The White House wants to make it clear that President Barack Obama is on the same side as the Occupy Wall Street protesters – and that Republicans are not.
“If you’re concerned about Wall Street and our financial system, the president is standing on the side of consumers and the middle class,” Obama’s senior adviser David Plouffe said on “Good Morning America” Tuesday morning when asked about the demonstrations. “And a lot of these Republicans are basically saying, ‘You know what? Let’s go back to the same policies that led to the great recession in the first place’.”
Thus does the architect of permanent double-digit unemployment, rising inflation, rising gas prices, rising health care costs, and corruption scandals as far as the eye can see align himself with an incoherent protest movement whose major point, to the extent it has one, is that “the system” is corrupt and unfair. Obama’s new re-election strategy amounts to running against himself.
Of course, he’ll also be running against the usual straw men:
Plouffe warned that “most Republicans in Congress” as well as “all of the Republicans on the stage tonight in New Hampshire” – the GOP presidential candidates who will participate in a Washington Post/Bloomberg debate Tuesday – want to simply “unwind Wall Street Reform.”
Taking the same message to the “The Early Show,” Plouffe also argued that before the Obama administration’s financial reforms kicked in,” Wall Street was able to write too many of its own rules.”
There has never been a President more interested in helping his best friends “write too many of their own rules” than Barack Hussein Obama. The Wall Street firms he’s currently demonizing used to count themselves among that privileged inner circle. The Daily Caller pointed out yesterday that Obama raked in more Wall Street campaign cash than any other politician in the last 20 years, and it accounted for 20 percent of his total campaign financing. “It’s almost as if President Obama won’t cross a Wall Street picket line except to get inside with his hand out, so he can raise money,” mused Bush press secretary Ari Fleischer.
Fleischer went on to note that if the Democrats really wanted to demonstrate how much Wall Street offends them, they would stop taking its huge campaign donations. On the contrary, as recently as June, the New York Times ran an article about how hard Obama was working to win those plump Wall Street donations back, after his incessant class warfare rhetoric put them in jeopardy:
A few weeks before announcing his re-election campaign, President Obama convened two dozen Wall Street executives, many of them longtime donors, in the White House’s Blue Room.
The guests were asked for their thoughts on how to speed the economic recovery, then the president opened the floor for over an hour on hot issues like hedge fund regulation and the deficit.
Mr. Obama, who enraged many financial industry executives a year and a half ago by labeling them “fat cats” and criticizing their bonuses, followed up the meeting with phone calls to those who could not attend.
The event, organized by the Democratic National Committee, kicked off an aggressive push by Mr. Obama to win back the allegiance of one of his most vital sources of campaign cash — in part by trying to convince Wall Street that his policies, far from undercutting the investor class, have helped bring banks and financial markets back to health.
Last month, Mr. Obama’s campaign manager, Jim Messina, traveled to New York for back-to-back meetings with Wall Street donors, ending at the home of Marc Lasry, a prominent hedge fund manager, to court donors close to Mr. Obama’s onetime rival, Hillary Rodham Clinton. And Mr. Obama will return to New York this month to dine with bankers, hedge fund executives and private equity investors at the Upper East Side restaurant Daniel.
(Emphases mine.) Kind of tough to square that money-grubbing behavior with the Occupy Wall Street movement Obama is so desperate to use as a defibrillator to shock his cardiac-arrest re-election campaign back to life, isn’t it? How many of the kids whining about their student-loan balances and carrying “WITHOUT MONEY, WE’D ALL BE RICH” signs through the New York City financial district have ever eaten at Daniel? New York magazine gave it four stars, by the way. $105 for a three-course dinner, $185 for a six course tasting menu, vegetarian dishes available.
Of course, if you’re an Obama Zombie, you’re always willing to forget about yesterday, and bask in the glow of Obama’s latest arrival on the scene. The President’s big-money backers know how that game is played. Soon the weather will turn brutal, the protesters will go home, and the President will invite those top donors to another four-star restaurant or White House shindig, where they’ll get back to crafting complex legislation that the people who defecate on cop cars to demonstrate their rage against the machine will never understand.
Plouffe wound up his goofy appeal to the “middle class” Obama has worked so hard to subjugate with a hilarious promise of no-bailout transparency:
“Taxpayers won’t be on the hook for a bailout any more, we’ll be more transparent,” he said. “Consumers will be protected on hidden fees on mortgages and credit cards.”
“The president stands squarely with the middle class in terms of trying to protect consumers and make sure that happened doesn’t happen again,” Plouffe added.
Yes, the most densely opaque Administration in living memory – where everything is done behind closed doors, Freedom of Information Act requests are stalled for years, paperwork is redacted into zebra hide, and the Attorney General commits perjury to cover up a scandal – will get cracking on its promised “transparency” any day now. And there won’t be any more “bailouts,” because we call them “investments” now. Hell, the Administration just fell all over itself shoving $5 billion worth of “investments” to create “green jobs” out the door, in advance of a looming fiscal deadline.
And, thanks to the Democrats, you don’t have to worry about “hidden fees” any more. The fees are out in the open, they’re going through the roof thanks to Democrat legislation, and the Party is loudly encouraging bank runs on any financial institution that dares to speak plainly about the situation. You’ll get the same treatment if you suggest occupying Washington to hold politicians accountable for their end of crony capitalism.
Instead, we have the remarkable spectacle of the President who gave us the Obama Depression scrambling to piggyback on a movement that wails about “corruption” that somehow didn’t involve any politicians at all.
Sign up to the Human Events newsletter