This article describes the contest that precedes the electoral contest for the presidency that takes place next November. The headline is about the loss of financial support for Obama on Wall Street. They have been betting on Romney. Of course they will also cover their long bets with short selling in order to minimize their loses should Obama prevail in November. The bets on Wall Street also reflect the odds that Romney will be the GOP nominee. The other candidates have raised less money and their inelectability has become more apparent with each GOP debate. Romney is running against a very weak field.
Obama's campaign is not happy about the loss of Wall Street support and it is rather ironic that the president is perceived by many former supporters as a tool of Wall Street. They seem to have purchased a tool that has not served its purpose as well they had hoped. In any case, this leaves the field open for Obama to align his campaign with the majority of the population which views Wall Street with well deserved contempt.
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