Biting the hand that feeds?

Ashe Schow of Heritage Action examines the degree to which Democrats have reaped the benefits of Wall Street campaign cash, despite their support for Occupy Wall Street protesters.

[President Obama has] actually raised $3.9 million just this year so far. But, he has raised nearly $12 million in Wall Street donations for the DNC. In total, that’s more than all the Republican Presidential candidates combined have received from Wall Street.

Yet President Obama supports the Occupy Wall Street Movement. He said that their protests were a reflection of a “broad-based frustration about how our financial system works.” He has also adopted the term “99%” when talking about raising taxes.

Nancy Pelosi (D-CA) has also spoken favorably for the protesters, saying “I support the message to the establishment, whether it’s Wall Street or the political establishment and the rest, that change has to happen.” Where was this support when the Tea Party was taking on the political establishment, hmm? …

… These Democrats may claim to be on the side of the Occupy Wall Street Protesters, but the numbers don’t lie. They are clearly capitalizing on the populism of the day while continuing to line their campaign coffers with money from the very people they are now demonizing.

For more on the perplexing disconnect between the Occupy movement’s stated goals and the reality-based world, be sure to read John Hood’s recent observations on the topic.

Mitch Kokai / Senior Political Analyst

Mitch Kokai is senior political analyst for the John Locke Foundation. He joined JLF in December 2005 as director of communications. That followed more than four years as chie...

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