NYC Letter: On The Fail Trail -- The Courage Of His Begging Bowl

Day 1,120 of CHOPE

In order to win re-election, Mr. Obama is selling himself as a class warrior for the working class. [Music cue: The Internationale.]

OBAMA PLANS TO TURN
ANTI-WALL STREET ANGER
ON MITT ROMNEY, REPUBLICANS
October 14, 2011 (WaPo)

FOR 2012, WHITE HOUSE
CASTS PRESIDENT OBAMA
AS WARRIOR FOR THE MIDDLE CLASS
December 29, 2011 (The Hill)

OBAMA MAPS OUT
'WARRIOR OF WORKING CLASS'
MESSAGE
December 31, 2011 (ABC News)

[Music out.] But first Mr. Obama needs the super rich to give him the money to buy the rope to hang them.

OBAMA PLEDGING NOT
TO DEMONIZE WALL STREET

February 15, 2012 (Bloomberg) - President Barack Obama returns to New York on March 1 for his first campaign fundraiser with investment bankers and hedge fund managers since asking Congress in his 2013 budget to increase taxes on the wealthy.

The president’s hosts include Ralph Schlosstein, chief executive officer at Evercore Partners Inc. (EVR), and his wife, Jane Hartley, co-founder of the economic and political advisory firm Observatory Group LLC, who were assured last week by Jim Messina, Obama’s campaign manager, that the president won’t demonize Wall Street in his re-election pursuit.

... Obama’s last fundraiser with the financial services industry was last Sept. 19. So far this election cycle, he hasn’t been able to match the success he had four years ago in getting money from Wall Street.

He raised $16 million from employees in the securities and investment industry and their families for the 2008 election, according to the Center for Responsive Politics.
This cycle’s numbers have been lower. JPMorgan Chase & Co., whose employees gave $23,494 to Obama in the last three months, was the only financial institution among Obama’s top 10 list of donors for the fourth quarter.

Yes. That assurance should hold till the checks clear.

I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.

Mr. Obama,
having been elected with fat cat banker money,
gives fat cat bankers the brush off
December 13, 2009 (WSJ/CBS News)

Here's loving you right back, Mr. O!

WALL STREET TURNS WRATH —
AND CASH — ON OBAMA

NEW YORK February 12, 2012 (TWT) - Wall Street — the target of Occupy protests nationwide — has swung firmly back to the GOP in 2012 after supporting then-Sen. Barack Obama over Sen. John McCain in the 2008 campaign.

... Despite a large overall fundraising advantage, Obama has raised just $5.1 million from the finance, insurance and real estate sectors so far this cycle compared with $12.4 million for Mitt Romney’s campaign, according to Sheila Krumholz, executive director of CRP.

"The financial industry overall, cycle after cycle, is always a No. 1 source of campaign funds. It is even more so in 2012. It is head and shoulders above any other industry," Krumholz said. "And Romney has a large lead, which is extraordinary given that Obama has such a large lead in total receipts."

Mr. Obama is roundly seen as anti-business in the business community. Playing nice on the campaign trail does not change the inevitability of his anti-business policies. Inasmuch as Wall Street prospers when business prospers, big Wall Street donors must think they can buy enough political access (and this) or favors (and this) or payback (and this) to succeed in Mr. Obama's failing economy.

[Pause.] Suckers.

CHOPE.

Romancing the honeypot.