Barack Obama Declares War on Wall Street… One-Third of His Campaign Funds Come From Wall Street

There’s an old expression… Don’t crap where you eat.
Barack Obama attacked banks today in his latest push to raise taxes.
Business Insider reported:

One-third of the Obama re-election campaign’s record-breaking second-quarter fundraising came from sources associated with the financial sector, the Washington Post reports.

That percentage is up from the 20% of donations that came from Wall Street donors in 2008, and contradicts reports that a growing Wall Street animosity towards the Obama administration may jeopardize his re-election bid.

Obama’s $86 million haul set a record for incumbent fundraising at this point in an election campaign. While the campaign has downplayed the larger donations by emphasizing that the average donation was $69, it also released a list of contributions by “bundlers;” those who can “bundle” more than $50,000 in contributions from friends, relatives and business associates.

No wonder his fundraiser last week in New York City was a bust.

You Might Like