By Karl Gotthardt
Campaigning for his Jobs Bill, the open support of the “Occupy Wall Street” movement and general condemnation of the rich, President Obama has embarked on a class warfare campaign, rarely seen in politics. Senate Majority Leader, Harry Reid, says the private sector jobs are not a problem, it is government jobs. Such is the anti-rich, read Wall Street sentiment, openly publicized by the President and his Democrats. The President, however, has no problem collecting donations from the financial sector.
While Obama’s donations fall short of those he raised during his 2008, he still garners support from Wall Street despite demonizing the rich. When it comes to raising $1 Billion for a re-election campaign it is obvious that Obama has no qualms where the money comes from. For a President that loves to demonize the top 1%, from which he raises more than any Republican candidate, with only Mitt Romney collecting more personal donations, it seems odd that he loves hobnobbing with the rich.
Obama’s key advantage over the GOP field, according to the Washington Post, is the ability to collect bigger checks because he raises money for both his own campaign committee and for the Democratic National Committee.
Wouldn’t it be prudent for the President and the DNC to reject donations from Wall Street, or is he talking out of both sides of his mouth? Who is really beholden to Wall Street?