Goldman Sachs Leads Split With Obama, as GE Jilts Him TooThere are many stories in this Bloomberg piece. Here's two of them (my emphasis and paragraphing):
Four years ago, employees of New York-based Goldman gave three-fourths of their campaign donations to Democratic candidates and committees, including presidential nominee Barack Obama.So, two sentences, two stories:
This time, they’re showering 70 percent of their contributions on Republicans.
First, if Goldman is a proxy for Wall Street money, Obama was seriously bought by the banks in 2008. The payback — zero banking prosecutions, including for billionaire thief (and Obama fundraiser) Jon Corzine, who will never see a courtroom or handcuffs.
It's the way it works, folks. Obama is employed, a wage-slave, just like you and me. Meet his paymasters.
Second, the banks are now abandoning Democrats and financing Republicans (again, if Goldman is a proxy). All you need to know? The calculation is obvious — Obama will never turn against them if he wins; and the payback if Romney wins is huge. By backing one, they own both.
Doubt me? Care to bet that Obama stays bought if he wins in 2012, even without major bankster "backing"? (I know, sucker bet. Sorry.)
That takes you through the first two sentences of this fascinating piece. The next paragraphs establish that yes, Goldman is indeed a proxy for Wall Street, though a front-runner in the running-from-Democrats derby.
This, a little further down, teaches a different lesson:
Dallas-based AT&T Inc. (T) employees, who divided their contributions evenly between the parties in 2008, are now giving almost two-thirds of them to Republicans.If the first two points were the carrot, this is the stick. This is exactly why you can't have nice politicians; the people with the money have bought them all up.
Chairman Randall Stephenson gave $30,800 to the Republican National Committee in February -- his biggest donation in more than two decades -- six weeks after the Obama administration rejected a proposed merger with T-Mobile USA Inc.
There's a lot more in the article — GE, for example, 49%–owner of MSNBC, has turned against Team What, we weren't nice enough? as well:
Employees of General Electric Co. (GE) are giving 63 percent of their contributions to Republicans this year, almost a mirror image of their distribution in 2008 when Democrats received 66 percent of their donations."Employees" — this means corporate bigs, the kids with golden bonuses and bathroom keys. How do I know? 'Cause in a modern corporation that's where the money is. The corporate littles couldn't finance a dog-catcher race.
I can stop here. The article really is a good read, and there's more in it.
My goal is more modest, to bring you just what I brought you. I owe lunch to Wall Street and Bloomberg for making my job so easy. Thanks, fellas.
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