Obama’s ties to Wall Street donors could complicate Democratic plans to paint Republicans as puppets of the financial industry, particularly in light of the Occupy Wall Street protests that have gone global over the past week.
Allahpundit
HotAir.com
10/20/2011
The story’s a day old but it’s not to be missed. How much filthy “bankster” lucre are we talking about here? Put it this way: He’s raised more than twice as much for himself and the DNC as Romney has … from Bain Capital.
Remember, this is a guy whose campaign is asking artists to work for free while he’s busy posing for photos with tycoons and carrying off giant sweepstakes-sized donation checks. I almost admire him for having the stones to try to frame himself as Occupy Wall Street’s new best friend.
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 of the 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…
Obama has raised a total of $15.6 million from employees in the industry, according to the Post analysis. Nearly $12 million of that went to the DNC, the analysis shows.
Romney has raised less than half that much from the industry, while Texas Gov. Rick Perry brought in about $2 million. No other Republican candidate has raised more than $402,000 from the finance sector, which also includes insurance and real estate interests.
In other words, O and the Dems have a structural advantage right now because he can raise money for the DNC whereas the RNC can’t get help from a candidate until Republicans choose a nominee…
The article continues, with video, at HotAir.com
Related: Black Economist Thomas Sowell: Herman Cain ‘One of Us’ More Than Obama
The article continues, with another video, at The Blaze.
