The new White House communications director, Anthony Scaramucci, has already had to scrub his Twitter account to get rid of tweets that criticize President Trump. That’s not all the damage control he has to do for his new role, though.
If he really wants to avoid embarrassment, Scaramucci might also want to try and cover up an old video of him getting smacked down by President Obama for trying to defend Wall Street.
During a CNBC town hall meeting in 2010, Scaramucci, a hedge fund manager who founded SkyBridge Capital, asked President Obama when he was going to stop “whacking at the Wall Street piñata.”
‘I represent the Wall Street community. We have felt like a piñata. Maybe you don’t feel like you’re whacking us with a stick, but certainly feel like we’ve been whacked with a stick. I certainly think that Main Street and Wall Street are connected, and if we’re gonna heal the society and make the economy better, how are we gonna work towards healing Wall Street and Main Street?’
Obama responded by first agreeing with Scaramucci about Wall Street and Main Street being connected. However, he then added that he thought the average American had suffered a lot more from the 2008 financial crisis than the people like Scaramucci who were working on Wall Street.
‘I have been amused by this sense of me beating up on Wall Street. I think most folks on Main Street think they got beat up on.
‘And there’s probably a big chunk of the country that thinks I have been too soft on Wall Street – that’s probably the majority, not the minority.
‘Over the past two years, there have been times when I’ve been frustrated, and I’ll give you some examples. When I hear folks who say we’re being too tough on Wall Street, but after a huge crisis, the top 25 hedge fund managers took home $1 billion in income that year. A billion. That’s the average for the top 25.’
Obviously flustered, Scaramucci then asked Obama why people like Blackstone founder Steve Schwarzman were comparing his proposed tax increases to “when Hitler invaded Poland in 1939.”
Obama drew applause from the crowd when he told Scaramucci that people like him and Schwarzman shouldn’t be “feeling put upon” when so much of the country was dealing with worse financial setbacks than having to potentially pay more in taxes.
‘It is a two-way street. If you’re making a billion dollars a year after a very bad financial crisis where 8 million people lost their jobs and small businesses can’t get loans, then, I think that you shouldn’t be feeling put upon. The question should be, how can we work with you to continue to grow the economy?’
Watch the exchange between Obama and Scaramucci in the video below, available via YouTube.
Featured image is a screenshot from the video.