The Wall Street Job Report

From the New York Times:

Hamilton E. James Jr., the president of Blackstone and one of the few prominent Democratic supporters from the private equity world, will host a fund-raiser for Mr. Obama in mid-May, two people with knowledge of the plans said on Thursday.

Mr. James is a longtime donor to Democrats and had been avidly courted by the Obama campaign. He was a guest, along with dozens of other donors, at last month’s state dinner for the British prime minister, David Cameron. He has also publicly expressed concern with political attacks on the private equity industry, calling them “vicious,” “politically motivated,” and “inaccurate and unfair” during a conference call with reporters in February.

Mr. James’s boss, Blackstone co-founder Stephen A. Schwarzman, is less of an Obama fan: He is a top fund-raiser for Mr. Romney and once compared an Obama proposal to raise taxes on so-called “carried interest” — the main source of income for many hedge fund managers — to “when Hitler invaded Poland in 1939.”

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