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Of the top 10 companies with employees donating money to Obama's campaign, three are big banks: JPMorgan Chase, Citigroup and Goldman Sachs, according to the Center for Responsive Politics. Some of Obama's other major contributors include employees from big companies such as Microsoft and Google.
And those Banks have gotten bigger under Obama...
At the end of 2011, five big banks, including Bank of America and JPMorgan Chase, held 56 percent of the U.S. economy, according to Bloomberg, compared to 43 percent five years earlier. That's right, the too-big-to-fail banks have actually gotten bigger.
Is this true?
Taken from Huff Post
"...an economy hampered by restrictive tax rates will never produce enough jobs or enough profits" JFK
Whoa, Jamie Dimon gives big to Obama? Get the fuck out!!!
Join the fight for YOUR liberty!
Yes. Whenever I start a thread on here on campaign finance reform and the need to be much, much tougher on the banks, I get crickets. And there is barely anyone talking about it apart from some worthy, pointy-heads in the Democrats who are being ignored by that party too. It's amazingly depressing.
“Close tax loopholes that allow some of the truly wealthy to avoid paying their fair share,” Reagan vowed.
Major companies are usually donors to both candidates. It's less about helping one candidate win than about ensuring that whoever wins will look favorably on them.
Exactly. It's systemic, not partisan.
I would probably, probably, support a Republican who was in favor of very strict campaign finance rules over a Democrat who does not. It really is about fighting for a working democracy that we are always so ready to brag about to the rest of the world. If the system is broken we won't solve any of our big problems: from the banks, to climate change, to navigating the economic dislocation of the rise of China and the BRICs, to healthcare, getting a more rational defense policy, promoting international development etc etc etc
Interestingly, despite the contributions by banks to both sides, Democrats are trying to pass tougher banking legislation and Republicans are trying to undermine such legislation.
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