The friction between the Black Caucus and Obama escalated when Waters berated the administration for failing to rework a business loan from Goldman Sachs to the Inner City Broadcasting Corp. Inner City is run by Pierre Sutton, son of Percy Sutton, the longtime media giant in the African-American community. Two weeks after she raised the issue in a meeting with Treasury Secretary Timothy Geithner and Emanuel, Goldman saw the light and restructured the loan.
Coming on top of liberal angst with the decision by the "peace" president to escalate the war in Afghanistan, this split with the Black Caucus comes at an awkward time.
But you pay a price when you mess with the African American Caucus and the Suttons. The Obama administration is feeling it. Its kind of fun to watch!