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Book alleges JFK took intern's virginity
NEW YORK, Feb. 8 (UPI) -- One-time Wall Street supporters of U.S. President Barack Obama are turning against him as he pushes for new regulations, The New York Times reported Monday.
The newspaper said some of the large firms whose leaders made big contributions to his 2008 presidential election are now making contributions to Republican opponents and are rebuffing pleas from the national Democratic House and Senate campaign committees.
The Times reported the shift is taking place because Wall Street financial firms aren't happy with Obama's proposals for tighter financial regulations to prevent the kind of speculative bubbles -- fueled by the trading arms of Wall Street banks -- that were blamed for the financial crisis.
Wall Street is experiencing "buyer's remorse" in backing Obama and the Democratic Party in 2008 and are upset by the president's characterization of bankers as "fat cats" responsible for the deep recession, the Times said.
"I understand the public outcry," BB&T chief executive Kelly King said. "We have a 17 percent real unemployment rate, people are hurting, and they want to see punishment. But the political rhetoric just incites more animosity and gets people riled up."
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| Additional U.S. News Stories | |
The following are the dates for the 2012 Republican presidential primaries and their results. All are Tuesdays unless otherwise noted:
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NEW YORK, Feb. 8 (UPI) --
Hip-hop star Jay-Z headlined a 2-hour show at New York's historic classical music venue Carnegie Hall this week.
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TOKYO, Feb. 8 (UPI) --
A steep temperature rise in the No. 2 reactor at Japan's crippled Fukushima nuclear power plant has sparked new concerns about government claims that the facility has been stabilized.
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