Wall Street Masters Still Whining About Obama's Words Even After The Bail Out. It's All GOP For Them Now
It appears that our Wall Street masters are still miffed that President Obama used a few harsh words against Wall Street even after he helped give them their wingnut welfare bailout. And we're not talking about the chump change Americans receive in unemployment benefits mind you.
On the mental list of slights and outrages that just about every major figure on Wall Street is believed to keep on President Barack Obama, add this one: When he met recently with a group of CEOs at Blair House, there was no representative from any of the six biggest banks in America.
"If they don't hate us anymore, why weren't any of us there?" a senior executive at one of the Big Six banks said recently in trying to explain his hostility toward the president.
"It's not so much just this one thing,” he said. “Who cares about one event? It's just the pattern where they tell you things are going to change, that they appreciate what we do, that capital markets are important, but then the actions are different and they continue to want to score political points on us."
Still, the executive understands that it makes political sense for the White House to stiff-arm Wall Street, if not bash it with a massive sledge hammer.
And the article is just getting warmed up. Jamie Dimon, who once was a supporter equated Wall Streeters with slave owners from the South:
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase and a supporter of Obama in 2008, has been among the more outspoken critics of the White House's anti-Wall Street rhetoric. "It's harmful, it's unfair and it leads to bad policy," Dimon recently told The New York Times Magazine, adding that he told Obama: Former "President [Abraham] Lincoln could have denigrated all sSoutherners. He didn't."
You can see how deluded these fat cat CEO's are. I mean a few words will make them cry. As I said, even though the President gave these Masters of Destruction virtually a free pass they will now go back to pumping their millions in the GOP. What a shock.
While the landscape could change if the economy continues to improve, Wall Street is expected to line up heavily behind the GOP nominee in 2012, provided that person is not a populist, Federal-Reserve-System-bashing, tea-party-friendly candidate, such as Sarah Palin or Rep. Ron Paul of Texas. Still, even the prospect of such a candidate emerging from the GOP field should go toward tempering ay full financial industry revolt against Obama.
"The people who feel intellectually committed to the Democratic Party will continue to be supportive," one senior banker who is deeply plugged into Washington said. "You've seen a swing to the GOP but people are quite worried about the divisive effect of the tea party. There is certainly a devil, you know, factor that could help the president."
Some tea partiers have hurt their feeling too. Awwww, poor babies.
one financial executive said. "They really don't care what we think at all."
Here's another lesson I hope the President has learned. You can give the financial sector a trillion dollars, keep their institutions intact, extend the Bush tax cuts that go directly to themsleves and allow the flow of what are now a record number of monetary bonuses to keep on chugging and they'll still turn on you because of a few mean words. These people are truly in their own world that only Alan Greenspan and his fellow Randian uber- narcissists relate to. And in the end, these corporate jet setters would never support the left for an extended period of time because for the most part their ranks are made up of Birchers and Free Market freaks.