Why Wall St. Is Deserting Obama

Yahoo News/NYT ^ | Aug. 31, 2010 | NYT Editorial

[fightinJAG]

“One of them is not only regulation, but expensive regulation. The other is - and they’ve done something here that affects everybody’s confidence in the attitudes of this administration to the business community and to the economy - they’ve demonized the business world; they’ve blamed everything on the business world. Frankly, I don’t think that’s accurate, but more than that, it’s counterproductive to what this administration wants, which is a much more optimistic and confident business community.”

All Americans (who are not a permanent part of the Welfare State) need a "much more optimistic and confidence business community." Class envy is counterproductive to our entire society, and it runs counter to our core values that we want to live in a nation where people can exercise and enjoy their God-given rights to life, liberty and the pursuit of happiness.

This is not to say we all have to persuade ourselves that Wall Street is perfect when it is not. But villifying -- to the point of no return, practically -- the very system of wealth creation that has made this country great, powerful and, most of all, free is just plain stupid.

This arrogant and anti-intellectual villification of Wall Street is another form -- perhaps an even more pernicious form -- of Obambi's overall Continual Apology Tour ('Cuz Everything About America Stinks).

P.S. When are people going to learn that you can't trust Rats with the economy any more than you can trust them with national security? Is it obvious now that the Rats are simply damn-the-torpedoes Socialists?

[Niuhuru]

“This year, CEOs, analysts, traders and other talking heads come on TV one after the other and openly say, in essence, the fate of western civilization hangs on those formerly despised Tea Party members getting out the vote in November to stop Obama.”

Well, If all else fails in November, there is still 2012. Rebuilding this country from nothing is the price that has to be paid if people elect socialists.

[Digger]

I guess they initially figured that they could handle the drop in income because they have a lot of money in the bank and under socialism, the rich do tend to get richer; but now his War on America is beginning to threaten their reserves too. They thought that he was only going to bankrupt the middle class.

Bob Chapman has been singing this for for yrs. The elites pushed the buttons too far & now can't be reversed.

[truthguy]

I did a bio on Mr. Daniel S. Loeb. It's enough to make you sick to your stomach. This is the very type of an individual who you love to hate. He's a parasite on the productive part of the economy. He's very smart and very destructive. He's the type of clown who destroys countries and gets rich in the process of doing it.

This guys supports every liberal cause in the world. He supports the ACLU. He lives in the financial world so he's hard to get at a la George Soros. He's managed to get himself on the Board of Directors of a number of companies. He's the guy with the Turtle Frame Glasses and the tassel loafers.

These guys have their own little clique, those who move money around all day long and take a little % of the transaction. They don't have a clue to the consequences of what they are doing. He's the very type of a guy who created the financial instruments (packaged mortgages) that brought down so many banks. And then they turn around and bite the very hand that feeds them, capitalism. Maybe Mr. Loeb of Pacific Palisades, CA (and those of you who know about that place know what I'm talking about here) can fool most of the people out there but he can't fool me.

The fact that someone in the financial sector can support a socialist (that's the best I can say about him) like Obama is sickening. Mr Loeb, I don't know you personally and don't even know what you look like, but I know who you are and the damage guys like you are doing. Don't think you can fool all of us.

[sport]

I do not believe that they are.

[bfree]

Don’t count on 2012 yet. These guys that are bailing on the POS known as FUBO, will back Hillary if she challenges FUBO in the primaries.

[truthguy]

We need to know all our enemies. We know Obama. Obama didn't fool me for a millisecond. But we also need know the guys like Daniel S.(Seth)Loeb. He's was a big supporter of Obama and the very type of guy who raised huge sums of money for Obama. Guys like Seth are the ones who I fear most because they are much, much, smarter than Obama. See my comments @24 about the rodent Daniel Loeb. He's the guy we love to hate. He's the guy (type of) who has done so much damage on so many levels.

[Psalm 144]

Rebuilding this country from nothing is the price that has to be paid if people elect socialists.

*************

This country will not be rebuilt should it reach that condition. Several successor states will emerge within the geographical boundaries of the former United States.

Should our economy collapse, or civil disobedience become widespread, we will go through something similar to the dissolution and demise of the former Soviet Union.

Not the best outcome, but not the worst either.

[dbrew2u]

“A registered Democrat, Mr. Loeb has given and raised hundreds of thousands of dollars for Democrats.”

And he will do so again at some point.Democrats no matter the amount of education have No Core, Period. Mr.Loeb proves the point quite well.Repubs would do well to set this kind of a fool adrift.

[A_Former_Democrat]

“Mr. Obama was viewed as a member of the elite, an Ivy League graduate (Columbia, class of ’83, the same as Mr. Loeb), president of The Harvard Law Review — he was supposed to be just like them. President Obama was the “intelligent” choice, the same way they felt about themselves. They say that they knew he would seek higher taxes and tighter regulation; that was O.K. What they say they did not realize was that they were going to be painted as villains.”

Totally delusional

[ripley]

“Why Wall Street Is Deserting Obama”

Could it be because he’s already done their bidding?

Just asking.

[AmericanInTokyo]

Good one! The sentiment of a great many of us here.

[Innovative]

Maybe this is a lesson the Loeb and others like him will remember for a while...

[TexasTransplant]

They haven’t yet, right now they are feinting for crumbs and stimulus... but when nut crunching time arrives self interest will prevail.

[truthguy]

Maybe this is a lesson the Loeb and others like him will remember for a while...

Maybe, but I doubt it. I know the type of guy Loeb is. Trust me on this one.

[RobRoy]

Tell me about it! I used to laugh at people that didn’t know the difference between “too” and “to”. Then I caught myself doing it. I then realized that they were not stupid, they were just typing phonically, which I catch myself doing more than I am comfortable with.