Goldman Sachs is too entrenched in the Federal Government. What is President Barack Obama going to do about it?
July 17 (Bloomberg) -- President Barack Obama announced today he was nominating Robert Hormats, a vice chairman of Goldman Sachs International, to a top economic position at the State Department.
Hormats, 66, will serve as undersecretary of state for economic, energy and agricultural affairs. He served as deputy U.S. trade representative from 1979-1981 and in other posts at the State Department throughout his career.
Is there no limit to the shamelessness?
The mainstream media finally got the memo about Goldman Sachs. The media has been excoriating the crooks. However, the media has failed to hold Obama responsible for Goldman's actions. Every story on Goldman's influence in government leads with the line that George W. Bush appointed former Treasury Secretary Henry Paulson. Most fail to note that one of Paulson's predecessors, Robert Rubin, spent 26 years at Goldman Sachs: Rubin was a Bill Clinton appointee.
Goldman Sachs' power extends over the Republican and Democratic fiefdoms alike.
The Goldman Sachs issue creates extreme cognitive dissonance in the media. Goldman is evil. Goldman is robbing taxpayers. Obama supports the "little guy."
How does the media reconcile these conflicting beliefs? Thus far, the media has ignored Barack Obama's connections to Goldman Sachs. Otherwise, one might be forced to ask the uncomfortable questions: Does Obama care more about Wall Street than Main Street?
There is a massive game of make-believe going on. With Obama's latest appointment, the media has to put childish games aside. Obama is allowing Goldman to extend its tentacles into the government. Yes, that Obama.
It's time to make the Goldman Sachs problem Barack Obama's problem - that is, if anyone cares about actually solving the Goldman problem.