Money News reports:
"A just-released study by the Center for Responsive Politics shows that President Obama is relying more on Wall Street to fund his re-election this year than he did in 2008, according to CNBC, which obtained an advance copy of the report."Obama and the DNC combined are on pace to far exceed the amounts Obama raised from Wall Street donors in 2008, both in raw dollar amounts and as a percentage of what he raises overall."
This may be why he has already thrown his progressive supporters in the words of one dissenting Democrat "under the bus" because he and his handlers calculate they may not like him now but they will vote for him in the end, or fear more gains by the far right.
Some on the Right are reportedly going after the "bundlers" who broke fund-raising records in the Bush Campaign, in essence talking far right while cultivating the old money centrists.
The "experts" predict that even in this time of economic decline, the political pumps will be well primed as the election draws closer and gains steam by sucking the media oxygen out of other stories with a press corps that loves to cover politics like sporting events rich in polls and conflicting sound bites.
The newspapers are filled with stories about the nouveau riche gobbling up luxury goods and high-priced cars.
Not everyone is hurting!
Yet an increasing number of these people on all sides are reporting more dissatisfaction with all the politicians.
The National Journal reports on a new poll, "The survey" revealed a deep lack of faith among the public in Congress' ability to get things done. When it comes to important problems facing the country, only 7 percent of respondents said they have a lot of confidence that Washington could make progress over the next year and 23 percent said they have "no confidence at all.'"
Some liberals may finally be recognizing that their immersion in partisan politics took their eyes off the economic ball with little or no grassroots organizing. It seems clear that as the Tea Party pushed politicians from the Right, there was no counterweight or unified effort on the Left.
President Obama not only betrayed the activists of the Left who championed his candidacy in 2008 but, also, his own legacy as a community organizer.
He created, but then deemphasized his "Organizing for America" initiative to activate his base for traditional inside the beltway horse-trading. He gave up on the "outside game" and let the Right pick it up without a fight.
Now we are hearing about all kinds of plans by organizations like MoveOn that became more of a money-raising machine than a political movement is joining hands with fired Obama appointee Van Jones to build a "save the dream" movement and express some visible support for the unemployed and millions losing homes and hope.
Former Vice President Al Gore is calling for a non-violent "American Spring" modeled on events in Tunisia and Egypt.
Keith Olbermann, the TV anchor who left MSNBC to join Gore's network Current cautions that "first the public has to get mad."
Personally, I think the public is mad, but also depressed by the lack of leadership and a sense they can win.
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