The Goldman Sachs Presidency

As Goldman Sachs CEOs go on to things like being Senator and Treasury Secretary, it’s good that Obama is already giving the guy White House tours

John Podesta, the president of the liberal think tank Center for American Progress and the head of Mr. Obama’s transition, visited 17 times. He met the president twice and Chief of Staff Rahm Emanuel four times.

Business leaders had their share of visits as well, but not as numerous. James Dimon, chief executive of J.P. Morgan Chase & Co., was listed as visiting six times, meeting the president and National Economic Council Director Lawrence Summers twice. Jeff Immelt, chief executive of General Electric Co., had five meetings, but none of those were with the president, according to the records.

Lloyd Blankfein, chief executive of Goldman Sachs, met twice with the president and once with Mr. Summers. Kenneth Lewis, the former head of Bank of America Corp., visited twice, meeting the president and Mr. Summers.

via Presidential Visitor List Is Released – WSJ.com.

Economically, the White House exists to prevent Goldman Sachs from ever losing money. It would be unfair to Goldman Sachs shareholders if they lose money, like investors in hick companies which live and die according to market forces.