Chastened Wall Street executives donate to Romney this time

Rick Moran
The Hill is reporting that dozens of Wall Street executives who gave money to Barack Obama in 2008 are donating to Mitt Romney in 2012:

Dozens of Wall Street executives who supported President Obama in 2008 have donated to Mitt Romney's presidential campaign this year.

According to a review of fundraising data, 67 people who work in the financial sector and live in the New York City metro area gave to Obama in 2008 and the former Massachusetts governor in 2011.

The reversals come in the wake of Obama's tough rhetoric on Wall Street, most notably last year when the president was pushing Congress to pass what became known as the Dodd-Frank law.

The 67 individuals who live in New York, New Jersey and Connecticut donated at least once to Obama's 2008 campaign. They have since directed contributions amounting to more than $147,000 toward Romney's presidential campaign.

The crossover donors are employed by a large number of banks, private equity firms and hedge-fund companies, including Credit Suisse, the Blackstone Group, the Stanwich Group and Goldman Sachs.

Let's face it. Business people might be brilliant in finance, management, and organization. But they are ignorant about politics. They weren't the only ones who fell for Obama's song and dance, but more than most, they are responsible for his rise to power.

The question is - what lessons did they learn? Ponying up for Romney might not be the same as giving to Obama, but one could argue it is an equally egregious mistake to believe that the Mittster will be much better in the long run.




The Hill is reporting that dozens of Wall Street executives who gave money to Barack Obama in 2008 are donating to Mitt Romney in 2012:

Dozens of Wall Street executives who supported President Obama in 2008 have donated to Mitt Romney's presidential campaign this year.

According to a review of fundraising data, 67 people who work in the financial sector and live in the New York City metro area gave to Obama in 2008 and the former Massachusetts governor in 2011.

The reversals come in the wake of Obama's tough rhetoric on Wall Street, most notably last year when the president was pushing Congress to pass what became known as the Dodd-Frank law.

The 67 individuals who live in New York, New Jersey and Connecticut donated at least once to Obama's 2008 campaign. They have since directed contributions amounting to more than $147,000 toward Romney's presidential campaign.

The crossover donors are employed by a large number of banks, private equity firms and hedge-fund companies, including Credit Suisse, the Blackstone Group, the Stanwich Group and Goldman Sachs.

Let's face it. Business people might be brilliant in finance, management, and organization. But they are ignorant about politics. They weren't the only ones who fell for Obama's song and dance, but more than most, they are responsible for his rise to power.

The question is - what lessons did they learn? Ponying up for Romney might not be the same as giving to Obama, but one could argue it is an equally egregious mistake to believe that the Mittster will be much better in the long run.