Comments Subscribe to Personal Liberty Digest™ News Feed Subscribe to Personal Liberty Digest™ 

Obama Loses Favor With Wall Street

September 30, 2011 by  

Obama Loses Favor With Wall Street

The Los Angeles Times reported on Friday that President Barack Obama has lost favor with many big-name Wall Street campaign contributors that were major money-makers in his 2008 Presidential bid.

According to the article, Wall Street campaign contributors appear to favor Republican Mitt Romney. The former Massachusetts Governor and businessman held a sold-out breakfast fundraiser at the exclusive Essex House hotel Tuesday and before that had breakfast with one of the biggest names on Wall Street, JPMorgan Chase & Co. CEO Jamie Dimon.

According to the article, even with the support of big-name financial tycoon Warren Buffet, Obama has had trouble selling $10,000 a plate spots at fundraisers in New York City’s financial hub.

Ben LaBolt, a spokesman for the Obama campaign, said Romney’s efforts to win over the finance industry are not a surprise, according to the report.

“It’s no surprise that the Romney campaign is raising money from Wall Street by saying they want to repeal consumer protections and allow Wall Street to write its own rules,” he told the Times.

Obama has also taken steps to improve relations with financial leaders. Last January, he hired a JPMorgan executive, William Daley, to be his chief of staff. The President has also invited top financial executives to the White House for conversations about the economy.

Filed Under: Conservative Politics, Government, Liberty News, Staff Reports
Sam Rolley

Staff writer Sam Rolley began a career in journalism working for a small town newspaper while seeking a B.A. in English. After learning about many of the biases present in most modern newsrooms, Rolley became determined to find a position in journalism that would allow him to combat the unsavory image that the news industry has gained. He is dedicated to seeking the truth and exposing the lies disseminated by the mainstream media at the behest of their corporate masters, special interest groups and information gatekeepers.

Facebook Conversations

Join the Discussion:
View Comments to “Obama Loses Favor With Wall Street”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

  • s c

    Claire, Obummer may have helped a select list of “friends” who would later repay that ‘kindness’ with huge donations in the next election. As for Wall Street in general, there are a lot of potential brown-nosing suck-ups left to replace ones that may have second thoughts about continuing to support The Anointed Loser.
    Remember, Obummer counts people like Warren Buffet, Bill Gates and George Soros (and many others) as ‘buds.’ Anyone who has filthy rich “friends” can’t afford to turn his back on Wall Street. Obummer’s supposed disdain for Wall Street is hype. Money talks, and Obummer knows how to listen when it comes to MONEY or easy VOTES (illegals, lemmings, fellow-travelers, etc.).
    How he communicates with dead voters is beyond me, but that’s another matter.

  • http://deleted Claire

    Correct me on this, but didn’t Obama help bail out Wall Street? Wall Street and its speculators is another example of debatable character.

blog comments powered by Disqus

All Categories

Bottom