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Obama walks fine line in bashing Romney, courting Wall Street

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-16-12 02:56 AM
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Obama walks fine line in bashing Romney, courting Wall Street
Money talks, people walk.

Reuters) - For President Barack Obama's re-election team, it's sort of like threading a needle.

While trying to define Republican Mitt Romney as an insensitive job-killer during his time as a private equity executive, the Obama campaign also is raising money from private equity executives on Wall Street - and hoping voters don't see that as hypocritical.

The Obama campaign's political dexterity was evident on Monday, as it released a blistering video ad recounting how Romney's Bain Capital laid off 750 workers from a steel mill in Missouri. Hours later, the campaign raked in about $2 million at a Manhattan fundraiser held by Tony James, president of the Blackstone Group, a huge private equity firm.

The Blackstone Group had been on the Obama campaign's radar before - as a target for criticism.

Last month, the campaign identified a Blackstone partner, Paul Schorr, as one of "eight wealthy individuals" who donated to Romney's campaign after "betting against America" in "less-than-reputable" deals that led to outsourcing and layoffs.


(Additional reporting by Kay Henderon in Iowa, Gregory Roumeliotis in New York and Eric Johnson in Chicago; Editing by David Lindsey and Philip Barbara)

Face it: NO ONE in politics is that into us, unless "us" can donate or bundle big bucks campaign donations.

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