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Obama Seeks to Win Back Wall St. Cash

j-mac

j-mac

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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.

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.

http://www.nytimes.com/2011/06/13/us/politics/13donor.html?_r=2
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Maybe Obama can open with a brisk reading of the Dodd/Frank bill....heh, heh....

But seriously, I thought that the DNC holding fundraising events in the WH for the sitting President was against the law?

j-mac
 
That is an interesting set of events..


Tim-
 
The seems to be no end to Obama's impudence. I can only imagine what the invitation to these executive read.

Dear Mr Wall Street Executive,
Hey you dirty bastard we are having a meeting in the Blue Room at the White House and if you would drag your sorry ass down here I could use your damn input on how to how to speed the economic recovery, you SOB.
Sincerely B.Hussein Obama
Jerk in Chief
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I find it interesting that conservatives always emphasize President Obama's middle name. It means "good" or "handsome." Conservatives appear to want to emphasize this fact.
 
Deuce said:
I find it interesting that conservatives always emphasize President Obama's middle name. It means "good" or "handsome." Conservatives appear to want to emphasize this fact.
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I find it interesting that after all the 24/7 whining about Wall Street and Corporations from liberals and The Democrat Party..........

..........Democrat supporters continue to teabag the president and the DNC....while the President and the DNC teabag WallStreet.
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...........and when a thread is created to highlight this menage a trois........the ever active liberal peanut gallery is nowhere to be found.
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Badmutha said:
I find it interesting that after all the 24/7 whining about Wall Street and Corporations from liberals and The Democrat Party..........

..........Democrat supporters continue to teabag the president and the DNC....while the President and the DNC teabag WallStreet.
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...........and when a thread is created to highlight this menage a trois........the ever active liberal peanut gallery is nowhere to be found.
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Is that even a sentance.......
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See, this is what pisses me off about Obama. We absolutely NEED stronger financial regulations in place to prevent the industry from plunging the economy into another recession, as the finance industry is very different from, say, the widget industry. Very few of the fundamental problems in our system that led to the last recession have been fixed...mostly due to pressure from the financial sector itself.

I understand that Obama needs campaign cash, but there are some things you can compromise on for political expediency and some things that you shouldn't. And reforming our financial system clearly falls into the latter category. :mad:
 
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j-mac said:
Maybe Obama can open with a brisk reading of the Dodd/Frank bill....heh, heh....

But seriously, I thought that the DNC holding fundraising events in the WH for the sitting President was against the law?

j-mac
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I'm not surprised. Obama is about big business, always has been. Ain't nothing changed.
 
Mr. Invisible said:
I'm not surprised. Obama is about big business, always has been. Ain't nothing changed.
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There is a huge difference in being for business in this country promoting free market ideas, and being for business only when you can squeeze them for campaign contributions, and the rest of the time use them as your rhetorical whipping post.

Surely you know the difference?

j-mac
 
j-mac said:
There is a huge difference in being for business in this country promoting free market ideas, and being for business only when you can squeeze them for campaign contributions, and the rest of the time use them as your rhetorical whipping post.

Surely you know the difference?

j-mac
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If they're his whipping boys... they sure aren't complaining about it.
 
Hatuey said:
If they're his whipping boys... they sure aren't complaining about it.
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Probably because they know he's done! It is only a matter of time now. Heck Obama can't even fill his appearances anymore.

But the larger question here is that this is political fund raising being done in the WH by the DNC. Is this, or is this not illegal?

j-mac
 
j-mac said:
There is a huge difference in being for business in this country promoting free market ideas,
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:lamo
Business executives despise the free market more than just about anyone else in this country.
 
j-mac said:
Not the smart ones.
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Yes they do. They LOVE government intervention in the market, as long as it comes in the form of subsidies to them, protectionist barriers to trade, or regulations that harm their competitors.
 
Kandahar said:
See, this is what pisses me off about Obama. We absolutely NEED stronger financial regulations in place to prevent the industry from plunging the economy into another recession, as the finance industry is very different from, say, the widget industry. Very few of the fundamental problems in our system that led to the last recession have been fixed...mostly due to pressure from the financial sector itself.

I understand that Obama needs campaign cash, but there are some things you can compromise on for political expediency and some things that you shouldn't. And reforming our financial system clearly falls into the latter category. :mad:
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Took the words right out of my mouth.

Why is our President inviting the source of the problem to the White House in order to have a quaint little meeting about regulations that could be a solution?

Don't involve those people at ALL. You are the government - you tell them what to do since they ****ed up so badly.

Sometimes I think there is no hope for the Republic. The cronyism and career politicians who only care about themselves are screwing us daily.
 
j-mac said:
There is a huge difference in being for business in this country promoting free market ideas, and being for business only when you can squeeze them for campaign contributions, and the rest of the time use them as your rhetorical whipping post.

Surely you know the difference?

j-mac
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And, uhh, which party do you see as being the first one?
 
Obama is becoming like the kid that gets picked last when they choose teams. No one wants hopey-changey on the agenda anymore.
 
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