Kerry's Victories Helping Raise Money From Wall Street Donors

[NNN0LHI]

http://quote.bloomberg.com/apps/news?pid=10000100&sid=aH1bPU8H8d0w&refer=germany

Feb. 24 (Bloomberg) -- John Kerry raised $570,275 from New York state in January, more than twice what he raised in the previous three months, as Wall Street bankers wrote more checks to the Massachusetts senator, federal disclosure records show.

``We're inundated with people,'' said Steven Rattner, managing principal of Quadrangle Group LLC, a private equity firm based in Manhattan. ``For the first time, people are calling up and asking to help.''

Rattner, Blair Effron, a vice chairman at UBS AG, and Hassan Nemazee, chairman of Nemazee Capital Corp., helped Kerry raise six times as much from banks in January than he did in the fourth quarter, according to Federal Election Commission data released Saturday. The Democrat is trying bridge a fund-raising gap with President George W. Bush, who has collected $143.5 million and has investment banks as six of his top eight donors.

Contributions to Kerry's campaign have picked up since he won the Jan. 19 Iowa Democratic caucuses and 14 other presidential primary contests. Kerry, who campaigned in the city yesterday, is holding two New York fund-raisers on March 1, the day before New York's Democratic primary, one of 10 ``Super Tuesday'' state contests that day.

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[SerpentX]

1. Wah!!! He's collecting from his corporate paymasters!!! Wah!!!

"They may be *pink* dear friends ... but their *money* is GREEN!"
--J. R. "Bob" Dobbs

[NNN0LHI]

5. My retirement is based on how well the stock market does

Like does my retirment check come on the first of the month or not or can my employer afford to pay the medical insurance premiums for my wife and I. I don't personally own any stock but eating and putting a roof over my wife and my head depends on a healthy stock market. Don't think I am the only one in this situation.

Don

[mobuto]

8. So?

Bob Rubin, the best Treasury Secretary this country ever had, worked on Wall Street. Jon Corzine - one of the most liberal Senators in Washington - did the same. That Wall Street wants to get on the bandwagon before its too late is not surprising nor should it be alarming.

[SerpentX]

25. I thought I was clearly being sarcastic.

Next time I'll use more exclamation points.

[molly]

2. It seems like everyone wants to end the evil empire

[cornermouse]

3. Wall Street is part of the problem.

Our economy has been skewed to the point that we are being told that our economy is based on what happens on Wall Street, not people's employment opportunities.

[mobuto]

10. They're tied together

Wall Street isn't the economy, but the two influence one another to a significant extent. Is the Dow 30 a measure of how the economy is doing? Absolutely not. But generally, when the stock market's up, the economy's up as well (now would be one of those exceptions).;

[AP]

17. Banking, insurance, pharma, Health care, and oil are having record profits

in this bad economy.

Hmmm.

You can have an unfair economy and have a wealthy, entrenched oligopoly. That's what everything leading up to FDR was all about.

[w4rma]

19. When the stock market is up, could that mean that

big corporations are gobbling up more and more of the privately owned small corps and therefore the economy is actually going down?

This is sort of a hypothesis that I am toying with. I haven't found any proof that this isn't the case, currently, although I don't think that when the stock market is up, this has to be the case.

[WhoCountsTheVotes]

4. I guess Wall Street doesn't believe Kerry will reform NAFTA

And Kerry didn't even need to pick a Lieberman to make sure everyone knew his proposed reforms are "rhetorical flourishes"!

[NNN0LHI]

6. Come on now. What do you think about this? Keep in mind that these...

...are some of the people who make over 200 grand a year or hope to someday and that Kerry is saying he is going to cancel the tax cut for. Why would that be? Are they smart enough to know Chimpy has got to go too? These are numbers people here. If anyone would know Bush is running a Pyramid scheme with our treasury it would be these guys. Am I wrong here?

Don

[underpants]

11. Exactly -W will try to convince people that THESE people don't want Kerry

They will tell the everyday guy that those with money (surely smarter than you or they wouldn't be so rich) and the corporations (but not that you should bow to the corporation...unless we tell you that you should) support Republicans in a vast majority.

Joe Conason's "Big Lies" dispells the myth that the stock market and the economy as a whole do better under Republican administrations.

This could be hedging their bets a bit or, more likely, they see the complete lack of any sort of economic policy and don't think they can keep treading water with the weight of the system on their backs for four more years.

This is good news.

[gottaB]

12. Wall Street Wants Peace and Prosperity--not a surprise

Bunnypants can't be trusted to avoid stumbling into any more wars, and that has a depressing effect on the economy.

Meanwhile, the economic upturn is weak. The stimulative effects of the Whistleass tax plan have run their course. Without real economic growth, without real job creation, prospects for future earnings don't look so bright.

Not to mention the balooning defecit. No, I don't think you're wrong here.

[AP]

16. They want influence with the senior dem on the banking committee circa '07

[gottaB]

23. You talking to me?

I have some questions for you, then. Do you think having Nick Baldick on John Edwards' staff is a liability? How do you explain Edwards' vote on bankruptcy reform. That doesn't seem like the vote a populist would take. But it does seem like something Nick Baldick would lobby for. Hmmm.

What about Jeffery Lane? Is that all swept under the rug now?

You know, when it's all said and done, I really hope that the New American Optimists aren't found guilty of anything untoward. I'd hate to see optimism getting a bad name.

[AP]

26. Baldick and a vote on a bill which Edwards helped load with poison pills?

That's your evidence that Edwards isn't a populist?

Every policy Edwards proposes in Real Solutions is designed to help people like the ones I grew up with enter the middle class. It's the core of his political persona.

What is the core that Kerry's persona revolves around?

[ibegurpard]

7. Fantastic!

Just the sort of thing people who are leery of Kerry need to hear in the wake of a Nader announcement.

[mrgorth]

9. Good

If Satan starts sending checks you can bank those too.

[Armstead]

13. I'm so happy the Democrats are getting back to the roots...

...the Corporate DLC Roots, that is.

What a relief for those who were worried that the Democrats might actually run on a, God forbid, progressive populist platform. Now they can all breathe a sight of relief that we won't be talking about corporate monopolies, the healthcare disaster, the foolishness of "free trade" or any otehr core issues.

[NNN0LHI]

14. To posts 7, 9, and 13. I wonder why you guys think that rhetoric will fly?

I would like to know what you are worth. Not what you say you are worth on an anonymous board, but rather what you are really worth. Or have you all taken a vow of poverty or something? Who the fuck do you think you are talking to here? Bunch a kids or something. That "subsisting as monk" dog ain't going to hunt fellas'. Try it on someone else. Geesh.

Don

[The Magistrate]

20. It Will Not, Sir

Most everyone understands that campaigning requires funds, and funds will be given only by people with money to give.

There is actually a sizeable constituency of prosperous folks against the criminals of the '00 Coup. Those reptiles are bad for the value of money, and for any long-term business outlook. Fractures like this among the monied elites ought to be used and exploited by the left.

There was just this morning report of a poll indicating barely more than a quarter of persons earning over $100,000 a year now support a "free trade" position: this can be expected to have a most salutory effect on the campaign....

"LET'S GO GET THOSE BUSH BASTARDS!"

[AP]

15. On one level, that makes me sick to my stomach.

And I know many of these bankers don't want him to win. They're buying influence for when he's the senior senator on the commerce and banking committees sometime late in Bush's second term.

[NNN0LHI]

21. You say you know many of these bankers don't want Kerry to win?

How do you know that? Are saying you know this as opinion? Or are you saying this using some evidence that you are aware of?

Don

[AP]

27. I'm saying it because I can put the pieces together. I don't think Kerry

will beat Bush, and I know that Wall St is comfortable donating to a losing campaign becuase they know it will buy something when Kerry is still sitting on the two most powerful committees in the Senate.

It's logic 101.

[NNN0LHI]

29. Its conjecture. Thats cool. I do it all the time too n/t

[blm]

22. Robert Rubin and investors in environmental projects want Kerry to win.

No doubt about it.

Those who invest in infrastructural projects want Kerry to win. No doubt about it.

[AP]

28. "environmental projects"?? Wall St wants profits. They want a gov't that

will protect their access to guaranteed profits.

I have no idea what an "environmental project" is.

[mmonk]

18. Wall Street hedging is all that is

The lion's share is going to republicans.

[redqueen]

24. Cheaper whores are still whores

They're covering their bases with whomever they think they must.

Oh look! It's more of the same!

Whoopee!