Tuesday, August 2, 2011

The Real Obama Supporters

Now that Obama has made it abundantly clear that he has no interest in the bottom 90% of the population, the question becomes: who are the real Obama supporters?

This bit from an article on MoneyNews.com identifies the die-hard, true-blue Obama supporters:
A just-released study by the Center for Responsive Politics shows that President Obama is relying more on Wall Street to fund his re-election this year than he did in 2008, according to CNBC, which obtained an advance copy of the report.

The report says that 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.

"Individuals who work in the finance, insurance, and real estate sector are responsible for raising at least $11.3 million for Obama's campaign and the Democratic National Committee," the report says.

And, all of Obama's “bundlers” — top fundraisers who obtain donations from people and groups in their business, professional, and personal networks — have raised a minimum of $34.95 million.

Obama has even added new Wall Streeters who did not work for him in 2008, including former Goldman Sachs CEO Jon Corzine, Evercore Partners executive Charles Myers, Greenstreet Real Estate Partners CEO Steven Green, and Azita Raji, a former investment banker for JPMorgan.

Obama and the DNC combined are on pace to far exceed the amounts Obama raised from Wall Street donors in 2008, both in raw dollar amounts and as a percentage of what he raises overall.
You can't serve two masters. If those who make billions and millions are in love with you and showering you with cash, your true supporters are the top 1%, not the bottom 90%. You can' please the "we need more tax cuts" crowd while trying to preserve social programs like Social Security and Medicare.

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