Goldman Sachs Leads Split With Obama, as GE Jilts Him Too

It looks like a 180 turnaround for Obama support among people at places like Goldman Sachs, General Electric, and a dozen or so other outfits.

Employees are now giving more to Romney and Republicans.

Bloomberg Aug 9, 2012

Four years ago, employees of New York-based Goldman gave three-fourths of their campaign donations to Democratic candidates and committees, including presidential nominee Barack Obama. This time, they’re showering 70 percent of their contributions on Republicans.

That’s the biggest switch among the 25 companies whose employees have given the most to candidates and parties since 1989, according to data through June 30 compiled by Bloomberg from the Center for Responsive Politics, a Washington-based research group that tracks campaign donations. Goldman isn’t alone; 13 of the companies’ employees are now giving more to Republicans after backing Democrats four years ago.

“A switch in party preference of this magnitude is virtually unheard of among major companies with an established presence in Washington,” said Rogan Kersh, provost at Wake Forest University in Winston-Salem, North Carolina.
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source story


Read the article for some interesting figures and percentages......

What Happened ??

I'm sorry, but utilizing ATS, conspiracy, or skeptical mindedness...wouldn't losing corporate and banking sponsors be considered a "good thing"?

reply to post by xuenchen


Wow....that is unusual.

The Big Cahuna's putting their money towards the republican is saying something, I would think.
Not to mention a slap to Obama.....

Wonder what made them switch over?

People not satisfied with Obama and his unfulfilled promises....
Or just wanting to make a change.....
Or just sending a message to the current administration.

Maybe they know something that we don't.....

reply to post by xuenchen


Maybe that explains this decision:

Government won't prosecute Goldman Sachs in probe

WASHINGTON (AP) — The Justice Department said Thursday it won’t prosecute Wall Street firm Goldman Sachs or its employees in a financial fraud probe.

In a written statement, the department said it conducted an exhaustive investigation of allegations brought to light by a Senate panel investigating the 2008-2009 financial crisis.

‘‘The department and investigative agencies ultimately concluded that the burden of proof to bring a criminal case could not be met based on the law and facts as they exist at this time,’’ the department said.

So.......let's see.
If we drop the charges, will you rethink to whom your donations will go to?

I like how this was added:

But the department added that if additional or new evidence were to emerge, it could reach a different conclusion about prosecuting Goldman.

Yeah..... we'll let this go if you give us your money, or else.....we'll find new evidence.

My take, is they figure to reap bumper profits from the war Mittens promises to deliver...
I sometimes think the iranians would win the whole shebang if they said OK well go for no Nuke.....\
send in the inspectors, and just made a clean slate of what they are doing.......
What would the whole western war mongering ,machine do then?
Strip its gears probably....all the outs would then be in and the ins would turn to outs in a trice.......
Flip flop...Iran wins!
No Shots Fired!

reply to post by stirling


The war vs Iran has nothing to do with them having any weapons of mass destruction - or even plans to build them. It's about securing western interests in the uranium enrichment market.