Ungrateful bastard corporations

That’s gratitude for you. First, Obama constructs an elaborate plot to sucker “progressives” into supporting his corporate shill self—using a hideous combination of white guilt, misogyny and lies to dupe us so he can continue George W. Bush’s policies at the behest of his corporate paymasters.

Then he orchestrates the biggest corporate giveaway in the history of the planet under the guise of “reforming” our heinous health care system.

THEN, he buddies up to the oil and gas industry, calling for more offshore drilling right before an unprecedented oil spill disaster in the Gulf of Mexico.

THEN he coordinates a weak-tea financial reform package that allows the scoundrels who Icelandicized our economy—friends of Obama like Jamie Dimon—to continue boning us with impunity while collecting billions of dollars for their trouble.

Don’t say we weren’t warned: We were warned and warned and warned by our progressive betters just as fast as their earnestly typing fingers could fly across their keyboards. Daily—nay hourly!—we were warned. We are, in fact, like, the most warned bitches evar, okay?

So the bankster Simon Legrees, the oil-spewing Captain Hazelwoods—they should be happy with their bought-and-paid for Bush III product, right? Eh, not so much. K-Thug:

Much reporting on opposition to the Obama administration portrays it as a sort of populist uprising. Yet the antics of the socialism-and-death-panels crowd are only part of the story of anti-Obamaism, and arguably the less important part. If you really want to know what’s going on, watch the corporations.

Follow the money — donations by corporate political action committees.

Look, for example, at the campaign contributions of commercial banks — traditionally Republican-leaning, but only mildly so. So far this year, according to The Washington Post, 63 percent of spending by banks’ corporate PACs has gone to Republicans, up from 53 percent last year. Securities and investment firms, traditionally Democratic-leaning, are now giving more money to Republicans. And oil and gas companies, always Republican-leaning, have gone all out, bestowing 76 percent of their largess on the G.O.P.

These are extraordinary numbers given the normal tendency of corporate money to flow to the party in power. Corporate America, however, really, truly hates the current administration. Wall Street, for example, is in “a state of bitter, seething, hysterical fury” toward the president, writes John Heilemann of New York magazine.

Mr. Dimon of JPMorgan Chase joins the ranks of the disenchanted:

Today, it’s hard to find anyone on Wall Street who doesn’t speak of Obama as if he were an unholy hybrid of Bernie Sanders and Eldridge Cleaver. One night not long ago, over dinner with ten executives in the finance industry, I heard the president described as “hostile to business,” “anti-wealth,” and “anti-capitalism”; as a “redistributionist,” a “vilifier,” and a “thug.” A few days later, I recounted this experience to the same Wall Street CEO who’d called the Volcker Rule a testicular blow, and mentioned I’d been told that one of the most prominent megabank chiefs, who once boasted to friends of voting for Obama, now refers to him privately as a “Chicago mob guy.” Do all your brethren feel this way? I asked. “Oh, not everybody—just most of them,” he replied. “Jamie [Dimon]? Lloyd [Blankfein]? They might not say Obama’s a socialist, but they come pretty close.”

Christ, it’s almost like Obama is reversing the Reagan Revolution or something. These guys SO don’t get it.

Posted by Betty Cracker on 05/24/10 at 06:22 AM • Permalink

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