Libertarians always disparage President Obama’s acceptance of Wall Street money as evidence that Democrats are just as invested in the corporate/government collusion game as the GOP.
Well, this time it may be different. From the following piece, from Yahoo Finance:
“It's being called an "unheard of shift in party preference." A swing of support - and financial backing - that dwarfs anything seen in nearly a quarter of a century. According to the latest campaign finance analysis from the Center for Responsive Politics OpenSecrets.org, a majority of the nation's top corporate donors have turned from blue to red, so to speak, and are now contributing more to Republicans than Democrats. That's the exact opposite of what they did in 2008, and as the Bloomberg points out, nowhere is the trend more pronounced than on Wall Street.”……..
…….“Given the low public opinion of banks and Wall Street right now, this may not be such a bad thing politically, but it all seems obvious. Whether it's being openly criticized by the President as "fat cats", endlessly re-regulated under the still evolving tome known as the Dodd-Frank act, or fined and prodded by the dubiously created Consumer Financial Protection Bureau, none of these issues hardly suggest that the President has "got the back" of the financial industry.”
It’s clear if we want to have a chance of slowing and reversing the oppressive financialization of our economy, muting the influence of the big banks, and returning power to the middle class, Obama, warts and all, is probably the best answer. And even that is not a sure thing, but I’ll ask this question of our Libertarian friends here: If the antidote to the power of bankers is cutting government and spending, why are those bankers backing the candidate in Romney who is more likely to do that?
Sure, Obama’s not likely to shrink government or ‘entitlements”, he’s not likely to dramatically cut taxes, he’s not going to summarily deport Muslims, he’s probably not even going to show his college transcripts. But – a wastebasket vote for Ron Paul won’t change that either – and there won’t be any other way to stop the bankers once Milquetoast Mitt’s in the White House.
And even at this point, it’s kind of like being out of bullets and throwing the gun at them. But it's better than nothing.