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Monday, June 13, 2011

'Fat Cats' Invited To White House Fundraiser Now That Obama Needs Their Money Again

Weasel Zippers asks if it is legal and AmericaBlog feels betrayed and "left behind (again)" .

Seems that after begging Wall Street donors for money in 2008 which helped Barack Obama get elected, then publicly declaring war on them and calling them "fat cats", well now Obama needs their money again so he is playing nice.

The Democratic National Committee (DNC) organized an event, held in the White House's Blue Room, which hosted two dozen "fat cats" aka Wall Street Donors, supposedly to talk to them about the economic recovery.

Flashback, December 2009:

WASHINGTON -- President Barack Obama lashed out at Wall Street, calling bankers "fat cats" who don't get it, in an escalation of tensions with the industry.

Mr. Obama, speaking on the eve of Monday's meeting with the heads of major banks at the White House, said he would try to persuade bankers to free up more credit to businesses, with the aim of boosting job growth. But the president also expressed frustration with banks that the government has assisted.

"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," Mr. Obama said in an interview on CBS's "60 Minutes" program on Sunday.

"They're still puzzled why is it that people are mad at the banks. Well, let's see," he said. "You guys are drawing down $10, $20 million bonuses after America went through the worst economic year that it's gone through in -- in decades, and you guys caused the problem. And we've got 10% unemployment."

According to the New York Times' piece about the White House fundraiser, some of these fat cats are sitting ont he sidelines so far and only a handful of such donors have been listed in Obama's campaign filings with the Democratic National Committee to date.

Others do not plan to fork over cash at all to Obama's reelection campaign and still others that supported Obama in 2008 have switched allegiance to Mitt Romney.

Last week, Mr. Romney held three fund-raisers in Greenwich, Conn., and New York, including a reception hosted by Anthony Scaramucci, a hedge fund manager who donated to Mr. Obama in 2008. Mr. Scaramucci said he wanted a president who embodied pragmatism and middle-of-the-road solutions. In 2008, that candidate was Mr. Obama, he said; today, it is Mr. Romney.

“He seemed like he was going to be a transformative candidate,” Mr. Scaramucci said of Mr. Obama in an interview. “I’m really not an ideological guy, and I think the country right now needs more practical, less partisan people.”

Speaking of Romney, Gallup reports his support is up across the board.

Barack Obama has lost much of the support he had in 2008 , from Wall Street Donors to young voters that became active in politics during the 2008 campaign season, to large Jewish donors and fundraisers with some saying they won't even vote for him in 2012.

In fact, according to some polls, it is shown that registered voters say they would definitely or probably vote for a candidate other than President Obama with only 40 percent said they would definitely or probably vote for him.

Other polls show that Obama has lost support from almost every demographic, all but well educated women.

Obama is in trouble and he knows it, with unemployment up to 9.1 percent again, the economy in the tank, foreclosure hitting highs, home buying hitting lows, job creation going nowhere and his stimulus plan failing to do as he promised, he needs those fat cats that he used in 2008, abused in 2009-2010 and now is begging to use again.

If they are stupid enough to believe his false promises again, they deserve what they get. It is good to see that some learned from their mistakes and are refusing to fall for Obama again this time around.

Buyer's remorse.