Obama Tries to Win Back Wall Street

The President is now trying to get Wall Streeters to work the phones and argue that the markets have improved under his watch, according to the New York Times.

Barack Obama had a huge amount of financial support from Wall Street in his 2007/08 run; Goldman Sachs executives and employees donated more to his campaign than any other institution except the University of California. Viewed then by many as a pragmatic, pro-business Democrat (he referred to himself as a “New Democrat” a la Bill Clinton shortly after being elected), his push financial regulation, with a dash of occasional populist rhetoric (see: “fatcats”), was enough to send hedge fund managers and corporate raiders scurrying back to the Republican ranks. He’s now asking for their support again, inviting a few big names to the White House to discuss their very interesting ideas for the economy. [NYT]

 

Start your day with National Memo Newsletter

Know first.

The opinions that matter. Delivered to your inbox every morning

Mike Johnson
Speaker Mike Johnson

House Democratic leadership announced Tuesday that they’ll allow members to block any effort from Rep. Marjorie Taylor Greene (R-GA) and her tiny team of nihilists to oust Speaker Mike Johnson, a reminder of where the power sits in the House.

Keep reading...Show less
Trump Endorses Anti-Abortion Monitoring Of Pregnancy By States

Former President Donald Trump

Killing Abortion Ban Repeal

With little more than six months until Election Day, Donald Trump is preparing for an “authoritarian” presidency, and a massive, multi-million dollar operation called Project 2025, organized by The Heritage Foundation and headed by a former top Trump White House official, is proposing what it would like to be his agenda. In its 920-page policy manual the word “abortion” appears nearly 200 times.

Keep reading...Show less
{{ post.roar_specific_data.api_data.analytics }}