There is a solution: if all those running for office had a cap on the monies they could spend in each election, then all would be playing on a level field and the politicians would be forced to speak with their mouths rather than their pocketbooks. What a fantasy!! It will never happen because politicians are not known for voting against their personal interests and for the interests of the country as a whole. They love their bonuses as much Wall Street loves its bonuses. They are bonuses, right?
Washington and Wall Street don't make strange bedfellows; they are in bed together!
Goldman Sachs Goes Republican
Pro-GOP Tide in Donations Follows Financial Reform Seen as Anti-Wall Street
If you needed a reminder that Wall Street and Washington make the strangest of bedfellows, new research shows that Goldman Sachs donated more money to Republicans than Democrats for the first time in decades. The latest data from the Washington D.C.-based Center for Responsive Politics shows that Goldman has doled out roughly $914,000 to Republican candidates compared to about $776,000 to Democrats in this year's election cycle."I think that Wall Street and other large donors have become not too much unlike the electorate at large – sort of willing to change," said Jennifer Duffy, senior editor of the Cook Political Report, one of the nation's leading non-partisan political handicappers.
The shift is all the more striking considering that in a 20-year period covering 11 election cycles, Goldman donated nearly $21 million to Democrats, almost double the $12 million it gave Republicans, according to data released by the Center for Responsive Poltics last week.
Read the rest of the article here
11 COMMENTS:
Here's a very good essay by Nomi Prins on how the Fed acts against its own policies:
http://tinyurl.com/2cj8fkz
Another good essay (this time by Mike Whitney) on the meltdown of September 2008:
http://www.counterpunch.org/
Do you want to know exactly how large corporations control government? Read the following by Shamus Cooke:
http://www.counterpunch.org/cooke09152010.html
Connect the dots?
Meg Whitman Becomes Biggest Self-Funded Candidate in History
Meg Whitman, the former EBay Inc. chief executive officer, has contributed $119 million of her own fortune to her campaign for California governor, making her the biggest self-funded candidate in U.S. history.
http://www.bloomberg.com/news/2010-09-15/whitman-s-119-million-makes-her-biggest-self-funded-u-s-candidate-ever.html
Whitman feels heat as Goldman's image tarnishes
http://articles.sfgate.com/2010-04-22/bay-area/20860041_1_goldman-sachs-meg-whitman-democratic-candidate-jerry-brown
'Goldman Conspiracy' helps China defeat U.S.
Commentary: By 2040, China's the new global supereconomy
China must be quietly cheering as America's "bloodsucking vampire squid" sucks the life out of our capitalism and democracy, as the Goldman Conspiracy's insatiable greed aggressively sabotages America from within.
Get it? China is very effectively using the out-of-control Goldman Conspiracy greed machine as a vital weapon in China's two-pronged global strategy against America, over in China and back here in America. And tragically, Goldman's insatiable greed is so blinding that Goldman has lost the ability to see the long-term consequences of its sad un-American behavior.
Today, the Goldman Conspiracy is America's unfortunate Black Swan, a Trojan Horse helping our enemy abroad, undermining our economy back home.
http://tinyurl.com/2fg58oo
Paulson's fear...?...the net worth of his buddies...and his reputation!
The Story of Lehman’s Collapse – Hank Paulson with more Revisionist History
http://tinyurl.com/25k3hfx
Hank meet Warren...oh that's right...you met on the "transfer payments" line..
Tap Dancing on A Land Mine
I guess I’d be bullish on America, too, if companies I invested in (Wells Fargo, American Express, GE and Goldman Sachs, to name a few) all got taxpayer bailouts to help them survive the economic meltdown in 2008. Mr. Buffett might not look so smart or be so optimistic if those bailouts had not happened.
http://usawatchdog.com/economic-recovery/
This is silly. This is not a case of Goldman placing "their bets on candidates for government as easily as they can make a killing...". You do realize that this money is coming from individual Goldman employees and not from the firm itself don't you?
@this is silly...your naive...all roads lead to Rome!
For "this is silly." If you worked for Goldman Sachs and you knew management was supporting the Republicans with this go-round of elections, who would you pay your money to? GS is one big, happy family that stays together and pays together, right?
I assume this is because the Goldman rats know the sheep are tired of the current regime already and will likely go Republican this election season. I'm shocked that they haven't also been backing Tea Party candidates... or maybe they have and we just haven't gotten the memo yet.
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