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Obama Rips Wall Street But Hosts High-Dollar Fundraiser in Manhattan

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posted on May, 14 2010 @ 07:07 AM
Let's not lose our focus here. Obama the slight of hand expert smacks Wall Street with his Left hand and soaks up the cash and handshakes with his right hand. Tickets were only $15,000 to $50,000.

As President Obama continues his verbal assault on Wall Street as part of his push for new banking rules, he headed to Manhattan Thursday to co-host a swanky fundraiser for Democratic lawmakers.

Obama delivered remarks at a Democratic Congressional Campaign Committee fundraising dinner at the five-star St. Regis Hotel. House Speaker Nancy Pelosi also hosted the event, along with members of the New York Congressional Delegation.

Ticket prices ranged from $15,000 per person to $50,000 per couple, which included a photo and dinner with Obama.

The fundraiser capped a day in which Obama continued his Main Street economic tour in western New York, urging Congress to act quickly on new job creation measures that could strengthen small businesses.

The Main Street tour began in December with a trip to Allentown, Pa., and has passed through Charlotte, N.C., Savannah, Ga., and Quincy, Ill.

But Obama took a detour to the home of Wall Street to try and help boost the political fortunes of his party, whose majorities in the House and Senate are expected to take a hit in the November elections.

As Obama entertained the deep pockets Thursday night, Bill Clinton hosted his own fundraiser nearby for the state's Senate Democrats for tickets as little as $1,000.

There was one dim ray of sunshine at the event:

Rep. Carolyn Maloney, D-N.Y., who represents the district where the fundraiser was held, refused to raise the $25,000 that the DCCC required to sponsor the event with Obama, although she attended and introduced the president.

"She felt that she could not do it at this time," Maloney campaign spokesman George Arzt told, adding that the DCCC gives a pass to lawmakers who are facing primary challengers. Maloney is being challenged by political newcomer Reshma Saujani.

But the other lawmaker speaking at the event, Rep. Charlie Rangel,D-N.Y., raised the $25,000 despite facing a primary challenger.

Arzt noted that Maloney has paid the annual $250,000 dues to the DCCC but couldn't cough up the $25,000 for the event.

"When you're running a primary, it is not easy to pay," he said.

I didn't realize that they paid $250,000 in dues to the DCCC. Holy crap. For what?

When will the Obama tour/campaign bus ever stop rolling long enough for him to sit in his office and actually accomplish something. If is plans were so great he wouldn't need to press for the hard sale constantly and consistently at every turn.

The nation elected a salesman for POTUS. Do Lemon Laws apply to HCR? Because we got screwed.

posted on May, 14 2010 @ 08:27 AM
edit: Nevermind, it's useless anyway

[edit on Fri May 14th, 2010 by damwel]

posted on May, 14 2010 @ 08:32 AM
And, you somehow found this surprising that he bashed the rich people, yet also used them for money and influence? His rants against Wall Street was just to make him look like a good guy, and gave in to the hate for the Wall Street executives that most people felt when the economy took a fall. He's no better or worse than any other politician. He's just as hypocritical and fallible as any of them. He just plays on the different fears/hopes of people than the last President. Anyone who expected this guy to be some sort of savior or beacon of hope is seriously underestimating the guys in charge.

posted on May, 14 2010 @ 08:39 AM
Well, at least he is finally holding true to his promise of transparency. I mean, it's pretty transparent to me that Obama spews what the people want to hear and then turns around and does whatever benefits him most.

I mean, this is why sitting Presidents should no longer be able to fundraise for their party. It's a complete conflict of interest.

How can we trust Obama is going to do right by the people when he stands to profit from protecting those with the biggest wallets? And this goes for every President -- past and future -- not just Obama or the Democrats.

Once a candidate becomes President, he/she should no longer be able to solicit donations or raise money while in office.

As long as a President has something to gain from protecting certain individuals or corporations it will always open the door for possible pay-offs, kick-backs, or contributions. Why should this question even have to be raised?

posted on May, 14 2010 @ 09:08 AM
reply to post by jibeho

Let's not lose our focus here. Obama the slight of hand expert smacks Wall Street with his Left hand and soaks up the cash and handshakes with his right hand.

That quote already makes this thread worth it. S&F

Edit: Someone needs to make that cartoon!

[edit on 14-5-2010 by cenpuppie]

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