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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EVERY ONE that makes it far enough to get the nomination in any election REP.or DEM. that's happened IN THE LAST 20-30YEARS HAS SUCKED FOR ONE REASON OR ANOTHER !
But THATS IMO WE SEEM TO BE SCREWED YET AGAIN ! Dammed if we do and Dammed if we don't ?
The CRAZY Eyes will tell you who .
Romney 2011 taxes.
$4,000,000.00 charitable donation's.
$1,500,000.00 paid taxes.
Harry Reid.....Obama stooge and habitual liar.
Joe Biden.....raving lunatic.
Democratic election campaign.....Zero facts to back up imaginary claims.
USA drops to number 17 in world economic strength, that's right....#17. So let's stick with obama's "blame game politics!"
We might not have to worry about who's fault it was very much longer.....because.....it appears that
The Middle east is on the verge of Armageddon.
Obama, possibly returning to whitehouse four more years, hey...no problem!
So, lets all keep buying into lies a little bit longer, and, we might not have to worry about it!
Please vote wisely, and don't let the media and poiltical hype control your vote. Take back control of your own mind.
P.S- there is no such word as obama in the spell checker........strange, isn't it!
OMG, what A thought-piece, campaign contributions go to the guy that has the potential to do you "solids" for the next four years, how astonishing.............
The headline should read, " Wall Street Lubes up Obama, for the A*@ Pounding They're About to Receive."
So glad we can all pay more in fees, and service charges, and more for everything we buy so these corporations can sponsor political A-holes, on either side.
Wall Street is made of people who won't bet on a loser. They will align with someone who can do them some good. 'Nuff said!
Romney is losing Wall St. to Obama ?
The headline is bass ackward. The correct headline should read: Wall Street is re-hiring Obama.
Why do you suppose the only thing improving in the economy is the Dow Jones?
Wall Street does not mess with success.
Da Balls, explain to me why a conservative would want a Republican in the White House.
Reagan and Bush's combined spending increases 6.8% and 7.7% annually, totaling 116%
Clinton with Obama's 8 year projection increases 3.5% and 1.4% annually, totaling 39.2%
Republican Presidents add more agencies, increases entitlements and increase our debt 3 times faster than Democrat Presidents do, so explain to me why I, a fiscal conservative, would want a Republican in the White House?
I got one of those polling calls last week. They asked a few questions and got to the nitty-gritty, and asked who I would vote for POTUS. I'm a staunch conservative, but I told the Obama, just to screw with em! I want Obamanauts to think he's got it in the bag.
Nothing more precious than watching liberals cry like babies when they lose elections
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