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Hey! "Fat Cats" and "Banksters", Obama needs your money! Sorry about calling you a "Fat Cat"

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posted on Jun, 13 2011 @ 10:17 AM
Too funny!! and just goes to show you that "Hope" and "Change" are just buzz words and part of the jargon used to win an election. To the defenders of the Obama universe, please defend him now as he solicits to the very same deep pockets that he has sought to demonize. The same deep pockets that his handlers would like you to demonize.

They all come back to the money sooner than later, rep. or dem., they will apologize to the "wallets" and make a few deals to win their donations back.

A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room.

he guests were asked for their thoughts on how to speed the economic recovery, then the president opened the floor for over an hour on hot issues like hedge fund regulation and the deficit.

Mr. Obama, who enraged many financial industry executives a year and a half ago by labeling them “fat cats” and criticizing their bonuses, followed up the meeting with phone calls to those who could not attend.

The big Push is indeed on

The event, organized by the Democratic National Committee, kicked off an aggressive push by Mr. Obama to win back the allegiance of one of his most vital sources of campaign cash — in part by trying to convince Wall Street that his policies, far from undercutting the investor class, have helped bring banks and financial markets back to health.

Last month, Mr. Obama’s campaign manager, Jim Messina, traveled to New York for back-to-back meetings with Wall Street donors, ending at the home of Marc Lasry, a prominent hedge fund manager, to court donors close to Mr. Obama’s onetime rival, Hillary Rodham Clinton. And Mr. Obama will return to New York this month to dine with bankers, hedge fund executives and private equity investors at the Upper East Side restaurant Daniel.


“The first goal was to get recognition that the administration has led the economy from an unimaginably difficult place to where we are today,” said Blair W. Effron, an investment banker closely involved in Mr. Obama’s fund-raising efforts. “Now the second goal is to turn that into support.”

The president’s top financial industry supporters say they are confident that the support Mr. Obama needs will ultimately be there, despite the financial industry’s unhappiness over his efforts to tighten regulation of their businesses. But it is clear that those supporters will have to work much harder to win over the financial services industry than they did in 2008, before Wall Street’s bust, the subsequent clashes over policy and the sometimes bitter personal differences that lingered afterward.

Executives at large investment banks, a group that gave generously to Mr. Obama in his last campaign, are remaining on the sidelines for now. Only a small handful of such donors have appeared in Mr. Obama’s joint campaign filings with the Democratic National Committee, though officials there said more would appear in the coming weeks.

Like I said they all solicit where the money lies regardless of what they WANT you to believe about them.

And as Mr. Obama seeks to rebuild, Mitt Romney, a former Massachusetts governor who is seeking the Republican presidential nomination, is using his background as a venture capital executive and his policy proposals to woo financial-industry donors.

At least Romney's connections are rooted in is actual experience as an executive in charge of more than organizing a couple of city blocks.

To sum it all up... skepticism.... Just be careful of who you criticize with your left hand while defending others with your right. Those "evil" "banksters" and hedge fund managers... Yeahhhh... Obama

Still, there is skepticism. One Democratic financier invited to this month’s dinner, who asked for anonymity because he did not want to anger the White House, said it was ironic that the same president who once criticized bankers as “fat cats” would now invite them to dine at Daniel, where the six-course tasting menu runs to $195 a person.

The donor declined the invitation.
edit on 13-6-2011 by jibeho because: title edit

posted on Jun, 13 2011 @ 10:37 AM
Obama is a corporatist and a globalist. The Republican nominee will be one as well. Neither will give a rat's a__ about the American people or their interests unless they fall into that 1% category of the global elite. Once again, your vote is meaningless. Plus ça change, plus c'est la même chose.

posted on Jun, 13 2011 @ 10:44 AM
I have a fat cat. (Weighs 22 lbs) But alas, he is as poor as a church mouse, as is his mommy (Mua.) But he churns out lots of big gifts in his litter box. I wonder if the WhiteHouse would like me to donate them!? Ya know, for the campaign.

posted on Jun, 13 2011 @ 11:06 AM
reply to post by simone50m

Just wrap it in a brown bag and send it off to the appropriate recipients.

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