I put Middle Earth Journal in hiatus in May of 2008 and moved to Newshoggers.
I temporarily reopened Middle Earth Journal when Newshoggers shut it's doors but I was invited to Participate at The Moderate Voice so Middle Earth Journal is once again in hiatus.

Tuesday, April 25, 2006

How bad are things for the Republicans?

A few days ago I reported that that the investor/corporate base of the Republican party was beginning to see the Bush Republican Party as a liability. Well today we have some hard evidence of that.
Democrats Beat Republicans in 2005 Fund-Raising on Wall Street
April 24 (Bloomberg) -- Democrats outdid Republicans last year in attracting political donations from investment banks, brokerages and fund managers for the first time since 1994, helped by support from hedge funds and companies such as Merrill Lynch & Co.

Democrats got $13.6 million, or 52 percent of the financial industry's $26.3 million in political donations in 2005, said the Center for Responsive Politics, a nonpartisan Washington group that researches the influence of money on elections and public policy. In the two years leading up to the 2004 presidential election, Republicans received 52 percent of the $91.6 million given by the industry.

"Wall Street wants change'' on issues such as the Iraq war and the budget deficit, said James Torrey, chairman of the Torrey Funds, which manages about $1 billion. ``I'm finding people who are registered Republicans who are saying to me, 'what can I do to help?'''
Wall Street wants change and they are putting up money to get it. The oligarchs are beginning to realize that a madman in the White House is bad for business.

No comments:

Post a Comment

Be Nice