The White House, with the mainstream media’s complicity, is making a big production of going after the Wall Street fat cats, especially those at Goldman Sachs. This is right on the media’s populist wheelhouse, so they’re hitting it out of the park, writing Obama spin in news reports and expressing outrage in editorials. But is there another side to this story?:
Rahm Emanuel, White House chief of staff, was paid $35,000 as a consultant to Goldman while also working as Bill Clinton’s top fundraiser. Obama’s fundraiser and economic adviser Warren Buffett is very long on Goldman, having bet on them in 2008 in the expectation of a bailout. Mark Patterson, chief of staff to Treasury Secretary Tim Geithner, was a Goldman Sachs lobbyist until months before joining Team Obama.
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.
Something doesn’t smell right, which is situation normal in Obama’s Washington.
