Tuesday, May 4, 2010

Hmm.. I wonder why the financial industry is donating to Democrats

The Republicans love every chance they get to jump on the fact that Democrats have benefited from Goldman Sachs campaign contributions. Now with the news that hedge funds are donating mainly to Democrats, these attacks should intensify. The Democrats are pursuing the first push to regulate Wall Street in decades. And why should the hedge funds donate to Republicans? They can pretty much take for granted that Republicans will have their back. They have for the last year. Why should they donate to a minority that thinks it has no incentive to back a regulatory bill in the first place? You won't see the Republicans jumping on the bandwagon any time soon, they are all but irrelevant in the debate.

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