Smart. Sharp. Funny. Fearless.
Tuesday, March 26, 2019

National Memo Executive Editor Avi Zenilman wrote an article this past weekend for The Daily Beast, where he previewed President Obama’s upcoming fundraising trip to New York and explained why Wall Street is still donating to the president even though they can’t stand his populist rhetoric:

Both donors and operatives, speaking to The Daily Beast on condition of anonymity because their universe is full of hushed personal rivalries and petty grudges, said that, for now, much of the money from the financial sector was rolling in out of a sense of obligation. “They’re whining because Obama hurt their feelings,” said House Financial Services chairman Barney Frank (D-Mass.), who guided the financial reform bill through Congress and is grudgingly respected by Wall Street. “He’s not really interfered with their income.”

  • Share this on Google+0
  • Share this on Linkedin0
  • Share this on Reddit0
  • Print this page
  • 0

3 responses to “Wall Street Grumbles About Obama — But Still Writes Checks”

  1. Common Sense Patriot says:

    The constant attacks against Romney that claim he is not a “real conservative,” but a moderate are continuing proof that right wing extremists and Christian evangelicals have taken over the Republican Party. The votes and polls so far indicate that the radically conservative candidates running against Romney, add up to between 50% – 75% of the total vote. So, from that standpoint, Romney was swamped by a divided bunch of radical conservatives – largely because no matter what he says now, Romney’s record is clearly that of a Republican moderate. He will probably win the Republican nomination when all the dust settles, but that leaves us in the general election with another ”lesser of two evils” choice between Romney and Obama. The reason there is such a dearth of good candidates in the Republican races this year is the same reason there has been such a poor crop of candidates in every election for the last 20 years – extremists have taken over the Democratic and Republican Parties – left wing ideologues and fanatics in the Democratic Party and right wing neo-Nazi, knee jerk ideologues and fanatics in the Republican Party.
    The reality of political elections is that you can’t get nominated if you don’t appeal to the extremists who control both party’s machinery. The Republican base doesn’t like Romney or any other moderate national, state or local candidate. The Republican base has been taken over by right wing extremists, composed of a loose network of tea party reactionaries, religious fundamentalists, one issue voters (abortion, immigration, etc.) and people so far to the right they make Nazi’s look like liberals.
    This is not just my opinion. Search the internet and you will find a clear plan by those right and left wing activists, especially when the Tea Party was organizing for the 2010 elections, that advises like-minded nuts to become precinct chairs and delegates to the county, state, and national conventions. They quite correctly state that this is the way to power. And they succeeded, at least enough so that they have significant control of the party machinery which raises money, gets out the vote, distributes literature, and holds neighborhood meetings. Most importantly, they are the ones who select the candidates that will run in the primary.
    It works this way in both parties. I know. I was a political activist in the 70s who helped turn Texas into a solidly Republican state, wrenching control from the Democrats. I was a paid consultant and one thing I learned is that the average voter has no idea how politics really works. Most people complain about the candidates in the primaries and even more so when the general election comes about. They end up voting for the “lesser evil”. They feel they have done their duty by voting, but it is not enough. It’s like starting a race when the other runners have already completed the first lap.
    The same thing has happened in the Democratic Party, only it is controlled by left wing extremist radicals with virtually socialist agendas who despise capitalism and believe in big brother government handing out a never ending cornucopia of “aid” to everybody too lazy to work for a living or make the sacrifices to gain skills or education that will earn them good money – with no thought about where the money comes from or that it will eventually, and nearly has, bankrupted the government. Look at what’s happened to the socialist democratic governments of Europe and their financial crisis that is now forcing extreme austerity measures and causing riots. Several of them are on the verge of economic collapse and many of the would-be “rescuers” have had their own credit ratings downgraded, just as the U. S. did. These are not idle warnings by the rating agencies, now on a crusade to prove they can make tough calls after sitting placidly on the sidelines while governments spent themselves into crisis.
    The right wing Republicans are just as bad, believing in no government regulation, unfettered capitalistic greed, extremist religious positions (a theocracy), destroying the environment in the name of profits and easy money – and most of all, the preservation and dominance of a politically corrupt uber rich upper class that controls the country. They are crafty idiots. All of them. On both sides. Because they are close to killing the golden goose. The middle class is shrinking into poverty, losing income and wealth, while the uber-rich, including most corporate CEOs, grow richer and richer. They already control over 50% of the national income and wealth. Yet they throw millions into pushing political candidates that will block any efforts at tax reform that would require them to pay their fair share.
    Things will not change with all the talk, opinions, protests, editorials, blogs, etc. They will only change when moderates get involved at the precinct level of politics and take back control of their respective parties.
    McCain was a moderate, frequently “crossing the aisle” to partner with Democrats on some legislation, including liberals like Ted Kennedy. That made him hated by the Republican base. He only won the Republican nomination because he started taking more right wing stances and slavishly courted the right wing Republican base. But even after the nomination, his support was lukewarm and he knew he couldn’t get out the party machinery in the general election, so he chose Sarah Palin as his running mate, which at least gained him the support of the Republican base. But in the general election, independents and moderates blanched at the idea of Sarah Palin being one heartbeat away from the Presidency, so he lost the election.
    Romney is now in the same position, flip flopping previously moderate and even some liberal views to gain support from the right wing party base. No candidate can win the Republican nomination without it. But once he gets in the general election, he will face the same problems as McCain. The same is true of candidates for the Senate or House, and for state candidates for Governor of state senate or house, even local races that are partisan for mayor, county commissioners and city councils.
    Obama and many Democrats may be unpopular, even with many in their own party, but they will vote for them because they don’t like what the Tea Party conservatives have done in Congress. In the general election, Obama is going to beat Romney to death for being one of the uber-rich and for his record at Bain Capital. Yet, Obama himself is multi-millionaire and will become even richer as soon as he’s out of office. More books, more highly paid speeches, and lots of investment opportunities steered his way. The same process that has made almost all current and former members of Congress uber-rich.
    This election is certainly about more than the Presidency. No President can get anything done without strong support in Congress. Nor can any governor without strong support in his/her state legislature. Since radical extremists control both party’s machinery, they will seek to nominate candidates in line with their respective extremist philosophies. Moderates and independents will again have only a choice of the “lesser of two evils.” No matter who wins what race, they are almost sure to be an extremist right or left winger. Today, there is not a single moderate member of Congress, so we deadlock and get nothing done.
    Wake up, America! Wake up moderates! Wake up independents! For that matter wake up if you are not an extremist liberal or conservative. Take back the party machinery. Get off your duffs and save the country from the control of the extremist fanatics!

  2. jimmyags says:

    You mean a moderate RINO might win the nomination again for the 2nd time in a row? i guess that tells you how much power the Tea Party actually has.

  3. dpaano says:

    Common Sense: I TOTALLY agree with you. Myself, I’m just a little left of center, and I would prefer to see a candidate that is closer to the center than far from it. Even if they were a “little right of center,” I could deal with it. The extremists on BOTH sides have put us in the state that we’re in, and until we get a moderate candidate who sees both sides of the fence and deals with it from the center….we’ll never be prosperous again as we were in the 50’s and 60’s. With things the way they are, I personally don’t see how we’re going to get out of it until, perhaps, 2016, and hopefully a REAL moderate will show up that we can vote for. As you said….it’s now a question of “the lesser of the two evils” that people have to vote for….neither of which is going to take us out of the hole we’re currently in. Sure, Obama has a better chance of getting us a little out of the hole than Romney (who is determined to get us DEEPER in the hole), but neither one of them can start us towards the top of that hole!!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.