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Saturday, June 13, 2015

"... some on Wall Street are tired of compromise. It would be one thing if the compromise was leading to wins. But it's not." It won't as long as they back the GOP.

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COMMENTS: 
*  Of course Wall Street is getting tired of this bunch. They are clearly smart enough to see that, in the eyes of younger and more socially liberal voters, right wing Republicans are seen as freaks. Too bad guys. Keep going the way you're going and you will lose (again).
*  I have two grandchildren who are 24 and 26. Both look at the stupid rants about gay marriage and the GOP being in bed with evangelical extremist and ask--Grandpa,how can anyone vote for those who hate the American values we were raised with. Why would anyone want to stop a child from having a loving home with two parents gay or not. Why are republicans willing to throw our Constitution out in favor of allowing their bible to rule and make the laws in America, while destroying unions that provide good livable wage jobs?? They both look at republicans and ask me just how the hell can anyone vote for people like this?? You can bet this 72 year old, my wife, my children, and grand-kids will not be supporting the GOP and it`s anti-everything agenda.
*  IMHO the social issues garbage is why a LOT of people no longer vote Republican.
*  The money men are catching on to what Americans have known for some time, Stuck On Stupid will never win the white house.
*  Could care less about the money aspect of elections, but I do not wish to have anyone's morality stuffed down America's throat. The reason why socially conservative candidates will NEVER become President is their refusal to represent and support ALL of America.
*   We get candidates that NO ONE wants, not just Wall Street.
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Wall Street is getting tired of funding socially conservative Republicans running for president
By Linette Lopez, June 14, 2015

For years, when it came to presidential candidates, Wall Street made huge compromises in order to support the Republican Party.

The money men in New York City set aside their socially liberal views in order to support fiscally conservative candidates because that was the only way to get on the same page as the GOP base.

The result has been a series of candidates Wall Street's big donors didn't really want.

It seems those donors are getting tired of that outcome.

Hedge fund billionaire Leon Cooperman recently vented his frustration with this arrangement on an episode of Wall Street Week.

"I tend to be more Republican in my views, but socially very liberal. I'm going to have trouble with any Republican that does not disavow a fixation with social issues," he said. 

"Republicans have to understand that because young people in our country are not grabbed by those issues."

Republican candidates are not getting the message.

In fact, some social conservatives are actually hardening their stances before a new wave of younger voters has the mass to make a difference at the polls.

A recent Pew Research poll found that Republican Conservatives are the only group in America who have become less accepting of homosexuality over the last two years.

This is not what Wall Street wants to see.

Wall Street's ideal candidate is Michael Bloomberg — a billionaire businessman who's into environmental sustainability, urban development, infrastructure investment, and gay rights.

These are all socially conservative no-nos.

During the last presidential election, it looked like Wall Street might finally get the kind of Republican they were looking for — Mitt Romney.

For most of his career, Romney was known as a moderate technocrat.

But when he ran for president, Romney was forced to turn to entice the party base. He played up his conservative family values instead.

Many on Wall Street loved his private-equity/business background to be sure. They liked his ideas on foreign policy, even, but they weren't crazy about his sudden lurch to the right on issues like abortion.

From the way Cooperman talks about it, some on Wall Street are tired of compromise.

It would be one thing if the compromise was leading to wins.

But it's not. 

And in losing elections, Wall Street is also losing an investment. Each cycle, bundlers collect millions of dollars from Wall Street in increments of $2,700, of $5,000, and $34,800. They give to super PACs and party coffers; they give because they like a candidate or (more likely) because their boss or colleague loves a candidate.

This isn't a lot of money to Wall Street, but it is money wasted on candidates they sometimes only half want.

Instead they're forced to wait for a candidate they'll never get.
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