Obama's Secret Power Base

The Daily Beast reports:

Rather than the “good old boys,” Obama’s core group hails from what may be best described as the “creative class”—the cognitive elite, or, to borrow from the Daniel Bell’s The Coming of Postindustrial Society, the “the hierophants of the new society.” They come not from traditional productive industry, but the self-conscious “knowledge” sectors—such as financial services, the software industry, and academia.

From early on, Barack Obama attracted big-money people like George Soros, Warren Buffett, and JP Morgan’s Jamie Dimon far more effectively than his opponents in either party. As The New York Times' Andrew Sorkin put it back in April, "Mr. Obama might be struggling with the blue-collar vote in Pennsylvania, but he has nailed the hedge-fund vote.”

Another great one from Joel Kotkin.