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In addition, the company’s political action committee, employees and relatives of employees dumped close to a million dollars into Obama‘s 2008 Presidential campaign and CEO Lloyd Blankfein was a regular guest at high-dollar donor gatherings with Obama and became part of economic advisor Larry Summer’s inner circle.
Now Goldman, facing SEC charges in a massive civil fraud case, is using Obama’s former White House Counsel, Gregory Craig, as a key part of its legal team.
Goldman has more ties to Obama’s team. White House Chief of Staff Rahm Emanuel worked with Goldman on a $8.2 billion deal in Chicago during the 1990s.
“Almost everything the White House has doen has been haunted by the personnel and the money of Goldman,” Lawrence Jacobs, a Univesity of Minnesota political scientist, tells McClatchy Newspapers writer Greg Gordon.
Jacobs adds that Obama is also tainted by “the suspicion early on that the White House, particularly early on, was pulling its punches out of deference and its war chest.”
Obama, in his campaign, claimed his White House would not be a haven for lobbyists or the high dollar influcent peddlers that have controlled Washington for decades but the $994,765 in contributions from Goldman’s PAC and its employees is the largest from any single business entity.
Obama dismisses the Goldman contributions as “meaningless,” saying his campaign got “lots of money from lots of people.”
Which could mean he is owned by more special interests than just Goldman Sachs.