Hey, it’s not like Daley was once chairman of JP Morgan Chase . . . no, wait?
(Politico) — White House Chief of Staff Bill Daley slammed Wall Street Monday for its “disconnect” with the economic distress happening in America.
Daley, himself a former regional chairman of JPMorgan Chase, criticized Wall Street for its outsize influence in the nation’s affairs in an interview with the New York Times.
“A lot of people in the financial sector have done quite well, I being one of them. And the influence that the financial sector has on our economy is way beyond what it ever had. And there’s a bad side to that,” he said.
Daley said that even lower-level aides on Wall Street are among the top earners in the country, adding to the barriers between the financial sector and those outside the industry.
“There is a disconnect in some parts of the financial sector with what really is going on out there in America and the pain that’s out there. Someone who’s making $125,000 is in the top 5 percent of income-earners in America. So most of the assistants to the leaders of Wall Street or other major businesses probably are in the top 5 percent of the earners in America,” said Daley.
Daley declined to walk back President Obama’s critical comments about Fox News reporter Ed Henry. Last week during a press conference, Henry included remarks from former Massachusetts Gov. Mitt Romney as part of a question to the president. “Well, I didn’t know that you were the spokesperson for Mitt Romney,” Obama responded.