Obama tax-cut deal upsets major donors

By Matea Gold, Tribune Washington Bureau

President Obama's advisors are confident that liberals dismayed by his agreement to extend tax breaks for the wealthy will forgive him by the time the 2012 election kicks into gear.

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Democratic operatives are already laying plans to set up new independent expenditure committees that can raise unlimited funds, and hope to enroll early contributors to establish a beachhead for the coming campaign. But some stalwart party donors are vowing to withhold funds because of their anger over the tax-cut deal.

"I do not plan to support Obama and his reelection effort," said Utah-based hedge fund manager Art Lipson, who gave hundreds of thousands of dollars to the Democratic Party and its allies in recent elections. He views the tax-cut compromise as a giveaway to Republicans that will increase the deficit.

"He's got many great qualities, but he is not a fighter," Lipson said of the president. "I've met with many donors and the level of disappointment is extreme."

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Link: http://www.latimes.com/news/nationworld/nation/la-na-dem-donors-20101210,0,49525.story

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The fallout continues........

Let's hope this causes Obama to fight for Dem core principles instead of GOP talking points.

"He's got many great qualities, but he is not a fighter," Lipson said of the president.

understand.

For one thing, a lot of the little guys (raises hand) just don't have as much cash anymore. And he has offended more than a few people, most recently Tuesday.

You can call them thin-skinned, sanctimonious purists, but it will cost you.

if he throws a skunk into the room then he ought not pretend that nobody can smell the odor.

Next time his name appears on my ballot he will not be getting my vote.