A pivotal donor for the Democrat party who's previous donations include the financing of the DNC's Washington DC's headquarters has hinted that he will be sitting on the sidelines for President Obama's 2012 re-election campaign.
Billionaire financier Haim Saban told CNBC last night that Obama hasn’t done enough to show support for Israel. He also said that he has no plans to contribute to the president’s campaign.And here I am with my world's smallest violin in the shop for it's 25,000 sad sad song tune-up.
“President Obama has raised so much money and will raise so much money through the Internet, more than anybody before him. And he frankly doesn’t, I believe, need any of my donations,” said Saban.
“I’m very perplexed as to why the president, who’s been to Cairo, to Saudi Arabia, to Turkey, has not made a stop in Israel and spoken to the Israeli people,” he continued. “I believe that the president can clarify to the Israeli people what his positions are on Israel and calm them down. Because they are not calm right now.”
There have been reports that Obama is losing Jewish support after his clash with Prime Minister Netanyahu last week, but this development is the most significant so far. If a key donor like Saban has decided to break with the president, then there are likely others who will follow suit.
Steve Rosen, director of the Washington office of the Middle East Forum, and a former AIPAC official, said that this is part of a trend of Democrats rejecting Obama’s policy toward Israel.
“It’s not happening in isolation. It’s happening in a context in which Harry Reid broke with the president in the last two days,” Rosen told me. “I think that Saban is another step in that direction.”
And wouldn't you know it- it's a union shop!
Some of the nation’s largest labor unions are cutting back dramatically on their financial support to the Democratic Party, saying they are highly frustrated with the failure of Democrats to put up stronger resistance to Republican proposals opposed by labor.
The unions have cited what they see as Democrats’ tepid response to Republican efforts to eliminate collective bargaining rights for public sector workers, cut Medicare funding and require voters to show identification at the polls.