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by Vincent Desjardins
It looks like all that talk about the banksters being mad at Obama for saying all those mean things about them has been overblown.
Finance types might not be publicly supporting President Obama the same way they did four years ago, but they haven’t run away to the GOP — yet. At last week’s Daniel fundraising dinner, the president raised $2.3 million, instead of the projected $1.5 million. There were some fairly deep-pocketed Wall Streeters willing to go public with their Obama support, like Mark Lasry of Avenue Capital. And even if finance’s most recognizable faces and erstwhile Obama supporters like Jamie Dimon and Lloyd Blankfein weren’t in attendance, that might not have been such a bad thing for a president still trying to convince the country (and his liberal base) he’s not in the pocket of Wall Street.
“A picture of Lloyd and Obama together probably isn’t helpful,” one of these people said, speaking on the condition of anonymity to avoid upsetting his role in the campaign.
Probably not.
But wait — aren’t the banksters still pissed about that “historic” financial regulation bill Obama signed?
For their part, bankers might still be peeved at Obama’s promises to ratchet up regulation, and all of his “fat cat” namecalling, but, ” many say privately that his bark has been worse than his bite.”
It’s not encouraging to see that the people who destroyed the global economy through their greed and criminality don’t fear the US government.
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Why should they? They own it.
no shit!
Why are the Bankers afraid of Elizabeth Warren but not the PRESIDENT?
I’ll go out on a limb and guess that, during the little soiree at Daniel,
O didn’t lash out at the attendees as `sanctimonious purists’.
Well, I suspected as much. You putting in writing gives me ammo to use on the Obamabots. That said, nothing will convince these obama drones that he is just another filthy corrupt politician.
I find it hard to believe that big finance would prefer any of the GOP candidates to Obama. Any Obama administration will perform as they want it to. And any Obama administration will not cater to labor, to the poor and needy, will not burden finance capital with any measure that would jump start the economy and improve the unemployment rate. Obama’s war making and the threats his administration poses to the Constitution, the Rule of Law, the personal security of some American citizens, etc. will not bother finance capital. Both are components of America’s predator state, and the Clinton-Obama wing of Democratic Party provides the best possible governors for that state.
But….This is impossible. He’s a Marxist Kenyan Socialist!
“OK, you bad Wall Street Bankers. No more Bollinger Reserve for you tonight.”
Yeah, that’ll teach ‘em…
He’s a president of all the people
Google the pictures of him having dinner with the 100 longest term unemployed the next night. His words reassured those who have lost everything to the bankers.
The night after that he had dinner with a 100 homeowners who lost their homes. Startling pictures his grace and understanding of the homeless little people.
The Google doesn’t work for those nights for some reason but really there are pictures out there.
I’d take that in a second over this bulls*it.
IMO and from observation, wall street bankers don’t care what people say. They care about the bottom line. They lie like most people shake hands. They know the banker sitting next to them at the table is hosing them in return for their own lies. It’s the bottom line. They have skin thicker than a concrete road. Wall Street laughs at the names Obama calls them the same way fraternity brothers chide each other. It’s great fun. When all is said, it’s about the bottom line, who was never investigated or sent to jail or camp white collar, and who continues to collect campaign contributions.
They’re gonna be watching you, tjbs.
Love yer snark.
;~DW
Here in suburban yuppie hell I see more and more Oilbomber 2012 bumper stickers. The Obots are in sleep mode now, configuring their brains to forget what Oily O has done and not done during the last three years or so. Gore Vidal called this country the United States of Amnesia and boy is he right!
Wonder how much Lord Blankstain and Golden Sacks are going to bribe Oilbomber this time to look the other way?
<blockquoteThey have skin thicker than a concrete road.
Great line. Gonna steal that one and use it myself.
Rest of your comment is dead on, too.
I wish we had a picture of Obama giving the lord of Golden Sacks a big hug. Would be a great anti-Obama campaign picture.
How anyone can see Obama as remotely “Democratic” (in the old school sense of the party) or, goodness know, “socialist” is waaaay beyond my understanding. I “get it” that the dittoheads have been so brainwashed that they cannot see straight and merely parrot out what Rush says.
But how Obamabots can, similarly, claim that Obama is somehow the POTUS he pretended/lied that he would become during the campaign… now that’s something I *really* don’t get at all.
I do know trad-Dem voters, who are *adament* still that Obama really-truly-forsure is working for them, and it’s just those mean nasty GOPers are *forcing* Obama to fold like a lawn chair. I don’t get that, either, but they cling to their American exceptionalism fantasies like rightwingers cling to their Bibles ‘n guns.
Guess I’m just out of step… as usual. There are times when I wish I could be as deeply in denial as the majority of the populace. But there you go: I choose to live in reality.
Obama’s as fraudulent, corrupt, deceitful and despicable as the Banks and Wall St. They are ALL in the same fraternity; scratch each other’s backs; and laugh their butts off at the gullible idiocy of the US populace… all the way to their munificent off-shore accout$$$$$$$$$$$$!!! CHA-CHING!
Banksters being mad, namecalling and the public bark are all part of the good cop-bad cop con: “My partner said what?! That son of a bitch!” While we foolishly imagine we can play the one off the other even though they are both wearing the same uniform.
They have Obama bent over and Elizabeth warren is still holding out. They will break her or disgrace her.
I know that story that the bankers were mad at Obama was laughable. I guess they shoot stuff out there to see what get’s picked up that they can work with.
Anytime BeachPopulist. I wanted to write something about snake skin, however, the Wall Street bankers never seem to shed their skins. SOS.
When did he bark ?
“His bark has been worse than his bite.” That’s Obama in a nutshell. He says what people want to hear, then does the exact opposite–every damned time.
Obama = worse than Bush.
Maybe the lack of real “progress” on financial reform also plays a part.
Dodd-Frank Rulemaking Progress Report as of June 1, 2011
Obama’s an insidious, manipulative, lying POtuS.
He wears the mantle of the Left while screwing over progressive positions on issues and screwing over the American people for the benefit of corporate thieving a$$holes.
What he’s doing undermines democracy worse than what Bush did.
Here’s some Great News from the Land of Obamanomics:
News on consumer confidence comes to us from two different sources today. First, via Suitably Flip, the Conference Board’s consumer-confidence measure dropped to 58.5, the lowest level in seven months. Bloomberg reports that analysts are seeing demand dry up and predict a long, unhappy summer, and they skip the happy spin on housing prices that Reuters employed:
Consumer confidence dropped to a seven-month low in June as Americans grew concerned about the outlook for jobs and wages.
The Conference Board’s sentiment index decreased to 58.5 from a revised 61.7 in May that was higher than previously estimated, figures from the New York-based private research group showed today. Home prices fell in the year ended in April by the most in 17 months, another report showed.
Wells Fargo analyst Mark Vitner advises people to get used to this:
“We have a fairly weak economy with little to no job growth,” said Mark Vitner, senior economist at Wells Fargo Securities LLC in Charlotte,North Carolina. “With consumers so worried about their job prospects, I’m not so sure that we can count on demand picking up. The housing market is dead in the water.”
Gallup also released its latest polling data on consumer confidence, and finds that it has dropped below 2010′s somewhat meager expectations:
After surging in May, Americans’ economic confidence receded in early June and remains near its 2011 low, averaging -33 in the week ending June 26. This is down seven percentage points from the week ending May 29 and down a similar amount compared with the same week a year ago.
U.S. economic confidence peaked this year at -18 in February and then generally declined, reaching -39 during week ending April 24, as gas prices surged and economic activity slowed. Confidence increased in May, averaging -26, likely in response to the news of Osama bin Laden’s death in a U.S. military raid.
It’s not the only unpleasant comparison to 2010. A year ago, 36% believed the economy was improving as we headed into Joe Biden’s promised “Recovery Summer.” This year that figure is 31%. The 2011 numbers first dropped slightly below 2010 levels in March and have tracked well below 2010 ever since except for the brief post-bin Laden mission period. More people now rate the economy as “poor” (45%) than a year ago, albeit narrowly (42%).
Reading all of this, the more things stay the same (or get worse), the more reality will set in that Obama is finished for a second term.
Bush Worst EVER! Obama not close to that asshat.
How so? Obama ordered more deaths by drone attacks than Bush. Obama thinks he can war without making Congress at least complicit in the illegal action. Obama does the opposite of this promises, undermining democracy by tricking the people into thinking that he represents the poltiical Left while he’s extending irresponsible tax cuts for the rich, working hard to pass gifts and giveaways to the health insurance industry, etc.
Because of Obama, the American people’s choices next year will be between a corportist puppet and a corporatist puppet. At least when there was Bush, there was the possibility of someone like Dean (imperfect, I know) running as an alternative. Who on the Left can take out Obama in a primary challenge?
That limb can hold all of FDL and then some.
This may be the reason that the GOP is behaving as if they are desparate, if Wall St. feels suporting the democrats will work as well, or better than supporting republicans, then what have the republicans got to keep their brand going?
Maybe they’ll become populists and the democrats will become the party of big business?
GOP has nothing left but the T-Partee?
Finally there’ll be a real reason to use that ever-popular phrase;
“Who could have known?”
I mean, Michelle Bachman is saying she’s for the little guy.
And another thing…that bush tax cut extension for the wealthy is now shown for it’s real reason, not the bullshit story he gave about helping the unemployed!
So, the real question is, why hasn’t a REAL candidate for the citizens first come forward and run against Obama?
Fear of flying in small aircraft?
/tinfoil
I called the Whitehouse switchboard comment line (yeah yeah I know…it doesn’t help much, but I did it under the suggestion of Bernie Sanders) I told the young man “Americans aren’t as dumb and/or forgetful as the Whitehouse would like believe! Like for instance; this whole Joe Biden “gang of six bipartan-bullshit committee” Two weeks ago Biden came out praising Eric Cantor, only to have Cantor walk out the meeting a week later! (pretty sure it was STAGE-PROP antic) After that the “hill-GOP” start chanting “Bring in the “folding chair” a.k.a Obama” – Now I don’t know what planet they lived on but last I checked. We all believed if Wallstreet wasn’t doing tooo good nor was Mainstreet! Sooooo answer me this? Why do we have a dow standing at 12thousand points and Obama saying we have to sacrifice entitlement cuts? Why did he give the Bush tax cuts an additional two years? (when he could had just as easily let them expired) Only to claimed it was to give unemployed an additional 6 months worth of benefits….Notwithstanding, most of the new GOP governors have already taking those benefits back, not to mention, food, gas prices are off the chart! WHEN HE CUT THE MEDICAID/MEDICARE/SOCIAL SECURITY HE WILL BE A ONE TERM PRESIDENT…
OBAMA DIDN’T RUN ON:
BALANCING THE DEFICIT
CREATING SO-CALLED “NON-HOSTILITIES” WARS
USING TWICE AS MANY DRONES AS BUSH DID IN PAKINSTAN
AND NOW THE MOTHERSHIP OF HELL “CUTTING ENTITLEMENTS”
OBAMA WILL LOSE IN 2012 IF HE THINKS WE ARE GOING TO AGREE TO BULL CRAP ABOUT HE GOT MORE REVENUES IN TAX-HOLES IN EXCHANGE FOR MEDICAID CUTS
ALL THE BLUEDOGS WILL LOSE IN 2012!!!
AND AS FAR AS FAVORABILITY IS CONCERN….AFTER HIS ONE TERM STINT…HE WILL MAKE JIMMY CARTER LOOKS LIKE MOTHER TERESA!!!
HE WILL BECOME THE MOST “HATED” MAN IN THE HISTORY OF THE UNITED STATES!!!!
Ginning up evidence to justify sending American Soldiers to their death or dismemberment vs. Being President with a Republican House and a non-majority (who knew it was 60 votes not 51) Senate. Not even close. I work with injured Vets from iraq and afghanistan, not even close.
TRY CONVINCING ME AND THE AMERICAN PEOPLE:
LIVING WITHING OUR MEANS = DOW STANDING AT 12,OOO POINTS
SOMEONE FORGOT TO TELL THIS MAN…HE NEEDS THE CITIZENS VOTE MORE THAN HE NEEDS THE WALLSTREET MONEY
I hate it when I fall for a joke – yes – I Googled (and Bing and yahoo etc) for those photo’s of the Obama dinner with the homeless last night – I was ready to accept his change. I should have stopped when you said Google does not work at night for such dinners! :-)
Of course there was no such dinner – well I refuse to stop thinking there is hope for Obama – but I grant that the amount of hope I have left is getting hard to see or even remember.
Only Hillary can challenge Obama – and the Obama folks are already planting stories about how evil the Clintons are – despite the fact that she has said she is not running – and indeed much of the left will prefer to be screwed over by Obama than admit they were wrong in 2008.
So the Presidential choice will be Romney versus Obama – hell of a choice.
Isn’t it always.
I’ll concede on the following that it’s maybe a matter of perspective and opinion:
But this part of your statement is utter nonsense:
There’s a reason why the Dems lost the House in 2010. And there’s a reason why they spent more time convincing everyone that they needed 60 votes in the Senate than they did working to get a far better deal for the American people.
And the reason is…. anyone?
Hillary won’t run because she respects the Democratic Party far more than anyone in the upper tiers of the Democratic Party respects her.
Frankly, I think they’re afraid of her. From what I’ve seen of the upper tiers of the Democratic Party in the last few years, having someone in power that they’re afraid of might just be for the best. Someone’s got to save some little bit of the Democratic Party from itself.
That’s just basic capitalism, dude.
Romney? I’m not so sure. He’s old money. He might, if elected, even act to preserve his social class. He might even emulate FDR a little bit in order to do so. Therefore, he’s not trustworthy for our capitalist PTB.
Look for Rick Perry. It’s early yet.
“Stop making sense. Stop making sense.”
–The Talking Heads