Barack Obama Expands Goldman Sachs' Power

Goldman Sachs is too entrenched in the Federal Government.  What is President Barack Obama going to do about it?

July 17 (Bloomberg) -- President Barack Obama announced today he was nominating Robert Hormats, a vice chairman of Goldman Sachs International, to a top economic position at the State Department.

Hormats, 66, will serve as undersecretary of state for economic, energy and agricultural affairs. He served as deputy U.S. trade representative from 1979-1981 and in other posts at the State Department throughout his career.

Is there no limit to the shamelessness?

The mainstream media finally got the memo about Goldman Sachs. The media has been excoriating the crooks. However, the media has failed to hold Obama responsible for Goldman's actions. Every story on Goldman's influence in government leads with the line that George W. Bush appointed former Treasury Secretary Henry Paulson. Most fail to note that one of Paulson's predecessors, Robert Rubin, spent 26 years at Goldman Sachs: Rubin was a Bill Clinton appointee.

Goldman Sachs' power extends over the Republican and Democratic fiefdoms alike.

The Goldman Sachs issue creates extreme cognitive dissonance in the media.  Goldman is evil.  Goldman is robbing taxpayers.  Obama supports the "little guy." 

How does the media reconcile these conflicting beliefs?  Thus far, the media has ignored Barack Obama's connections to Goldman Sachs.  Otherwise, one might be forced to ask the uncomfortable questions: Does Obama care more about Wall Street than Main Street?

There is a massive game of make-believe going on. With Obama's latest appointment, the media has to put childish games aside. Obama is allowing Goldman to extend its tentacles into the government. Yes, that Obama.

It's time to make the Goldman Sachs problem Barack Obama's problem - that is, if anyone cares about actually solving the Goldman problem.

Comments

[derifter]

"Fiefdoms", huh? Who knew?
To tell you the truth, I was mad at Bush for his little bailout bologna, but my head has been spinning ever since Obama got into office. Every day there's something else to shake my head at and try to convince myself that this is really happening in America. Bush looks like such a bail-out lightweight now. Obama's really showing him how it's done.

[Lori]

lol the "smelly one" be questioned surely you jest. People knew, Dummies Underground knew but they promoted a wall street whore like him anyway.

Barack Obama has a major Wall Street and Washington problem that the media so far is refusing to acknowledge or explore. He is in the pocket of the Wall Street firms and mortgage security companies that are at the center of the collapse of the real estate bubble. He is closely tied to at least two of the Fannie Mae principals. As Ricky Ricardo would say, “Barack, you got some splaining to do.”

http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/

Obama’s Money Cartel: How he’s fronted for the most vicious firms on Wall Street

http://www.zcommunications.org/znet/viewArticle/16601

By Pam Martens

Wall Street, known variously as a barren wasteland for diver sity or the last plantation in America, has defied courts and the Equal Employment Opportunity Commission (EEOC) for decades in its failure to hire blacks as stockbrokers. Now it’s marshal ling its money machine to elect a black man to the highest office in the land. Why isn’t the press curious about this

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x4725893