Is there a man behind the curtain?
The GOP decided to question the political theater surrounding the Goldman suit:
the events of the past five days have fueled legitimate suspicion on the part of the American people that the Commission has attempted to assist the White House, the Democratic Party, and Congressional Democrats by timing the suit to coincide with the Senate’s consideration of financial regulatory legislation, or by providing Democrats with advance notice. In fact, the aggressive campaign by Democrats in support of the legislation neatly coincided with the Commission’s announcement of the suit. For example:
– The Commission approved the Goldman suit in a vote that spit along party lines – a rare occurrence for approvals of enforcement litigation.
– Before the Commission had released its announcement, the New York Times published on its website a story describing the suit.
– Less than half an hour after the Times story’s publication, Organizing for America, the successor organization to Obama for America and now a project of the Democratic National Committee (“DNC”), sent millions of supporters an e-mail message from President Obama urging support for “Wall Street Reform.”
– Within hours, the Democratic National Committee had purchased AdWords advertising from Google, Inc. The DNC’s Google campaign fundraising advertisement, headed “Fight Wall Street Greed,” appeared whenever a user ran a Google search for the phrase “Goldman Sachs SEC.” It read, “Help Pres. Obama Reform Wall Street and Create Jobs. Families First!” and included a link to www.BarackObama.com, the website of Organizing for America.
Occasionally, even a blind squirrel finds a nut.
April 22nd, 2010 at 6:26 am
I think the Administration’s instincts are calibrated for an environment where the media is 100% friendly. That’s how they came up in politics–always (or almost always) on the correct side of the media narrative, so every action gets spun as a positive. The brave community organizer, fighting for the community, that kind of thing. But this kind of stunt just comes off as heavy-handed if the media is at all adversarial.
And then they make it worse by complaining about the adversarial media…
April 22nd, 2010 at 9:46 am
I’d give part of my left pinkie to see and adversarial media with this administration. Wouldn’t that be a sight to see? Delicious is the only word that comes to mind!
April 23rd, 2010 at 2:09 am
NY is so stupid that they will continue to support policies that have killed every industry in the state. We got rid of al those icky factories that produced cars and chemicals and things people wanted to buy, because the finance industry was going to supply all the money the state needed.
Now we’re hell bent on killing the finance industry. Money can go anywhere. This is not going to end well. Meanwhile Schumer and his poodle are MIA – worrying about the big issues, like whether one airline charges a fee for carry-on bags.
April 23rd, 2010 at 3:27 am
Goldman should go down, period. That will not “kill” the industry. I suspect the “industry” will take this as a wake-up call. That is a small price to pay. Goldman should be seen as a “hero”, falling on a hand grenade to save others.
Rest in Peace.