Government by Goldman Sachs

[Octafish]

39. Obama’s bankster bromance

americablog, 2/5/2013
by Chris in Paris

The White House is holding a meeting today with a number of business leaders to discuss the President’s economic agenda, including immigration. This is encouraging, as it will be important to get leaders on board with reforming immigration rules.

What’s less encouraging is that the President continues to treat Goldman Sach’s CEO Lloyd Blankfein like he’s royalty.

Even if you put aside the bailout “taker” receiving billions of tax dollars indirectly via AIG during the industry bailout, the relationship is strange. Goldman may not have been the worst offender (or at least, the most costly) of the Wall Street banks responsible for trashing the US economy, but they were certainly in the thick of the problem. Relying on the expertise of any CEO from Wall Street is bizarre.

Even though Obama did plenty of campaign fundraisers on Wall Street, including with Blainkfein, the President should have more consideration for the Americans who carried the heavy load and paid for the sins of Wall Street. This is what happens when Democrats allow the unions to be cut to pieces. The only counter-balance to GOP money is banker money, and lots of it.

SNIP...

Even more recently Blankfein decided to hand out bonuses in the US early – unusually early – so that Goldman workers, himself included, could avoid any tax increases in the US. Yes, the tax dollars that saved their collective asses was so long ago and that memory has escaped them.

CONTINUED with links...

http://americablog.com/2013/02/whats-up-with-obamas-bromance-with-lloyd-blankfein.html

PS: You are most welcome, woo me with science!

PPS: My autoworker friends are sore steamed.