Banksters Turn against Obama

by Randy Shannon

When the banksters wrecked the economy in 2007, they jumped on the Obama campaign bandwagon in hopes of saving their positions of power in the economy and the government.

They were able to achieve a lot of their objectives under Obama, but not all of them. The Consumer Protection Act and Obama’s attempt to liquidate Citibank rubbed the banksters the wrong way.

Now, the banksters want more than Obama can deliver. As the story below reveals, they have executed an about-face and are throwing their money at Romney.

If Obama is re-elected the banksters chance for a double down on their economy-wrecking program may be at risk. If Obama is elected there will be a real struggle to save Medicare and Social Security from the cuts the banksters have planned.

It will take an aware and energetic voter turnout to beat the banksters in a presidential election. The big money is on Romney but the people will decide.

Goldman Sachs Leads Split With Obama, as GE Jilts Him Too

By Jonathan D. Salant – Aug 9, 2012 10:10 AM ET

Bloomberg News

Goldman Sachs Group (GS) employees have changed to red from blue.

Four years ago, employees of New York-based Goldman gave three-fourths of their campaign donations to Democratic candidates and committees, including presidential nominee Barack Obama. This time, they’re showering 70 percent of their contributions on Republicans.

That’s the biggest switch among the 25 companies whose employees have given the most to candidates and parties since 1989, according to data through June 30 compiled by Bloomberg from the Center for Responsive Politics, a Washington-based research group that tracks campaign donations. Goldman isn’t alone; 13 of the companies’ employees are now giving more to Republicans after backing Democrats four years ago.

Continue reading Banksters Turn against Obama