“Of Obama’s 180,000 top dogs, nearly 600 are bundlers representing mostly Wall Street firms, and the sub-prime crowd features prominently. Obama’s bundlers raised over $18 million. You get a better picture of Obama’s supposedly “grassroots” campaign financing when you realize that a mere 552 donors account for almost a full third of his campaign cash. This is masked, albeit not all that effectively, by either failing to list the occupations of these bundlers, or else giving them some innocuous description like “retired” or “homemaker.”
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The idea is that by supporting Obama they can avoid social revolution—appeasing both the gods of political correctness and the Fortune 500. Riding into the fray on a white charger, his banner emblazoned with the “Deflation—Never!” slogan that is the battle-cry of finance capital in a state capitalist society, Obama is the Establishment’s trump card, the elite’s last hope of salvaging its power, prestige, and wealth from the coming implosion. It is a remarkable marketing operation—to create a populist and even a revolutionary persona out of someone who is, essentially, a creation of his corporate overlords—but it looks like they’re going to pull it off.”
Posted by: quiscus | October 10, 2008
October 10, 2008
Posted in Uncategorized | Tags: Obama, populism
