1. Hi there guest! Welcome to PoliticalJack.com. Register for free to join our community?
    Dismiss Notice

Trump and Goldman's Revolving Door

Discussion in 'Latest Political News and Current Events' started by georgephillip, Dec 12, 2016.

  1. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    "Donald Trump’s Administration picks thus far have proven his populist campaign founded on “making America great again” for working and middle class Americans was a Trojan horse to further spread oligarchy and continue the pervasive trend of pawning off political power and influence to dubious corporate and wealthy entities, including Goldman Sachs."
    http://www.counterpunch.org/2016/12/12/trump-and-goldmans-revolving-door/
    [​IMG]
    "Gary Cohn is now Trump’s third Goldman Sachs executive to be offered an administrative position, to head the National Economic Council. Cohn is a former prolific donor to the Democrats before transitioning donations to the GOP a few years ago. When Bill Clinton was elected in 1992, he also selected a former Goldman Sachs banker for the exact same position, Robert Rubin, who would later serve as Clinton’s Treasury Secretary."

    http://www.nytimes.com/2016/12/01/business/dealbook/the-guys-from-government-sachs.html?_r=0

    Hillary and Donald were two of the most unpopular POTUS candidates in recent history, so it is probably no surprise the US is getting a presidential cabinet filled will millionaires and billionaires rife with conflicts of interest.
    [​IMG]
    :p
     
    • Agree Agree x 1
    Last edited: Dec 12, 2016
  2. LanceFreeman

    LanceFreeman Mayor

    Joined:
    Feb 20, 2012
    Messages:
    5,087
    Likes Received:
    1,101
    I have to admit: those Goldman-Sachs appointments are making me very uncomfortable. This is what journalist, Mike Taibbi, said of Goldman-Sachs:

    "The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates."
     
    • Winner Winner x 1
  3. Queen Titania

    Queen Titania Senator

    Joined:
    Sep 18, 2011
    Messages:
    32,868
    Likes Received:
    3,680
    He has to have them ----- Rome was neither built nor did it fall in a day - he has only the tools available to work with - would you rather he antagonize them?

    I like the fact that all is out in the open rather than in the backroom - we shall see how it pans out but this, to me, is interesting.
     
    • Agree Agree x 1
  4. Queen Titania

    Queen Titania Senator

    Joined:
    Sep 18, 2011
    Messages:
    32,868
    Likes Received:
    3,680
    Yes and where are they usually Lance? In the backroom where we have to spy to find out the truth -------- and here they are out of the backroom and in view ---- good or bad, better overt than covert, I say - it is at least honest - and the world Trump knows -
     
  5. Corruptbuddha

    Corruptbuddha Governor

    Joined:
    Oct 3, 2011
    Messages:
    14,920
    Likes Received:
    2,826
    How many of these people work for Obama? Because it looks like a lot.
     
    • Agree Agree x 1
  6. Queen Titania

    Queen Titania Senator

    Joined:
    Sep 18, 2011
    Messages:
    32,868
    Likes Received:
    3,680
    And all from one Bank -
     
    • Winner Winner x 1
  7. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    http://www.counterpunch.org/2016/12/12/trump-and-goldmans-revolving-door/

    Trump appears to be draining the swamp by appointing rich alligators and assholes to cabinet and regulatory positions. One can only wonder why anyone would be gullible enough to believe anything an oligarch like Trump would say about economic inequality?

    "Gary Cohn is now Trump’s third Goldman Sachs executive to be offered an administrative position, to head the National Economic Council. Cohn is a former prolific donor to the Democrats before transitioning donations to the GOP a few years ago.

    "When Bill Clinton was elected in 1992, he also selected a former Goldman Sachs banker for the exact same position, Robert Rubin, who would later serve as Clinton’s Treasury Secretary.

    "Former Goldman Sachs Investment Banker Stephen Bannon was appointed as Trump’s Chief Strategist, and Goldman Sachs Partner Steven Mnuchin was nominated for treasury Secretary.

    "Trump Economic Adviser Anthony Scaramucci worked for Goldman Sachs as a VP of Wealth Management.

    "Overall, Trump’s Administration picks have embodied the insider elitist status quo his outsider campaign marketed themselves against.

    "The tradition of providing Goldman Sachs alums with political power and influence in every newly elected White House Administration is being continued by Trump contrary to his rhetoric against Wall Street and Hillary Clinton’s strong ties to it."
     
    • Agree Agree x 1
  8. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    If you believe humans are contributing to global warming (Trump says he does not, but he lies about everything), you might question Trump's pick for Secretary of State?

    http://www.zerohedge.com/news/2016-12-10/trump-picks-exxon-ceo-rex-tillerson-secretary-state

    "JUST IN: Trump to name Exxon Mobil CEO Rex Tillerson as secretary of state, sources say http://nbcnews.to/2hj0UWL

    "10:28 AM - 10 Dec 2016
    • "As NBC adds, Tillerson met Saturday with Trump at Trump Tower in New York, the president-elect's spokesperson confirmed. The selection of Tillerson comes after Trump and his transition team spent weeks searching for someone to fill the post of the top U.S. diplomat. Former Republican presidential candidate Mitt Romney and former New York City Mayor Rudy Giuliani were reportedly in the running. Giuliani said Friday he had taken his name out of consideration.

    "The 64-year-old Texas oilman, whose friends describe as a staunch conservative, emerged as a Secretary of State contender only last week following a meeting with Trump, when it was speculated that he would consider the offer 'due to his sense of patriotic duty and because he is set to retire from the company next year.'

    "Tillerson's appointment would introduce the potential for sticky conflicts of interest because of his financial stake in Exxon: he owns Exxon shares worth $151 million, according to recent securities filings."

    Personally, I continue to believe 90% of Americans will be better off with Trump in the White House instead of Hillary.

    That doesn't mean Trump is not a corrupt oligarch who will lie about anything if doing so will advance his short-term (capital) gains.:)
     
  9. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    Apparently, Goldman Sachs has a history of "serving" the White House that goes back to FDR.
    http://www.nytimes.com/2016/12/01/business/dealbook/the-guys-from-government-sachs.html?_r=1


    "One of Barack Obama’s top donors was Goldman Sachs, and the Wall Street firm and other big banks unduly influenced in his administration.

    "Former Goldman Sachs employee Elena Kagan was appointed Solicitor General when Obama took office, and she was also speculated as a possible Supreme Court nominee.

    "From the bailout of the big banks during Obama’s Administration, Goldman Sachs received $20 billion in taxpayer cash, which it used to provide their top execs with $5 billion in bonuses during the first few months of 2010.

    "Obama’s Treasury Secretary appointed former Goldman Sachs Chief Economist as President of the Federal Reserve Bank of New York.

    "Obama’s former Chief of Staff and current Chicago Mayor Rahm Emanuel received $3,000 a month to introduce people to Goldman Sachs while serving as Bill Clinton’s Chief Fundraiser."
    http://www.counterpunch.org/2016/12/12/trump-and-goldmans-revolving-door/
     
  10. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    http://www.counterpunch.org/2016/12/12/trump-and-goldmans-revolving-door/
    [​IMG]
    "Goldman Sachs is one of the most heavily invested financial firms in the federal government, whether it manifests in the form of campaign donations, hiring former government officials as lobbyists, or having former employees receive appointments to powerful cabinet positions.

    "This revolving door is a severe impediment to enacting meaningful financial regulations and reining in Wall Street’s greed and excess because those placed in charge of leading these reforms are deeply imbedded in Goldman Sachs’ World."
     
    • Like Like x 1
  11. LanceFreeman

    LanceFreeman Mayor

    Joined:
    Feb 20, 2012
    Messages:
    5,087
    Likes Received:
    1,101
    Good thread, good posts---
     
    • Thanks! Thanks! x 1
  12. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    Robert E. Rubin, co-chairman of Goldman and Treasury secretary

    http://www.nytimes.com/2016/12/01/business/dealbook/the-guys-from-government-sachs.html?_r=1

    "Mr. Rubin amassed a fortune on Wall Street before heading the National Economic Council under President Bill Clinton.

    "In 1994, Mr. Clinton selected him to become Treasury secretary.

    "Mr. Rubin drew criticism just after his arrival in Washington when it was disclosed that he had sent farewell letters to hundreds of Goldman clients saying he was 'looking forward to working with you in my new capacity.'

    "He said that he was merely being polite."
     
  13. Queen Titania

    Queen Titania Senator

    Joined:
    Sep 18, 2011
    Messages:
    32,868
    Likes Received:
    3,680

    You know that I don't believe in man made global warming - or colding for that matter.
     
    • Optimistic Optimistic x 1
  14. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    Trump's pick for Secretary of State has worked his entire life for Exxon. It is being alleged Exxon became convinced that burning fossil fuel was changing the climate forty years ago and funded research that proved it.
    https://www.democracynow.org/2015/9/24/inside_exxons_great_climate_cover_up

    "A new report by Inside Climate News reveals how oil giant ExxonMobil’s own research confirmed the role of fossil fuels in global warming decades ago. By 1977, Exxon’s own senior experts had begun to warn the burning of fossil fuels could pose a threat to humanity. At first, Exxon launched an ambitious research program, outfitting a supertanker with instruments to study carbon dioxide in the air and ocean. But toward the end of the 1980s, Exxon changed course and shifted to the forefront of climate change denial. Since the 1990s, it has spent millions of dollars funding efforts to reject the science its own experts knew of decades ago.":eek:
     
    • Funny Funny x 1
  15. Corruptbuddha

    Corruptbuddha Governor

    Joined:
    Oct 3, 2011
    Messages:
    14,920
    Likes Received:
    2,826

    And people here wonder why I don't trust the government.
     
  16. Corruptbuddha

    Corruptbuddha Governor

    Joined:
    Oct 3, 2011
    Messages:
    14,920
    Likes Received:
    2,826

    I have a feeling that a 'report' written by "Inside Climate News" is much like an agreement between Trump and the Teamsters. Not worth the paper it's written on.
     
  17. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    Too many rich crony capitalists?

    http://www.nytimes.com/2016/12/01/business/dealbook/the-guys-from-government-sachs.html?_r=1

    "During World War II, President Franklin D. Roosevelt selected Sidney J. Weinberg, the chief executive of Goldman Sachs, to serve as the assistant director of the War Production Board.

    "Mr. Weinberg was one of the few men on Wall Street to support Roosevelt in the 1932 election, and he went on to advise Presidents Harry S. Truman, Dwight D. Eisenhower and Lyndon B. Johnson.

    "Known as “Mr. Wall Street,” Mr. Weinberg began a tradition of Goldman executives taking leading roles in public service that is continuing under President-elect Donald J. Trump. Already, Steven Mnuchin has been tapped as Treasury secretary, Stephen K. Bannon was named senior adviser and Gary D. Cohn, Goldman’s president, is expected to direct the National Economic Council."
     
  18. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    Maybe it's a good thing we're not dealing with any paper here?;)

    https://insideclimatenews.org/news/...confirmed-fossil-fuels-role-in-global-warming

    "A Pulitzer Prize-winning, non-profit, non-partisan news organization dedicated to covering climate change, energy and the environment.
    • [​IMG]
    "Exxon's Own Research Confirmed Fossil Fuels' Role in Global Warming Decades Ago"
     
  19. Corruptbuddha

    Corruptbuddha Governor

    Joined:
    Oct 3, 2011
    Messages:
    14,920
    Likes Received:
    2,826

    So you're telling me they have an agenda?
     
  20. georgephillip

    georgephillip Governor

    Joined:
    Jul 18, 2013
    Messages:
    15,019
    Likes Received:
    1,224
    Do you mean Exxon?

    https://insideclimatenews.org/news/...confirmed-fossil-fuels-role-in-global-warming

    "At a meeting in Exxon Corporation's headquarters, a senior company scientist named James F. Black addressed an audience of powerful oilmen. Speaking without a text as he flipped through detailed slides, Black delivered a sobering message: carbon dioxide from the world's use of fossil fuels would warm the planet and could eventually endanger humanity.

    "In the first place, there is general scientific agreement that the most likely manner in which mankind is influencing the global climate is through carbon dioxide release from the burning of fossil fuels," Black told Exxon's Management Committee, according to a written version he recorded later.

    "It was July 1977 when Exxon's leaders received this blunt assessment, well before most of the world had heard of the looming climate crisis."
     

Share This Page