Tuesday, April 20, 2010

RentObama

And then there's record-breaking campaign cash: Goldman executives and employees gave about $950,000 to Obama for America -- the most a politician has raised from a single company since campaign finance reform. It's also more than the combined Goldman haul of every Republican running for president, Senate, and the House.

A powerful alumni network plus bundles of campaign cash mean Goldman will get what it wants -- and contrary to the media narrative, what Goldman wants is not laissez-faire.

Politico quoted a Goldman lobbyist Monday saying, "We're not against regulation. We're for regulation. We partner with regulators." At least three times in Goldman's conference call Tuesday, spokesmen trumpeted the firm's support for more federal control.