One more comment on the wall street influence. The concern was for the year 2008 when Obama, by your figures, got about $9 million more in contributions. But, the $1.73 billion ends up giving Republicans an average of $17.3 million more per year. That is certainly significant in comparison to the one or two years that the Dems got more than the Republicans but not close to the average the Republicans got. Just sayin.
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Well, 10% of 1.738 billion dollars certainly is not chicken feed. If the numbers were reversed, it would be a big deal to the wingers. But, the initial comments were that Wall Street contributed more to the Dems etc. This would disprove those comments. Republicans have always coddled to wall street more than the dems. I have said it many times that the repeal of the banking bill in 1998 was orchestrated by the Repubs and unfortunately signed by Clinton. It was the start of the downfall of our financial system. Oh, any you have a great day too.
Well, I'm not going to be rude and tell leftywing to stay out of this, even if he's not posting "facts."
From your post, centerish:
55% Republican, 45% Democrat
Not much of a difference to me.
Isn't it important to diversify one's portfolio? Looks like that's exactly what Wall Street interests have done.
And that was respectfully posted too, by the way.
Have an excellent day, all
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"The entire financial sector (finance, insurance,real estate) drowned political candidates in campaign contributions, spending more than $1.738 billion in federal elections from 1998-2008. Primarily reflecting the balance of power over the decade, about 55 percent went to Republicans and 45 percent to Democrats. Democrats took just more than half of the financial sector’s 2008 election cycle contributions." Remember what happened in 1998???? Repeal of what banking law????
Oh, what is 10% of $1.738 Billion???
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Dusty, stay out of this, it is something you cannot comprehend-- FACTS,
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Gosh, loco, you found it???? Good for you. When you print what Obama got in 2008, then you should print what the Republicans got in just one quarter in 2012--- Almost $37 million compare to $9 million for Democrats. So, you put in what Obama got for a year and I put in what the republicans got for ONE quarter. Now, check my next post on the years leading up to 2008. Then, note that the democrats got more in 2008 but, by the last quarter of 2009, the Republicans took over again, culminating in the 2012 bonanza.
Just for centerish, from opensecrets . org...
"As recently as 2009, Democrats were collecting more campaign cash from Wall Street than Republicans. Starting in early 2007, when Democrats took control of both houses of Congress, the financial world's campaign contributions shifted decisively to favor the Democrats; it's not uncommon for an industry's contributions to favor the party in power. Through the financial crisis, Wall Street contributions to Republicans totaled more than those to Democrats just once, but the gap was never startling. In President Barack Obama's first year in office, Wall Street sent Democrats $29.9 million, and Republicans $20.7 million.
"That dynamic shifted at the end of 2009, with more money flowing to Republicans in 2010 -- again, not an unusual pattern as congressional Republicans were clearly on the rise. But starting in 2011, as the chart below shows, the gap widened and Wall Street's financial support for one party began to tip the scales...
You are such a predictable chicken, dusty. I gave you ten years worth of spending totals which included the 2012 figure to show how Wall Street favored the Republicans. After all, that was the topic you brought up. But, since you cannot defend your talk with facts, you try to switch the topic. You can get the figures for 2008 but that is old news. What is news is what Wall Street has spent to buy favors the past three years. But, I expect miss direction and hiding from you. I am surprised that you aren't asking about Tripoli or calling me comrade. I am amazed that the MDN allows you to use the verbage you do on Veritas. Oh, and that great health care plan you are on is a State plan isn't it? You do triple dip or is it four times over. All off government programs.
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Here is what our congress has become. I have said for years that nothing will get done on anything until we have complete CAMPAIGN FINANCE REFORM: The entire financial sector (finance, insurance, real estate) drowned political candidates in campaign contributions, spending more than $1.738 billion in federal elections from 1998-2008. Primarily reflecting the balance of power over the decade, about 55 percent went to Republicans and 45 percent to Democrats.
Well, actually, I thought I would fool you, dusty, but you are too good. During the Presidental election year of 2012, the Republicans got most of the wall street contributions but in the last quarter of 2012 they got 80% of the donations that quarter too. $37 million to 9 million in that quarter alone. Yep, wall street owns the republicans and they better be careful because the dog is about to bite the Republicans.
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Dusty, you are so hard to convince. Hmmm. But you are always right, at least in your own little mind. Look it up yourself on politifact and look for wall street political contributions. Hmmm, right there- 80% in 2012. In fact, Wall street has favored the Republicans since mid 2009 and also into 2013. Go look it up. It is not on Fox News or Rush's web site. So, you would not have seen it.
Wow, now you are an investment advisor too, dusty? You and lefty need to get together. Let me see, I am surprised that you did not have the breakdown on political contributions, dusty. Lets just take 2012 for example. Wall Street's political contributions went 80% to the Republican party and their candidates. So, who is beholding to Wall Street. Well, they (the Republicans) better realize that those contributions will dry up and we all know how the Republicans chase big money for contributions.
Go take a walk. Read a book. Go do some other activity. The internet will still be here when you get back.
DustOff - you're trolling.
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So true, Dustoff3.
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I'm looking to invest in local beer breweries . . . and liver transplant technology.
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I invest in land. It basically is safe, and they don't make any more of it.
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Actually, it is oil that keeps it all afloat. When oil starts to become less abundant, the market will crash and burn like one of the space shuttles did.
It will be bad.
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Gosh, again, it is all Obama's fault, right dusty/bdgi? Well, lets talk about Mr. Larouche's thoughts on Glass-Steagall. This law was originally repealed through the work of congressional Republicans in 1998 and Clinton signed the repeal. There have been bills put forth in both the house and the Senate in the past year or so to reinstate G-S. The sponsors were democrats and independents. The bills were stymied by Republicans including Senator Johnson of SD, who is chair of Senate Banking committee. It is the Republicans that are supporting the repeal and it was the Republicans who gave Wall Street the biggest support with the Tax gift of 2002. Hedge fund managers pay 15% on their income which runs around $30 million a year because of the tax gifts. Wall street is the Republicans playground. Oh, and those business leaders: They visited the Republicans too. What a great source, bdgi,?????
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If you didn't buy stocks when the DOW was at or near 6500, you missed the boat. If you haven't been selling at least some while it has been 14 to 15 thousand, you are a fool.
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I feel the MDN should have had a fifth option - "I 'invest' my money in the government".....
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401s are a scam..just another gift to corporate america from the taxpayers...socialism for the rich,capitalism for the rest.
Am I sticking with stocks, or sticking with stocks?
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