How Goldman Sachs Might Help Democrats in November

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So, what do we do? Head for the hills? Or, maybe we all have some responsibility for this mess? Couldn't ordinary Americans refuse to participate in the entitlement game? Or, couldn't ordinary Americans start telling what they know about the frauds perpetrated by "investment bankers" such as Goldman Sachs? Would the regulatory authotities actually listen and truly investigate? I think not. Governments lie, and our government is just as bad as any. Employees of Goldman Sachs gave our President a bundle during his campaign. Some of the hundreds of Structured Investment Vehicles that Goldman Sachs ran through the Cayman Islands could blow up at any time. Too many people now know what Golman Sachs did. Sooner or later, the President will have to walk away from Goldman Sachs and give the money back. But, his presidency may be destroyed by then.

James of MN 12:27PM May 06, 2010

The die was cast for the democrats this November with the 787 billion banana peels to fiscal responsibility, trillion-dollar budget deficits, Whitehouse claims that stimulus spending would keep unemployment below 8% and create a couple million jobs, and how the Benedict Stupak democrats went more republican than republican with the sweatheart health insurance deal for the health insurance industry.
Then it will really hit the fan when the military and civilian casualties mount in making Kandahar safe for Karzai, as part of the 2010 Afghanistan war of Candidate Obama's 2008 necessity.
Obama remarking that Tea Party members should THANK him for his allowing us to keep that extra $10 per week of our OWN money was like the toothpick holding together a club sandwich of utter disgust with the democrats.
And look at Bill Clinton now, admitting the whopping big mistake he made as president concerning regulations and derivatives, in following the bad advice of his treasury secretary Robert Rubin. Rubin should fry in hell for what's happening currently.
The 'blame Bush' spin can't get any thinner for the democrats. The republicans really aren't much better but, the overriding conclusion is never again allow one party to hold both the Presidency and Congressional majority.

dom youngross of OH 6:52PM April 18, 2010

"that were supposed to trickle down to the little guy, but so far haven't" ---- what an interesting thought.
THE WAY TRICKLE-DOWN ECONOMICS ACTUALLY WORKS (when it works at all) is when you have taxes so very, very high on high-end incomes that many nefarious and society-robbing schemes are avoided in advance because the would-be perpetrators conclude that "after taxes, it ain't worth doing". Another way trickle-down actually works is when companies are forced by very high corporate income tax rates to choose between paying tons of tax on income----or----paying more in wages and benefits to more employees so that income (and taxes) are not so high. When executives must choose between paying people or paying taxes, they pay people. Unfortunately, we haven't seen these things operating correctly since the 1970's----when America's middle class was (not surprisingly) at its peak.

Muser of NM 4:29PM April 17, 2010

Let us NEVER mind that it was the Federal Reserve that loaned CHEAP money to the banks. Let us NEVER mind that it was Congress( keep in mind that even the Bush Administration was controlled by Democrats) that pressured these banks to loan money to MINORITIES(mostly Blacks, Hispanics and Illegal Immigrants), most with poor or inadequate employment histories. So while the SEC(most of these Idiots were appointed by Obama or Democrat butt kissers) pretends to make a big deal out of nothing just to improve Obamas chance of passing legislation to CONTROL the Financial Markets, This case will cost US taxpayers MILLIONS. It will likely dead end. The Democrat WITCH hunters in the White House are always looking for a scape goat to pass the blame for their bad decisions(notice this is what Democrats do best, blame the Republicans). Please recall how they dragged all the Bankers and Auto CEO's into Washington for Hearings. Then only complained about their Jets and how much money they paid themselves. I am so sick of Democrats! Rich people got that way from stupid poor people supporting them! Where do Banks get their money??? From stupid poor people thinking their money is safe in a bank. Where does AT&T get their money? Yes again, from stupid people thinking they must have a cell phone. Who supports the movie industry? The Rich? Think again, idiots! I worked hard for my money, I will be damned if I am going to let crooked thieving Democrats in Washington steal it from me. For all you Democrats, I pray you all lose your jobs and your homes. I pray you have to wait 3 days to get to see a doctor for you sickness. The best news. You can and will always BLAME THE REPUBLICANS.

Mark Wakeford of AZ 1:45PM April 17, 2010

We believe this may be the first in a series of actions targeting Goldman. An examination of Goldman's transactions with AIG will probably reveal similar questionable practices. As noted on July 19, 2007,
"From an ethical standpoint, (Goldman) has repeatedly engaged in behavior that would cause a prudent person to question its objectivity and fairness. We note that a smaller firm engaging in similar conduct would have been severely sanctioned by the market. Goldman has escaped meaningful sanction, however. We have found these behaviors often the prelude to the development of a set of fraudulent business practices."
See: http://twisri.blogspot.com/2009/07/us-lost-53-supporting-goldman-sachs.html
http://twisri.blogspot.com/2009/03/wall-street-firms-systematically.html
http://twisri.blogspot.com/2007/07/gs-sustain-focus-list.html

William Cunningham of DC 12:43PM April 17, 2010

I've found that many Americans are a huddled, ignorant and cowardice mass that have more interest in sports and celebrities than they do in the importance of knowing more about the people who they choose to lead them. I know that's unfair to those who are earnest and honest with themselves and others, but it is an unfortunate truth that many Americans find it too convenient to hold onto beliefs that have proven not only to be wrong but dangerous to this country.

Full of hope of MN 10:12AM April 17, 2010

Personally I dont really care, Nothing is going to happen to those Super Rich people which basically STOLE MONEY!(Isnt that a Crime?) But then again Americans voted for all those Senators & Congressmen which are also Millionaires,so get real people, their not going to throw 1 of their fellow business partners in Jail. Until America decides they've had enough, those RICH @$$ holes will keep stealing & getting away with it!

John Smith of OH 11:43PM April 16, 2010

Dont you mean help the the dems and the country by putting the screws to these thoughtless animals.

ron g of CA 9:31PM April 16, 2010

We need criminal indictments for all the irresponsible and illegal actions of the Wall Street crooks. Wall Street made millions and the eight million Americans that have been laid off in Main Street got the shaft.

Jorge of FL 8:40PM April 16, 2010