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Saturday, October 16, 2010

Old news: Obama put on notice by Democratic money moguls


August 27-29, 2010 -- Obama put on notice by Democratic money moguls Informed sources in WashingtonDC have told WMR that President Obama has been personally told by a delegation of top Democratic Party financiers that unless he radically changes his economic policies they will bolt from him for another Democratic candidate in 2012. The Democratic money moguls conveyed the warning to Obama in Martha's Vineyard, where the president and his family are spending their vacation.

There are various factions within the Democratic Party that see different scenarios to bail out what many Democrats see as an administration in deep trouble with the electorate. One would have Secretary of State Hillary Clinton move up to replace Vice President Joe Biden on the 2012 ticket with Senator John Kerry becoming Secretary of State. However, WMR has been told that Clinton personally loathes Obama and his chief of staff Rahm Emanuel and may not want to be part of the 2012 president ticket playing second fiddle to Obama.

WMR has also learned that Obama's reported "severe narcissism" has a number of his cabinet officials and top Democratic fundraisers perplexed. Obama's refusal to change course because of his ego was discussed at the recent annual Bohemian Grove conclave in northern California, which brings together influential businessmen and politicians from both parties. Top U.S. business leaders openly complained about Obama's economic policies, with some stating that Obama is, for the business community, the worst president in anyone's lifetime. They also complained about White House gatekeepers like Emanuel and policy advisers Valerie Jarrett and David Axelrod who are preventing access to the Oval Office.

Although such complaints could be expected from Republican businessmen, we have learned that top Democratic businessmen at the Bohemian Grove have told Jarrett, Obama's chief liaison to them, that all she does is  shake them down" for campaign contributions and that the uncertainty on the costs for Obama programs on health care and taxes has prevented the hiring of workers.

WMR has also learned that rather than change course, the White House staff, who are keenly reading anything that is critical of the president, are more interested in exacting revenge for criticism than in changing course. "The White House staff are voracious readers who are obsessed with favorable coverage," one source said.

The Obama administration's interest in a favorable public image over all other interests has a number of Democrats running for re-election privately miffed. One change many Democratic politicians and fundraisers would like to see is the replacement of Treasury Secretary Timothy Geithner with someone with more gravitas and a better handle on fixes for the plummeting economy.


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Some senior Democrats are also livid about Emanuel's constant selling out of Democratic Party interests for narrow political objectives. WMR has been told by a reliable source that Emanuel has privately conveyed to Florida independent Senate candidate Governor Charlie Crist that the White House will quietly support him if he caucuses with Senate Democrats. Crist has apparently cut a deal with the White House that would see lukewarm White House support for Democratic candidate Kendrick Meek, who recently won the Democratic nomination.

There are dark clouds on the horizon for Obama regardless of a sudden course correction, which some Democrats do not see coming. Certain Democrats see Obama as a liability and there has been a reported understanding reached with the U.S. Attorney for northern Illinois, Patrick Fitzgerald, that in the second trial of ex-Illinois Democratic Governor Rod Blagojevich, Obama and his aides, particularly Emanuel, Jarrett, and Axelrod, will no longer enjoy protection from being called as witnesses.

The sudden dropping of federal corruption charges against Rob Blagojevich, the brother of the former governor, may be part of a deal worked out that would focus the trial more keenly on Blagojevich's dealings with Obama and his top aides, including the appointment of Obama's successor in the Senate and financial deals involving Tony Rezko, Stuart Levine, dubious property development in the north Chicago Fifth Congressional District formerly represented by Emanuel, real estate ventures involving the proposed 2016 Summer Olympics in Chicago, and Obama's mortgage with the failed Broadway Bank and his relationship with Rezko and U.S. Democratic Senate candidate Alexi Giannoulias, who was the vice president for loans at the bank at the time the mortgage loan was made.

If the scope of the investigation of corruption in Chicago expands beyond Blagojevich to the White House, we are told the word "impeachment" would begin to be on the lips of a number of Washington politicos

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