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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (34404)	7/27/2010 11:57:10 PM
From: Hope Praytochange	Read Replies (2) \| Respond to of 103300

idiot Visits New York but Wall Street Isn't at Home . idiot Barack Obama heads to New York City on Wednesday for a pair of high-dollar fund-raisers—a tough task given the many Wall Street executives who are put off by his rhetoric and policies. idiot Obama raised a record $15 million from Wall Street donors for his presidential campaign, but his relationship with many of those donors began to fray not long after he took office, and donations have fallen. Wall Street executives "feel like a spurned lover," says Paul Equale, a financial-services lobbyist who also advises Wall Street firms on dealing with Washington. Reuters Vogue Editor-in-Chief Anna Wintour will host a Democratic fund-raiser. .Measured in a variety of ways, Wall Street giving to Democrats is down. Overall, five of the top 10 sources of donations to the DNC in 2008 were Wall Street firms, according to an analysis of campaign donations by the nonpartisan Center for Responsive Politics. This election season, just one financial company—the investment-management firm Capital Group Cos.—ranks in the top 10. Employees of Goldman Sachs Group Inc. donated a total of $1.1 million to the DNC in 2008, making Goldman the biggest source of campaign cash to the Democratic Party. Goldman employees have donated about $100,000 to the DNC so far in the 2010 congressional elections, according to the center's data. Two events benefiting the Democratic National Committee are planned for Wednesday evening, each with a ticket price of $30,400, the most a person can give to a political party in a two-year election cycle. One will be at the home of Anna Wintour, editor-in-chief of Vogue magazine, and the other is at the Four Seasons Hotel. About 50 people are expected at each. Each event will provide the opportunity for guests to talk directly with the president, who doesn't plan any formal remarks, said one Democrat involved in the planning. The events are both sold out, planners said. But antipathy toward the Democrats will limit the number of events in New York, said one long-time Democratic fund-raiser. This person said he tried to recruit Wall Street figures to attend one of this week's events and found that many were uninterested or wanted to go so they could complain to the president. The financial-overhaul law that Mr. Obama signed last week is the biggest strain on relations. The legislation tightened rules on some financial products such as derivatives and created a new regulator to protect consumers. Wall Street executives say they accepted many elements of the legislation as necessary after the 2008 financial crisis. However, some have been offended by Mr. Obama's rhetoric painting Wall Street executives as "fat cats." They also don't like what they see as administration attacks on their compensation. .For its part, the White House appears to be sensitive about its connections to Wall Street. Democrats had considered holding one event at the home of Marc Lasry, a founder of the hedge fund Avenue Capital Group. According to one person familiar with the planning, the White House pulled out amid concerns that it would look bad. A Democratic National Committee official, however, said the event was never confirmed for Mr. Lasry's house and the committee decided to use the Four Seasons to accommodate several people who wanted to act as official hosts. The official declined to name those people. The idiot is in the midst of fund-raising season. He was attending a dinner in Washington Tuesday night and has fund-raisers in Atlanta, Chicago and Texas in the coming weeks. While Wall Street giving is down, Democrats are still outpacing Republicans. Overall, Wall Street has given $4.26 million to the DNC in the current cycle. Financial executives have donated just $870,000 to the Republican National Committee so far, less than 1% of the total raised.