Obama, McCain big beneficiaries of Wall Street
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/15/art.lehman.gi.jpg caption="Firms in the battered financial sector have been big backers of the candidates."](CNN) - Both Barack Obama and John McCain have strongly benefited from Wall Street this election cycle, an analysis from the Center for Responsive Politics reports.
According to the non-partisan research organization, employees of security and investment firms have donated nearly $10 million to Barack Obama this year and close to $7 million to McCain's presidential bid.
McCain has particularly benefited from Merrill Lynch, the global financial services firm whose sale to Bank of America shook Wall Street Monday morning. He has raised nearly $300,000 from Merrill employees this year - more than any other firm.
Barack Obama, meanwhile, has strongly benefited from employees of Lehman Brothers, the financial firm that filed for bankruptcy Monday morning. The Illinois senator has raised approximately $370,000 from Lehman employees this year, more than three times what McCain has raised from employees of the failing firm.
Both McCain and Obama sharply criticized Wall Street practices Monday morning, and are calling for more regulation in the investment industry.
McCain, the leader–Obama, the follower.
Those in trouble reach for HOPE- that's why the company's employees have reached out to Barack Obama.
And Mcain says the economy is in good shape. Along with his alzheimers, he must be going blind as well.
Sarah will crack down on all this crap from both sides.
Obama is no better than those he criticizes
McSane and his team are playing dirty and he promised us way back that he would not run a clean campain and now this is what they are giving us. I am ashamed to be a part of this party.
Yahoo.com is reporting the following: Bush: Economy strong enough to handle current turmoil.
NOW FELLOW AMERICANS, ARE YOU SURE YOU WANT THAT TYPE OF THINKING TO CONTINUE ON????
McCain is more of the same.
I live in Florida and like Ohio, Michigan, and Pennsylvannia, we have been HIT HARD BY REPUBLICANS GANDER!!!!! SO WHYYYYYYYYYY ARE SO MANY PEOPLE STILL DEAF AND MUTE TO McCAIN????
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d o n a t i o n s
If these institutions flop they flop. Hey, the markets and competition will prevail. No one saves little businesses that die because of corporations. Companies will buy them. let it happen.
Robin hood obama will take care of the situation .will steal from the rich and give it to the poor . And I mean poor, if you make more then 40,000 a year you are not poor. and robin hood obama will take your money and give it to the poor . I other words .redistribution of wealth. That is socialism.
j williams – the constitutional scholar will save us
when we fail to change
something inside us falls to sleep
and gets harder and harder to wake up from.......
"democrats, independents, and republicans all fought, bled, and many have even died under the same proud flag!" [barack obama]
republicans should stop attacking our patriotism.
Barack was a community organizer in his early twenties. What is wrong with that? I'm sure a lot of people were doing far less in their early twenties. He is an outstanding candidate, and one that I'll be proud to call my next POTUS.
Barack is running for the President of the United States in his forties, McCain left his first wife and kids to have an affair with Cindy Lou in his forties. Which one do you think is honorable?
Obama/Biden 08
But Obama is different... pure as driven snow.
George W. Bush's America.
We don't need more of the same with McCain, or should I say McCan't.
Obama/Biden 08
Are donations from employees counted as the organization? I dont understand.I thought these are individuals making individual choices just the same way they vote.Should this in any way be branded as "wall street"?
A vote for OBAMA will bring us even closer to socialism. Wake up people.........You say you want Big Government out of your life???
OBAMA/BIDEN is not the way to do it. Look beyond the name calling and see the reality of what Obama stands for.........It's a scarry picture
McCain and Palin in 2008
Well said Travis. Everyone blindly follows their own political party all the way to destruction.
Im stocking up on Apples to sell on Wall street,$10.00ea. for the big spenders.Ahh you got to love Capitalism without checks and balances.
Oh my god. I can't believe the lies that McCain is saying. How can he do this. Reps claim to be Christians and they are doing all of this just to get elected for another 4 more years.
Women, men, young people please wake up and vote for Obama/Biden.
Don't worry folks, George Bush has three more months to really mess things up. He's going out with a bang!
While his buddy, McCain says "Country First". Well my question is which country? He can't mean ours.
Obama/Biden 08
If the press does the job that so far it has not, we will all learn that Obama is already bought and paid for by hedge funds, George Soros, Wall Street and organzied labor. He is their Uncle Tom.
neither obama or mccain know anything about economics. they know NOTHING
McCain does not even understand the economic jargons written down for him in his speasces. He could barely pronounce them!
America will suprise the whole world if we elect McCain after bush. Do we take pride in illitracy?
Travis is right, both McCain and Obama have benefited from Wall Street. We need to hold these politicians accountable. It is ridiculous to spin these reports for one or the other of the candidates. How do you think we are going to pay for all of the programs that these candidates are proposing? Definitely Camelot is not coming any time soon!
Hey, Obama....
I thought it was supposed to be "Take from the rich and give to the poor?" How come for you, it's "Take from the rich, the poor, and anyone that will throw you a penny?"
How many tax dollars that are paid for welfare and student loans are being "donated" to Obama's campaign?