HolyCoast: The Political Connection Between the SEC Goldman Sachs Charges and the White House
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Tuesday, April 20, 2010

The Political Connection Between the SEC Goldman Sachs Charges and the White House

I don't think there's much doubt now that the White House knew about, and probably orchestrated, the release of the charges against Goldman Sachs in time to help promote their financial reform bill:
President Obama is bringing his war on Wall Street to the enemy's turf.

He'll make his pitch for financial reform in the heart of lower Manhattan Thursday - even as his team make hay of the Goldman Sachs fiasco with a tech savvy appeal to Democratic donors.

Internet surfers who entered "Goldman Sachs SEC" into Google were directed to the president's campaign Web site via a sponsored link titled "Help Change Wall Street."

The White House's political arm paid for the keywords -- but would not say how much.

The tactic provided the latest evidence of how Obama and the Democratic National Committee are using the Securities and Exchange Commission's bombshell fraud suit against the financial giant to push financial-reform legislation through Congress.

But showing it, too, was gearing up for a political fight, Goldman Sachs hired Obama's former White House counsel, Gregory Craig, Politico reported last night.

Meanwhile, Democratic former Gov. Eliot Spitzer, speculated yesterday that there was "no coincidence" to the timing of the SEC suit.

And Rep. Darrell Issa (R-Calif.) wrote in a letter sent to the SEC, "It must be nice for Democrats that the SEC's filing against Goldman Sachs so conveniently fits into their political agenda."
The political arm of this government works hand-in-hand with the enforcement arm to promote political goals. And to think the left was worried about things Bush was doing.

1 comment:

Sam L. said...

"And to think the left was worried about things Bush was doing."

But their guys, that's OK.