Wall Street's Big Money Is Betting On Biden.

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Nom De Plume
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Wall Street's Big Money Is Betting On Biden.

Post by Nom De Plume » Tue Aug 18, 2020 3:50 pm

President Trump loves talking about the booming stock market. It's not so clear Wall Street loves him back.

For the first time in a decade, deep-pocketed donors from the halls of finance are giving more money to Democrats than Republicans, according to the Center for Responsive Politics, a research group that tracks money in politics.

"This cycle is the first cycle we've seen in a while where the Democrats in the House and [former Vice President Joe] Biden and even to some extent the Democrats in the Senate are out-raising Republicans," says Sarah Bryner, research director at the Center for Responsive Politics.

Of nearly $800 million donated to politicians by securities firms, banks, real estate companies and their employees by June 30, slightly more than half went to Democrats.

That hardly ever happens. While Wall Street went big for Barack Obama in 2008, it switched back to the GOP following the passage of the Dodd-Frank financial overhaul bill and has been reliably Republican ever since.

https://www.npr.org/2020/08/17/90262642 ... ts-in-2020
Trump doesn't even have the support of Wall St.
What a hoot! Toot, toot!

:beer
"But you will run your kunt mouth at me. And I will take it, to play poker."

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Redneck
Posts: 6275
Joined: Fri Oct 03, 2014 12:28 pm

Re: Wall Street's Big Money Is Betting On Biden.

Post by Redneck » Tue Aug 18, 2020 4:01 pm

Nom De Plume wrote:
Tue Aug 18, 2020 3:50 pm
President Trump loves talking about the booming stock market. It's not so clear Wall Street loves him back.

For the first time in a decade, deep-pocketed donors from the halls of finance are giving more money to Democrats than Republicans, according to the Center for Responsive Politics, a research group that tracks money in politics.

"This cycle is the first cycle we've seen in a while where the Democrats in the House and [former Vice President Joe] Biden and even to some extent the Democrats in the Senate are out-raising Republicans," says Sarah Bryner, research director at the Center for Responsive Politics.

Of nearly $800 million donated to politicians by securities firms, banks, real estate companies and their employees by June 30, slightly more than half went to Democrats.

That hardly ever happens. While Wall Street went big for Barack Obama in 2008, it switched back to the GOP following the passage of the Dodd-Frank financial overhaul bill and has been reliably Republican ever since.

https://www.npr.org/2020/08/17/90262642 ... ts-in-2020
Trump doesn't even have the support of Wall St.
What a hoot! Toot, toot!

:beer
OMG dont tell BO and her RWNJs, they will be crapping themselves! :o

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