The Big Wall Street Banks Are Already Trying To Buy The 2012 Election

Wednesday, October 19, 2011
By Paul Martin

We are never going to restore legitimacy to our political system until we get the money out of politics. Typically, in federal elections the candidate that raises the most money wins about 90 percent of the time. In 2008, Barack Obama raised almost twice as much money as John McCain did. 3 of the top 7 donors to Obama’s campaign were big Wall Street banks (Goldman Sachs, JPMorgan Chase and Citigroup). Now Wall Street is doing it again. The big Wall Street banks are already trying to buy the 2012 election. So who do they want to win in 2012? Based on contribution patterns so far, the overwhelming favorite of the Wall Street banks to win in 2012 is Mitt Romney. The big Wall Street banks have given to Romney as pile of money that is more than 4 times larger than they have given to anyone else. Even though most Republicans really don’t want him, if history is any indication this means that Mitt Romney is going to be the Republican nominee for president in 2012.

Posted below are numbers from a recent analysis done by the Center for Responsive Politics. These numbers reflect monetary donations to presidential candidates by employees of these big Wall Street banks (and their wives) between January and September 2011.

As you can see, somehow Mitt Romney is at the top of each list by a wide margin. Clearly there is a “consensus” (some would call it a conspiracy) among the Wall Street elite that Romney is the man for the job.

The Rest…HERE

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