Republican fundraisers on Wall St shy away from Bush

[kskiska]

bushWall Street's enthusiasm for US President George W. Bush appears to have cooled as the presidential race tightens and concerns grow about foreign policy and fiscal deficits.

Some leading fundraisers of Mr Bush's re-election bid have stopped active campaigning and others privately voice reservations.

The New York financial community is expected to give the Republicans a lavish welcome when the president's party arrives for its national convention next week. Wall Street has been a big contributor to Mr Bush's record-breaking re-election fund. But one senior Wall Street figure, once talked of as a possible Bush cabinet member, said that he and other prominent Republicans had been raising money with increasing reluctance. “Many are doing so with a heavy heart and some not at all.” He cited foreign policy and the ballooning federal deficit as Wall Street Republicans' main concerns.

A Republican in the financial services industry concurs. “Many of them may be maxed out,” he said, referring to campaign contributions that have hit the legal ceiling, “but they are backing away from Bush.”

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http://news.ft.com/cms/s/ce667ab6-f78b-11d8-afe6-00000e2511c8.html

[fearnobush]

1. Just one bad GDP number and one bad August jobs report until

Wall Street turns its back on Bush. Too little to late though, If he is re-selected, the fully deserve the next Great Depression that awaits them.

[Melodybe]

2. The jerks on Wall Street may deserve it, but average Americans don't.