Romney Is Winning Bankers' Dollars

[TomCADem]

Source: Huffington Post

A new analysis by the Center for Responsive Politics finds that professionals from the finance, insurance and real estate sector are largely backing the former Massachusetts governor over the incumbent Democrat and Romney's rivals for the Republican nomination.

Employees (and spouses) from those industries have given Romney's campaign $7.5 million as of the third quarter of 2011 -- more than the seven other top GOP candidates and Obama received, put together. Obama has received $3.9 million; Texas Governor Rick Perry has received $2 million; none of the other Republican candidates took in more than $500,000.

And when it comes to five particularly big banks -- Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley -- Romney is also the clear favorite when it comes to contributions by their employees and their spouses.

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Contributions from the finance, insurance and real estate sector made up a whopping 23 percent of Romney's take. By contrast, another Center for Responsive Politics analysis found that less than 10 percent of Romney's total haul -- about $3 million -- was contributed by small-money donors, those who contribute $200 or less. Small-money donors contributed $41 million to Obama -- nearly half of all the money his campaign has raised.

Read more: http://www.huffingtonpost.com/2011/10/17/banks-romney_n_1016274.html

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It is amazing that Romeny has managed to collect more from Wall Street than all other Republicans candidates and President Obama combined. The Post Citizens United world is a scary place. The OWS protests are inspiring in that people are continuing to fight, and not give up, even as Republicans bash their efforts and woo the rich with complete impunity to moods of the American people. Tax the rich? I guess a President Romney could claim that his victory is a mandate to give more tax cuts, and repeal Obama era reforms like financial reform.

[TheWraith]

1. Romney is one of them. Quite literally.

He is the co-founder of a financial company. For Wall Street he'd be the next best thing to having Mike Bloomberg in the White House.

[mvd]

2. It's a great thing to use against him

Especially with Occupy Wall Street gaining steam.

[Demeter]

3. A Good Democratic Opponent Would Be Even Better

[DonCoquixote]

4. True

BUt at this point, any more dems entering will just ensure the GOP get the win, which ensures they get everything.