Obama has dismantled fund raising channels on Wall Street

Ed Lasky
Barack Obama is getting the cold shoulder from what were his biggest supporters: financiers. But he is not alone: he is dragging down the Democratic Party with him.
President Obama will travel to New York this month to survey the ruins of the Democratic fundraising hierarchy he helped destroy.

On July 28, the president will attend two private dinners in Manhattan to benefit the Democratic National Committee. He'll be guest of honor for a $30,000-a-head event at the four-story Sullivan Street townhouse of Vogue editor Anna Wintour, who is an outsider to the traditional fundraising firmament of Wall Street investors.

That more moneyed club -- which views even the arbiter of high fashion as part of a lower circle of donor -- will have its own earlier event at the Grill Room at the Four Seasons. That venue wasn't the first choice of these insiders. The White House nixed an earlier plan to hold the dinner at the home of Marc Lasry, a major Wall Street figure and supporter of the president.

The message was clear. Obama has dismantled the old apartment circuit traveled by past Democratic standard-bearers and has no interest in putting it back together again. He has turned his back on a tradition of aggressively raking in financial sector dollars, but also of soliciting, in intimate settings, the unfiltered feedback of the captains of an industry he is transforming.

The column goes on to cover donors who are now in disgrace (Steven Rattner), or in prison for fundraising violations (Hillary's pet donor, Hassan Nemazee)

Business people live in the real world. They have seem that trying to work with Barack Obama is a mug's game. The National Association of Manufacturers have realized they were played. The Chamber of Commerce worked up to that realization earlier. We have a President who not only displays ignorance regarding free enterprise, but also a malevolence towards capitalism. He has taken measures that will choke off growth in the economy; he has demonized businessman and taunted them that he was the "only one standing between them and the pitchforks."

The IRS will now dig ever deeper into our lives so he and his fellow Democrats can dig deeper into our savings until we yell "uncle" -- even annoying laws such as requiring businesses to file 1099s whenever they spend more than $600 with any vendor will rankle small, struggling businessmen. But business is the bogeyman.

Instead of counseling the public to quell their anger towards businessmen in the wake of bailouts; he stoked it so he could "channel it"

He might as well change USA to UAW - he is that much in hock to union pals.

Now donors who have been in thrall to Democrats have finally realized the errors of their ways. They have seen even moderate Democratic allies desert them and bend to Obama's thuggery. They are not opening their doors or their wallets.

Here is a new-old slogan for donors to remember: Just Say No!


Barack Obama is getting the cold shoulder from what were his biggest supporters: financiers. But he is not alone: he is dragging down the Democratic Party with him.

President Obama will travel to New York this month to survey the ruins of the Democratic fundraising hierarchy he helped destroy.

On July 28, the president will attend two private dinners in Manhattan to benefit the Democratic National Committee. He'll be guest of honor for a $30,000-a-head event at the four-story Sullivan Street townhouse of Vogue editor Anna Wintour, who is an outsider to the traditional fundraising firmament of Wall Street investors.

That more moneyed club -- which views even the arbiter of high fashion as part of a lower circle of donor -- will have its own earlier event at the Grill Room at the Four Seasons. That venue wasn't the first choice of these insiders. The White House nixed an earlier plan to hold the dinner at the home of Marc Lasry, a major Wall Street figure and supporter of the president.

The message was clear. Obama has dismantled the old apartment circuit traveled by past Democratic standard-bearers and has no interest in putting it back together again. He has turned his back on a tradition of aggressively raking in financial sector dollars, but also of soliciting, in intimate settings, the unfiltered feedback of the captains of an industry he is transforming.

The column goes on to cover donors who are now in disgrace (Steven Rattner), or in prison for fundraising violations (Hillary's pet donor, Hassan Nemazee)

Business people live in the real world. They have seem that trying to work with Barack Obama is a mug's game. The National Association of Manufacturers have realized they were played. The Chamber of Commerce worked up to that realization earlier. We have a President who not only displays ignorance regarding free enterprise, but also a malevolence towards capitalism. He has taken measures that will choke off growth in the economy; he has demonized businessman and taunted them that he was the "only one standing between them and the pitchforks."

The IRS will now dig ever deeper into our lives so he and his fellow Democrats can dig deeper into our savings until we yell "uncle" -- even annoying laws such as requiring businesses to file 1099s whenever they spend more than $600 with any vendor will rankle small, struggling businessmen. But business is the bogeyman.

Instead of counseling the public to quell their anger towards businessmen in the wake of bailouts; he stoked it so he could "channel it"

He might as well change USA to UAW - he is that much in hock to union pals.

Now donors who have been in thrall to Democrats have finally realized the errors of their ways. They have seen even moderate Democratic allies desert them and bend to Obama's thuggery. They are not opening their doors or their wallets.

Here is a new-old slogan for donors to remember: Just Say No!