slate.com — One benefit to Obama's approach is that he did not look excessively political. In a campaign where Democrats are sure to portray Republicans as protectors of Wall Street, the president can't be accused of bludgeoning bankers for political gain. (Democrats in tough races don't see this as a benefit, of course.)
Apr 23, 2010 View in Crawl 4
wf80diditApr 24, 2010
Considering this is Digg and the article is from Slate, I'm surprised it FP'd.
tsothaApr 24, 2010
Not just a cool million, but he received more money than any other candidate, including McCain.
tsothaApr 24, 2010
<a class="user" href="http://www.businessweek.com/globalbiz/content/sep2006/gb20060914_915194.htm?campaign_id=tbw%22" rel="nofollow">http://www.businessweek.com/globalbiz/content/sep2 ...</a>
Closed AccountApr 24, 2010
John Wilkes Booth, is that you?
tsothaApr 24, 2010
Most people on Digg believe the people in Washington dance to Wall Street's tune, but it's really the other way around. No, they aren't on different teams; it's more like Congress decides how much money the banks get to keep after they pay tribute to Washington.
pw378Apr 24, 2010
ding ding ding... we have a winner!
excusemybeautyApr 24, 2010
completely agree. bravo
xgordoxApr 24, 2010
Why Barack Obama Wasn't That Tough on Wall Street?uhhhhh, maybe cuz he got MILLIONS OF DOLLARS from them!?Seriously Slate, if we read your website, we also read other websites too!
Closed AccountApr 24, 2010
Agreed completely. "the bastards who did this economic meltdown" Yup. This whole thing was not some catastrophic "accident". It was perpetrated. And those who did it will get away with it because they pull the political strings.
eraptorApr 26, 2010
Most of what we witness in the media is nothing less than political Kabuki, the American people are fed the illusion of choice when very little changes and both political parties maintain the status quo.If you don't believe what I'm telling you, read the current bill. It's already full of loopholes. As one Wall Street commentator recently noted, "Wall Street has come to grips with Financial Reform, but they're fighting for the loopholes". This way the Democrat's can claim they stood up to Wall Street, while protecting their campaign contributor's financial interests at the expense of the American people.Wondering why the Consumer Financial Protection Agency will be housed in the Federal Reserve with no real regulatory authority? It's simple, the Fed is ruled by the financial industry (i.e., major banks) and what better way to declaw a financial regulatory agency than put it under their control. Talk about putting a Fox in the Hen House.As citizens, our best option (short of revolution) is to keep pressuring our legislators to do the right thing. When they don't, actively campaign and help get them voted out of office.