Categorized | Current Affairs

A CEO Excoriates Obama for His Class Warfare Nonsense

I was going to post this in the headlines, but it deserves it’s own post.  Via Gerry Willis at Fox Business:

Billionaire investor Leon Cooperman made public his letter to the President, in  which he calls for Obama to end his class warfare rhetoric and appeal to all  voters today. Cooperman, below, makes the point that the President’s comments  are divisive at a time we can least afford it. The chairman of Omega Advisors  was a one-time Goldman Sachs asset management chief.


November 28, 2011

President Barack Obama

The White House

1600 Pennsylvania Avenue, NW

Washington, D.C. 20500

Dear Mr. President,

It is with a great sense of disappointment that I write this. Like many  others, I hoped that your election would bring a salutary change of direction to  the country, despite what more than a few feared was an overly aggressive social  agenda. And I cannot credibly blame you for the economic mess that you  inherited, even if the policy response on your watch has been profligate and  largely ineffectual. (You did not, after all, invent TARP.) I understand that  when surrounded by cries of "the end of the world as we know it is nigh", even  the strongest of minds may have a tendency to shoot first and aim later in a  well-intended effort to stave off the predicted apocalypse.

But what I can justifiably hold you accountable for is you and your minions’  role in setting the tenor of the rancorous debate now roiling us that smacks of  what so many have characterized as "class warfare". Whether this reflects your  principled belief that the eternal divide between the haves and have-nots is at  the root of all the evils that afflict our society or just a cynical, populist  appeal to his base by a president struggling in the polls is of little  importance. What does matter is that the divisive, polarizing tone of your  rhetoric is cleaving a widening gulf, at this point as much visceral as  philosophical, between the downtrodden and those best positioned to help them.  It is a gulf that is at once counterproductive and freighted with dangerous  historical precedents. And it is an approach to governing that owes more to  desperate demagoguery than your Administration should feel comfortable with.


Capitalism is not the source of our problems, as an economy or as a society,  and capitalists are not the scourge that they are too often made out to be. As a  group, we employ many millions of taxpaying people, pay their salaries, provide  them with healthcare coverage, start new companies, found new industries, create  new products, fill store shelves at Christmas, and keep the wheels of commerce  and progress (and indeed of government, by generating the income whose taxation  funds it) moving. To frame the debate as one of rich-and-entitled versus  poor-and-dispossessed is to both miss the point and further inflame an already  incendiary environment. It is also a naked, political pander to some of the basest human emotions – a strategy, as history teaches, that never ends well for  anyone but totalitarians and anarchists.

That last bit is something Obama’s OWS compatriots would do well to remember.  I urge you to go here and read the entire letter. It’s excellent. (h/t Hot Air)

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  • pete4palin

    He’s brave…. watch the IRS now do an audit of him and his business.

  • susiepuma

    Wow – just wow – but it will make no difference – the fraud is controlled by his puppetmasters and will not change because he cannot.  He knows nothing but what he has been brainwashed to believe since he was a small child – once a community organizer, always a community organizer…………………

    • Rob Hart

      Great minds think alike. I’m several  minutes behind you and said basically the same thing.

  • nkthgreek

    Sorry, Mr. Cooperman. But rather than being open to constructive criticism, the President continues to show by his actions, that he prefers using class warfare as a method of assuring his reelection. 

  • Rob Hart

    Toothpaste is out of the tube. Obama can’t retract now. He has made his bed and will have to go lie down in it in 2012.
    Class warfare is what he was taught during his very early formative years and still remains with him as the most familiar tactic of interaction, divide and conquer. He will not change now or possibly ever for it is a part of him. 

  • Ting

    Thanks for the link.  I learned a new way to express some of these ideas.

  • indemind

    Nice fine Doug….and thank you Mr Cooperman, from someone who also grow up in Da Bronx…

    and the beat goes on… 

    Sarah Palin not for sale 2012

  • blackbird

    Thanks for the post Doug.

  • wodiej

    I am not sure Obama is running the show anyway.  Most of the time he is AWOL playing golf, vacationing  or campaigning. I think Valerie Jarrett, the super committee and a few others are in charge and Obama is just signing things.  Second, I don’t think he really cares about creating class warfare.  He just wants to be re-elected to assuage his narcissism and for he and his wife to abuse taxpayers money by indulging in luxuries they could otherwise ill afford.  In other words, he could care less about the US.

  • Mary Beth House

    It’s disturbing how naked and obvious this tactic is.  Let’s do all we can to make sure it doesn’t work.

    I am glad to see more people calling him out more and more.

  • IwjwI

    Good find. O won’t change a thing. Cooperman needs to watch his back.

  • n4cerinc

    Like Gov. Palin said, now he has a record to run on. 

  • njinfl

    For years the Marxist Dems have accused the working class whites of ‘false consciousness':  voting Republican, that is, against their class interest.  They do this, according to the Dems, because of atavistic appeals to racism and tribal patriotism.

    Yet now we see plainly the Dem fortunes depend on a false consciousness as well.  As the specter of a decisive white voting bloc arises, Dems now are desperately seeking to splinter it along class and gender lines. 

    The Dems have long sought to be husband and father to isolated, weak and frightened single females, hence their vicious anti-family policies.

    And now they target status obsessed yuppified whites, attempting to split the white bloc by convincing these ‘urban professionals’ they have more in common with the super elites and the black and brown welfare classes (whom these yuppies support with taxed transfer payments) than with icky, racist, country music and NASCAR loving working class whites, to whom they are often related.

    Hence the constant cultural brainwashing from the educational system and the hipster pop culture.

    The Dems are attempting to convince the status-anxious that voting Republican is not just racist and immoral, its actually Much Worse:  its Declasse!

  • mike

    Don’t buy into this guy’s crap. He’s an obama supporter. He intentionally made the email public for everyone to see. Why make it public if it was meant for Obama??!!

    Odds are, he’s feeling the wrath of the American people. Probably revenues dropping in his companies. He’s looking to get support from us. Screw him.

    He probably warned obama he was sending it for financial reasons. Don’t buy into the liberal, socialist crap.

  • conservativemama

    Fantastic letter.  What strikes me is how heartfelt it is.  This man obviously loves and values this country.  He understands, appreciates, and never forgets why his parents came here.  He embodies the traditional American values that built this country, that allowed free people to chase their dreams and in doing so, built this wealthy country that’s lifted people, all people, to heights unknown in human history.

    Sadly, Obama is indoctrinated in the failed theories and policies of one of history’s most inhumane characters, Karl Marx.  It’s hard to find a more odious person to emulate.  His only appeal is power for those who cannot compete in a free marketplace, and who cannot shake the envy they have for their fellow man.  One of our 10 commandments implores us to "………….not covet thy neighbor’s house."  And here we have a president who’s whole political identity is built on fostering envy among his countrymen.  Horrific.  (For a great description of Marx, read Paul Johnson’s book, The Intellectuals.)

    "naked, political pander to some of the basest human emotions – a strategy, as history teaches, that never ends well for  anyone but totalitarians and anarchists"  — So eloquent, so true.  Marx, Lenin, Stalin, Pol Pot, Mao, Fidel, etc.   More examples of this than humanity deserves.

    "You might do well at this point to eschew the polarizing vernacular of political militancy and become the transcendent leader you were elected to be.  You are likely to be far more effective, and history is likely to treat you far more kindly for it." —  Wonderful words, but it assumes that Obama is a good man with whom one can reason.  I submit that he isn’t.  That’s what he’s showing us.  He is instilling and cultivating a class warfare in this country that is so base, so ugly, so ignorant that it hurts the heart and soul to watch.

    Our weakness as a nation is the fact that so many do not know history.  I am married to a historian.  I teach history.  It’s invaluable.  Early in my marriage I was amazed at how easily my husband could relate most any current event to some time, place, or person in the past.  The present is easily understood when we know the past.

    As for me, when Obama began his march to the White House a few years ago, every story my mother told me about the Cuban revolution seemed to be replaying itself.  I could never have imagined that in this country I could so closely be living the sequel to my mother’s life.

    I don’t mean that to sound scary, I just want to sound an alarm.  I know that most of you here get it, but my fear is that so many in this country don’t.  Our historical ignorance is so damaging.

    Be sure that you’re checking your children’s history books and lessons, because the bias is there.  Listen to what they tell you about class.  I oftentimes have to give my girls the other side of the story.  It’s astonishing what some teachers, and substitute teachers, will say in class.

    As for you Sarah, if you or someone close to you reads our comments here……………..I’m in the reconsider camp.  I leave the decision to you of course and realize that my hope is a long shot.  But, please take note of George Washington, who looked back in history to Cincinnatus.  It is so rare to have leaders who really do put virtue and service first.  I know that you do so in your current role as a commentator, and I value your role in defining the national conversation.  But wow, a President Palin would be so fantastic for this country.

    My two cents and then some.

  • Repack Rider

    I’m old enough to remember when Eisenhower was president, the United States was a manufacturing power, we led the Free World, and unemployment was the lowest at any time since the Great Depression.

    That was when the ultra-rich paid a 90% tax rate.  Lowering the tax rate on the rich to one third of what this hard-working (6 days a week) self-employed Army vet, business owner and employer pays seems to have had the opposite effect.  I pay a higher rate on my hard work than a billionaire pays on the money he makes while he sleeps because he was already rich when he went to bed.

    Why don’t we try again what worked before?

    • conservativemama

      How many people do you think really paid that rate?  90% guarantees tax evasion.  And it’s immoral.  How dare any government think it has the right to 90% of your income.

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