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Nominee's campaign it's nearly ten times what they've given the president over the same span.
At a bronze just got his lines.
Forget occupy Wall Street when it comes to the biggest financial players there the president will never -- their hearts or their wallets and maybe ever again.
Lot of -- -- of the runaway best seller confidence man Wall Street Washington of the education president.
Ron very good to have you thank you for -- -- it's great to be and you know.
You know run as stated -- above -- and go back of this and -- just -- about.
How you can go from the president at least not winning over the -- it's a community getting their -- early on it and totally taking them off to the point now.
Post your book but something you.
Pretty much laid out and predicted.
-- where they turn on him and now start giving money to anyone but him how long do you think that -- -- -- we've.
-- Well I think got the president probably is saying to himself I can I get by without Wall Street now Wall Street's been turning on -- for a while.
In its interest thing because.
The guys on Wall Street when you're really press than they say like yeah He did a lot for as He saved our butts basically.
But what's the bonuses came back and they said.
It's all about the wallet it was clear that they they weren't going to be moving to Obama going forward and it's natural that they be going to -- I guess the question for Obama.
Is baking a tough decision can you get elected without Wall Street.
But those are the kind of decisions He often doesn't make very well usually yes but he'll try to raise money who may be you know maybe not be as forceful as He might otherwise be hoping -- get their attention get their support.
You know ultimately this is about the president making a decision what's gonna get him elected.
And I think it's it's without Wall Street.
-- -- normally democratic presidency candidates don't.
Win over Wall Street they brutal -- Bill Clinton a lot because obviously editor of a roaring bull global market and and -- is.
It it it's served and He served them very very well but outside of the technology types of Microsoft's in the -- goals that have given him a great deal of money.
Not so much and and decreasing rapidly to brokerage.
Community if He does get reelected without the brokerage community today have a bullseye on their you know want.
I think there are to have a bull's -- and -- you know what Neal if its interest things some of the things that I find in the book from the reporting -- Obama wanted to act much more forcefully against Wall Street to do more dramatic Volcker like things early on He basically was He was stymied He was blocked by Summers and Geithner especially Geithner.
And the president including the financial transaction tax is a part of the book where where people talk about Obama saying.
All but yelling I want to do this financial transaction tax.
And and and summer starting to -- colleague saying I'm never -- let him do it He doesn't understand that we're gonna protect him from himself.
Now I think you're gonna see the president going back to the closet dousing some of this stuff off and saying.
Well now's the time.
It's a -- thing.
You know Obama I think probably has regrets looking back as the the things He had to deal in the early part of his term when his approval ratings were sky high -- even Republicans were talking about tough measures.
To kill off the giant trading machine Wall Street had largely become.
Obama blinked He didn't do it and even Rahm Emanuel in the book at one point says mr.
present spring of 2009.
This is the time for old testament justice.
Obama still -- a rise of debate He embraces Summers and Geithner which is.
You know I any risk here yeah that's a good point read that on the thinking all right well of your Wall Street near anger at his rhetoric you you have to be happy with what He has done because yes I understand the frustration and -- dot Franken.
It's going to be onerous and Jamie Dimon on the lights complaining about regulations and changes that are going to be costly.
But that -- as it -- -- they've done very well under this present.
It would there is no doubt about it there's.
There's no doubt about it -- I mean divisions that I talked to one Wall Street titan.
And I said what do you so angry about with a -- He saved their bacon the -- federal purse for it.
And He says look what we say your anti Wall Street and your anti.
American finance well He does does more for us.
And ultimately I think Obama has worked his way out of that problematic negotiating position realizing he's not -- again Vince be able to support him.
If their pocketbook is there risk period and what I.
-- -- happened -- sort of -- what is He risking then.
Essentially -- -- to occupy Wall Street protesters saying well you know you that is a point you guys have -- point these guys have been.
There have been hurting you and I've been trying to rein them in I mean that's sort of like wrestling with a tiger you could end up and it's Stalin couldn't.
And the White House is report in the Washington Post few days ago like they're saying anti Wall Street's the way to go that's a way to win this election coming up.
I'll get off the ground on rescues -- the bailouts their protest and those that He could take you.
-- -- and what's interesting is that He I think it's that the Wall Street occupied folks feel He took a dive in the first battle with Wall Street and it's going to be very hard for Obama to.
To somehow shocked that often say I was tough on Wall Street frankly He wasn't.
That's clear from the evidence certainly clear from my book.
And He now is to show conviction commitment and action it's gonna be hard to make that sell.
All right wants us to thank you very much an equal opportunity.
Basher in a lot of people and criticizing -- and has spoken and the so whatever the price of -- -- -- good -- after dysfunctional isn't that the bush -- as possible so great author Ron thank you very much for joining us now my pleasure in the.
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