Obama Courts Wall Street With American Dream

Thursday, 28 Apr 2011 02:13 PM

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President Barack Obama headed to New York City Wednesday in what was seen as an attempt at damage control and to win back some Wall Street dollars for his 2012 run — and he stacked up dollars like the food on the plates at the $35,800-a-head dinner in Manhattan.

Barack Obama, New York, Wall Street“People are worried about the future of the American dream,” the president told the 60 campaign donors at the dinner in the home of former New Jersey Gov. Jon S. Corzine, the former head of Goldman Sachs, The New York Times reports.

“Everybody here almost by definition has lived out that American dream,” he continued. “The question is, will that same story be told by our children and grandchildren? Will it be told by the folks who do all the work here in New York City and across the country, washing dishes?”

Obama reportedly is worried that the Wall Street community is shifting away from him as the economy continues to be battered.

“Democrats are hoping that Mr. Obama can make peace . . . with Wall Street, where financiers have expressed increased alienation with the party and the White House after the oratorical pounding they have taken for their part in the financial crisis that began in 2008,” Helene Cooper writes in the Times. “Several hedge fund managers who supported Mr. Obama in 2008 now indicate that they will support the Republican Party in 2012.”

The dinner ended a day that started with a news conference at the White House announcing his decision to release his long-form birth certificate, followed by a flight to Chicago to explain that decision during the taping of Oprah Winfrey’s show for Monday, followed by the flight to the Big Apple.

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