Wall Street Switching Horses as Obama Comes Up Lame

[I AM NOT THAT GUY 5,715]

Why Has Wall Street Abandoned President Obama for Mitt Romney?

Wall Street threw its support behind Barack Obama in 2008, but this election cycle the tables have turned. Now, it's funneling most of its donations to Mitt Romney and conservative super PACs.

Employees in the securities and investment sector have donated $56.4 million to Republicans and $35.1 million to Democrats through individuals and PACs through May, according to the Center for Responsive Politics. It's a reversal from 2008, when they gave $96.6 million to Democrats and $72.2 to Republicans by the end of the election cycle.

In addition, Wall Street's donations to Super PACs have gone almost exclusively to conservative groups supporting Romney and the Republican party. According to CRP, the Street has given $43.7 million to Super PACs through June, and 89 percent of that money went to conservative groups.

http://www.wnyc.org/shows/moneytalking/2012/aug/17/

[mawilson 2,133]

Why Has Wall Street Abandoned President Obama for Mitt Romney?

Because he's just not that cool.