the money quote:
Lets start with the numbers. Why is a first term Senator pulling down almost $300,000 a year from Goldman Sachs, Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial, and Washington Mutual? He has not even completed his fourth year in the Senate and received a total of $1,093,329.00 from these eight companies and their employees. (all data from OpenSecrets.org). John McCains numbers, according to OpenSecrets.org for the period 1990-2008 (i.e., 18 years worth of data) only collected $549,584.00. In other words, Barack is receiving $273,582.25 (and 2008 is not over) per year while McCain raised a paltry $30,532.44.
Want another shocker? Barack Obama has received more from one sourceGoldman Sachs $542,252.00than McCain has from all of the companies combined. Who the hell is more beholden to lobbyists? And why does a junior Senator from Illinois rate this kind of dough?
“Who the hell is more beholden to lobbyists?”
Well, if you were relying on Paul Krugman to tell you, you would conclude “Republicans.”
“The main moral you should draw from the charges against Goldman, though, doesnt involve the fine print of reform; it involves the urgent need to change Wall Street. Listening to financial-industry lobbyists and the Republican politicians who have been huddling with them”
Apparently, Dems have successfully used an “invisibility cloak” to shield their huddles with GS from Mr. Krugman’s gaze.
“John McCains numbers, according to OpenSecrets.org for the period 1990-2008 (i.e., 18 years worth of data) only collected $549,584.00.”
He got $230,000 of it in 2008 alone. For the money given republicans, he got the most that should tell us something about him. This is probably the reason why:
Goldman Sachs, Charged with Fraud, Is also an H-1B Employer
By David North, April 19, 2010 Center for Immigration studies
This table lists the top donors to this candidate in the 2008 election cycle.
Merrill Lynch $373,595
Citigroup Inc $322,051
Morgan Stanley $273,452
Goldman Sachs $230,095 [snip]
Greenberg Traurig LLP $146,437 (Abramoff)[snip]