Election 2012

Wall Street’s Man of Choice

In a bit of not-shocking news, the latest numbers show that the overwhelming majority of contributions from the investment class and Wall Street honchos has gone to Mitt Romney during this presidential election. Meanwhile, small donations from individual donors continue to be the primary source of funds for OFA.

Let there be no doubt where Wall Street's political loyalties lie: Of all the money the securities and investment industry has poured into the 2012 presidential contest so far -- to the candidates and the super PACs behind them -- an unambiguous 92 percent has gone to the GOP, according to a new Center for Responsive Politics analysis.

And in so doing, the securities and investment industry is betting hard on the candidacy of one of its own: Mitt Romney.

Between his campaign committee and a monster super PAC supporting his candidacy, Romney has benefited from about 72% percent of the near $33 million Wall Street has contributed through February.

But doesn't Wall Street love President Obama? Isn't he their stooge? Or something.

There are some voices out there, particularly on the Left, who would like you to think so, but that isn't supported by any available evidence.

Even though it isn't as strict as it needs to be, Democrats did not make any new friends when they passed Dodd-Frank, and fundraising during this election season shows that Mitt Romney is Wall Street's overwhelming favorite to replace President Obama.

And that's not because they're electrified by the strength of his character. Having no character would be preferable to them. That leaves Mitt Romney as the obvious choice.