according to cnbc, WALL STREET is for obama

[unblock]

i work on in the wall street securitization business, so have a bit of an inside perspective, and wall street understands that the republicans have been a disaster. remember that what's good for boardroom cronies is not necessarily good for wall street. what we now have is an environment where wall street can't get deals done and that doesn't work well here.

cnbc was explaining that wall street thought obama pretty much had the election in the bag, but palin's speech scared them into thinking the race was competitive, which prompted them to hit the phones and get their networks donating again to the obama campaign.


now, i happen to know that that's not to whole story, as there were posts on du prior to the speech trying to queue up a ton of donations during and right after the speech. cnbc even said obama's received donations from more than 130,000 people since the speech. that would be an awful lot of phone calls, but i don't doubt that some big pockets also opened up.

anyway, whatever it takes!

[Marsala]

1. Amusing.

On the other hand, if Obama wins, it could be a sign of a realignment that turns the Democrats into the party of fiscal conservatism and the Republicans into the party of populism.

[unblock]

2. democrats ARE the party of fiscal conservatism, and republicans are the big spenders

it's been that way since reagan. reagan and the bushes created the vast majority of our cumulative debt. clinton got us up to a surplus even, which shrub promptly pissed away and went on to record-shattering deficits.

and republicans are trying to be the "populist" party, of a sort. it's all they have, really. always trying to float emotionally-laden "issues" and time them so people are motivated and on their side on election day and to hell with them and the "issues" the next day.

[rabbits4love]

3. i dunno why people fear wallstreet

i mean honestly, thats the part where your average person can be involved...

the bad people are the CEOs of these companies... and like you said, the CEO can make wallstreet go badly... bad CEO=bad trading...

[MarjorieG]

4. Love the money, but they really need to talk to their media cronies.