The last time President Obama was assailing Wall Street greed, I posted: “People in “fat cat”-infested houses shouldn’t throw stones.”
They’re at it again, of course, with the conveniently timed suit against bailed-out Goldman Sachs just as the White House prepares to pass a permanent bailout plan disguised as “financial regulatory reform.” (I’ll have much more in my syndicated column tomorrow, but read here about the delicious spectacle of mob-linked Obama crony Alexi Giannoulias of the shady Broadway Bank family, the Democrat Senate candidate in Illinois, demanding that GOP opponent Mark Kirk (yes, that one) return his Goldman Sachs contributions. Um, there’s a lot more of that lying around.
The DNC/Organizing for America is at the ready to milk the new campaign for all its worth. Message from Obama: Hey, America, I’m fighting all the evil fat cats who funded my presidential bid. Now, send me more money!
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.”
There are no coincidences in Chicago-on-the-Potomac.
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Bailed-out, toxic derivative-swilling Goldman Sachs reports $3.46 billion in earnings.
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