Obama and Wall Street

[COsker]

This running in Colorado:

[redmachine]

Can't wait for the change to take effect.

[Huskers57]

ha.

[COsker]

ha.

Gotta laugh to keep from cryin...

Good plan, cause there's so much more where this came from (Mr. Obama himself).

[Weinosker]

Good commercial

[Huskerwirejay]

Interesting.

At first glance, I had some questions for the people who have commented here. such as:

1. Is this unique to Obama?
2. Are former Wall Street Ex. better White House employees than lobbyist, Washington lawyers and career Political Advisors/Campaign Consultants?

Then, I looked closer. I noticed the small text under the pictures that pop up.

A. One guy has a net worth of 27 million. Is this something that we think is bad?
B. Another guy has $17 million in his foundation. What is wrong with that?

Then I noticed the names as they scrolled by:


1. Stephen Friedman: Goldman Sachs | (Where have I heard that name before?)
2. David Stevens: Long and Foster | (I wonder if anyone seeing the commercial knows who Long & Foster are? I wonder in anyone who posted here knows that Long & Foster isn't a Wall Street firm and doesn't even have offices in NY. )

What should a conservative red-blooded American want from their President's staff? Do successful business people make for bad political advisers?

[Weinosker]

Interesting.

At first glance, I had some questions for the people who have commented here. such as:

1. Is this unique to Obama?
2. Are former Wall Street Ex. better White House employees than lobbyist, Washington lawyers and career Political Advisors/Campaign Consultants?

Then, I looked closer. I noticed the small text under the pictures that pop up.

A. One guy has a net worth of 27 million. Is this something that we think is bad?
B. Another guy has $17 million in his foundation. What is wrong with that?

Then I noticed the names as they scrolled by:


1. Stephen Friedman: Goldman Sachs | (Where have I heard that name before?)
2. David Stevens: Long and Foster | (I wonder if anyone seeing the commercial knows who Long & Foster are? I wonder in anyone who posted here knows that Long & Foster isn't a Wall Street firm and doesn't even have offices in NY. )

What should a conservative red-blooded American want from their President's staff? Do successful business people make for bad political advisers?

I don't disagree with anything you say here. This is what I find interesting: Obama claims to be cracking down on Wall Street.

There seems to be a bit of speaking out of both sides of his mouth going on.

[Huskerwirejay]

I don't disagree with anything you say here. This is what I find interesting: Obama claims to be cracking down on Wall Street.

There seems to be a bit of speaking out of both sides of his mouth going on.

Are you suggesting that cracking down on Wall Street can't be done if you have a ex Wall Street types on your staff?

Are you familiar with Dodd Frank? Are you familiar with the "Volcker Rule"?

Let's walk through this together:

Who regulates Wall Street? (Hint: The SEC)
Who runs the SEC? (Hint: 5 Commissions lead by a Chairman)
Who first appointed the current Chairman to the Commission? (Hint: RR)
Who next appointed the current Chairman to the Commission? (Hint GB)

So, tell me again, how is anything in this commercial illustrative on a lack of 'cracking down' on Wall Street?

[Prairie Sage1]

Also, don't call them ex-Wall Street. Just like the previous administrations, they will all go back as soon as they are done in Washington.

Also, remember the Geithner was probably going to be Secretary of the Treasury no matter who won the last election.

[Huskerwirejay]

Here is nice article that points out many, many of the ways the commercial in the OP is not factual.

Romney has pulled in $12.5 million from the sector -- more than twice as much as Obama -- with $6.2 million coming from Wall Street.

Seriously, I would love to hear from CO, redmachine, Weinosker, et al: Do you really think that Obama has closer ties to Wall Street than Romney?

[Prairie Sage1]

Those on the left would say they are the same ties.

[redmachine]

Seriously, I would love to hear from CO, redmachine, Weinosker, et al: Do you really think that Obama has closer ties to Wall Street than Romney?

I don't care if Obama has a staff comprised of 100% Wall Street execs...doesn't bother me.

I just recall his mantra of change during the election of 2008 and how he wasn't going to help the "fat cats". I'm only seeing the same practices used in other administrations and some of the "fat cats" in his inner circle.

No change.

[HuZkurZ]

I don't care if Obama has a staff comprised of 100% Wall Street execs...doesn't bother me.

I just recall his mantra of change during the election of 2008 and how he wasn't going to help the "fat cats". I'm only seeing the same practices used in other administrations and some of the "fat cats" in his inner circle.

No change.

Hype and Blame 2012.

[Huskerwirejay]

I don't care if Obama has a staff comprised of 100% Wall Street execs...doesn't bother me.

I just recall his mantra of change during the election of 2008 and how he wasn't going to help the "fat cats". I'm only seeing the same practices used in other administrations and some of the "fat cats" in his inner circle.

No change.

Let me know how the Volker Rule and Dodd Frank are viewed by Wall Street? Just last month, Fox News called Dodd Frank "legislation that read like a progressive’s wish list of how to fundamentally change Wall Street."

Read more: http://www.foxnews.com/opinion/2012/...#ixzz1v4bkml7e

So, has Obama gone too far to reform Wall Street like FOX is complaining about or is he too chummy with Wall Street? Which is it?

[redmachine]

Too chummy.

[Weinosker]

Are you suggesting that cracking down on Wall Street can't be done if you have a ex Wall Street types on your staff?

Are you familiar with Dodd Frank? Are you familiar with the "Volcker Rule"?

Let's walk through this together:

Who regulates Wall Street? (Hint: The SEC)
Who runs the SEC? (Hint: 5 Commissions lead by a Chairman)
Who first appointed the current Chairman to the Commission? (Hint: RR)
Who next appointed the current Chairman to the Commission? (Hint GB)

So, tell me again, how is anything in this commercial illustrative on a lack of 'cracking down' on Wall Street?

Ah, you're back to that posting type again. Feel free to visit some of the threads on JP Morgan and tell me if you think I'm capable of speaking on this topic.

I'm not into playing any gotcha BS games with you though. I'd love to have an interesting discussion when you are prepared to be civil.

[HuZkurZ]

Let me know how the Volker Rule and Dodd Frank are viewed by Wall Street? Just last month, Fox News called Dodd Frank "legislation that read like a progressive’s wish list of how to fundamentally change Wall Street."

Read more: http://www.foxnews.com/opinion/2012/...#ixzz1v4bkml7e

So, has Obama gone too far to reform Wall Street like FOX is complaining about or is he too chummy with Wall Street? Which is it?

Too crumby.

[COsker]

Interesting.

At first glance, I had some questions for the people who have commented here. such as:

1. Is this unique to Obama?
2. Are former Wall Street Ex. better White House employees than lobbyist, Washington lawyers and career Political Advisors/Campaign Consultants?

Then, I looked closer. I noticed the small text under the pictures that pop up.

A. One guy has a net worth of 27 million. Is this something that we think is bad?
B. Another guy has $17 million in his foundation. What is wrong with that?

Then I noticed the names as they scrolled by:


1. Stephen Friedman: Goldman Sachs | (Where have I heard that name before?)
2. David Stevens: Long and Foster | (I wonder if anyone seeing the commercial knows who Long & Foster are? I wonder in anyone who posted here knows that Long & Foster isn't a Wall Street firm and doesn't even have offices in NY. )

What should a conservative red-blooded American want from their President's staff? Do successful business people make for bad political advisers?

1. No. It was Obama that was 'supposed' to be unique. That's the point.
2. No, but they have more money to donate to the campaign. That's key.

A. Liberals have spent the better part of the last three years banging that drum.
B. Is it a 501(c)3?

I's say most conservatives don't have a problem with earned success. But a good number of liberals do. "Fair share", "Where's mine", "Spread the Wealth".

The makeup of Obama's staff is just a wonderful irony for all the Obama lefties to chew on--and practice their film study skills....

[Huskerwirejay]

Ah, you're back to that posting type again. Feel free to visit some of the threads on JP Morgan and tell me if you think I'm capable of speaking on this topic.

I'm not into playing any gotcha BS games with you though. I'd love to have an interesting discussion when you are prepared to be civil.

It is good to confirm that you are an expert on this topic.

Here are the facts I think should be considered. Feel free to refute any or all of them:

1. The list of 'Wall Street Insiders' is tainted. It includes Bush appointees that left shortly after Obama took off and people that have NEVER worked on Wall Street.

2. Obama appoint MS to head the SEC-the regulatory body of Wall Street. MS was first appoint to the SEC by Ronald Reagan and then re-appointed by Bush--hardly a sign that he is having one of his cronies watch the hen house.

3. Dodd Frank is the harshest Wall Street reform law sing the Great Depression according to many and FOX says it goes too far--hardly a sign that pandering to his Wall Street donors.

4. If Obama is 'too tight' with Wall Street, what is Romney? Besides being the the private equity business, Romney is taking in $2 for every $1 that Obama gets for Wall Street donors. If beholden to Wall Street is an issue in this election, Romney has a bigger problem with that than Obama.

1. No. It was Obama that was 'supposed' to be unique. That's the point.
2. No, but they have more money to donate to the campaign. That's key.

A. Liberals have spent the better part of the last three years banging that drum.
B. Is it a 501(c)3?

I's say most conservatives don't have a problem with earned success. But a good number of liberals do. "Fair share", "Where's mine", "Spread the Wealth".

The makeup of Obama's staff is just a wonderful irony for all the Obama lefties to chew on--and practice their film study skills....

1. Obama tapped more business people (are we calling them Job Creators now?) for his staff and fewer campaign operatives and Washington Lawyers, than prior presidents--so that is unique.
2. Of the campaign donations from Wall Street, $2 is going to Romney for every $1 to Obama this cycle. Is that bad?

A. Are the LIBERALS right or wrong for saying it is bad to have $27 million in assets. This commercial seems to agree with what the liberals think.
B. Yes

"The makeup of Obama's staff is just a wonderful irony for all" -- it seems that many on the right would welcome the inclusion of successful business people with a clear understand of how capital markets work and how to be successful. In fact, many to the people that the commercial is critical of, are very much like Mitt Romney.

That is some very, very beautiful irony.

I want to order this bumper sticker:

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[Inflation]

Politicians on both sides of the isle are owned by wall street and private equity firms. I like to watch how they vote on the "carried interest" issue.