Big Money follows the tide

Submitted by b psycho on Tue, 2007-07-24 00:46.
Sign #412455 that the Republican Party is collapsing under the weight of Bushism: Wall Street is supporting Democrats...
 

Wall Street -- often thought of as a bastion of Republican ideals -- is leaning toward Democrats these days.

As campaign contributions pour in to the 2008 presidential race, employees at some of the nation's largest banks and investment firms are deciding more often than not to write out big checks to Democratic candidates.

Workers at Goldman Sachs, Citigroup, Lehman Brothers and elsewhere are putting their cash behind Hillary Clinton, Barack Obama and John Edwards over the Republican front-runners, according to an analysis of Federal Election Commission filings by ABC News.

At Goldman Sachs, the largest of the firms, employees donated $542,000 to the top three Democrats and the top three Republicans from Jan. 1 through June 30.

More than 63 percent of those dollars went to Democrats, with Obama getting the bulk of that cash  $184,750, according to the ABC analysis.

Don't be mistaken -- there are still plenty of Republican supporters on Wall Street. But, for the first time in more than a decade, Democratic donors outnumber those supporting Republicans. (emphasis mine)

Of course, they wouldn't be donating to Democrats -- or any politicians in general -- if they didn't think they could get favorable treatment.  What do I think of Big Financial?  Take a wild guess... 

A warning

#4556 On Tue, 2007 07 24 00:51 b psycho said,

The blog entry of mine linked in the first two-word hyperlink near the end is probably not work-safe, due to a vulgar metaphor.