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Wall Street "In On the Game"
by Rhonda J Mangus | June 6, 2008 at 05:14 am | 250 views | 5 comments
According to senior writer, Alexandra Twin, CNNMoney [former] Republican-friendly Wall Street is backing Senator Barack Obama.
And that's what is giving Obama an edge over Republican challenger John McCain, said William Rutherford, president of Rutherford Investment Management and former State Treasurer of Oregon.
The sentiment switch comes even as, from a policy standpoint, many Wall Streeters prefer what McCain has so far espoused. And that speaks volumes.
"I think investors are saying they think the Democrats are going to win and they want to be on the winning side," said Rutherford.
The securities industry has already contributed nearly $8 million to Obama's campaign versus just over $4 million to McCain, according to the Center for Responsive Politics. That reflects a new trend this election season. Should the pace hold up through November, it would be the first time this has happened in a presidential election since the early 1990s.
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June 6, 2008 at 05:14 am by Rhonda J Mangus, 250 views, 5 comments
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Rhonda J Mangus
North Tonawanda, New York, United States
ESKCSG
Denver, Colorado, United States
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Comments (5)
at 05:32 on June 6th, 2008
Rhonda J Mangus, I like this story. It's good stuff, although I disagree with the premise of the highlighted material. One swallow does not a spring make, and I think a few contributors here and there, and one writer's personal opinions about those contributors, do not make a tsunami of Republicans for Obama.
I truly believe examples like what you highlighted are part of the continuing media campaign for Obama. Now they're out to prove that Obama is really Republican and Republicans support him, too.
So I thank you for bringing this to the table to discuss.
at 05:43 on June 6th, 2008
Pep, you are welcome and thanks for the Flag! I suppose all is "fair" in this game. I do think it is important however to know who is backing who -- it speaks volumes!
at 09:31 on June 6th, 2008
I am having an extremely difficult time with uploading photos, and apologize for the multiple photos of Senator Obama which, I think, I have removed. Also, in error, I removed an uploaded video by another member. Please feel free to re-upload. Thanks!
at 12:54 on June 11th, 2008
Rhonda J Mangus, I like this story. It's good stuff.
That's great news. Much better than McCain's addiction to illegal lobbyist funding.
Thanks for sharing!!!
at 13:01 on June 11th, 2008
ESKCSG, you are very welcome! Thanks for stopping by, the photo, and the Flag!