Do we need any other political/historical commenter than John McEnroe? Greg Sargent points to this plaintive request to the President from a wealthy donor:
They felt unfairly demonized for being wealthy. They felt scapegoated for the recession … and they blamed the president and his party for the public’s nasty mood. The administration, some suggested, had created a hostile environment for job creators.…
One of the guests raised his hand; he knew how to solve the problem. The president had won plaudits for his speech on race during the last campaign, the guest noted. It was a soaring address that acknowledged white resentment and urged national unity. What if Obama gave a similarly healing speech about class and inequality? What if he urged an end to attacks on the rich? Around the table, some people shook their heads in disbelief.
“Most people in the financial world,” a top Obama donor later told me, “do not understand how most of America feels about them.” But they think they understand how the president’s inner circle feels about them. “This administration has a more contemptuous view of big money and of Wall Street than any administration in 40 years,” the donor said. “And it shows.”
It doesn’t show very much. I’m not sure where the “40 years” figure came from. But given that the current financial and economic disaster has a few hallmarks of the 1929-1932 collapse, consider by way of comparison:
We had to struggle with the old enemies of peace–business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering.
They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob.
Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me–and I welcome their hatred.
It would certainly be possible and proportionate to hear a lot worse from the White House than anything we’ve heard in this administration.