Tuesday, June 28, 2011

When The Levee Breaks

Spinning Platters
President Obama’s $35,800-a-plate fund-raising dinner was the talk of Wall Street last week.  Held at Daniel, the Michelin three-star restaurant of Daniel Boulud on the Upper East Side, the event was seen as a test of the president’s popularity among the deep-pocketed financiers he has often vilified but has long relied on to finance his campaign. The tables were filled with moneymen like Marc Lasry, the billionaire founder of the hedge fund Avenue Capital; Robert Wolf, the chief executive of UBS Group Americas; and Mark T. Gallogly, a co-founder of Centerbridge Partners. (Dealbook, NYT, 6/27/2011)


Two points: Dems and Obama are the party of Wall Street; Wall Street deserves all the rhetoric and regulation that Obama throws their way.


Joke Is On Us
Mr. Blagojevich’s impeachment, removal from office and evolution into a punch line on late-night television threatened the Democratic Party’s political hold on the state, created an outcry to overhaul lax state campaign finance and public records laws, and led to added scrutiny of some of this city’s best-known politicians, including Mr. Obama, Rahm Emanuel (the president’s former chief of staff and now Chicago’s mayor) and Representative Jesse L. Jackson Jr. (NYT, 6/228/2011)


Well not that much scrutiny, really.


Other Than
The opponents (of gay marriage) have no case other than ignorance and misconception and prejudice. (Richard Cohen, Washington Post, 6/27/2011)


Thanks for the insightful analysis, Mr. Cohen.  All this time we thought that the "case" of opponents of gay marriage was based on thousands of years of historical and sociological convention and/or deeply held religious beliefs.

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