Carolina, Nebraska, and West Virginia- that have found Cain leading the way.

[…]Tea Party voters continue to be the primary driver of Cain’s momentum. In Ohio he gets 46% of their support to 15% for Gingrich and 11% for Bachmann with Romney finishing all the way back in 4th place at 9%. It’s a similar story in Hawaii- there Cain and Romney actually tie at 30% each among non-Tea Party Republicans.  But with the Tea Pary crowd Cain gets a whooping 52% to 12% for Bachmann and 9% for Romney. These numbers represent a recurring theme in our polls- Romney doesn’t necessarily need to win Tea Pary voters but he sure needs to not lose them by 40 points if he hopes to win the nomination.

[…]The big loser in these polls is Rick Perry.  The low numbers of Republicans planning to vote for him is a concern but his even bigger issue is that GOP voters are now saying that they just flat out don’t like him. In Ohio his favorability is 40/42 with the primary electorate and in Hawaii it’s 36/40. His problem isn’t that Republican voters just like someone else better than him- it’s that at this point they don’t even like him at all.  He has some serious image rehabilitation to do to get back in this race.

[…]In addition to Cain the other candidate continuing to show some surprising momentum in Newt Gingrich. He gets a solo third in Ohio and a tie for third in Hawaii, and the numbers in the Buckeye State show the improvement in his image over the last 5 months.  When PPP last tested his favorability in May he was at 42/34 with primary voters. Now that’s improved to 56/32 and the only Republican with a better net favorability is Cain.

Results:

Poll Cain’s lead (%) Second place (%)
National 30 Romney 22
Ohio 34 Romney 19
Hawaii 36 Romney 24
Iowa 30 Romney 22
North Carolina 27 Romney/Gingrich 17
Nebraska 30 Gingrich 16
West Virginia 24 Gingrich 18

I wonder when the liberal Mitt Romney will be dropping out of the race? Perhaps he can go work for Obama, since he seems to agree so much with him.

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News

Why do conservatives accuse Obama of engaging in “class warfare”?

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From the left-leaning Politico. (H/T Dennis Prager)

Excerpt:

Obama has characterized Republican votes against his jobs bill — which are predicated, at least in part, over concern that new, temporary spending financed by tax increases will not help the economy — as a rejection of the most wholesome of American workers.

“They said no to more jobs for teachers, no to more jobs for cops and firefighters,” Obama said during a speech Wednesday to the administration’s Forum on American Latino Heritage, “no to more jobs for construction workers and veterans, no to tax cuts for small-business owners and middle-class Americans.”

But in these same remarks, Obama also subtly suggested something far worse — that his opponents are racially biased.

“I ran for president for the same reason many people came to this country in the first place,” he explained. “Because I believe America should be a place where you can always make it if you try, a place where every child, no matter what they look like [or] where they come from should have a chance to succeed. I still believe in that America. I believe we can be that America again.”

The clear suggestion is that someone has made this country a place where what a child looks like can hinder them — and Obama is the one who can erase the discrimination that has been permitted to return.

First lady Michelle Obama made this point more explicitly at a Washington fundraiser the night before.

“Will we be a country where opportunity is limited to just the few at the top?” the first lady asked. “Or will we give every child — every child — a chance to succeed, no matter where she’s from, or what she looks like, or how much money her parents [have]? Who are we? That’s what’s at stake here.”

Her suggestion that “what’s at stake here” in the 2012 race is whether a child will be judged by color is an outrage, implying that a Republican victory would result in discrimination.

Obama’s rhetoric has become increasingly shrill. I find it very alarming that the President of the United States is somewhere to the left of celebrity blowhards like Michael Moore. How does he expect to negotiate with people in good faith when he is constantly impugning their motives and caricaturing their policies?

In other news, Herman Cain, who is black, leads by 8 points in the Iowa Caucuses. Wouldn’t it be funny to see Barack Obama, who is only half-black, take on Herman Cain in a debate, and accuse him of racism? The rich, pampered Ivy-league ACORN trainer against the businessman with a Masters in Computer science from Purdue, whose mother was a cleaning woman, and whose father worked three jobs.