Tags: 2012 President Race | Barack Obama | 2012 Presidential Election

Wall Street Heavyweights Shun Obama

Friday, 24 Jun 2011 01:07 PM

Wall Street’s biggest players -- who have supported President Barack Obama in the past -- were no-shows at his three fundraising stops Thursday in New York City, reports the New York Post.

Although 70 hedge-fund executives paid more than $35,000 to dine Barack Obama, 2012 Presidential Electionwith the president at the posh restaurant Daniel, Wall Street’s top players were conspicuously absent, according to the Post, which suggests the financial community is tired of being “demonized” by the Obama administration.

"The Democratic business-donor community is demoralized,” a Democratic fund-raiser told the paper. “There's not the level of enthusiasm or excitement. They don't believe he's interested in what they have to say."

"I think there are a lot of Wall Street types who are unhappy," the Post quotes a financial executive and Obama supporter as saying. "Do I think everyone's going to abandon the president? I'd say no – I'm not going to abandon him – but I get the sense he's going to get far less support than he did in the past."

Addressing the high-finance crowd, the president tried levity: "I know that it's not going to be exactly the same as when I was young and vibrant and new. Let's face it, it was cool to support me back then [in 2008]…. Now I'm sort of old news."


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