Last November, President Obama stood before an audience and said government needs to be "responsive to the needs of people, not the needs of special interests." He added, "That is probably the biggest piece of business that remains unfinished." He made these remarks, The New York Times reports, before a $17,900-a-plate fundraising dinner at the home of Dwight and Antoinette C. Bush, two heavy contributors to his reelection.
Welcome to Obama's new world of hope and change. It looks a lot like the old. And this is not the only way it resembles politics as usual. As Sheldon Richman observes, Obama, much like his predecessors, has been a very good friend to big business, especially banks.