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strategy
by leon on June 5, 2008
Businesses might be concerned about higher taxes and a tougher line on trade but Wall Street is putting its money on Barack Obama for president, according to Reuters.
According to this report, Obama has received $7.9 million in contributions from the securities and investment industries. That's compared with $4.2 million for mccain.
The other interesting statistic is that for the first time since 1994, Democrats have garnered 57 per cent of the contributions from the securities and investment industry.
This doesn't mean the securities and investment sector is comfortable about the prospect of President Obama. But they are hedging their bets because they think he'll win. Business is like that.
Permalink: Wall Street backs Obama
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/125530
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Vote for Wall Street backs Obama:
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Rating: 8.86 out of 7 vote(s) cast.
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Response from:
Loren Steffy
Gas prices creep to records in Houston, most of Texas U.S. Payrolls Fell 49,000 in May, Jobless Rate Jumps to 5.5% R.I.P. Riverway: Anatomy of a power failure Unions at Continental work to limit impact of cuts Dumb or...
Response from:
Loren Steffy
Gas prices creep to records in Houston, most of Texas U.S. Payrolls Fell 49,000 in May, Jobless Rate Jumps to 5.5% R.I.P. Riverway: Anatomy of a power failure Unions at Continental work to limit impact of cuts Dumb or...
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