Contradicting the notion that President Barack Obama and the Democrats are aligned with the Occupy Wall Street protesters in any way, the Washington Post has reported today that Obama and the Democrats are actually the preferred choice of Wall Street political campaign contributors, beating out the combined slate of Republican candidates by over $4 million.
Obama was also Wall Street's choice in 2008, collecting more in contributions from the financial sector than any other candidate. Perhaps not surprisingly, Obama's choices to head up his financial team were Wall Street and financial industry insiders, who had advised over the years for the very lack of regulation that ultimately enabled the 2008 meltdown of the USA and world economies.
The Washington Post report also contradicted an earlier report by the New York Times which claimed that "Mitt Romney has raised far more money than Barack Obama" from Wall Street. In fact, the Post reported that Obama had even raised more money than Romney at the former Massachusetts governor's old private-equity firm of Bain Capital.
Obama has in the past couple of weeks attempted to link his criticism of the Republican Party with the Occupy Wall Street protests against economic and social inequality, but this latest report may make it much more difficult for the protesters to take that rhetoric seriously.
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