Posted on 09/14/2010 10:15:40 AM PDT by Sleeping Freeper
If you needed a reminder that Wall Street and Washington make the strangest of bedfellows, new research shows that Goldman Sachs donated more money to Republicans than Democrats for the first time in decades.
The latest data from the Washington D.C.-based Center for Responsive Politics shows that Goldman has doled out roughly $914,000 to Republican candidates compared to about $776,000 to Democrats in this year's election cycle.
"I think that Wall Street and other large donors have become not too much unlike the electorate at large – sort of willing to change," said Jennifer Duffy, senior editor of the Cook Political Report, one of the nation's leading non-partisan political handicappers.
The shift is all the more striking considering that in a 20-year period covering 11 election cycles, Goldman donated nearly $21 million to Democrats, almost double the $12 million it gave Republicans, according to data released by the Center for Responsive Poltics last week.
"They're shorting the Obama administration," said Nell Minow, co-founder and editor of the Corporate Library, a governance research firm. "It is quite clear that the best friends of Wall Street are in the Republican Party, particularly in this midterm election. One thing that Goldman knows is which way to bet."
A Goldman spokeswoman declined comment.
(Excerpt) Read more at abcnews.go.com ...
Depends on WHO they doled out money for.
Yup, and America be damned. No morals, no ethics, no integrity, just the love of money and power. Ugh.
Worlds oldest profession in action.
Goldman Sachs is in a class by itself - like a vulture that kills it’s own prey.
Goldman Sachs is in a class by itself - like a vulture that kills it’s own prey.
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Wow, Hans! Casual brilliance is alive and well.
FBO and
FGS
It's why Socialism fails and Capitalism prevails.
GS found out a dictator won’t STAY BOUGHT ??
Whoda thunk?? ;-)
GS is great at surviving. On 5/3/07 (Forbes CEO Compensation) Lehman Brothers CEO salary was $52 million, on 4/30/08 (Forbes again) it had been raised to $72 million. A year later Lehman was GONE. On the other hand over the same period GS’ CEO went up from $37 M to $74 million. They are still hear. It paid to have friends in the Bush Admin.
The CEOs of other surviving institutions took substantial cuts over the same period. Nevertheless, Countrywide Financial’s drop from a salary of $142 million to a paltry $103 million obviously was much TOO LITTLE, much TOO LATE!! Citygroup’s pattern of yearly changes from $18 million to $.95 M back up to $2.9 M in ‘09 (Forbes 4/22/09) was a WINNER. Incidentally, GS was still well paid in ‘09 at $30 million.
Bunch of con-men who think they're smart
getting conned by another bunch of con-men
who think they're smarter.
Sucks to be you, Wall Street.
If this is true; (which I doubt) what was GS’s first clue? sarc/
Makes sense. No point in bribing the people who aren’t going to be in power.
It must be Racist of them
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