April 20, 2010 4:13 PM
Goldman Sachs gave Obama over a million
The Obama/Bush media comparisons have somehow left a gap in our language. Is there a term that's beyond Double Standards?Propaganda by omission?
Is Goldman Obama's Enron? No, it's worse
By: J.P. Freire
Associate Commentary Editor
04/20/10 1:41 PM EDT
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.
It would be fair to say that the total amount the Obama administration has received from those affiliated with Goldman Sachs is ten times that of what Bush received from Enron.
Goldman is being sued for civil fraud by the Securities and Exchange Commission for deliberately putting unwitting clients on the wrong side of a mortgage security trade that had been designed to fail.
Posted in Liberal Hypocrisy, Media Bias, Obama Nation | Permalink
Comments
Unbelievable.....I can't even imagine what will happen tomorrow in Obama nation.
Posted by: Julie | April 21, 2010 1:47 AM
