President Obama has become President Wall Street because even he realizes that his union buddies will be s.o.l. if the market tanks. Why? Because he knows that pensions depend on the stability and health of the market.
Pensions go to union members and depending on your state, some unions are in worse health than others. Chart here is very good. So, President Obama talks out of both sides of his mouth.
On the one hand he labels Wall Street evil, but even he knows that if everything implodes, his union buds will be in a heap of trouble.