Thursday, May 13, 2010

After Demonizing Them, Obama To Attend Fundraiser With “Fat Cat” Wall Street Bankers

Obama loves class warfare rhetoric. He loves railing against “fat cat” bankers, etc. I’ve always thought that was funny coming someone who took more money Goldman Sachs than any other politician in the country in the last election cycle, and now Obama is showing himself to be even more of a hypocrite by showing up at a fundraiser being put on by the very “fat cat” Wall Street bankers he so often derides.

President Obama has been happy to beat up on Wall Street “fat cats,” but tonight he’ll be even happier to take their money.

The President is slated to headline a superswank, $50,000-per-couple fund-raiser for the Democratic Congressional Campaign Committee at Manhattan’s gilded St. Regis hotel on Fifth Ave.

The high-dollar affair will feature fine French food, a bevy of Wall Street titans and 23 Congress members – including House Speaker Nancy Pelosi (D-Calif.).

Not everyone is thrilled that Obama and Pelosi are looking to use New York as a campaign ATM at the same time that they are trying to rein in Wall Street, the city’s biggest job and tax generator by far.

At least one ex-congressional campaign committee giver said he’s decided to boycott the event and will send his money to the GOP instead.

“I’m a New Yorker first,” said the once loyal Dem, who asked to remain anonymous out of fear of inciting the White House. “We are depending on our congresspeople to defend New York, not to just go along with Nancy Pelosi for the ride.”

Really, this is just part of their power play. They push for expansive government control over this industry, then they go to the industry titans and schmooze money out of them in exchange for special favors and exemptions from the new taxes/regulation.

In the crime world it’s called a “shakedown.” In the political word, it’s called “fundraising.”