Thursday, March 08, 2012

Meet the Obama Financial Sector Donors

Obama supporters wonder why I am so skeptical about the President. The reason is that every domestic policy that President Obama has initiated has been to please lobbyists. Obama doesn't give a damn about progressive causes. A perfect example of how Obama places the needs of corporate donors above his constituents. A 2010 meeting with Sen. Bernie Sanders is proof that Obama values protecting corporate profits more than cunsumers.


Last summer, during a White House meeting with first-term Democrats, Sen. Bernie Sanders, an independent from Vermont, asked Obama whether he'd nominate Warren for the role.

Obama held up a half-full glass of water and told him: "That's the problem with you progressives. You see this as half-empty.


It turns out that Obama never nominated progressive darling Warren. It is hard to imagine a President whom received $1,013,091 from Goldman Sachs, $808,799 from JPMorgan Chase, and $736,771 from Citigroup would see eye to eye with Warren on financial policy. The last thing Obama wants to do his have Warren reform Wall Street.

Obama supporters will say look what the president has done for the gay community. In 2009, the Obama administration pressured Rep. Alcee Hastings to drop an amendment that would repeal "Don't Ask, Don't Tell. Democrats had super-majorities in both houses of Congress. Yet, Obama didn't want to touch DADT. The gay community started raising a record amount of money for Obama. The President had a sudden change in heart on DADT.

Obama proposed Medicare cuts that made even some Republicans flinch during the debt ceiling negotiations. Obama is as much a deficit peacock as the Republicans. Obama gave PhRMA lobbyist Billy Tauzin everything he wanted. Including Medicare being prohibited from negociating lower drug prices with pharmaceutical companies. Obama wasn't thinking about the deficit or controlling entitlement spending when he made that deal. It is no coincidence that drug companies donated big-time to Obama's 2008 campaign.

If you want to understand Obama, all you need to do is follow the money.

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