Message: I care, you bitter clingers! Since his party lost the special election to fill Ted Kennedy’s Massachusetts Senate seat, pundits have been proclaiming President Barack Obama in need of a new message. As this week drew to a close, he offered some samples of what it will sound like. Turning up the volume on the fiery populist rhetoric he’s been deploying against the Wall Street “fat cats” that have become a favorite target, Obama signaled that he intends to pursue new Wall Street regulations as well as health care reform, despite his party having lost its 60-seat supermajority in the Senate.
Of course, Obama played the faux-populism card in the 2008 campaign, too. The reality was a bit different. Barack Obama’s first major step on the campaign trail — in December 2006 — was to Wall Street, where he snagged the backing of convicted inside trader George Soros and investment banker Robert Wolf, who became CEO of UBS Americas.
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This is a concise RTWT about O's faux financial populism.