Who gets the most money from Wall Street?

One of the most common attack lines from the President of the United States is the fat cats in Wall Street are destroying America. Democrats have attacked Mitt Romney and the GOP in general as being in the pockets of Wall Street. But who is really the biggest recipient of Wall Street money?

Answer: Barack Obama!

Surprised?

“They’re going to try to make look like Mitt Romney big Wall Street guy when the truth is Barack Obama is,” Glenn said.

Glenn and Pat even played video of Chuck Schumer admitting this fact.

“If you happen to be listening to me and you’re retired and you’re one of these guys who have made it, and you’re walking around, teatime get your ass off the golf course. This guy is taking this country apart, and the people who’re helping him do it are the people that replaced you. Because you retired. The people who’re giving him all of this money they’re playing this game,” Glenn said.

“You’re putting your money behind a guy who is — there’s not going to be anything left of this country. If you are like me, and you have had some success in your life. You started out with nothing, and you built it yourself, Bill Gates is a good example. He started in his garage and he built it. He should be training people. He should be teaching people. He should be the biggest supporter of the entrepreneurs on the planet. He should have all kinds of apprentice programs. Start in your garage like me. That’s the American dream. Whatever that you find happiness in and you pursue, and you throw your all into it.”

Glenn said that if you pursue your dream and people find value you in what you make then you can achieve incredible success. That, he said, is the American Dream.

“If you’re somebody on the golf course if you’re somebody retired what are you doing. You’re saving your money for what? For what, because you want to pass it on your children. Your children won’t have anything to do it. — please if you’re somebody with money have you doing what they’re doing to the value of the dollar. Have you looked at the federal deficit. Try to pay it. You can’t. The debt cannot be paid. So what’s that mean for your dollar? What does that mean for your investment. Those dollars are going to be worth lessor worthless at some point. Now is the time to invest in somebody. Namely your children. Your grandchildren. Invest them in teaching them how to be an entrepreneur. Teach them — take, and brand the entrepreneurial spirit on to their soul.”

  • Guest

    Very good question!!!!!!!!!

  • http://www.artinphoenix.com/gallery/grimm snowleopard (cat folk gallery)

    This is the whole crux of the situation we are facing; radicals are in the White House and nearly complete in their plan ot collapse the system completely. The top is soon to come down and then there will truly be blood and steel.

  • Donald Dienst

    Everyone but Ron Paul is a Wall Street guy. They are all in their pocket and thats the problem and why nothing will change no matter who you vote for – EXCEPT RON PAUL.

  • Anonymous

    The war never stops: some fight, some are killed or injured, some choose not to fight.

  • http://twitter.com/JoshTheBoschke Joshua Boschke

    Who gets the most donations from active duty military? Ron Paul; in fact, he gets more donations from them than the rest of all current presidential candidates COMBINED.
     
    Who gets the least donations from Wall Street? Ron Paul.
     
    Ladies and gentlement, this is the guy you must vote for.

  • Anonymous

    Here’s a question:  With Obama trashing the righ, wealthy and Wall Streeter, why the hell do they continue throwing their money at him????

  • Anonymous

    OK, if he wins the Rep nomination, he’s got my vote.  But, I ask you – PLEASE ask HIM to leave it alone if he doesn’t win the nomination~ !  Remember what the other little Texan did to us in 1992?  God help us.

  • General Kota

    Obama is such a hypocrite. He hates the fat cats but loves their money. Anyone but Obama 2012!

  • Anonymous

    Hey Glenn??

    America’s Choice 2012

    Wall Street bets big on Romney
    By Jennifer Liberto @CNNMoney

    February 1, 2012: 3:42 PM ET

    Mitt Romney led all presidential rivals in contributions from financial
    services industry firms and workers in 2011,

    followed by President Obama, Newt Gingrich, Ron Paul and Rick Santorum.

    Wowee, Wow,  Whooooooaaaaaaaa!!!!!!!                                                                                                             

    REALITY IS SUCH A BITCH…….     HUH!!!!!!                                                                                                

    NOW WHAT DID MOMMY TELL YOU ABOUT FIBBING GLENN?????

  • Anonymous

     It has been stated that he who has nothing worth dieing for has nothing to live for.  If I had nothing that I place higher than my own personal pleasure, I would be useless. The big problem in our country today is that over half our citizens don’t take the time and effort to find the truth and allow themselves to be indoctrinated by the socialist media. It is stated that Obama is a symptom of a electorate who were so uninformed as to elect s man like him (not exact words but the jist). I have long believed the downfall of our nation will be the vote of the ignorant none producer brought about by the one man one vote thinking we fight so hard to protect to the detriment of the survival of our nation.

  • http://www.facebook.com/profile.php?id=100002138098531 Caitlin Nicholas

    If you want the REAL TRUTH, check out OLE GLORY NEWS 
    http://oleglorynews.com/

  • Anonymous

     Hey Glenn??

    America’s Choice 2012

    Wall Street bets big on Romney
    By Jennifer Liberto  @CNNMoney
     
    February 1, 2012: 3:42 PM ET  

     Mitt Romney ($12,042,816) led all presidential rivals in contributions from financial
    services industry firms and workers in 2011,

    followed by President Obama ($5,086,611), Newt Gingrich ($460,173), Ron Paul($317,524) and Rick Santorum ($232,700).

               
             Wowee, Wow,    Whooooooaaaaaaaa!!!!!!! 

            
     
                                                 REALITY IS SUCH A BITCH…….   HUH!!!!!!                                                                                                                                                
                                                                                                        

                      NOW WHAT DID MOMMY TELL YOU ABOUT FIBBING GLENN?????

  • Anonymous

     At least Vote for an Old Guy.  He won’t live long enough to drain the coffers on Pension.   (>: 

    Foks, he’s not sexy enough.  Women and the young will not vote for him.  
    We know that some of his proposals would never pass congress.  I believe he would keep his Veto Pen handy, in his shirt pocket, or on a chain around his neck.

  • Anonymous

    Back when Joe Louis was the Champ, my late father-in-law, a former boxer, always told me, “Never vote against the winner.  You only lose once”.

    I could always get my dog to do tricks and behave as I wanted by *Giving Her A Treat*.  She was *Conditioned*, like some voters.

  • Anonymous

    Charles Schumer………I thought so and Nancy Pelosi perhaps.

  • Anonymous

    Its
    because we live in a system where success depends more on political
    connections than on satisfying the marketplace. He may say tax the
    rich etc, but through tax loopholes and favorous regualtions, etc,
    they actually get more money. The only concern almost any politican
    has is there own, especially Romney, Newt, and Obama. Even Santorium
    wont make the necessary decisions to save this country. Plus Ron Paul
    is the only one that can beat Obama, without the independents, no one
    else has a chance, and the right will vote for Ron just to beat
    Obama, but no independent is getting off the couch for Romney. Many
    will go back to Obama before anyone but Ron Paul.

  • Anonymous

    Obama also gets more money from active duty military than all the Republican candidates combined with the exception of Ron Paul, as well.  Does that mean they prefer Obama over people like Santorum or Cain?  I hope not.  That argument is moot.

  • http://twitter.com/paoligarcy Paolina Garcia

    It’s the other way around. Remember what Dole did to the Texan? Frankly I believe Ross Perot when he said people threatened his daughter’s marriage and that’s why he pulled out (then later re-entered). They then labelled him a quitter and used that to bludgeon him out.

    If Perot had been elected, the border’d be secure, there’d be no NAFTA “sucking sound”, and we wouldn’t have been paying trillions to put troops in Germany and South Korea who can defend themselves just fine.

  • Anonymous

    But is it Obama Money or the real stuff?

  • Anonymous

    Romney does not have a billion dollar war chest, Obamao does. You think that came from private donations? Man, you are dumb.

    P.S. that is only donations, wait till the superpacs start running the Obamao ads…

  • Anonymous

    As oppsed to the fake truth?

  • http://www.facebook.com/people/Sandy-Caruso/1587245855 Sandy Caruso

    Obama getting Wall Street money??? surprise, surprise!

  • Anonymous

    Yep, good advice, Glenn.  If you have money, invest in your family NOW.   My husband has

    always been frugal and had investments when we married.  He held on to them and continued

    with IRAs.   With no personal debt, we are able to ”gift” our children each year.  Both sons have

    recently purchased their own homes/places and we were very happy to be able to give them

    money toward that.   Our youngest set up 529 plans for college funds for the 3 grandchildren

    and it pleases us to be able to contribute to them.  We have been blessed by God and live

    very simply.

  • Anonymous

    TMO,  They are hoping he will choke on it?

  • Anonymous

    I can’t believe people don’t get this. How do you people think Wall Street makes money? Don’t any of you remember how the bubble was built in the first place? Remember the ’90s? Taxes were higher for the rich in the ’90s and they were raking in the dough and solidifying their hold on every market.

    People, pay attention – Government synergy with corporations, the corporate fascist system that we currently have, protects the largest businesses. It allows the wealthiest families to continue to make money using the current numbers game while insulating them from competition from below. They don’t care about income tax. Inflation is good for them. They have the money to move to make money off the rest of us using the numbers game as our country flounders. And they know that Obama will support them no matter what.

    If our current system collapses with Obama in office, do any of you think that the richest people on Wall Street are going to be the ones to suffer? Who do you think is going to feel it most? Middle and lower tier businessmen. The competition for the higher ups.

    I can’t stand it. I have to cradle my head in my hands wondering how so many people don’t understand this. These people are from wealthy families. They have safety nets everywhere. They don’t care about income tax. They don’t care about inflation. Income tax and inflation are their concrete barrier against them failing and against anyone from the middle challenging them. What do you all think the bailouts did? What poor person benefited from the bailouts? NONE.

    Think about Russia and Europe. When you have socialism, socialist fascism, or communism in place you have a bureaucracy of the wealthiest people in each country running things. They only present limited options for who is allowed to run for office. They own all of the businesses. They use the government controls on the market to insulate their wealth against any possible competition.

    IT’S FEUDALISM for crying out loud! Don’t you get it? They’ve been playing this game for over a thousand years! Generation after generation of the same families ruling over the lower class serfs, with no hope of elevating ones status unless one breaks into one of the ruling class families.

    The free market removes the protective system from the ruling class. Why do you think our Founders did what they did? How can everyone have equal opportunity if a ruling class exists? Elected or not, that’s what collectivism does. It creates a ruling class and a servant/serf/slave class. The free market terrifies the wealthiest people in this country because it threatens their dynasties.

    Just think for a minute. If higher taxes and inflation hurt the rich, and the rich have all the money, would we ever hear a campaign preaching higher taxes, more entitlements, and higher minimum wage? They would never be able to get the funding for it.

    The wealthiest people in the world don’t broadcast their wealth. But, out of those that we have an idea of their wealth, the three wealthiest are FOR higher taxes and a continuation of this system that continues to devalue the dollar and create artificial inflation. Bill Gates, Warren Buffet, and George Soros. Do you think that’s a coincidence?

    Once and for all: A truly free market is a THREAT to the wealthiest people and the largest corporations. Collectivism is their insulation against the lower classes.

    It’s not just the tax rate or inflation – It’s the whole system stupid!

  • Anonymous

    i keep saying this, bho’s base is dumb.  they believe EVERYTHING bho says.

    ALL HE HAS TO DO IS SAY IT!

    glenn, americans ARE slow and stupid.

  • Anonymous

    Glenn is trying to defend Mitt Romney again even though he doesn’t support him.  What is the difference between Romney and Obama?  Both like socialized medicine.  Oh, I see Glenn one got a little more money from wall street.  But is this relevant, because on issues thay are the same.

  • Anonymous

    Hey Glenn, all software will slow a computer down. Find another analogy.

  • Anonymous

    Fear.   The SEC is scared of this administration;  why that is, is anyone’s guess.

  • Anonymous

    Thanks Caitlin, I especially liked the article “Let your heart lead your vote, not the polls”.  Very Good.
     http://oleglorynews.com/2012/01/17/let-your-heart-lead-your-vote-not-the-polls/

  • Anonymous

     There’s a lot to be said about giving a man hope. Hope encourages and inspires. It spurs people to attempt what appears to be the impossible. President Obama has long been good at presenting the future as one of hope. Unfortunately, thus far his ability to paint lovely pictures has proved much more deft than his ability to make those pictures a reality.

  • http://pulse.yahoo.com/_3FFQPUPI7O26EKCTEL3XM5DKCU DanielK

    When  Mr. Obama was first running for election all he offered was platitudes. All of his messages was devoid of what and how he would accomplish what he promised with just a little bit of taking other peoples money and spreading it around sneaking out thanks to the ‘plumber’ who stood up to him during a question and answer campaign stop. But many people bought into his false promises. …….Now, this time President Obama has a track record that is devoid of real accomplishments. He is borrowing 42 cents of every dollar that our government spends. While President Bush doubled our debt over 8 years. Obama is on track to more than quadruple our debt in just 6 years. Look…3 years into his presidency he is responsible for  $5.3 Trillion dollars of our total $15.4 Trillion National Debt.  His share is more than one third of everything we ran up in debt since the founding of our country. What has that $5.3 trillion accomplished over the last 3 years?  A growing economy? NO., Many new jobs with unemployment back at 5% ? NO.
    More domestic energy production? NO. Repeal of Obamacare because that will cost over $1.8 Trillion and destroy jobs, an because some 69% of all Americans dissapprove? NO.
    Lower corporate taxes to help our companies be competitive here without having to export jobs overseas? NO, Obama does not believe in competitiveness, nor in lower taxes.
    Do you approve of Obama’s race baiting and class warfare? Did you work hard to get where you are in life? Are you willing to give half of what you worked for to the lazy and those who refuse to get an education or an employable skill? So tell me, why would you even consider voting for Obama? One last point, Obama’s Socialist agenda is a offer of hope based on a mathematical impossibility. Those are not my words but the words of two time Nobel Prize Economist Frederich Hayek concerning Socialism. Professor Hayek was also considered Reagan’s economist.

  • Anonymous

    Spot on.  Unfortunately Modern Americans have not been taught how to be free thinkers and make their own decisions. 
    This makes Americans very susceptible to being duped by the MSM which plays the perception game.  meaning, if they say something enough it becomes true.

    It’s a shame FOX news is doing the same thing to republicans trying to dupe them into believing “romney most electable”.

    If Romney wins nomination, Obama wins Re-election!!

  • http://PalinsDirtyLittleSecret.blogspot.com/ UStyrannyClick4Proof

    There is no democracy. Our next election is shaping up to be as big of a sham as the last. Do you know why Sarah Palin’s bus tour was really canceled? Do you know why she stayed 30 miles away from the second debate and chose the death of Steve Jobs to announce that she’s not running? Know what leaked out? Sarah Palin and Cain aren’t in the race for the same reason, the truth leaked out. The link in my name exposes the biggest cover up in history
     

  • Anonymous

    Wow, was this story an endless barrage of bullsh** and lies.
    I always love the doom and gloom that glenn tries to scare his cult with, but why does he have to lie about Bill Gates to support his idiotic rants.
    Quick update becklings…
    Bill Gates didn’t hatch Microsoft by himself.  He purchased another system from an inventor who didn’t know its real worth.  Even Steve Jobs stole point and click from XEROX, with their permission.
    If there are any older and wiser Americans out there who haven’t drank glenn’s kool-aid, please remember that one of the greatest gifts you can teach your children or grandchildren is that glenn beck is a lying, bigoted vulture.  Keep glenn from whispering any more whiskey soaked advice to all future Americans.

  • http://pulse.yahoo.com/_63M2KSGFVZEDMJQMO2BB7EX47M Gert B Frobe

    I really hope that people aren’t just thinking Wall Street is all bad and any affiliations with Wall Street shows some level of corruption.  I consider that left thinking and stupid at best as Wall Street is where you can make alot of money without breaking any ethical code while doing so.  Again the super small minority of people on Wall Street found a way to rip off thousands and did it regardless of ethics.  It usually is the super small minorities that create the problem and then a negative stigma is attached for all who are associated.  I would personally work on Wall Street if I had the savvy and market knowledge as that is the whole point of investing/trading.  Romney is not my choice, but I don’t condemn him on Wall Street matters.

    I like Ron Paul alot for pretty much his nationalistic thinking and the understanding of the root of this country’s inception, BUT we cannot run this country exactly like we did back in 1776 as we have a global economy that we are responsible for that didn’t exist back then.  Since a large portion of our economy is from foreign interests, we must find a way to continue that or produce more in house to counter the dependance on foreign markets.  Nixon setup the good relations with China and Clinton essentially was the “outsourcer” of jobs with NAFTA was used and crippled our economy, but I digress!

    Obama is essentially a hypocrite as he didn’t fundamentally transform our country at all….he just tried to mirror Europe and he is using Wall Street to fund his agenda while slamming those who profit from trading and investments (head scratcher). 

    In a nutshell, if you support Obama’s agenda and administration, you will be protected by his administration by kick backs and tax loopholes that he specifically states he is trying to close.  That’s the hypocrisy that baffles my mind as he lends out waivers to thousands to create this dependance.  Wall Street has NOTHING to do with THIS type of wealth and redistribution.

  • SoThere

    For today, and every day you post here, I will post your lies on every comment you make on this site…. 

    Your hate and ignorance is not winning any converts here. You’re the butt of jokes and ridicule.

    Please see a professional about your fixation on little children strtlk/mtclayboy.

    You’ve been caught in your lies and have no credibility here. You’re a Wikipedia sailor and a lying puke. 

    1. As mtclayboy you claimed that you served on a BOOMER. As strtlk you claimed not to know what a Boomer or a SSBN was “I don’t care” were your exact words. You also stated that you didn’t know where Bangor, Wa. was which is where Boomers (submarines) are fitted for duty.
    Any real Submariner would know that. You didn’t!

    2. You then changed your story and claimed that you were on a BOOMER. You lied.

    3. As mtclayboy you claimed that you had damaged your ears while serving on a Submarine. As strtlk, you claimed that you damaged your ears while serving on a submarine.

    4. As mtclayboy you claimed that you joined the Navy and served for five years on a submarine but according to the timeline you gave that was proven to be a lie. You lied.

    5. As mtclayboy you said that you were a Fireman. As strtlk, you claimed you were a Fireman.

    6. As mtclayboy and as strtlk, you posted the same bigotry and hate against Glenn Beck almost word for word even using the same spelling and grammatical errors and focusing on the children. I’ve posted many of them here already.

    Are you catching on everyone? He’s a liar plain and simple and nothing he claims can be believed. Take your bigotry and hate and Phony Soldier ID and leave us honest people alone?

    Flag the idiot.

  • Anonymous

    I agree Barrack Obama does receive the most money from Wall Street, but isn’t it disingenuous of Mr. Beck not to point out that Goldman Sachs is Romney’s largest donator. Please go look up Goldman Sachs and their role in all this.

    C’mon Beck, how about a little full disclosure on who your candidate really is, so everyone will know your bias upfront. Remember the truth will set you free!

    This is whats wrong with both the left and right establishments and many people in general. It’s only wrong when the other side does it.

  • http://pulse.yahoo.com/_TPYB7J2BTVYJ4JKBQZTMAU3BNQ Vinny

     1. Goldman Sachs CEO, Lyold Blankfein - Jew

    2. World Bank CEO, Robert Zoellick – Jew

    3. Ex World Bank CEO, James Wolfesen – Jew

    4. Federal Reserve Chairman, Ben Bernanke – Jew

    5. Ex Federal Reserve Chairman, Alan Greenspan – Jew

    6. IMF Deputy CEO, John Lisky - Jew

    7. Obama Treasury Secretary, Tim Geithner – Jew

    8. George Bush Treasury Secretary, Hank Paulson – Jew

    9. Bill Clinton Treasury Secretary, Robert Rubin – Jew

  • SoThere

    Your a liar and a Phony Soldier. Lets go through your lies and timeline once again.

    Please answer a few questions for me. I’m trying to get the timeline.

    1. You said that your mother was a Crackhead and your Father abandoned you. You lived in a one room flat, was on welfare, eating McDonald’s double cheeseburgers that gave you all kinds of medical problems, then the Military FORCED you to enlists. Just who and how did they do that?

    2. According to you, that was 2000. You said that you were in a special unit so you weren’t deployed to Iraq until 2009. Why 2009? What was your MOS? What Unit were you in?

    3. You said that you played Volleyball with the Iraqi children. When did Volleyball become a favorite of the Iraqi children? Did you set up the net or did they?

    4. You said your PA (flak jacket) weighed 50 lbs when everyone knows that the PA worn by the Army in 2009 weighed only 23 lbs. What did the Soldiers do with those outdated (flak jackets)? You should know this one, right?

    5. You said that you have 2 Bachelor degrees (5 years of study full time, maybe 4 if you really push yourself). Where did you go to school, what are they in and how did you get them while you were on active duty in the army, moving from base to base?

    6. What was Dallas? I mean, what did it look like?

    7. You said that you teach children as a substitute teacher. When did you teach children and what School did you go to to get your teaching credentials and when did you attend that school?

    8. You also said that you spent 2 years on the street as a police officer. What Police Academy did you attend and where was it? Lets see, one year in the Police Academy and two years on the street as a Police Officer.

    9. You claimed that you made the “National Deans List” at College. What college was that?

    Please answer these questions and explain how you did all these things when you were in the Military from 2000 to 2010. I just can’t see the timeline for all your accomplishments, Vinny.

    OH, one more thing, why do you hate the Jews? The fact that you’re a anti-Semite bigot and Jew hater speaks for itself.

  • Anonymous

    The question isn’t “Who gets the most money from Wall Street?”. The question is “Where is Wall Street getting most of it’s money?”.

  • Anonymous

    Glenn Beck the opportunist is defending his candidate again.  He does not need too convince you that Obama is a socialist, liberal, progressive, he knows you already belive this.  What he is really doing is trying to convince you that poor Mitt Romney is not.  The only problem is Mitt Romney said he was a progressive.  Glenn did not play that for you, did he? 
    Mitt Romney passed Romney care, he is for TARP, he is for cap and trade, he passed a mini version in TAXACHUSETTS. 
    Nope, he does not tell you about this.  He only will tell you about Newt Gingrich and if you vote for him or support him you are a racist.  Glenn actually said this about Tea Party Patriots who support Newt.  He said Newt was Obama Lite.  Why didn’t he say Mitt Romney is Obama Heavy.  Because he supports him that is why.  He hinds behind Rick Santorum, when we all know he supports Mitt. 
    Allen West  Marco Rubio 2016

  • Sickof thisish

    Glenn you are part of the problem and just as bad… in the name of money….  You’re feeding misinformation to people who believe in you. 
    How much are you gonna get for posting this article?Shame on you. Obama has been a horrible president, there is no doubt about that…. no one can argue. “They” don’t have to try anything… Mitt Romney is a huge Wall Street backer and will only further bring this country down the financial slide. 

  • Anonymous

     
    What you have stated will more than likely to be true, however it is not currently factual. There is no argument with your assumptions, we shall see what happens in the future.

    However my issue is in your use and tone of words when addressing the one making reference to documented facts that simply point out an undeniable truth!  Why would you resort to the use of the pejorative “dumb”, quote: “Man, are you dumb”! 

    Resorting to such a tone speaks more about Glenn’s and your issue with reality then it does about my address of current facts !