Saturday, August 6, 2011
By Paul Martin

By NWV News writer Jim Kouri
August 6, 2011

“When Americans hear President Obama denigrating Wall Street or bankers or the real-estate industry, they should know that he’s probably winking at them so they don’t become skittish. Or if they do believe he’s a power to be reckoned with, they are attempting to buy future influence,” said political strategist Mike Baker.

While vilifying and name-calling Wall Street executives as greedy Fat Cats who prey on the American people, President Barack Obama is garnering more Wall Street money than all of the GOP presidential candidates put together.

Although the financial industry hardly helped during his 2008 campaign, they are certainly funding his re-election campaign. During his heated run against Senator Hillary Clinton he campaigned as an outsider and an underdog. But now as the incumbent president, Obama has the Wall Street and banking industry executives lining up to pay homage and pay good money.

“One-third of the money Obama’s elite fund-raising corps has raised on behalf of his re-election has come from the financial sector,” according to a new Center for Responsive Politics analysis.

The Fat Cats who work in the finance, insurance and real estate sector are responsible for raising at least $11.8 million for Obama’s campaign and for the Democratic National Committee, according to the Center’s research. All of Obama’s bundlers have already raised about $35 million for Obama’s second juggernaut.

The Rest…HERE

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