That Was Quick

The inimitable Alexander Cockburn:

That was quick. It seems only yesterday – in fact it was only yesterday - that we had Barack the Populist flailing away at the banks. He didn’t run for office only to end up "helping out a bunch of fat cat bankers on Wall Street", he told CBS’s 60 Minutes in December. Early, he’d talked hotly of the obscenity of the bankers’ bonuses. In January he was shaking his fist at the mighty powers of Wall St: "If these folks want a fight, it's a fight I'm ready to have." In his State of the Union speech he dealt the bankers another couple of glancing blows.

BUT now it’s Valentine’s Weekend and love is in the air. On Friday Bloomberg Business Week featured Obama telling two Bloomberg reporters he doesn’t begrudge the million-dollar pay-outs made to two of Wall Street’s most powerful men because, after all, “there are some baseball players who are making more than that.”

What about JP Morgan chairman Jamie Dimon ($16.1m plus a $1m salary) and Goldman’s boss Lloyd Blankfein ($9m)? "I know both those guys; they are very savvy businessmen," the President said. "I, like most of the American people, don't begrudge people success or wealth. That is part of the free-market system."

To ask which is the “real” Obama is to drift towards the illusion of thinking there is one – as opposed to an infinitely mutable organism, endlessly adapting to political circumstance, with an eye eternally cocked to the main chance. People who nourished high hopes for Obama pathetically claim that he’s been taken prisoner by malign forces, by the Chicago mafia -- Rahm Emanuel, Valerie Jarrett, David Axelrod and David Plouffe -- and if he could only have other counsellors at his side, why then he’d… he’d…