FOUNDATION WATCH: The United States of Goldman Sachs

By -NO AUTHOR-

goldman_sachs

Reprinted from the Capital Research Center with permission.

By Fred Lucas

Summary: The elite investment bank Goldman Sachs has supplied Treasury secretaries to both Republican and Democratic administrations. A Goldman veteran serves as President Trump’s current Treasury Secretary and as his chief White House strategist. The firm leans left and cozies up to Big Government, remaining profitable while less well- connected firms perish.

Some things just don’t change in Washington. Republican and Democratic administrations are swept in and out of office. Whether after an election where the winner vows to “fundamentally transform America” in 2008, or eight years later when the winning candidate vows to “make America great again,” one thing is constant: the tentacles of Goldman Sachs continue to be embedded all over the federal government regardless of who is president. (Goldman Sachs was previously examined in the October 2008 and July 2009 issues of Foundation Watch.)

“The tentacles of Goldman Sachs continue to be embedded all over the federal government regardless of who is president.

Donald Trump hurled a few rhetorical grenades at the banking giant, as did Democratic presidential aspirant Bernie Sanders, the Independent senator from Vermont. Presidential candidates Hillary Clinton and Ted Cruz each had to explain their ties. Clinton pocketed $675,000 in speaking fees from Goldman Sachs, while Heidi Cruz, wife of the junior senator from Texas, previously worked for the firm.

Trump committed to assemble the best and the brightest from the business world – which we’ve seen in many of his cabinet picks. He’s seeking institutional knowledge from people who know about business and the government to get the economy moving again.

Still, it’s difficult to forget the Trump campaign commercial that showed the Goldman Sachs CEO’s face as the narrator talked about “a global power structure that is responsible for the economic decisions that have robbed our working Click to see the original article      


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