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

Wash Examiner ^ | April 20, 2010 | J.P. Freire

[fightinJAG]

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.

[a fool in paradise]

The banking crisis was a manufactured event.

[Darkwolf377]

This will be portrayed as another attempt by the bankers to bring down the man who's trying to reign in their taxpayer-milkin' ways.

The media have their new marching orders--Obama the Taxcutter. Every financial story involving him in any way will be screened through that idea.

[Texas resident]

It was a manufactured event to drop the bottom out of the economy with a willing press blaming the President at the time, GW Bush. This whole thing was done to win elections by forcing banks to give away houses in exchange for votes while leaving the mess for others to clean up. If dodd and frank were repubs, the trials would be over by now and they would be serving a long prison sentenct.

[soycd]

I understand the media not reporting on this since they are too busy fellating
the democrats, but the Republicans have no excuse to remain quiet. They could come
up with their own “drain the swamp” message, but refuse to hammer these rats home!

This stupidity hurts!

[ClearCase_guy]

Fascist Economics is when the government uses taxes and regulations to punish enemies and reward friends, and when public and private businesses understand that they need to actively support (through money, statements, or other actions) the government -- no matter what -- or risk ending up in the "enemy" category.

Simple socialism involves the seizing of the means of production to be run by government thugs. GM is an an example of simple socialism in action. But most of what Obama is doing, however, is pure fascism -- government-business partnerships founded on fear of government retribution and lust for government handouts.

[a fool in paradise]

Yep and it was a looting of the economy restributing the nation’s wealth to those connected interests.

The money that was redistributed wasn’t actually designed to “restart the economy”.

That money will fund the 2010 and 2012 Democrat campaign cycles. Got to give to get to give to get...

[Obadiah]

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." Sorry, but I cannot fathom:

A Time Magazine headline:

Obama's Goldman Sacs Problem

or AP writing:

Obama-backing Goldman Sacs Makes Big Money off of Campaign Bet

[FrankR]

Nothing is going to happen to obama...he could exile the Pope and people would say, "But don't he speak well...".

The clintons had the FBI files on everyone they wanted to keep at bay, but I don't know what obama has on them.

Where is the new "Kenneth Starr"? People just sit around and watch this muslim rob the bank, but no one calls 911...has he a halo floating over his head or something?

I keep saying, "well this can't go on forever...", but now I'm having second thoughts....it might.

[Red Badger]

Goldman will be Obamugabe’s Halliburton...........

[Don Corleone]

A large part of “O’s” staff came through Goldman.

[Obadiah]

And the main reason for all this is because the corrupt MSM is colluding with Democrats, as they have since Watergate.

[Maelstorm]

It is worse. If the Republicans don’t make this an issue they are fools. If this situation were reversed the media and Democrats would be howling till election day about it.

[Arthur Wildfire! March]

Great find. Cuts through the BS quickly. Filing this in Obama-nomics link-list, along with other latest on Goldman Sachs / DNC ties:
http://www.freerepublic.com/focus/chat/2464021/posts?page=78#78

[massgopguy]

I recall a 60 Minutes segment on the Enron pipeline in India in 1996. They allude to White House connections and then show File Footage of George Bush entering the Portico.

[gardencatz]

wow, thanks, wonder if it’ll get any coverage...as if!

Cindie

[arthurus]

To be a “scandal” the general public has to know about it and has to be inflamed by the press else it is just business as usual and faintly untoward. Most people still get their news from the government press, even those who go on line, and will not hear much about it more than possibly a faint mention in the middle or end of a news story. It will not be castigated as embarrassing or bad. GS is not important because it is on the Left and anything that promotes the Left is good or inconsequential in the government press.

[a fool in paradise]

Ken Lay helped the Democrat power base that runs the city of Houston. Just saying. He got Mayor Lanier the extra votes he needed for $1billion in stadiums.

They named the baseball ballpark after Enron, until the scandal. Ken Lay is still honored in the area.

Enron wasn’t broken by the NY Times because they are “the only paper that can do the detective work”. Houston’s Comical SIDED with Lanier and the Downtown Business Establishment like Lay’s Enron.

LBJ bought off the Chronicle in the 1960s when he permitted a bank merger to go through.

The continued efforts to spin Enron as strictly a Republican deal are revisionist history. If I recall, the Atlantic ran a hit piece about GWBush’s team the Texas Rangers playing at Enron Field. When it was pointed out that the Houston Astros play at Enron Field, the article intro was rewritten online to talk of Bush’ team the Houston Astros. When it was pointed that Bush’s team was the Rangers who play at Arlington Stadium and the Houston Astros (with a separate owner in Houston Texas, hundreds of miles away) play at Enron Field, they wrote some roundabout sentence trying to link them.

[a fool in paradise]

To be a “scandal” the general public has to know about it and has to be inflamed by the press else it is just business as usual and faintly untoward.

YELLOW JOURNALISM lives.

[a fool in paradise]

And the main reason for all this is because the corrupt MSM is colluding with Democrats, as they have since The New Deal...