As you’re aware, back in the day, President Obama and Wall Street got along just fine. Better than fine, in some cases, with Jamie Dimon being one of his boys and hedge fund managers like Dan Loeb, Steven Cohen and so and so forth donating considerable month to his campaign. But, things happened. People changed. Stuff was said that couldn’t be taken back. SC burned the two-man donkey costume he bought for election night ’08 and made a couplea traders get into to celebrate the night and now reportedly holds weekly Tuesday night GOP strategizing sessions. Loeb gets his feelings out on paper. Jamie doesn’t even think to call BO to chill and in fact couldn’t even if he wanted to, which he doesn’t, as that guy was deleted from his phone/life. And, just generally, the businessmen of America feel abused. Obama knows, he’s sorry, and he wants to make it up to you.

Just sit tight for a bit.

Austan Goolsbee, the President’s top economist, will try patching up relations in an Oct. 13 meeting in New York with business leaders. A rapprochement, however, will not occur until after the midterm elections, when the Administration will know the strength of the Republican opposition in Congress. That timing also will help Obama avoid looking like he’s giving Wall Street a pass just when he’s trying to turn the Democratic base out to vote. At an Oct. 4 meeting of Obama’s economic advisory board, Laura D. Tyson, a former Clinton Administration economist, suggested not renewing the Bush tax cuts for top earners and using the savings to pay for a temporary cut in Social Security taxes. At the same meeting, Obama said he’d be “very interested” in lowering the top corporate tax rate, now 35 percent, so U.S. companies aren’t at a disadvantage against overseas rivals.

Obama Wants A Detente With Business [BW]

Comments (9)

  1. Posted by Financial_Servicer | October 7, 2010 at 6:52 PM

    Burning donkey = hot piece of ass?

  2. Posted by Certainlyconfused | October 7, 2010 at 7:30 PM

    BHO is sending a man to do the boys job?

  3. Posted by Guest | October 7, 2010 at 7:44 PM

    Sounds like I’m watching the OC…

  4. Posted by Guesty | October 7, 2010 at 7:47 PM

    Only 2 comments?! BHO can’t even get a decent hammering in the comments anyore?

  5. Posted by Bawney Fwank | October 7, 2010 at 8:18 PM

    Depressing, ain’t it?

  6. Posted by EYM | October 7, 2010 at 8:19 PM

    Just wow.

  7. Posted by Mighty Eagle | October 7, 2010 at 8:26 PM

    I hope those attending the Oct 13 meeting give BHO all of the attention he deserves and spend the whole time playing “Angry Birds” on their iPads.

  8. Posted by Bible Republican | October 7, 2010 at 8:58 PM

    As a Bible Republican, birther, truther, and Tea Partyer I have to say that when B. Hussein Obama doesn’t get any heckles from this here community of common taters it is the end of the Republican Party. There is a civil war in the Repub party now between those with a lot of teeth and those with a few teeth. That makes chewin’ the fat amongst them sort of funny looking but I digress. Why can’t we be like the Brits and not have a manslaughter, rouge trade or hooker scandal for at least 120 days like they have recently? And they wear ties and think they are better than everyone else. “Page 3 my ass” is what Paul Harvey would say and he was a genius like the folk at that Shaw company all yall write about from time to time. Closing down DE Shaw would be like killing a greackle bird, I’d say. And why did they name that lawyer in tht book after a prison in New York? ATTICUS!! ATTICUS!! Ain’t that what the LIBERALS say when theys being oppressed on like that washer girls boobs in “Cool Hand Luke”? Come on, people!!!!

  9. Posted by Bible Republican | October 7, 2010 at 8:58 PM

    As a Bible Republican, birther, truther, and Tea Partyer I have to say that when B. Hussein Obama doesn’t get any heckles from this here community of common taters it is the end of the Republican Party. There is a civil war in the Repub party now between those with a lot of teeth and those with a few teeth. That makes chewin’ the fat amongst them sort of funny looking but I digress. Why can’t we be like the Brits and not have a manslaughter, rouge trade or hooker scandal for at least 120 days like they have recently? And they wear ties and think they are better than everyone else. “Page 3 my ass” is what Paul Harvey would say and he was a genius like the folk at that Shaw company all yall write about from time to time. Closing down DE Shaw would be like killing a greackle bird, I’d say. And why did they name that lawyer in tht book after a prison in New York? ATTICUS!! ATTICUS!! Ain’t that what the LIBERALS say when theys being oppressed on like that washer girls boobs in “Cool Hand Luke”? Come on, people!!!!

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