The “Goldman Sachs” Administration: 1993 – ?

On holidays in Melbourne, having an awesome time showing @fddlgrl all of my favourite haunts. Just have one quick thought to share with you.

We need to stop referring to the “Clinton” administration, the “Bush” administration and the “Obama” administration. We need to start referring to the last 16 years collectively as the “Goldman Sachs” administration.

I was prompted to think of this while reading this post on Crooks and Liars about the TARP bailout. The suggestion is that the bailout isn’t Obama’s fault, because Bush was still in power when it happened. They seem to be forgetting that the US Senate said NO to the original bailout vote, and it wasn’t until Obama took time out of his election campaign to “work Capitol Hill” that the bailout finally passed. I remember him getting the credit for it at the time. So he doesn’t get a pass on that shit.

The point, though, is that the US Treasury, under Clinton, Bush and Obama, has continued to be run by ex-Goldman Sachs executives. So let’s not fool ourselves about who is in power. Goldman were the single largest private investor in Obama’s election campaign. And now they are they have managed to wipe out their competition. As they say here, “Like on the TV program SURVIVOR – the last survivor standing is Goldman Sachs – who receives the grand prize. But in this case it is not just the fame and one million dollar prize. It is infamy with trillions of dollars in rewards.”

The banksters seem to be running things, at least in the USA. A friend of mine who works in finance told me recently how the big four banks in Australia have emerged from the GFC even more arrogant than ever. They managed to buy out most of their competition and now they have an even stronger lock on the marketplace, deciding who gets finance and at what usurious rates. Which is just another reason for all of your to join me on the “Million Bank March” campaign. It’s the only way I can see that we can start to reign them in.

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4 thoughts on “The “Goldman Sachs” Administration: 1993 – ?

  1. marcelo Castro says:

    Hey Cam – I just got back from Melbourne! We must’ve just missed each other at Bobs too

  2. marcelo Castro says:

    I went this past Sunday 29th – Bob said that you’d been there with Chrissy. btw, I got a job! So drinks soon – Apart from playing a gig on the Friday, all I mostly did was eat good cheap food and gained a new love of beer. Had a blast! Bob looks even younger too!

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