Instapundit links to a San Francisco Chronicle opinion piece which notes that Barrack Obama, considered very liberal, is becoming the favorite of the hedge fund crowd. The author of the piece seems somewhat concerned that this is "hush money", so that Obama, once elected, will not engage in the progressive policies he promised.
To me, this is not surprising. Since Obama began his race, my take is that he is not "the progressive candidate" or "the black candidate." Rather, from Obama is the "liberal yuppie candidate." Last summer, I articulated this view to a friend who I would consider a liberal yuppie. Her response was, "well, we ARE the Democratic Party now."
Granted, there are lots of ways to look at the Clinton – Obama battle. It may be partially racial, in that Obama does well in states with few blacks and lots of blacks, but not ones with some blacks. Or it may be class based, a battle between the old Democratic Party (the "beer drinkers" supporting Clinton) and the new Democratic Party (the "wine drinkers" supporting Obama). But the better answer is that it is too complicated to reduce to such simplistic formulae.
Still, when yuppies look at Obama, they see one of them (or us – my wife says I am a yuppie too!)