We are never going to restore legitimacy to our political system until we get the money out of politics. Typically, in federal elections the candidate that raises the most money wins about 90 percent of the time. In 2008, Barack Obama raised almost twice as much money as John McCain did. 3 of the top 7 donors to Obama's campaign were big Wall Street banks (Goldman Sachs, JPMorgan Chase and Citigroup). Now Wall Street is doing it again. The big Wall Street banks are already trying to buy the 2012 election. So who do they want to win in 2012? Based on contribution patterns so far, the overwhelming favorite of the Wall Street banks to win in 2012 is Mitt Romney. The big Wall Street banks have given to Romney as pile of money that is more than 4 times larger than they have given to anyone else. Even though most Republicans really don't want him, if history is any indication this means that Mitt Romney is going to be the Republican nominee for president in 2012.
Posted below are numbers from a recent analysis done by the Center for Responsive Politics. These numbers reflect monetary donations to presidential candidates by employees of these big Wall Street banks (and their wives) between January and September 2011.
As you can see, somehow Mitt Romney is at the top of each list by a wide margin. Clearly there is a "consensus" (some would call it a conspiracy) among the Wall Street elite that Romney is the man for the job.
When you want to find out what is really going on in American politics, just follow the money. If Mitt Romney does not win the Republican nomination, it is going to be a massive upset. History tells us that it is incredibly difficult to overcome the kind of monetary advantage that Romney is piling up.
Once again, the following numbers were put together by the Center for Responsive Politics. As you can see, Wall Street is once again trying to buy an election, and they very clearly want Mitt Romney to win the Republican nomination....
Goldman Sachs
Mitt Romney: $352,200 Barack Obama: $49,124 Tim Pawlenty: $25,000 Jon Huntsman: $6,750 Rick Perry: $5,500 Ron Paul: $2,500
Morgan Stanley
Mitt Romney: $184,800 Tim Pawlenty: $41,715 Barack Obama: $28,225 Rick Perry: $20,750 Jon Huntsman: $9,750 Newt Gingrich: $1,000 Ron Paul: $1,000 Herman Cain: $500
Bank of America
Mitt Romney: $112,500 Barack Obama: $46,699 Tim Pawlenty: $12,750 Jon Huntsman: $4,250 Ron Paul: $3,451 Rick Perry: $2,600 Thad McCotter: $2,000 Herman Cain: $750 Michele Bachmann: $500 Newt Gingrich: $250
JPMorgan Chase
Mitt Romney: $107,250 Barack Obama: $38,039 Rick Perry: $27,050 Tim Pawlenty: $16,750 Jon Huntsman: $7,500 Ron Paul: $5,451
Citigroup
Mitt Romney: $56,550 Barack Obama: $36,887 Tim Pawlenty: $5,300 Rick Perry: $3,000 Herman Cain: $1,465 Michele Bachmann: $1,000 Ron Paul: $702
As you can see, no other Republican candidate even comes close to Romney at any of these big Wall Street banks.
In fact, of the candidates that are left in the Republican race, Mitt Romney has raised 13 times as much Wall Street money as anyone else has.
The following are the overall donation numbers from employees of the big Wall Street banks and their wives....
Mitt Romney: $813,300 Barack Obama: $198,874 Tim Pawlenty: $101,515 Rick Perry: $58,900 Jon Huntsman: $28,250 Ron Paul: $13,104 Herman Cain: $2,715 Michelle Bachmann: $1,500 Newt Gingrich: $1,250
These numbers paint a very disturbing picture. Even though Romney's poll numbers are in the mid to low 20s most of the time, employees of the big Wall Street banks gave him $813,300 during the first 9 months of this year and they only gave $105,719 to the rest of the Republican candidates combined.
Hopefully the American people will wake up and will think for themselves.
But we have seen this story play out time after time after time before.
The candidate with the most money almost always wins. The establishment is almost always able to pick the candidates that they want, and the rest of us are often left with trying to choose between "the lesser of two evils".
A while back, Dylan Ratigan absolutely lost in on air during a panel discussion on MSNBC. This epic rant about money in politics is not something that you will often see in the mainstream media, and it contains a lot of truth....
Ratigan is right about this issue. We do have a bought Congress. We also have a bought president.
If Mitt Romney wins the Republican nomination and the general election in 2012, we will have yet another bought president.
Until we get the money out of politics, we will continue to have a situation where it seems like nothing ever changes no matter who we send to Washington D.C.
The way that election laws are written right now, the big Wall Street banks and the ultra-wealthy are able to have a much greater say in who gets elected than the rest of us do.
It is fundamentally wrong and it has turned our political process into a giant farce. Instead of being "elected", most of the time our politicians are "selected" for us by the establishment.
Please share this information with as many people as you can. The American people need to understand how things really work in the political world. Perhaps if they begin to understand how our candidates are "bought", then perhaps they will start demanding real change.