Thursday, March 26, 2009

Wall St. Has Owned the Democrat Party for Years

Everything below is copied and pasted from Ann Coulter's latest column.

Democrats take care of the financial industry -- and the financial industry takes care of Democrats. After honing his financial skills as the bagman for Bill Clinton's White House, Rahm Emanuel was hired by the investment bank Wasserstein Perella, where he worked for 2 1/2 years.

For that, Emanuel was paid more than $18 million. (Maybe Rahm Emanuel was the Democrat livid at Schumer for preserving a sweet tax deal for hedge fund managers!)

Democrats have a beautiful system: They're showered with Wall Street money, but they also get to pillory Republicans for being the party of "Wall Street." The bankers don't care if Democrats attack them. They still get their bailout money.

.. . . . . . . . . . . . .

How did Republicans get saddled with Wall Street? Obama just got the biggest campaign haul from Wall Street in world history, and Republicans still can't shake the public perception that they are tied at the hip to Wall Street bankers who hate them.

It's as if National Rifle Association members conspired with Republicans to bankrupt the country and everyone blamed the Democrats for being shills of the NRA.

Maybe if the financial capital of the nation were located in Salt Lake City, rather than Manhattan, the financial community would support Republicans. But Wall Street is a street located in New York City.

. . . . . . . . . . . . . . .

Last September, The New York Times reported that individuals associated with the securities and investment industry had given $9.9 million to the Obama campaign, $7.4 million to the Hillary Clinton campaign and only $6.9 million to the McCain campaign. Either they're all Democrats or some commodity named "hope" was going through the roof last year.

Employees of Lehman Bros. alone gave Obama $370,000, compared to about $117,000 to McCain. (No wonder Bush let them go under.)

According to an analysis of Federal Election Commission records by the Center for Responsive Politics, the top three corporate employers of donors to Barack Obama, Joe Biden and Rahm Emanuel were Goldman Sachs, Citigroup and JPMorgan. Six other financial giants were in the top 30 donors to the White House Dream Team: UBS AG, Lehman Bros., Morgan Stanley, Bank of America, Merrill Lynch and Credit Suisse Group.

No comments: