Posted on 08/31/2010 2:01:59 PM PDT by Rashputin
The NYT describes why Wall Street is turning against President Obama. It claims that Wall Street’s overwhelming support for Obama in 2008 (70:30 D-R) has flipped (32:68 D-R) because of 1) Obama’s new financial regulations and 2) a realization that while “bankers, hedge fund mangers and traders supported the Obama candidacy because he [once] appealed to their egos” they’ve suddenly realized they were being set up all along to become the “villains”.
The zig-zag relationship between the White House and Wall Street is a story of partnership and betrayal. Daniel Loeb, one of Obama’s new critics said “it is easy to see why so many people have concluded that the entire system is rigged.” Sure, because it was a case of Wall Street scratching the politician’s backs while the politicians scratched theirs. But now that things are going bad, somebody has to hold the bag and Wall Street resents having to do it.
(Excerpt) Read more at pajamasmedia.com ...
Ya mean... there are still schmoes out there who haven’t realized they could be the next for the Bummer to hurl under his bus?
That American saying in god we trust....careful!!! Allah is moving in...Two hot new vids for you, dont know if you have seen them
On sharia global finance
http://www.youtube.com/watch?v=L7iHxl90CD0&feature=related
On sharia global Economy
http://www.youtube.com/watch?v=Qbb5s8hALVE&feature=related
Pass them on...also, note that AIG was the first to get Obamaade
I trust in God. Everybody else shows me their hands.
This guy is being generous. Obama was a tide. A reaction to W. These guys backed Obama because he was literally the only game in town. What they are pissed about is that having been bought, Obama didn’t stay bought.
Nothing pisses people off more than a politician that won’t stay bought.
You have it analyzed quite well.
I agree with your 2 and 3, but on your point 1, he must have been (or his campaign team) telling Wall Street one thing, because what he was saying on the campaign trail was, “We gotta take from some to help the rest,” or words to that effect.
In fact, part of the dismay Obama is having is that HE TOLD EVERYONE WHO WOULD LISTEN THAT HE WAS GOING TO DO ALL THAT HE HAS SO FAR. I’m sure he can’t figure that out. I’m sure he’s pissed at the left, because nobody’s ever gone that far left in his position before, and shouldn’t he get some credit for that?
The right he truly doesn’t care about. We’re not his people. He won.
That’s what’s so stupid about the premise of using the budget process to hammer the right leading up to the elections. Republicans are completely out of power. 50 votes in the Senate will do nicely, and they have that plus 9. They have plenty in the House too.
If I were McConnell, I’d tell the R’s ‘Vote your conscience on the budget’, knowing full well that Snowe and Collins are going to do whatever they want anyway. Brown’s an empty suit, which is sad in the same way Obama’s sad.
Brown is the right’s Obama. Finally put a Republican in that seat, and he’s not up to the job now that he’s there.
Too bad, really.
His ‘dismay’ is having to reconcile the different versions and lies he told based on which particular groups he was speaking to. I think if you’ll check, most of his radical fundamental change theory was spouted to select audiences prior to his officially announcing his candidacy. That, coupled with the MSM putting the soft touch on EVERYTHING he spouts.
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