The Goldman Sachs Wing of the Democratic Party
by tdaxp ~ November 2nd, 2009
Now that Obama is considering yet another stimulus-bailout, the only question is whether it will be structured to transfer the Treasury’s wealth to Goldman Sachs, unions or both.
The New York Times uses top 1% of income, not wealth. From the legend:...
November 3rd, 2009 at 7:30 pm
The President should pay attention to the bearded man standing behind him in that photo. The Goldman Sachs governor was just given his walking papers by the people of New Jersey [1].
[1] http://www.denverpost.com/ci_13703660
November 3rd, 2009 at 7:33 pm
Hip-hip hurrah! Hip-hip hurrah! Hip-hip hurrah! [1]
Now if only Barack Obama would dismiss Tim Geithner, and direct AG Holder to begin criminal investigations into how Wall Street raided our Treasury…
[1] http://www.tdaxp.com/archive/2009/11/03/jon-corzine-d-goldman-sachs-loses-relection.html
November 4th, 2009 at 5:26 am
Who’s to say there isn’t room under that mammoth Status O bus for Geithner after unemployment and other indicators still aren’t up to snuff for his re-election effort? Of any cabinet member, Geithner has the best chance of getting the early hook.
November 4th, 2009 at 6:25 am
Eddie,
I really hope so. I hope that Obama has the situational awareness of, say, Bush after he dismissed Rumsfeld.
I doubt it. I fear Clinton or Gates will depart first. Obama is disinterested in world politics, but deeply concerned about ensuring equality of outcomes for his supporters.
The political news is disheartening… another backdoor Wall Street/Union bailout [1]
I fear in order to “lower the risk of deflation” [2] (that is, purposefully attempt to deflate some fraction of our debt away), Obama’s quite willing to divert attention from State and Defense.
I hope I am wrong.
[1] http://www.calculatedriskblog.com/2009/11/congress-votes-for-housing-tax-credit.html
[2] http://thomaspmbarnett.com/weblog/2009/11/wolf_brilliant_on_the_dollar.html
November 5th, 2009 at 6:38 am
Situational awareness of Bush!? It’s well documented that Bush twice refused Rumsfeld’s early attempts to resign after the Abu Ghraib photos became public. He only accepted Rumsfeld’s resignation after the 2006 midterm election results were in -when public outrage was expressed in a dramatic and tangible way.
I agree with Eddie, of anyone in the Cabinet, Geithner will be the first to go. And although the Wall St. relationships are very troubling, I see no evidence that would lead me to believe that Obama is “disinterested in world politics.”
November 5th, 2009 at 9:09 am
Tim,
Thanks for the comment.
I agree that Bush his party’s recognized electoral as a result of Rumsfeld’s failures, and that he did not see this before the electoral defeat.
I hope Obama has the same situational awareness, and is able to recognize the party’s route in the same way.
I don’t know why you put Obama’s disintersest in world politics in scare quotes. A President cannot care equally about everything. In Obama’s case, he does not care about the outcome of politics on a world stage. [1]
[1] http://www.tdaxp.com/archive/2009/09/21/open-thread-xix.html/comment-page-1#comment-324402