WALL STREET AND OBAMA SCAMMING AMERICANS, SAY ANALYSTS

By NWV News writer Jim Kouri
Posted 1:00 AM Eastern
August 6, 2011
© 2011 NewsWithViews.com

"When Americans hear President Obama denigrating Wall Street or bankers or the real-estate industry, they should know that he's probably winking at them so they don't become skittish. Or if they do believe he's a power to be reckoned with, they are attempting to buy future influence," said political strategist Mike Baker.

While vilifying and name-calling Wall Street executives as greedy Fat Cats who prey on the American people, President Barack Obama is garnering more Wall Street money than all of the GOP presidential candidates put together. http://www.online.wsj.com/article/SB126 ... 89651.html

Although the financial industry hardly helped during his 2008 campaign, they are certainly funding his re-election campaign. During his heated run against Senator Hillary Clinton he campaigned as an outsider and an underdog. But now as the incumbent president, Obama has the Wall Street and banking industry executives lining up to pay homage and pay good money.

"One-third of the money Obama's elite fund-raising corps has raised on behalf of his re-election has come from the financial sector," according to a new Center for Responsive Politics analysis. http://bapd.org/gceocs-1.html

The Fat Cats who work in the finance, insurance and real estate sector are responsible for raising at least $11.8 million for Obama's campaign and for the Democratic National Committee, according to the Center's research. All of Obama's bundlers http://nation.foxnews.com/election-2012 ... them-money have already raised about $35 million for Obama's second juggernaut.

During 2008 presidential run, campaign contributors and bundlers who worked in the finance, insurance and real estate sector were responsible for only about $16 million, according to the Center's research. That's about 21 percent of the $76.5 million estimated minimum amount that these top fund-raisers brought in for Obama's presidential campaign, according to the Center for Responsive Politics.

An exact dollar amount for how much cash these individuals raised ahead of the 2008 election or during the past few months is not known because the Obama campaign provided only broad ranges of how much money each bundler collected, according to Center's report.

A precise figure, however, is known for how much the Obama campaign and the DNC raised during the second quarter of the year: $86 million. Thus, at least $1 out of every $8 that the DNC and Obama campaign raised came thanks to a bundler connected to the "villainous" Fat Cats.

"When Americans hear President Obama denigrating Wall Street or bankers or the real-estate industry, they should know that he's probably winking at them so they don't become skittish. Or if they do believe he's a power to be reckoned with, they are attempting to buy future influence," said political strategist Mike Baker.

"What really irks me is the fact that while conservatives defend capitalism and the so-called rich, they get little from the Fat Cats. But Obama denigrates them with Stalinist-style vitriol, and they pour money on him. Americans would do well to consider these executives as part of the problem of crony-capitalism and not the solution," Baker warned.

Hanky Panky in the White House?

Republican National Committee (RNC) Chairman Reince Priebus two weeks ago called on the Department of Justice to investigate whether or not President Barack Obama broke federal election laws by conducting illegal political fundraising activity in the White House. http://www.gop.com/index.php/issues/

A fundraising video featuring the President appears to have been recorded in the Map Room which is not part of the White House residence, but rather “occupied in the discharge of official duties.