Wednesday, May 5, 2010

President Obama’s deceptive attempt to link misdeeds of Goldman Sachs to congressional Republicans’ position on financial regulation needs exposure (“Obama’s regulatory disaster,” Comment & Analysis, April 28).

As the nonpartisan Center for Responsive Politics notes, Goldman Sachs “tends to give most of its money to Democrats.” In 2008, Goldman gave 75 percent of its total contributions to Democrats ($4.5 million versus $1.5 million to Republicans), including nearly $1 million to Mr. Obama.

The chief lobbyist for Goldman is former House Democratic Leader Richard Gephardt; the company’s head of public relations is former President Bill Clinton’s “master of disaster,” Mark Fabiani; and Mr. Obama’s White House counsel, Greg Craig, has joined the Goldman Sachs team.

Former Goldman Chief Executives Robert Rubin and Jon Corzine graduated to prominent Democratic officeholder roles in Washington.

Tell me, Mr. Obama, how do you attribute the sins of Goldman Sachs to the Republicans?


Berkeley, Calif.

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