A government of Wallstreet, for Wallstreet and by Wallstreet. Expect Obama to enact far more extreme policies in his “lame duck” Presidency. Here is a link to an article from 2010, highlighting the infiltration of Goldman Sachs into the Obama administration. Essential reading.
“At a time when Congressional hearings are set to call testimony from some Goldman Sachs employees, it is vital to understand how widespread that institution’s ties are to the Obama administration. This diary shows the pervasive influence of Goldman Sachs and Goldman created institutions (like the Hamilton Project embedded in the Brookings Institution), employees and influence peddlers in the Obama administration,” FDL wrote on April 27.
It is not simply Larry Summers, Timothy Geithner, Rahm Emanuel, Gary Gensler and Mark Patterson who are Goldies, but a long list of others. “But that’s just the tip of the Goldman Sachs iceberg. Here you will find, I believe, the most comprehensive list of people-groups yet available to show how Obama’s administration has really become the Goldman Sachs administration.”
Elena Kagan is merely the latest addition, although her ties to Goldman are downplayed if not completely ignored by the corporate media.
FDL notes that the “Obama administration is not the first administration that Goldman has infiltrated, although it is perhaps the one that has been most completely co-opted from top to bottom. Recall that former Secretary of the Treasury Paulson in the George W. Bush era came from — Goldman Sachs where he was its chief. Recall too that the brilliant, late economist John K. Galbraith has written an entire chapter of a book devoted to the Great Depression and the economic collapse of Wall St. that accompanied it to the role of Goldman Sachs.”
Goldman is now strategically placed in the White House as the Greatest Depression inexplicably unfolds all around us. McFadden was on the right track — the banksters are positioned to emerge as rulers of us all… and most of us, thanks to the corporate media, are completely unaware.
Although to my knowledge he has never directly worked for Goldman, he has taken boatloads of their money (an investment repaid many times) and he calls Robert Rubin, the former head of Goldman Sachs “my friend Bob”. (See the video clip of then Senator Barack Obama’s address to the Goldman-Rubin funded Hamilton Project in a link below where he uses these words and calls for cuts in entitlements and more NAFTA-type agreements).
Jesse Unruh, the late California politician and political thinker, once called “money the mother’s milk of politics.” Certainly, Obama sucked at the teats of Goldman Sachs more than any other politician in recent times. It began for him as little-known Senator from Illinois with a razor- thin resume whose ambitions outshine his accomplishments. Obama’s eloquent, heavily prepped address to the Democratic National Convention caught not only the eyes of the Democratic top brass, but that of the big bankers. As early as the Spring of 2006, Senator Barack Obama was intimately involved with Bob Rubin and Goldman Sachs through his involvement with the Hamilton Project.
Is it any wonder that between his service as “Senator Credit Card”, his efforts to limit busing for desegregation, and his five draft deferments at the height of the Vietnam War that Joe Biden is attached to one of Goldman’s tentacles? Goldman has been a major campaign contributor to Biden and according to OpenSecrets, Biden in 2007 alone took almost $25,000 from the Robert Rubin related Citigroup (Rubin was its head as well as being a former head of Goldman).
Brainard is the United States Under Secretary of the Treasury for International Affairs in the administration of President Barack Obama. She is an associate and protege of Mr. Goldman Sachs, Robert Rubin. She has written numerous articles and bookson the joys of outsourcing work overseas.
Brainard also worked at Brookings which has embedded within in Goldman Sachs and Robert Rubin’s Hamilton Project. Goldman was clever in doing this because they hid a conservative thinking, pro business group like a Trojan Horse in what is generally perceived as a liberal think tank.
Although Barack Obama was the overwhelming favorite of Goldman Sachs to be president in 2008, for he could serve as their Trojan Horse, they were smart enough to hedge their bets, so to speak and back Hillary too. According to the Washington Examiner, Goldman Sachs in 2008 alone gave:
($415,595.63 inflation adjusted), which was itself almost three times as much as Bush received as well.
And of course, it was Hillary’s hubby Bill Clinton who chose ex-Goldman chief Robert Rubin to serve in his White House. Bill, Hillary and Bob Rubin are Washington, D.C. kissing cousins.
Another example of the revolving door between Goldman Sachs and Obama’s administration. Craig served as Obama’s White House Counsel and after resigning, has taken on a position as Goldman Sach’s chief lawyer in defending against its SEC suit. A former Goldie, Robert Hormats, sits at the top of SEC’s enforcement group too. What a hoot!
Note that Craig is a lawyer and lawyer’s rules of professional responsibility prohibit not only direct conflicts of interest but anything that hints at a conflict of interest.
Here is doubtlessly why Goldman wanted Craig as its top lawyer in the SEC complaint:
Greg Craig, Obama’s first White House counsel, has joined Goldman, we learned this week. He may not have too much pull in the West Wing, which drove him out for hewing too close to Obama’s campaign promises, but as a former insider he will provide valuable intelligence to the world’s largest investment bank.