Obama tries to woo back Wall Street
President Obama is seeking to regain support from Wall Street executives following a rough patch in their relationship, The New York Times reported Monday.
Although the president’s top financial industry supporters have said they are confident that Obama will get the backing he needs from Wall Street in the upcoming election, the Obama campaign will have to work hard to overcome the events of the past two and a half years: Wall Street’s bust, clashes over policy, and the sometimes bitter personal differences that have developed, the Times reports. The president alienated some top Wall Street supporters when he criticized their bonuses and called them “fat cats.”
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Obama is making the case that his economic policies have helped restore the health of banks and financial markets rather than undercutting those who profit from their success. Members of the White House economics team are reaching out to Wall Street on policy issues. According to the Times, the Obama administration is also seeking support from prominent Wall Street figures that could help sway support for the president at Republican-leaning firms as well as high-level “bundlers,” or supporters who recruit other donors.
Via: news.yahoo.com
