Obama’s Fruit Cake Détente With Chamber

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Today’s takeaway from President Obama’s address to the US Chamber of Commerce, his most powerful political foe, is that he and his next-door neighbors need to try harder to get along. “I’m here in the interest of being more neighborly,” Obama told a crowd of CEOs at the Chamber’s headquarters, which is across the street from the White House. “Maybe if we would have brought over a fruit cake when I first moved in, we would have gotten off on a better foot. But I’m going to make it up.”

The irony of the fruit-cake quip might have been lost on the Chamber crowd, which isn’t exactly known for its political empathy. Here is a president who mortgaged the future of America’s middle class to bail out its corporate leaders from the recession that they caused, and yet in return, has been on the receiving end of an unprecedented corporate hissy fit in Washington. Imagine if the president of a homeowners association rescued the neighborhood from a wildfire but was voted out of office because he wanted the people living in mansions to do their fair share to prevent another conflagration. That’s the prospect facing Obama.

It could well be that his only remaining option is to bake up the political equivalent of fruit cake—fruity ideas such as free trade agreements, regulatory cutbacks, and tax breaks for the wealthy. It might not taste very good to most of us, but maybe its saccharine combination of trickle-down economic concepts will be durable enough to last through the next election. 

Updated 2/8/11 at 8:35 AM Pacific

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

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