During Morning Joe on Thursday, MSNBC's Chuck Todd appeared baffled by a discussion of negative feelings directed towards Barack Obama from Wall Street. The confused journalist wondered, "Look, at the end of the day, he has not done that much when it comes to business stuff."
Mad Money host Jim Cramer relayed to Todd that Wall Street is upset because, "Most of the people on Wall Street are behind the scenes guys" and the President is demagoging the issue and demonizing them. Todd argued that, regardless of what the President does, "He is getting trapped and hit from both sides, but it isn't just that, this is how sour the American public is."
To understand why Wall Street and the American public might be "sour," one needs to look no further than the cap and trade energy proposal, health care, the financial reform bill, the stimulus, or the nationalization of the automobile and student loan sectors.