CNBC – President Barack Obama is trying to win back Wall Street executives and hedge fund managers. In the 2008 election campaign, Obama enjoyed broad support from Wall Street. Even many executives who usually support Republican candidates were backing Obama against John McCain.
But since then, Obama has turned off many financial industry executives by labeling them “fat cats”—and, perhaps more importantly, by failing to bring about a more robust economic recovery. The businesses of many of Wall Street’s biggest companies depend, in large part, on a growing economy.
