Is Goldman Obama's Enron? No, it's worse

Is Goldman Obama's Enron? No, it's worse

www.washingtonexaminer.co m

Campaign contributions from Goldman Sachs employees to President Obama are nearly seven times as much as President Bush received from Enron workers, according to numbers on OpenSecrets.org.

President Bush's connections to Enron were well-hyped during the company's accounting debacle that rippled through the economy. Time magazine even had an article called, "Bush's Enron Problem." The Associated Press ran with the headline, "Bush-backing Enron makes big money off crisis." David Callaway wrote that Enron for Bush was worse than Whitewater for Clinton.

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.

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[edit on 20/4/2010 by Mirthful Me]

The involvement of Goldman Sachs in the current financial disaster and its ties to the government will be the largest scandal in US history, eclipsing the business with Enron.

These are smart dudes. They are not foolish enough to give money to a politican out of agreement with their political views or agenda. They give money to politicans with the same mindset they put money into anything - the are making an investment.

That investment will also be shown to be one of the highest returning investment in 100 years.

These gents are dirty and everyone knows it. They also have so much power that there is nothing the government will do about it, now or ever. The currency Goldman has is the inside information about how the TARP was corrupted, how the government knew that the disaster was looming and purposefully did nothing about it and how government insiders profited by this mess.

Even when the government changes, this won't come out as the knowledge will undermine the faith in the capital markets and clearly show that the whole busniess is a sham and that we have no free market. That knowledge will lead to a complete market collapse and too many elites subject to criminal charges. It does not matter who is in office, the full story of this will not come out for well over 20 years.

The administration is fighting the release of documents under FOIA and you can bet that the shredders are working overtime in the Treasury department.

This whole business is going to make the deal when Sandy Berger spirited Top Secret documents out of the White House by jamming them down his pants seem like childs play

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[edit on 20/4/2010 by Mirthful Me]

Will be interesting to see how the Obama supporters justify this one, numbers don't lie, but will still be interesting to watch them try!!LOL

reply to post by clownsroundhere


He'll give them the money back. They'll then give their pal Tim Geithner a call and ask him who he is going to hammer the next time he gives testimony and then short that stock/index and make 10x on the original investment!

reply to post by dolphinfan


IMHO the MSM (know to be liberal) will down play Obama's involvement in receiving funds from Goldman Sachs if they even mention the connection at all. The media seems to love demonizing right-wing politicians but rarely does the same to the left-winged ones.