Is Goldman Sachs Obama's Enron?

Discussion in 'Politics' started by boedicca, Apr 21, 2010.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Bush was highly criticized for receiving approximately $150K of inflation adjusted campaign contributions from Enron executives and employees.

    Obama has received over $1M of equivalent contributions from Goldman Sachs.

    But the mere $151,722.42 (inflation adjusted) in contributions from Enron-affiliated executives, employees, and PACs to Bush hardly add up to Obama's $1,007,370.85 (inflation adjusted) from Goldman-affiliated executives and employees. That's also not taking into account how much Goldman contributed to Obama cabinet member Hillary Clinton ($415,595.63 inflation adjusted), which was itself almost three times as much as Bush received as well.

    It would be fair to say that the total amount the Obama administration has received from those affiliated with Goldman Sachs is ten times that of what Bush received from Enron.


    Is Goldman Obama's Enron? No, it's worse (Updated) | Washington Examiner

    There's also a very interesting twist: Goldman Sachs is actually advocating for the financial reform:

    A powerful alumni network plus bundles of campaign cash mean Goldman will get what it wants -- and contrary to the media narrative, what Goldman wants is not laissez-faire.

    Politico quoted a Goldman lobbyist Monday saying, "We're not against regulation. We're for regulation. We partner with regulators." At least three times in Goldman's conference call Tuesday, spokesmen trumpeted the firm's support for more federal control.



    Goldman Sachs wants regulation, not laissez-faire | Washington Examiner


    Actually, this isn't Obama's Enron - it's much, much worse. Bush allowed Enron executives to be prosecuted. Goldman Sachs has served up a low level 30 year old sacrificial lamb on the altars of getting the government to do its dirty work of rigging the rules in their favor.
     
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  2. Oddball
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    No.

    The PR wing of the Obama empire (AKA the lamestream media) will never ever report on this like they did the Enron, Tyco and WorldCom scams.

    After all, they swept Global Crossing under the rug pretty quickly when it was discovered that then DNC chair Terry McAuliffe was involved and made zillions.
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Sadly, I agree. The GS situation is worse - and the MSM will cover it up.

    (McAuliffe should be in jail.)
     
  4. Baruch Menachem
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    Baruch Menachem '

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    Bugs me that the main flack for Enron got a job at the NYT whose main job seems to have been making tin foil conspiracy articles about Bush and Enron for 8 years. Krugman worked for Enron and was stainless. Bush met Ken Lay a couple times, and Enron was his fault.
     
  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    That's the way the Left Wing Press develops and spreads its narratives.
     
  6. Xenophon
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    Xenophon Gone and forgotten

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    Look at how they defend Barry if you even bring it up.

    The Dems carefully internally polled to find a new scapegoat to divert public interest in, and 'Wall street' care up as target #1. Now all their efforts are there, in the hope that the public will forget the dirty deals of Barrycare and teh Stimulous and view the government as 'avenging the little guys', a narritive they believe they can ride into novemeber.

    Quite dishonest and extremly cynical.
     
  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    But they do get 10 Points For Consistency.
     
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  8. Xenophon
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    It won't help them.
     
  9. Truthmatters
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    Ken Lay adn Bush were long time friends
     
  10. Xenophon
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    Geitner was apointed to government by Obama.
     

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