Naivete, Entitlement, or Both?
I missed it when it went up a couple days ago, but Noam Scheiber had a great post about the relationship between Wall Street's denizens and Obama.
He pulls out this nugget from a piece in today's Times Magazine:
For the next hour, the [Wall Street] donors relayed to Messina what their friends had been saying. They felt unfairly demonized for being wealthy. They felt scapegoated for the recession. It was a few weeks into the Occupy Wall Street movement, with mass protests against the 1 percent springing up all around the country, and they blamed the president and his party for the public’s nasty mood. ...
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?
Yes, it would be a historic speech—a powerful person finally standing up for other powerful people!