Wall Street And Cash Cows.

Wall Street has cut way back on donations to Democratic campaigns. Well, not much surprise there. And they're giving more to Republican campaigns. Not much surprise there either. I mean, Wall Street is mad at Democrats for leading the charge to re-regulate Wall Street and add new regulation to the extremely profitable Derivatives markets, etc. Republicans are pushing back against the idea of too much regulation on Banks. That's OK to some extent, but there's danger in doing that. Sure, it helps bring in more campaign donations, but if they're too successful, the Democrats are likely to soften their stand on regulation so they can get in on the good side of this cash cow. The thing is, we need some strong regulation of Wall Street and the Banking industry. Why, you ask? Because they don't understand that they are mostly responsible for the Great Recession we're in. I say we, but I don't mean to include Wall Street or the banks. They're doing great. With profits way up, they aren't feeling any discomfort. They're not laid off and on unemployment. When they were called to testify before Congress, they felt no fault on their part for the Recession. To them it was just one of those "bumps in the road" that "happen from time to time". So, let's hope the Republicans don't get to liking Wall Street contributions too much and let's hope the Democrats don't get too jealous and start eyeing up all that money. Because it's you and me that will pay in the end. Just like always.