Saturday, July 18, 2009

Does Wall Street Hate Capitalism?

What if  you discovered that the vet who takes care of your dog was Michael Vick? Would you think twice about bringing Fido back for his annual shots?

Or what if you discovered that your auto mechanic was a member of Greenpeace? Would you think twice about having him work on your SUV?

Of course you would. Just as, I hope, you would think twice about trusting your retirement savings to someone who secretly despised-- or simply didn't understand-- the free-market capitalist system that makes profits and prosperity possible.

Yet that, believe it or not, is exactly the position millions of Americans are finding themselves in today-- as they discover that Wall Street, far from being a stronghold of "rich Republicans" and "laissez-faire capitalists," is actually dominated by liberal Democrats who support, overwhelmingly, the prosperity-wrecking big-government policies of Barack Obama and his neo-socialists.

Think this is an exaggeration? Consider the following facts and statistics:

*According to an analysis of Federal Election Commission records by the Center for Responsive Politics, the 2008 Obama campaign received $12.6 million from Wall Street "Securities and Investment" firms versus McCain's $7.9 million.

*The top three corporate employers of donors to Obama, Joe Biden, and Rahm Emanuel were Goldman Sachs, Citigroup, and JP Morgan.

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

* Since 1998,the financial sector has given a total of $37.6 million to Obama, compared to $32.1 million to Mc Cain. But Obama ran for his first national office only in 2004. So Mc Cain got less from the financial industry in a decade that included two runs for president than Obama did in four years.

What's this all about? Well, you see, the financial industry takes care of Democrats-- and as we've seen in recent months, the Democrats take care of the financial industry. After all, it's a lot easier to get rich by taking money from taxpayers than to do it by choosing  consistently profitable investments for your clients.

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