Big business to Obama: Back off or else
This is the sad reality of our political economy: if you don’t dance to big business’ tune, you will suffer the consequences.
For example, the Obama Administration’s perceived dislike for big business has hurt the Democratic party’s fund raising.
Democratic candidates for the upcoming 2010 elections have seen a 20% drop in funds.
Large-scale defeats in the midterms could be a crippling blow to the ambitious agenda mapped out by Obama’s top advisers. Said Joe Biden: “If they take them back, this is the end of the road for what Barack and I are trying to do.”
Money, indeed, talks loudly in Washington.
