Richard Johnson, NY Post
President Obama gets criticized by a lifelong Democrat, Bernard Schwartz, in his new book, “Just Say Yes.”
The Bensonhurst native, who ran Loral Space & Communications for 34 years, was the top donor to the Democratic party during the Clinton Administration. But Schwartz is less thrilled with Obama, who has failed to push through the infrastructure initiative Schwartz claims will boost the economy and add 7 million jobs.
“Since the middle of the Clinton Administration, the reins of governmental power have been held by men like Robert Rubin, Hank Paulson, Larry Summers, Alan Greenspan, Timothy Geithner, and Ben Bernanke,” Schwartz, 88, writes.
“Not all of these gentlemen are equally responsible for the 2008 crisis or its potential repetition in the future, but there has been a pervasive conceptual thesis advanced by this group that heavily favors Wall Street over Main Street.”
The powers that be favor the big banks, says Schwartz.
“And unfortunately, President Obama’s immediate political advisors were not experienced enough to offset this imbalance of influence.”
Wow, Bernie, such tough talk. I'm sure BarryO is smarting! (not)
Schwartz, right, shakes hands with some doofus.