Financiers Switch to GOP

[Viva_La_Revolution]

Source: wsj

Hedge-fund managers made a big bet on Barack Obama and other Democrats in 2008. Now, with the 2012 contest gearing up, some prominent fund managers have turned their backs on the party and are actively supporting Republicans.

Daniel Loeb, founder of Third Point LLC, was one of the biggest Obama fund-raisers in 2008, rounding up $200,000 for him, according to campaign-finance records. In the decade prior, Mr. Loeb and his wife donated $250,000 to Democrats and less than $10,000 to Republicans.

But since Mr. Obama's inauguration, Mr. Loeb has given $468,000 to Republican candidates and the GOP, and just $8,000 to Democrats. Hedge-fund kings have feelings, too, and the president appears to have hurt them.

"I am sure, if we are really nice and stay quiet, everything will be alright and the president will become more centrist and that all his tough talk is just words," Mr. Loeb wrote in an email about four months ago expressing frustration with the president's posture toward Wall Street. "I mean, he really loves us and when he beats us, he doesn't mean it." The email, sent to eight friends, was widely circulated on Wall Street.

Read more: http://online.wsj.com/article/SB10001424052748703461504576231121265117538.html?mod=e2tw

[Autumn]

1. bad investment all the way around.

:rofl: :rofl: :rofl: :rofl:

[plumbob]

2. What?? sumthin' about beatin' meat?? huh???

I can never say what I really thing of hedgers; there's some sort of laws on the books about that........

[JHB]

3. No one could possibly have predicted this.

:sarcasm:

Not the spin/perspective: hedge-fund managers consider their views "centrist".

[Enthusiast]

4. Is this evidence that Obama and the Democrats

are finally on the right track? I believe this would make an effective TV campaign commercial.

[lsewpershad]

5. These guys

"money starved pricks" only care about how much is in it for them. why am not surprised.

[Tesha]

6. They got what they wanted from certain idiot Dems, but now they're headed back to...

...their *REAL* friends.

Tesha

[fredamae]

7. Well, then...Good "on ya" Mr President!

When you piss them off that bad..that's Good news for you...and the rest of us.
"They" just refudiated...or repudiated...everything the cons are saying about you and the "W/S love affair"..you just got dumped by the bullies:)

[loudsue]

8. This is only going to get worse and worse. The hedge fund managers are GAMBLERS

And they're gambling that they'd better be in the pockets of the ones who are going to be in power from now on. Since the supreme court ruling allowing never-ending contributions from foreign and domestic CORPORATIONS in elections, the gamblers KNOW that those who will be LEAST LIKELY to try to regulate how much tax money is spent on corporations...that's the party who will win from now on.

It's a good gamble on the part of the hedge fund managers.

[Gin]

10. hmmm....could they be manipulating the market to hurt Obama?

gin

[DJ13]

9. Does this mean Obama can stop pandering to them?

Or will this only make him pander even more?

[patrice]

11. Kick!

[Turborama]

12. Duplicate

It was already posted here: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4827525

[MrTriumph]

13. Watch for Dems seeking reelction at all levels to stay distant from Pres. Obama

With gasoline at $4/gallon and unemployment over 8%, if renominated, Pres. Obama will find little support from fellow Democratic office holders.

Notice how critical US House Democrats have already been of Pres. Obama.

[patrice]

15. Playing right into the HEDGE-FUND managers' hands. nt

[patrice]

14. Republicans should be asked outright & OFTEN if they are taking this money & each one

who is should be regarded as a Trojan Horse from hostile foreign powers seeking control of American assets.