Not that I disagree that the relationship between the Democrats (not just the President) and business (and not just business!) can be adequately mapped out using battered-wife syndrome as an analogy; but it’s usually not polite to use that analogy in public. However, hedge-fund operators like Daniel Loeb (major Obama bundler in 2008) apparently feel less… constrained.
“I am sure, if we are really nice and stay quiet, everything will be alright and the president will become more centrist and that all his tough talk is just words,” Mr. Loeb wrote in an email about four months ago expressing frustration with the president’s posture toward Wall Street. “I mean, he really loves us and when he beats us, he doesn’t mean it.”
The hedge fund industry pumped a lot of money into Democratic coffers in ’08: I’m getting the impression that Obama’s going to miss it in ’12. And their bundlers. And their downticket support, particularly in New York (Gilibrand’s going to be up for re-election; hopefully, this time we’ll be taking the election more seriously this time). And yes, you can tell that I am totally broken up about this.