9/18/2012 6:27 PM ET|
Romney is losing Wall St. to Obama
Commentary: Ideology and policies matter, of course, but the investment community always goes with a winner.
When it comes to U.S. presidential politics, lose Wall Street and you've lost the election.
I know, I know. Many of you are going to call me liberal patsy, a mouthpiece for President Barack Obama. You're going to say I'm in the tank, a Democratic hack. Blah, blah, blah.
Whatever. You can disagree with me, but you can't argue with facts, and you can't dispute history. If it were the other way around, I'd call it as such.
The fact is, Romney is behind.
And history shows that, as a presidential election nears, Wall Street -- represented by the securities, banking, insurance and real-estate industries -- tends to go with a winner.
This doesn't mean that Romney, who made his career in private equity at Bain Capital, and Paul Ryan, who once championed turning a portion of our Social Security taxes over to personal investment accounts, aren't more ideologically in line with the financial industry. They are.
It doesn't mean that investors who support fiscally conservative principles have abandoned Romney in favor of Obama. They haven't.
What it does mean is that Romney continues to trail in key races. He's behind by at least five points in the critical swing states of Ohio, Florida and Virginia, according to a new round of polls. Wall Street wants to hedge its bets, buy some influence and be on the winning side. So, it has to make a choice: Support the loser or the winner.
Wall Street always goes with a winner.
It happened in 1996, 2000 and 2008. Presidents Clinton, Bush and Obama all saw a rush in contributions just before the election, according to Federal Election Commission data.
The closest to an exception to the rule was in 2004 when Democratic nominee John Kerry started seeing an increase in contributions from Wall Street in the final few weeks before the election. The reason? A tight race with an uncertain outcome. And, even so, President Bush was still outraising Kerry 2 to 1. It had been 3 to 1.
This year is shaping up to be similar. Romney has raised $28.6 million from finance, insurance and real-estate donors. Obama has raised $12.2 million through Aug. 21. But there's a lot of chatter about how the gap has narrowed since then.
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fool me once, shame on you... fool me twice, shame on me!!!
Its the liberal media, stupid!!! They are hard to beat, especially when they out number the "regular"media about 88 to 1. People are greedy and will favor anyone who gives them something free!
Obama has relaxed the rules so much for free benefits by executive order that more people went on disability than on food stamps last month. I know a lady that hasn't worked in over 20 years and she found the right lawyer who knows the right Dr and she now gets disability. What a country!!!
About 27% of the poptulatiuon is so dumb, not ignorant, but in their own little world, and not aware of the happenings around them to the extent they believe any thing they hear .
Civil War, No maybe Read the words from the Founding Fathers...
They have a view of Government, Tyranny, and Corruption by Banks and Corporations...
We have forgotten the Roots and Issues of the founding, Might be time for Revolution.
AND... Buy your 5.56mm NATO Rifle before Obama Outlaws them.
its real clear that a large number of DemoCrapic Sheep will follow ObamaNation off the Finanical Cliff and Distroy this great country..
Problem with a Democratic Republic is the PEOPLE MUST BE EDUCATED, and for 35+ years America has been getting DUMB, DUMB and DUMBER.....
Thanks to Jimmy Carter and the Dept of Education, another Democrat helping us all....
Then we have my Obimbo, who cant even lye correctly........
If you follow Obama he will d more DAMAGE to the US than you can ever believe..
I am liberal but not an OBAMA-NATION Sociaist Liberal............
If you think your better off now than 2008., you need a economics class and a good education...
No Bama in 2012
The Night Watchman
Once upon a time the government had a vast scrap yard in the middle of a desert.
Congress said, "Someone may steal from it at night." So they created a night watchman position and hired a person for the job.
Then Congress said, "How does the watchman do his job without instruction?"
So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies.
Then Congress said, "How will we know the night watchman is doing the tasks correctly?"
So they created a Quality Control department and hired two people. One was to do the studies and one was to write the reports.
Then Congress said, "How are these people going to get paid?"
So they created two positions: a time keeper and a payroll officer then hired two people.
Then Congress said, "Who will be accountable for all of these people?"
So they created an administrative section and hired three people, an Administrative Officer, Assistant Administrative Officer, and a Legal Secretary.
Then Congress said, "We have had this command in operation for one year and we are $918,000 over budget, we must cut back."
So they laid-off the night watchman.
NOW slowly, let that sink in.
Quietly, we go like sheep to slaughter. Does anybody remember the reason given for the establishment of the DEPARTMENT OF ENERGY during the Carter administration???
Didn't think so!
spent several hundred billion dollars in support of an agency, the reason for which no one�can remember!
It was very simple... and at the time, everybody thought it a very good idea and most appropriate.
The Department of Energy was instituted on 8/04/1977, TO LESSEN OUR DEPENDENCE�ON FOREIGN OIL withing THREE YEARS .
Hey, pretty efficient, huh???
AND NOW IT'S 2012 -- 35 YEARS LATER -- AND THE BUDGET FOR THIS "NECESSARY" DEPARTMENT IS AT $24.2 BILLION A YEAR. IT HAS 16,000 FEDERAL EMPLOYEES AND APPROXIMATELY 100,000 CONTRACT EMPLOYEES; AND LOOK AT THE JOB IT�HAS DONE!
(THIS IS WHERE YOU SLAP YOUR FOREHEAD AND SAY, "WHAT WERE THEY THINKING?")
34 years ago 30% of our oil consumption was foreign imports. Today 70% of our oil consumption is foreign imports.
Ah, yes -- good old Federal bureaucracy.
NOW, WE HAVE TURNED OVER THE BANKING SYSTEM, HEALTH CARE, AND THE AUTO INDUSTRY TO THE SAME GOVERNMENT?
Hello!! Anybody Home?
Signed....The Night Watchman
What Bible would Mitt Romney be sworn in on? Why will Mitt never wear a cross?
Are muslins and Moroms alike in any way?
Sooo, what time will the Civil war start on November 7th? Just curious, might need to pick up my dry cleaning before the first shot is fired.
BTW ... the liberal media, will have to eat crow once this election is all said and done? I'm sure a bunch will get fired for being so caddy and dispicable about these matters?? When it is all over ... the liberal media writers who are mostly in their 20s, will never recover from being so cocky when this election is still very much up in the air!! You know how most of these ..."can't lose" predictions come out?? With the guy making the prediction looking like an idiot!!
And looking for a job!!!
With the debt in this country, unpayable, and the economy continuing to sink which will make unemployment go up, gas prices go up and the debt go up so that people will finally conclude that the country is BKed ..... people and Wall St will realize that the economy is in such a huge mess and that Barry has no answers .... things for Obama will start to unravel very soon. Unfortunately for Obama ... the economy heading into the dumper couldn't come at worse time?? By the time the election rolls around ... people will have to look at the overall picture and will see that their future is screwed. So ... the mess that Obama has created will finally bite him in the **** at the worst possible time and just like Reagan/Carter ..... Romney will win in a landslide.
Take that to the bank!
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