Friday, September 30, 2011

Obama's former campaign funders on Wall Street turn against him


The president's fundraising difficulties speak to his contentious relationship with the financial community. - LA Times

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.

Dick Morris: 'Very Possible' Obama Will Bow Out of Presidential Race - CNS News

Mark Steyn: Due diligence never done on Obama - Our ludicrously unqualified chief executive would have been regarded as a joke candidate in any serious nation. - OC Register

"Obama's Wall Street Donors Look Elsewhere" (UPI). Gee, aren't you the fellows who, when you buy a company, do something called "due diligence"? But you sunk everything into stock in Obamania Inc. on the basis of his "perfectly creased pant leg" or whatever David Brooks was drooling about that day? You handed a multitrillion-dollar economy to a community organizer, and you're surprised that it led to more taxes, more bureaucracy, more regulation, more barnacles on an already rusting hulk?

...Obama says America has "gotten a little soft." But there's nothing soft about a dead-parrot economy, a flat-line jobs market, regulatory sclerosis, "green jobs" multibillion-dollar squandering – and a mountain of dead Mexicans. In a soft nation, "centrist" government is hard and cruel. Only the media coverage is soft-focus.