It’s no secret that many of America’s richest men hate, just hate, President Barack Obama

from Paul Krugman: http://www.pressdemocrat.com/article/20120722/WIRE/120729959/1070/OPINION?Title=KRUGMAN-Bursting-the-plutocrats-bubble

Clearly, Romney believed that he could run for president while remaining safe inside the plutocratic bubble and is both shocked and angry at the discovery that the rules that apply to others also apply to people like him

“Let me tell you about the very rich. They are different from you and me.” So wrote F. Scott Fitzgerald — and he didn’t just mean that they have more money. What he meant instead, at least in part, was that many of the very rich expect a level of deference that the rest of us never experience and are deeply distressed when they don’t get the special treatment they consider their birthright; their wealth “makes them soft where we are hard.”

. . . It’s no secret that, at this point, many of America’s richest men — including some former Obama supporters — hate, just hate, President Barack Obama. Why? Well, according to them, it’s because he “demonizes” business — or as Mitt Romney put it earlier this week, he “attacks success.” Listening to them, you’d think that the president was the second coming of Huey Long, preaching class hatred and the need to soak the rich.

This is crazy. In fact, Obama always bends over backward to declare his support for free enterprise and his belief that getting rich is perfectly fine. All that he has done is to suggest that sometimes businesses behave badly and that this is one reason we need things like financial regulation. No matter: Even this hint that sometimes the rich aren’t completely praiseworthy has been enough to drive plutocrats wild. For two years or more, Wall Street in particular has been crying: “Ma! He’s looking at me funny!”

Wait, there’s more. Not only do many of the superrich feel deeply aggrieved at the notion that anyone in their class might face criticism, they also insist that their perception that Obama doesn’t like them is at the root of our economic problems . . .


read more: http://www.pressdemocrat.com/article/20120722/WIRE/120729959/1070/OPINION?Title=KRUGMAN-Bursting-the-plutocrats-bubble