Wall St. Made More Money In 2.5 Years Of Obama Than 8 Years Of Bush

Mika Brzezinski, MSNBC’s “Morning Joe”: “New government data shows profits for America’s largest financial firms are once again reaching record highs not seen sense before the financial crisis of 2008. In fact, Wall Street firms have earned more in the first two and a half years of the Obama presidency than all 8 years of the Bush presidency. Over 85 billion dollars in profits compared to 77 billion.”

Joe Scarborough: “Wait — you mean in the first two years they made more than in eight years than in the Bush administration?”

Brzezinski: “That’s correct.”

The facts are that while Obama claims to be against Wall Street and is a champion of the poor against the rich, he is in Wall Street’s back pocket. The Dodd-Frank bill and these other regulations passed in the name of defending the poor, actually tilt the playing field to his donors, expend the power of the federal government to pick winners and losers and Lord help you if you are a part of the smaller competition. I explored this subject for years in great detail on my old college blog.

Related:

Top All-Time Donors, 1989-2012 – Hint: Most goes to Democrats – LINK.

Top 20 Industry Money Recipients This Election Cycle – Who is in the back pocket of Wall Street? – LINK.

Corruption You Can Believe In: Failed Sub Primes and Mortgage Fraud Lenders Funneled Money to Dodd & Obama the Most. Fannie & Freddie Gave $200 Million to Partisans-Most Went to Democrats! Dodd, Obama Among Top Recipients. Republicans Attempted to Pass Reforms-Blocked by Democrat Leadership! – LINK.

Hypocrite! Elizabeth Warren Takes Wall Street Cash! – LINK.

Corruption: Most Stimulus Funds Spent in Democrat Districts – LINK.

The taxes Democrats propose to “soak the rich” always seem to miss those who they demagogue for not paying their fair share. They have been “soaking the rich” for decades and keep missing the target. Why? – LINK.

About Chuck Norton

I write about politics, education, economics, morality and philosophy.
This entry was posted in 2012 Primary, Budget, Corporatism, Obama, Pay to Play, True Talking Points and tagged , , . Bookmark the permalink.

1 Response to Wall St. Made More Money In 2.5 Years Of Obama Than 8 Years Of Bush

  1. Chuck Norton says:

    Obamanomics: The president has been decrying the growing gap between rich and poor in the U.S. to help sell his retread tax-and-spend proposals. But those policies have already produced record levels of income inequality.

    http://news.investors.com/ibd-editorials/073013-665705-income-gap-grew-sharply-under-obama.htm

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