Obama says some business leaders focus on gain at others' expense

The Chicago Sun-Times reports:

Democratic presidential candidate Barack Obama told Wall Street investors Monday that several of them have been too focused on their own gain at the expense of struggling Americans and echoed Franklin Delano Roosevelt's call for a ''reappraisal of values.''

Obama prides himself on delivering tough messages directly to the source, and his address at the NASDAQ Marketsite was another example. He said a ''what's good for me is good enough'' mentality has crept into parts of the business world while working men and women toil longer hours and still struggle to pay for health care, tuition and taxes.

''If we are honest, I think we must admit that those who have benefited from the new global marketplace -- and that includes almost everyone in this room -- have not always concerned themselves with the losers in this new economy,'' the Illinois senator said.


''The danger with this mentality isn't just that it offends our morals, it's that it endangers our markets,'' Obama said.

Economic experts including former Commerce secretary Bill Daley, former Fannie Mae CEO Jim Johnson and University of Chicago economist Austan D. Goolsbee helped Obama with the speech, which risks alienating some Wall Street supporters.

Comrade Obama has no problem making money with con men like Tony Rezko.How ironic that Obama would give a socialist style speech with help of Jimmy Johnson of Fannie Mae fame.