The financial sector shows its love (or lack there of) for financial reform by sending their donations to the man believed to be most friendly to Wall Street.
According to Politico, the Presidential campaign for Mitt Romney has out-raised the re-election campaign for Barack Obama by nearly $30 million. Wall Street donors have given Romney $37.1 million. But they have only donated $4.8 million to Obama’s campaign.
This movement is partially due to 19 Obama donors from 2008 who are now “giving big” to Romney, Politico reports. Four years ago, they donated a little over $200,000 to Obama. This year, they gave $4.8 million to help elect Romney. But those same donors have not given a dime to Obama.
“It is critical that the next president appreciates that America’s prosperity is driven by the innovation and hard work of the American worker, whose valiant efforts have, in recent years, been undermined by the oppressive weight of government intervention,” Ken Griffin, founder of the Chicago-based hedge fund Citadel, told Political. He donated $4,600 to Obama’s campaign in 2008. In 2012, he switched to Romney.
Griffin is not the only one. Anthony Scaramucci, a hedge fund manager in Manhattan, has also moved from Obama to Romney.
“There is so much dissatisfaction with the current president and his failed policies that we have found more and more people who are willing and wanting to get involved and who are eager to line up behind Gov. Romney,” Scaramucci told Politico.
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