January 7, 2014
Americans on main street may have a bleak outlook on the Obama economy in 2014, but President Barack Obama’s Wall Street campaign donors and friends are scoring record profits off the Obamacare debacle–a reality that may further complicate Democrats’ “income inequality” message when voters head to the polls in November.
The most recent Gallup poll finds that 56% of Americans believe the economy is getting worse. For Obama’s big money backers, however, the Obamacare fiasco has generated massive profits and contracts. In 2008, the healthcare industry contributed an astounding $22,471,562 to Obama–a sum nearly three times greater than it donated to his Republican challenger. Their “investment” paid off in 2013, as the healthcare sector index gained 37.5%, making it the S&P 500’s best-performing sector.
That means big gains for Obama’s big donors, notes Government Accountability Institute President Peter Schweizer. For example: