If Republicans win control of both the House and Senate, “the interests of billionaires will come before the needs of the middle class,” President Barack Obama said at a $32,500-a-plate fundraiser at the $16 million Greenwich, Conn., estate of a billionaire named (I’m not making this up) Rich Richman.
You can’t top that remark for hypocrisy or the setting for irony. It isn’t the middle class who write $32,500 checks. Those who do expect something in return. They’ve been getting it.
The Obama administration “protected Wall Street. Not families who were losing their homes. Not people who lost their jobs. And it happened over and over and over,” Sen. Elizabeth Warren, D-Mass., told the liberal webzine Salon. Ms. Fauxcahontas isn’t right about much, but she is about that. Administration policies have rewarded Wall Streeters whose reckless lending magnified the subprime mortgage crisis. “You’ve got Wall Street criminals walking free, sipping tea at the White House,” said left-wing academic Cornel West.
Read the rest of the story at the Pittsburgh Post-Gazette.