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Dem Leaders Backing Occupy Wall Street Have Received The Most Contributions From . . . Wall Street…

Via Heritage Action:

Despite their support of the Occupy Wall Street movement, (who, unlike the Tea Party, believe government is the answer to our economic problems), Democrats have enjoyed large paychecks from the industry.

President Obama, former-House Speaker Nancy Pelosi (D-CA), Congresswoman and chair of the Democratic Congressional Campaign Committee Debbie Wasserman Schultz (D-FL), and Congressman Barney Frank (D-MA) have all raised significant funds from Wall Street — and these numbers are just since 2008!

This information was pulled from OpenSecrets.org. They don’t quite tell the whole story, since Presidential donations are listed differently than other politicians. So the President’s funds are much higher. He’s actually raised $3.9 million just this year so far. But, he has raised nearly $12 million in Wall Street donations for the DNC. In total, that’s more than all the Republican Presidential candidates combined have received from Wall Street.

Yet President Obama supports the Occupy Wall Street Movement. He said that their protests were a reflection of a “broad-based frustration about how our financial system works.” He has also adopted the term “99%” when talking about raising taxes.

Nancy Pelosi (D-CA) has also spoken favorably for the protesters, saying “I support the message to the establishment, whether it’s Wall Street or the political establishment and the rest, that change has to happen.” Where was this support when the Tea Party was taking on the political establishment, hmm?

Debbie Wasserman Schultz (D-FL) parroted Pelosi by saying that these protests are “symbolic of the frustration that middle class folks and working people feel that the wealthy always seem to have the wind at their backs.” She went on to say that, “[w]e understand their frustration, we applaud their activism and hopefully they’re going to help get the Republicans in Washington’s attention so we shift the Republican’s focus from just Barack Obama’s job, to everyone’s job,”

Not surprisingly, Debbie Wasserman Schultz also denounced the Tea Party.

And finally, Congressman Barney Frank (D-MA), who has raked in more from Wall Street than Pelosi and Wasserman Schultz combined. Just after announcing his support for Occupy Wall Street, Congressman Frank headed to a fundraiser — with Wall Street bankers. How’s that for hypocrisy? Of course, he had an answer for that, saying:

“If you take money from them, but you don’t vote [for] the things they want, how does that put you in conflict?”

I can think of a few ways.

Keep reading…

HT: Doug Ross

Posted by ZIP on Tuesday, October 25, 2011, at 8:28 pm | Like Tweet

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12 comments
  1. ironmaiden says:
    October 25, 2011 at 8:32 pm

    Guess which President has raked in the most Wall Street bucks in a generation? If you guessed Obama you’d be right. It’s like a financial circle-jerk. Wall Street gives Obama money, Obama gets elected, Obama gives Wall Street stimulus money, Wall Street donates to Obama, Wall Stree Hopes Obama gets elected and pays off like a slot-machine so they can start the cycle again with the next candidate. Can you say money laundering fast three times?

    (Lifted from JWF, I think.)

  2. sb says:
    October 25, 2011 at 8:34 pm

    Question:

    How much have Wall Streeters contributed to Willard’s (aka Mittens) campaign compared to the other Republican contenders?

    Of course Willard really is a Democrat so I shouldn’t be using the R word.

  3. NJK says:
    October 25, 2011 at 8:48 pm

    Barack Obama Led #OccupyChicago – Circa 1988
    http://biggovernment.com/jpollak/2011/10/25/barack-obama-led-occupychicago-circa-1988/

    Palling around with occupiers
    http://www.chicagoreader.com/Bleader/archives/2011/10/20/palling-around-with-occupiers

  4. Teacake says:
    October 25, 2011 at 8:48 pm

    ah now I get it… WS has to rake in a lot of money because politicians charge so damn much for their services.

  5. cedarbark says:
    October 25, 2011 at 9:02 pm

    See, the game was to enable the greed of wall street and bankers whilst dems looted the treasury, loaned to cronies who’d never repay, and bankrupted the US to impose their socialist structure which never has/will work…then blame wall street and bankers, from whom they’d taken the bulk of contributions. Pretty criminal slick eh?

  6. fuster says:
    October 25, 2011 at 9:07 pm

    perhaps just as interesting…..the couple of hundred OWS protesters in Zuccotti Park,,,,have received not only a constant supply of donated free food (delivered by UPS)but also now have a wad of donated cash that totals about $500,000.

    another couple of months of this weirdness and they might be able to buy the damn park

  7. Teacake says:
    October 25, 2011 at 9:16 pm

    cedarbark you nailed it

  8. Occam's Tool says:
    October 25, 2011 at 9:23 pm

    Well Balmy Frank, eventually the Wallstreeters will tell you to kiss their asses. What a SCUMBAG!

  9. DirtClub says:
    October 25, 2011 at 9:42 pm

    me too . . . cedarbark you nailed it!

  10. bitterclinger says:
    October 25, 2011 at 10:02 pm

    Where’s Shmucky on that list? I always heard that he got the lion’s shakedown, er, share of Wall Street dough.

  11. Ohio Dan says:
    October 26, 2011 at 1:31 am

    Campaign donations or extortion?

  12. fuster says:
    October 26, 2011 at 1:41 am

    Wall Street firms contribute to the candidates from both parties and plunk down heavier on the party that they expect to win.

    In 2006, the Wall Street money went mostly to Bush and has historically gone mostly to the Repubs since way back before the 20th century

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