Mitt Romney: Wall Street's Candidate?
1:51 PM, Aug 22, 2011 • By MICHAEL WARREN
Is former Massachusetts governor Mitt Romney now the candidate of big finance and Wall Street? Several financial industry donors who gave to Barack Obama in 2008 have shifted their dollars to Romney, the Hill reports.
The article notes that large financial services companies like Blackstone and Goldman Sachs employ the Romney donors, and one anonymous executive cited “disappointment” as the reason many are jumping ship. Only 3 of the 67 donors mentioned have also donated to Obama this year, according to the Hill.
Democrats have already seized on his "corporations are people" comment, painting Romney as the out of touch, pro-corporation candidate. And recent reports that Romney will be “quadrupling” the size of his California beach house certainly don’t help him combat that image. It's possible that the endorsements of Wall Street bankers may further fuel arguments that Romney, who is wealthy in his own right, is out of touch with voters during this economic downturn.
If Romney is the nominee, the Obama campaign will likely jump at the chance to exploit this Wall Street connection. But, then again, this might be a hard argument to make since only a few years ago, Obama himself was the candidate of Wall Street.
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