Tuesday, June 14, 2011

Remember those Fat Cat Wall Street Bankers Obama dislikes? Well, O is now asking them for Campaign Cash




Remember those Fat Cat Wall Street Bankers Obama dislikes? Well, O is now asking them for Campaign Cash

As with everything Obama says or promises, you can expect an expiration date. Obama slammed Wall Street executives and bankers, calling them "fat cats." On the other side of his face, he was hiring these fat cats and bailing them out. Now that 2012 is right around the corner, Obama is reaching out to this fat cats he excoriated in the hopes of building his $1 billion dollar campaign coffer.

Obama is your typical two-face, talk out of both sides of your mouth, politician.

From The New York Times:

WASHINGTON — A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House's Blue Room.

The guests were asked for their thoughts on how to speed the economic recovery, then the president opened the floor for over an hour on hot issues like hedge fund regulation and the deficit.

Mr. Obama, who enraged many financial industry executives a year and a half ago by labeling them "fat cats" and criticizing their bonuses, followed up the meeting with phone calls to those who could not attend.

He didn't criticize the million dollar bonuses his regime gave Freddie and Fannie executives.

The event, organized by the Democratic National Committee, kicked off an aggressive push by Mr. Obama to win back the allegiance of one of his most vital sources of campaign cash — in part by trying to convince Wall Street that his policies, far from undercutting the investor class, have helped bring banks and financial markets back to health.

Love it when a liberal news rag busts another liberal myth. For decades, Democrats have attempted to paint, with great success, the Republican party as the party with deep corporate ties. OpenSecrets.org exposed this myth recently by showing corporations, Wall Street fat-cats, Bankers, Lawyers and Unions donate the most to....Barack Hussein Obama and his party.

Last month, Mr. Obama's campaign manager, Jim Messina, traveled to New York for back-to-back meetings with Wall Street donors, ending at the home of Marc Lasry, a prominent hedge fund manager, to court donors close to Mr. Obama's onetime rival, Hillary Rodham Clinton. And Mr. Obama will return to New York this month to dine with bankers, hedge fund executives and private equity investors at the Upper East Side restaurant Daniel.

"The first goal was to get recognition that the administration has led the economy from an unimaginably difficult place to where we are today," said Blair W. Effron, an investment banker closely involved in Mr. Obama's fund-raising efforts. "Now the second goal is to turn that into support."

Do these idiots not read the economic numbers? Things are worse.

...Executives at large investment banks, a group that gave generously to Mr. Obama in his last campaign, are remaining on the sidelines for now. Only a small handful of such donors have appeared in Mr. Obama's joint campaign filings with the Democratic National Committee, though officials there said more would appear in the coming weeks.

...To offset those defections, Mr. Obama's campaign has deployed a corps of loyal Wall Street supporters who have fanned out to defend the president's record and stoke fatigued donors. They include Robert Wolf, the chief executive of UBS Group Americas; the hedge fund managers Orin S. Kramer and Eric Mindich; and Mark T. Gallogly, a co-founder of Centerbridge Partners.

...Members of the president's economic team and his chief of staff, William M. Daley, a former banking executive, have been more active in reaching out to Wall Street executives about policy issues, donors said, along with Mr. Messina and Patrick Gaspard, the D.N.C.'s executive director.

The campaign and its allies are also seeking to recruit a new group of high-level bundlers, supporters who recruit other donors. They include Antonio Weiss, the global head of investment banking at Lazard; Charles Myers, a senior managing director at Evercore Partners; and James E. Staley, the head of JPMorgan Chase's investment bank.

Sure sounds like someone is kissing up to these special interest groups and lobbyists. I thought Obama wasn't going to let special interest groups or lobbyists have a seat at the table. It's because they're in his bed.

Obama is a fat-cat loving whore!

 

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