Columnist: 'Gordon Gekko is a Democrat'

Next time you hear that cliche that Republicans are the party of the rich, show the person who says it the following column by Ann Coulter.

Writing at Human Events.com, Coulter says Wall Street owns Barack Obama and Congressional Democrats, which might help explain the rush to bail out so many failing companies at taxpayers' expense.

From Coulter's column:

How did Republicans get saddled with Wall Street? Obama just got the biggest campaign haul from Wall Street in world history, and Republicans still can't shake the public perception that they are tied at the hip to Wall Street bankers who hate them.

Last September, The New York Times reported that individuals associated with the securities and investment industry had given $9.9 million to the Obama campaign, $7.4 million to the Hillary Clinton campaign and only $6.9 million to the McCain campaign. Either they're all Democrats or some commodity named "hope" was going through the roof last year.

Employees of Lehman Bros. alone gave Obama $370,000, compared to about $117,000 to McCain. (No wonder Bush let them go under.)

According to an analysis of Federal Election Commission records by the Center for Responsive Politics, the top three corporate employers of donors to Barack Obama, Joe Biden and Rahm Emanuel were Goldman Sachs, Citigroup and JPMorgan. Six other financial giants were in the top 30 donors to the White House Dream Team: UBS AG, Lehman Bros., Morgan Stanley, Bank of America, Merrill Lynch and Credit Suisse Group.

Since 1998, the financial sector has given a total of $37.6 million to Obama, compared to $32.1 million to McCain. But Obama ran for his first national office only in 2004. So McCain got less from the financial industry in a decade that included two runs for president than Obama did in four years.

As we've seen in recent weeks, Wall Street gets what it pays for. Democratic Sen. Chris Dodd included language in the stimulus bill allowing executives of the bailed-out banks to collect million-dollar bonuses.

And yet the Democrats' endless favors for their Wall Street friends never sticks to them because everyone treats Democrats' shilling for their own contributors as if it's a Nixon-goes-to-China moment.

Read the full column at Human Events.com