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The following article was published in our article directory on October 14, 2010.
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Obama to Offend Wall Street

Article Category: Business Management

Author Name: xia zihui

U.S. mid-term elections are in full swing, as the competition for the Republican and Democratic majority in the House of Representatives and the Senate and the fierce fight. The Democratic Party now has headed the White House and Congress disposes of a strong, very Duoaobama reach for the former had a major motion passed in the last two years. However, if the Republicans got his wish, in November they will get at least a majority of House seats, it will be greatly changed the U.S. political arena, the Democratic Party intended to implement the policy would be curbed, more likely to evolve into something mediocre or even compromise the deadlock .

Republicans and Democrats in this hard-fought, Wall Street's performance is staggering. Wall Street and New York has always been a Democratic Party stronghold, more than 60% of voters are Democrats. If the Democratic candidate has outstanding and strong popularity, then it will be higher rate of support, donations will keep coming. Wall Street is a vote by the money. Two years ago, Barack Obama presidential campaign, the financial sector to invest more than 60% of the contributions of the Democratic Party; Goldman Sachs, Citigroup and JP Morgan before the seven institutions accounted for the three sponsors. Several major banks and financial institutions are also well-known president of the Democratic Party members. Although Morgan Stanley is a Republican President, but Obama's votes cast.

This year's election but also he's too short. More than half of Wall Street employees contributions to the Republican Party, who as president of the Democratic Party are also members of the bank to stop giving. Over the past few heavyweight bankers to actively support Obama even plans to hit back, setting off a wave of anti-Obama. JP Morgan CEO Dimon accused Obama of "endless defamation of a large-scale banking sector, but also bring harm"; Schwarzman, Blackstone's president to attack Obama on Wall Street compared to Hitler invaded in 1939 Poland; even the president of a hedge fund investors in a quarterly report will become an attack on Obama letter.

Wall Street has been offended Obama is an indisputable fact, but what makes Wall Street in what would be such a 180 degree turn? Wall Street in support of Obama, when, knowing him as a Democrat, has increased the tax the rich, increasing the tendency of social insurance; also expected to poke the financial crisis so big blunder, Obama will certainly have the legal regulation The as. These should not constitute a source of turn.

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