Wall Street Finally Coming To Their Senses

I never understood why the titans of Wall Street supported Democrats.  It must have been some sort of masochistic attraction to punishment, since Dems haven't missed an opportunity in the past several years to demonize Wall Street and the rich.

Well, at least one executive has had enough (from Daily Caller):

Wall Street ditches Dems for GOP -- After giving heavily to Democrats in the last election cycle, Hedge fund managers are switching sides. "Daniel Loeb, founder of Third Point LLC, was one of the biggest Obama fund-raisers in 2008, rounding up $200,000 for him, according to campaign-finance records. In the decade prior, Mr. Loeb and his wife donated $250,000 to Democrats and less than $10,000 to Republicans," reports the Wall Street Journal. "But since Mr. Obama's inauguration, Mr. Loeb has given $468,000 to Republican candidates and the GOP, and just $8,000 to Democrats." Loeb, who is but one of a number of big money types to play for the other team, summed up his feelings in a widely circulated email initially sent to just a few friends: "I am sure, if we are really nice and stay quiet, everything will be alright and the president will become more centrist and that all his tough talk is just words...I mean, he really loves us and when he beats us, he doesn't mean it." In reality, the spankings never stop. 

Welcome to reality Mr. Loeb. Just like the black community, the gay community, and many other groups, Obama will tell you what you want to hear while at the same time doing the opposite. For some reason there are a lot of people who are willing to ignore his actions while swooning over his words.