U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reports.
The securities and investment industry gave 2 to 1 to Democrats in early 2009 but sent nearly half its donations to Republicans by year’s end, according to data complied by the Center for Responsive Politics for the Post.
The commercial banking industry and its employees gave nearly twice as much to Republicans during the last three months of 2009, the newspaper reported…
Obama drew a larger share of Wall Street financial backing than his Republican rival, John McCain, in the 2008 presidential campaign, according to the newspaper, and analysts noted the Democrats still pulled in more money overall than Republicans from Wall Street in 2009.
The shift toward Republicans came later in the year — as the financial reform debate heated up — and was most evident among commercial banks, which have traditionally tilted Republican, the report said.
The report cited JP Morgan Chase, headed by Obama supporter Jamie Dimon, as having scaled back its giving to Democrats.
“The bank and its employees, who doled out nearly $500,000 in federal contributions last year, went from giving 76 percent of the money to Democrats in the first quarter to giving 73 percent to Republicans in the fourth,” the newspaper said.
Face it. George W. Bush was an embarrassment to all but the most ignorant and bigoted Americans. John McBush wasn’t going to be enough of a change.
Wall Street types aren’t about to accept responsibility for their dedication to greed at the cost of nearly destroying the world’s economy. They will not readily accept oversight or honesty as necessary qualities for doing business.
They will dedicate every penny they can spare to returning their most obedient lapdogs to power.