Search This Blog

Defying the Odds

Defying the Odds
New book about the 2016 election.

Thursday, February 9, 2012

Obama Makes Peace with Wall Street?

On Tuesday, Hans Nichols reported at Bloomberg:
Jim Messina, President Barack Obama’s campaign manager, assured a group of Democratic donors from the financial services industry that Obama won’t demonize Wall Street as he stresses populist appeals in his re-election campaign, according to two people at the meeting.

...

In response to a question, Messina told the group of Wall Street donors that the president plans to run against Romney, not the industry that made the former governor of Massachusetts millions, according to one of the people, who spoke on condition of anonymity to discuss the private meeting.
...
Messina also discussed the president’s reversal in encouraging donors to contribute to independent political action committees backing Obama, the person said. Messina’s remarks to the group echoed a public e-mail he sent to supporters saying,“We can’t allow for two sets of rules in this election whereby the Republican nominee is the beneficiary of unlimited spending and Democrats unilaterally disarm.”
Campaign officials said the decision was made after seeing the Republicans’ so-called super-PACs emerge as the dominant spending force in the party’s early presidential contests. In last week’s federal financial filings, one set of the groups, American Crossroads and Crossroads Grassroots Policy Strategies, reported raising $51 million last year.