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Obama Begins Vacation Golfing With Wall Street Supporter Wolf

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Aug. 11 (Bloomberg) -- U.S. President Barack Obama began his first full day of a vacation on Martha’s Vineyard in Massachusetts with a round of golf with Robert Wolf, a friend and top Wall Street backer of his 2012 re-election campaign.

Obama is playing a midday round at Farm Neck Golf Club in Oak Bluffs with Wolf and presidential aide Marvin Nicholson and White House chef Sam Kass.

Wolf, 51, the chief executive officer of 32 Advisors LLC and former UBS Americas chairman who served on the president’s jobs council, has been one of Obama’s chief Wall Street allies. Obama in June appointed Wolf to his Export Council.

“I am very close with the president and I believe in the direction he’s going with education, with health care, certainly on some of his policies on infrastructure,” Wolf said on Bloomberg Television in February.

Obama and the business community will have a “much deeper alignment on some of his policies, especially immigration and tax reform,” Wolf said.

Wolf collected more than $500,000 in bundled donations for Obama’s 2012 re-election campaign, according to the Center for Responsive Politics, a Washington-based group that tracks campaign donations.

Reporters and photographers traveling with the president for his nine-day vacation were permitted to watch the foursome, from a distance, at the first hole. Obama and his wife Michelle arrived at Martha’s Vineyard yesterday, where they were to join their daughters.

To contact the reporters on this story: Margaret Talev in Washington at mtalev@bloomberg.net; Greg Giroux in Washington at ggiroux@bloomberg.net

To contact the editors responsible for this story: Jeanne Cummings at jcummings21@bloomberg.net; Steven Komarow at skomarow1@bloomberg.net

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