Obamanomics - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

The distinction between Wall Street and Main Street is interesting. In other words, "the bubble economy" or "the real economy".

Obamanomics - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "Barack Hussein Obama was elected the 44th president of the United States on Tuesday, sweeping away the last racial barrier in American politics with ease as the country chose him as its first black chief executive.

In his victory speech, Mr. Obama returned to the subject of the current financial crisis, a central theme in his campaign against Republican challenger John McCain. He again suggested that Wall Street’s fortunes have strayed too far from the rest of the country’s.

“Let us remember that if the financial crisis has taught us anything, it’s that we cannot have a thriving Wall Street while Main Street suffers,” he said in his speech Tuesday night. “In this country, we rise or fall as one nation, as one people.”

As DealBook pointed out in our fall 2008 special section, this is a view that Mr. Obama has expressed again and again. From a campaign event in September: “We let the special interests put their thumbs on the economic scales. The result has been a distorted market that creates bubbles instead of steady, sustainable growth; a market that favors Wall Street over Main Street, but ends up hurting both.”"
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