Despite their support of the Occupy Wall Street movement, (who, unlike the Tea Party, believe government is the answer to our economic problems), Democrats have enjoyed large paychecks from the industry.
President Obama, former-House Speaker Nancy Pelosi (D-CA), Congresswoman and chair of the Democratic Congressional Campaign Committee Debbie Wasserman Schultz (D-FL), and Congressman Barney Frank (D-MA) have all raised significant funds from Wall Street – and these numbers are just since 2008!
This information was pulled from OpenSecrets.org. They don’t quite tell the whole story, since Presidential donations are listed differently than other politicians. So the President’s funds are much higher. He’s 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.