Friday, April 29, 2011

Obama and Wall Street

President Obama is in town today, bulking up his war chest with a fund-raising party at the Waldorf Astoria and a private reception for wealthy donors. The reception — which will be held at the Fifth Avenue apartment of the wife of former New Jersey governor (and ex–Goldman Sachs CEO) Jon Corzine — will be attended by about 70 thick-walleted supporters, each of whom will cough up $38,500 for the honor of kicking Obama’s reelection efforts into gear.

Pocket change, for these folks. What is the difference between campaign contributions and influence-buying?

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