New Republic: "Barack Obama, Hedge Fund Candidate"

May 11 (LPAC)--Barack Obama's enormous hedge fund support is the subject of The New Republic's feature article, "Barack Obama, Hedge-Fund Candidate," in today's issue. Author Clay Risen argues that Obama has raised twice as much money as Hillary Clinton from private equity firms, and holds first place among all candidates in contributions from investment banks. As Executive Intelligence Review has reported, hedge funds are involved in all such firms and dominate their activity.

Democratic Party statesman Lyndon LaRouche addressed the hedge funds' attempts to buy up the Democratic Presidential field in his April 20, 2007 article,

Risen says that Obama's 100,000 donors, compared to Hillary Clinton's 50,000, have allowed him to play "the people's choice," while he has gained the financial backing of the incredibly wealthy younger generation on Wall Street, including Paul Tudor Jones II (head of Tudor Management hedge fund); Eric Mindich, of Eton Park Capital Management, John Steiner, managing principal of the Quadrangle group, and Jamie Rubin, son of former Clinton Treasury Secretary Robert Rubin.

The reasons are generational, and practical, Risen concludes. The Clintons have been around 16 years, with many backers ahead of newcomers for influence and policy posts, but Barack Obama is wide open. "If we all lined up for Hillary, we wouldn't have even gotten into the anteroom, let alone seats at the table," one of Obama's young fundraisers is quoted. "But that's not how it is with Barack. We're already at the table."

The hedge funds need influence now in the current brawl in the Congress over moves to regulate, and tax, income from hedge funds. As the symptoms of the financial crash hit the Congress, a larger battle looms between LaRouche's proposal for government creation of credit for massive infrastructure-building on the FDR-model, or submitting to hedge fund looting.