Wall St. attacks Obama for tactic it uses

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Wall St. attacks Obama for tactic it uses

April 04, 2012 Washington Post

In 2008, Wall Street backed Barack Obama. Hedge fund operators, private equity investors and mega-bank executives gave his campaign twice the amount they contributed to John McCain. Many of the financial masters of the universe saw in Obama a guy much like themselves — self-made, very bright, assertive and validated by all the right academic credentials.

Today, Alec MacGillis reports in the New Republic, Wall Street has turned against Obama with a vengeance. Hedge fund operators have given Mitt Romney four times what they’ve given Obama, MacGillis writes — and that doesn’t count their contributions to “super PACs” backing Romney and other Republican candidates. Just as notable are their assessments of Obama, which rival those of Glenn Beck at his most paranoid.

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