All Commentary
Monday, June 13, 2011

Obama Works for Big Banks’ Campaign Money


“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. The 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…. 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.” (New York Times)

“Things are seldom what they seem.” W. S. Gilbert, “H.M.S. Pinafore”

FEE Timely Classic
“The Charade” by Sheldon Richman