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Is Obama's Timing Getting Better?


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The ads right now have little impact on the vote in November. Wait until the summer ends and the debates are in full swing and of course....the economy.

Of course if your goal is to try to define your opponent before he has a chance to that can work to your advantage. It`s going to be a loooooong nasty campaign.

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Obama's no dummy...

He passes what he knows will be unpopular legislation (health care, bailouts, stimulus and spending packages) early in his administration, sits on his arse playing golf and having beers for the middle two years, then swings in with popular legislation (whatever that is) during election season, banking on the short attention span of most American voters...

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Obama's no dummy...

He passes what he knows will be unpopular legislation (health care, bailouts, stimulus and spending packages) early in his administration, sits on his arse playing golf and having beers for the middle two years, then swings in with popular legislation (whatever that is) during election season, banking on the short attention span of most American voters...

That`s what I meant to say.

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Its not exactly politically above board for for a President to 1) endorse a private bank showing bias 2) endorse a bank that gamed the system during a bad economy, 3) endorse a bank that you have a lot of money in above the FDIC limi

t.

That said, there is a

difference between investment banking and a checking account, but I would not call drawing more attention to JP Morgan and their CEO who is Obama's biggest supporter on Wall Street (16 White House visits before this fiasco broke) good timing or smart campaigning.

http://news.yahoo.com/obama-1-million-jpmorgan-chase-204634473.html

Obama has up to $1 million with JPMorgan Chase

US President Barack Obama has up to $1 million in a JPMorgan Chase checking account, the White House said Tuesday as a controversy deepened over the bank's $2 billion dollar losses.

Public figures in the United States are required by law to publish their assets and investments to avoid conflicts of interest, and the White House releases disclosures for Obama and Vice President Joe Biden each year.

As well as the between $500,000 and $1 million in the JPMorgan Chase Private Client Asset Management checking account, Obama also has millions of dollars in a variety of other accounts and funds, bonds and treasuries.

The largest holding, according to the disclosures, is between one and five million dollars in US Treasury notes.

Most of Obama's wealth comes from book royalties, including from his best selling autobiography "Dreams From My Father."

Obama said during a television interview with ABC's "The View" broadcast Tuesday that the $2 billion in derivatives losses suffered by JPMorgan proved the need for tighter banking regulation.

He also said that JPMorgan chief Jamie Dimon was "one of the smartest bankers we got and they still lost money."

"They still lost $2 billion dollars and counting precisely because they were making bets in these derivative markets. This is why we passed Wall Street reform."

The US Justice Department has opened an FBI probe into JPMorgan Chase's more than $2 billion trading loss, a person familiar with the matter told AFP Tuesday.

News of the investigation came as Dimon, JPMorgan's embattled chief executive, faced criticism at the company's annual shareholders meeting in Tampa, Florida, over the shock loss.

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