Posted on 09/30/2011 12:08:41 AM PDT by thecodont
Reporting from New York— The race is on to tap one of the most vital sources of campaign cash — Wall Street — and the early results are not looking good for President Obama.
The president's campaign struggled this week to sell out a fundraising dinner Friday at Manhattan's gilded Four Seasons restaurant despite its being hosted by America's No. 1 capitalist, Warren Buffett, according to people close to the campaign who were not authorized to speak publicly. The dinner for 100 was also a relative bargain at $10,000 a plate; recent fundraisers in Hollywood and New York have gone for $35,800 a pop.
The episode highlights a worrying trend for the Obama campaign. Wall Street, a key contributor to Obama in 2008, seems to be switching allegiances.
"His record has been one of reform and that has been an uncomfortable process for some of the major sources of political cash," said Sheila Krumholz, executive director of the Center for Responsive Politics, which tracks political fundraising.
Or as one big-ticket Wall Street fundraiser for Obama put it: "It's more difficult this time around."
The race is far from over, but Obama's difficulties speak to his contentious relationship with the financial community. After raising $43 million from the industry in 2008, he has spent much of his first term railing against Wall Street's excesses. Pushing for financial reform, he made a reference to "fat cat bankers" that still has executives smarting.
(Excerpt) Read more at latimes.com ...
Wondering if at the end of the day whether Obama will even be the Democrat nominee. He seems to be doubling down on socialism as if his time is short.
For Obummer, it is over. The stories of serious problems are just gushing out anymore. I don't see how he is going to have time to go after independents if he is struggling just getting the base on board this time.
Soon we will be done with everything Obama.... Then we’ll just be left with the mess to clean up.
The media made 0bama so the media can destroy him.
Don’t think the LA Times has had a change of heart.
They’re still a pit of leftist snakes. If they’re against
0 it’s because they feel he’s no longer an effective leftist.
They’ll try to pump up some other leftist worse than 0.
Not support some conservative.
The media made 0bama so the media can destroy him.
Don’t think the LA Times has had a change of heart.
They’re still a pit of leftist snakes. If they’re against
0 it’s because they feel he’s no longer an effective leftist.
They’ll try to pump up some other leftist worse than 0.
Not support some conservative.
Maybe they’re sick of having their life’s work destroyed by a dirty communist moslem married to Chewbacca.
The fact that these idiots contributed to the Malicious Moslem in 2008 makes my head spin.
Well, reading this site, it seems most plan on staying home unless their dreamboat gets the nomination, so Obama is not finished yet.
He will have the help of the 98 percent or nothing crowd as well.
Why don’t you tell us what you really think?
LOL!!!
“Why don’t you tell us what you really think? LOL!!!”
Well, Christ. Sometimes I look around at all these morons, thinking, “DID YOU JUST GIVE $10,000 TO A MOSLEM WHO KEEPS ANNOUNCING HIS GOAL OF DESTROYING THE UNITED STATES AND SLAPPING 300,000,000 AMERICANS BACK TO THE STONE AGE.... TO SATISFY HIS CRAVING FOR THE SAME MARXIST FANTASIES THAT PROPELLED COMMUNISM AND FASCISM OVER THE PAST 100 YEARS?”
I mean, what were these Wall Street clowns smoking when they attended his fundraisers? Lip service is one thing, but they really fueled his campaign with tons of cash, even while he was on TV pledging to “Bankrupt the coal industry.”
I know some of those guys, and I always thought they weren’t as bright as advertised. This whole “Omoslem Project” proved me so correct that I might have trouble digesting the BACON sandwich I’m gonna order in about 20 minutes.
About F’ing time!!!!
and now we have the “Buffet tax”...?
Helluva legacy, Warren
I mean, Hell-O McFly?
If Obama is not the nominee or if he chooses not to run, does he get to keep his multimillion campaign warchest?
“He will have the help of the 98 percent or nothing crowd as well”
...I don’t think the same number of blacks will vote this time around.
Bambi's record has been anything but "one of reform." It has been one of unprecedentedly blatant corruption, the completely illegal takeover of private businesses, and the extortion of businessmen and companies through government intimidation.
These people initially thought they could buy their safety but maybe now they are realizing that no matter how much money they give him, they're safe only until he wants more (such as their business and everything they have).
When Wall St. contributes to Republican campaigns, its with the objective of promoting free markets and lower taxes. That’s why KKR has contributed to Republican candidates for years.
When Wall St. contributes to Democrat campaigns, its so that when the damage is done to business, they hope it will pass over their particular business or industry (crony capitalism, or “protection” money) like the Holy Spirit during Passover in Egypt (excuse the reference). There is also the factor that many rich liberals are their clients, so there is some snob appeal and “we’re all in this together” feeling. The problem with Obama is that his first term was so overreaching in terms of socialism, and his rhetoric so anti-business and divisive, that it could not help but affect all businesses, and also cause the economy to stagnate in the process. These are two separate elements, by the way. The result is the shift in funding you see happening now.
“Money is a coward.” Wealth runs like a baby to the place that makes it grow, or in this case, the place that doesn’t try to reach out and destroy it.
Rich liberal guilt is a destructive force.
Buffet’s liberalism has gone a long way to chip away at his lifetime contribution to the idea of free markets, and the idea of profiting by truly understanding how value is created in a society (which, ironically, he very well understands.)
It’s as if he feels like he needs to apologize for his life, and we all are paying the price to assuage his guilt.
Yep.
He could always switch parties . . . and run as a socialist party candidate. He will probably get more than the 96 or so votes that NY-9 got.
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