Villifying Wall Street is uber chic in the Age of Obama. The campaign money was great, but now Wall Street is the symbol of all that is wrong in this brave new Obama world and they must be punished.
Since 1998, the financial sector has given a total of $37.6 million to Obama, compared to $32.1 million to McCain. But Obama ran for his first national office only in 2004. So McCain got less from the financial industry in a decade that included two runs for president than Obama did in four years.
As we’ve seen in recent weeks, Wall Street gets what it pays for. Democratic Sen. Chris Dodd included language in the stimulus bill allowing executives of the bailed-out banks to collect million-dollar bonuses.
And yet the Democrats’ endless favors for their Wall Street friends never sticks to them because everyone treats Democrats’ shilling for their own contributors as if it’s a Nixon-goes-to-China moment.
Here’s the thing – the Obama administration didn’t fully intend to throw their generous benefactors under the bus, not at all. For goodness sakes, the Obama administration arranged to keep the AIG bonuses in the bailout in the first place then feigned ignorance (not a lot of acting involved) when it became public.
Of course now it’s ultra cool to board a charter and take a rich-hunt tour of the AIG executive homes just to taunt them. Please take note that Obama has not condemned such actions – in fact, he’s eerily silent. Contrast that to President Bush asking Americans not to take out our anger after 9/11 on Muslims in America.