Author Topic: All the President's Goldman men  (Read 4683 times)

0 Members and 1 Guest are viewing this topic.

Christians4LessGvt

  • Hero Member
  • *****
  • Posts: 11139
    • View Profile
    • "The Religion Of Peace"
  • Liked:
  • Likes Given: 0
All the President's Goldman men
« on: April 22, 2010, 12:12:43 PM »
While Obama assails the culture of greed and recklessness practiced by the men
of Goldman Sachs, his administration is infested with them!

Obama Presidential Campaign took $994,795 from Goldman Sachs, the
most money from any single employer except the University of California.

Goldman Sachs partner Gary Gensler is Obama's Commodity Futures Trading
Commission head.

Former Goldman executive Robert Hormats works in the Obama administration
as undersecretary of state for economic, energy and agricultural affairs.

Obama White House Chief of Staff Rahm Emanuel in the past was on a
Goldman Sachs $3,000 monthly retainer. Emanuel also received
nearly $80,000 in campaign contributions from Goldman during his four terms in Congress.

Former Goldman lobbyist Mark Patterson serves under Obama Treasury
Secretary Tim Geithner as his top deputy and overseer of TARP bailout --
$10 billion of which went to Goldman Sachs.

Obama's National Economic Council head Larry Summers collected $135,000 for a single
speech to Goldman in April 2008.

While Goldman Sachs' lawyers negotiated with the Securities and Exchange Commission
over potentially explosive civil fraud charges, Goldman's chief executive visited
the White House at least four times.

Goldman's chief executive also met twice with Obama's top economic adviser, Larry Summers.

Recently as Goldman faces increasing scrutiny they hired former Obama White House
counsel Gregory Craig as a member of the Goldman legal team.

With every minute that passes....it gets stinkier and stinkier!

"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Michael Tee

  • Hero Member
  • *****
  • Posts: 12605
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #1 on: April 22, 2010, 12:52:01 PM »
These facts and figures are practically meaningless without a basis of comparison.  You'd need to know what Goldman Sachs alumni served in other Presidential administrations, and what they gave to other politicians in order to gain any idea of what special foothold they have in the Obama administration that they didn't have in other administrations.

This is all part and parcel of the "free enterprise" system.  Goes with the territory.  This is clean side of the coin.  The dirty side is the under-the-table bribery and corruption that never comes to light.  The briefcases stuffed with currency and left in the right places.

Why are you complaining?  All this is the very essence of a capitalistic society.

sirs

  • Hero Member
  • *****
  • Posts: 27078
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #2 on: April 22, 2010, 01:31:54 PM »
Not even remotely.  It's the very essence of how power corrupts & absolute power corrupts absolutely
"The worst form of inequality is to try to make unequal things equal." -- Aristotle

Christians4LessGvt

  • Hero Member
  • *****
  • Posts: 11139
    • View Profile
    • "The Religion Of Peace"
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #3 on: April 22, 2010, 01:44:48 PM »

These facts and figures are practically meaningless without a basis of comparison. 
You'd need to know what Goldman Sachs alumni served in other Presidential administrations


No no no Michael...remember we were getting "Change".
Things were supposed to be different!
LOL
The American People see what they are getting....and they don't like it.

This is all part and parcel of the "free enterprise" system. 

Corruption is present in all systems....it's a part of humanity Michael.
And if you are going to have corruption in capitalism and communism
at least in capitalism the standard of living is higher than communism.

The dirty side is the under-the-table bribery and corruption that never comes to light. 

"Never"?....Ummm...I wouldn't be so sure just yet.
This type of thing could lead to the impeachment of Obama.

Why are you complaining? 

I am not "complaining", I am just stating facts.

All this is the very essence of a capitalistic society.

Corruption is a part of humanity and your attempts to single it out
to capitalism is rather weak.
"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Michael Tee

  • Hero Member
  • *****
  • Posts: 12605
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #4 on: April 22, 2010, 02:04:12 PM »
Corruption is much more a feature of capitalism than communism, since people who are corrupt live better and always attract the attention of the authorities.  Since nobody under communism is supposed to live better than anyone else, those who profit from corruption are much more likely to stand out.  Since Capitalism recognizes wide gaps between rich and poor, those who live by corruption are much less detectable.   Thus while corruption is common to both systems, it is much more prevalent in capitalism.  Also, the penalties are much stricter in communist countries.  When was the last time anyone in the U.S. was executed for corruption?  Happens every year in China. That's because they are much more determined to stamp it out in China.  In America, every legislator lives by it, so they will never make it a capital offence.

Christians4LessGvt

  • Hero Member
  • *****
  • Posts: 11139
    • View Profile
    • "The Religion Of Peace"
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #5 on: April 22, 2010, 03:14:05 PM »
"Corruption is much more a feature of capitalism than communism, since people who are corrupt live better..."

It is true on some level that people that live in a modern society with many choices are possibly
more at chance to experience some form of corruption than someone that "lives in a cave with
almost no choices in life".

"Since nobody under communism is supposed to live better than anyone else"

So Fidel Castro lives in almost the exact same type house and gets the exact same
toilet paper ration as do other Cubans?
"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Michael Tee

  • Hero Member
  • *****
  • Posts: 12605
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #6 on: April 22, 2010, 03:45:03 PM »
Fidel obviously lives better than the average Cuban worker, but the gap between Fidel and the poorest Cuban is a lot less than the gap between Obama and the poorest American, or Bush and the poorest American.  Fidel is a true servant of the masses.  When he was in better shape, he worked 18-hour days for the people.  He put his life on the line for them.  Nobody begrudges him one nail in any of his homes.

It's got nothing to do with living in caves, either.  The Chinese people don't live in caves, and they shoot people for taking bribes.  No politician in America could vote for that kind of legislation because they're either on the take themselves, or else their best friends are.

Christians4LessGvt

  • Hero Member
  • *****
  • Posts: 11139
    • View Profile
    • "The Religion Of Peace"
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #7 on: April 22, 2010, 04:22:02 PM »
"he worked 18-hour days for the people"

LOL...big F-ing deal....you think Bill Gates didnt work 18 hour days when he started Microsoft
and Bill gates has certainly helped change millions of more lives for the better than Fidel Castro
could ever dream about....welcome to the real world.....most business owners and many people
with second jobs often work 18 hour days.....when I started my business i easily was working
16-18 hour days...I even considered carving out an apartment at work...so I could live at the
office....and I still want in my next office move to have a shower put in so I can take a shower
at work....when there isn't time to go home.

It's got nothing to do with living in caves, either. The Chinese people don't live in caves, and

Yes it does have everything to do with the analogy of caves.
When you have almost no freedom of course there is less chance of a Madoff happening.
But who the hell wants that pitiful choice?

Come on Michael be honest....you know China although making great strides
since opening up to business is still a very poor country. When you take its 1.3 billion people
into account it should be clear that China remains poor. Even at purchasing power parity....
taking into account America's higher price levels....The US has about eight times the income
per head of China. China is at about the same level as Angola & Egypt in relative income terms.
It is true that if China continues at its rapid growth rate it will probably overtake the developed
countries at or before mid-century. But it is still far from having reached that stage and, if China's
growth rate slows substantially, it may be a long way off or even never achieved.
Over the past 30 years China has moved from being dirt poor to simply being poor.

« Last Edit: April 22, 2010, 04:23:46 PM by ChristiansUnited4LessGvt »
"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Michael Tee

  • Hero Member
  • *****
  • Posts: 12605
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #8 on: April 22, 2010, 06:48:53 PM »
Just because China still has a long way to go does not mean that they haven't come a long way since the start of communism there, in 1948 or 1949.  Sure they still have a great task ahead of them but look at how far they've come in just 60 years.  Without communism, they wouldn't have had a hope in hell.  They'll cover the last 100 miles, under communism, and with nobody to thank but communism for getting them there.

And sure, people put in 18-hour days in a capitalistic society, CU4, but they do it all for themselves.  Fidel did it for the people.  He also  risked torture and death in the Revolution to bring socialism to the people.  He's a real hero in Cuba.  Whatever he has is the gift of the Cuban people, they love Fidel and they love the Revolution.  Yes, there are always gusanos, worms, in Cuba, who hate socialism and the Revolution, because they are selfish, greedy and infantile people who live only for themselves.  Fuck 'em.  Fidel doesn't have them all shot, despite the bullshit capitalist propaganda that you guys are so brainwashed with, in fact reporters can and do always dig them out to spout their whiny gripes for the Western MSM, which will never say one single word about all the benefits of the Revolution, although it will quote every fucking word from every fucking gusano.  It doesn't matter.  I've been to Cuba and I've seen the Revolution and met the Cuban people.  If you people don't know the truth because your government makes it hard for you to see it for yourselves, and brainwashes you with tons of propaganda bullshit, that is your problem.  The facts are the facts, and if Uncle Sam doesn't like them, tough shit.

Christians4LessGvt

  • Hero Member
  • *****
  • Posts: 11139
    • View Profile
    • "The Religion Of Peace"
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #9 on: April 22, 2010, 11:54:39 PM »
And sure, people put in 18-hour days in a capitalistic society, CU4, but they do it all for themselves.
Fidel did it for the people.

And Michael reality is pretty clear about which way provides higher standards of living.
societies that allow innovation and ambition for individual achievements far
outpace societies that prevent individual enrichment. See the United States,
Canada, Japan, Germany, Italy as the first examples of standards of living
where people are free to enrich themselves vs ? ....Gosh I cant think of ANY!
What society that prevents personal enrichment has anywhere near the standard of living?
"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Michael Tee

  • Hero Member
  • *****
  • Posts: 12605
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #10 on: April 23, 2010, 12:27:50 AM »
<<And Michael reality is pretty clear about which way provides higher standards of living.>>

That's just not true, CU4.  The standard of living for the average Russian went down like a rock after the fall of communism.  After 4,000 years of capitalism, and centuries of submission to foreign capitalists, the living standards of all Chinese really took off after communism came in.  Same in Cuba, the masses lived in shit and after the Revolution, Castro gave them education, health care and housing, for everyone.  Russians were living in serfdom before the Revolution, their GDP grew faster than any other industrialized nation in the 1930s.

<<societies that allow innovation and ambition for individual achievements far
outpace societies that prevent individual enrichment. See the United States,
Canada, Japan, Germany, Italy as the first examples of standards of living
where people are free to enrich themselves vs ? ....>>

How do you really know what the standard of living is in the U.S.A.?  If they've got two cell phones for every human being, but twenty per cent of them live below the poverty line, are they living better than a society with fewer cell phones and no one under the poverty line?

There's a lot of poverty and misery in the U.S.A. and the U.S. worker works harder and longer hours than his European counterparts, with a lot less paid holiday and vacation time, and IMHO a lot less to show for it in terms of lifestyle and quality of life.

If you want to talk about standard of living at the top, that's one thing.  But I haven't seen ANY hard evidence that the overall life of an ordinary American worker is better than the life of the average Cuban or Swede.  Or Frenchman or Italian.

I think part of the problem is the metrics.  I don't know how you balance out "No. of colour TV sets per household" with "weeks of paid vacation" or "access to qualified health care" etc.

Christians4LessGvt

  • Hero Member
  • *****
  • Posts: 11139
    • View Profile
    • "The Religion Of Peace"
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #11 on: April 23, 2010, 10:56:43 AM »
Michael.....here are the HDI rankings for 2007
Where are countries in the Top 25 that discourage individual achievement?
Where are the countries that discourage business and corporations?
Where are the countries that frown upon personal wealth accumulation?
They aren't there!
Be honest...how can this be any clearer?
Is it an accident that none in the Top 25 follow Marxism?
Sure Marxism could be better than being in a German Nazi Death Camp
But what sort of measure of success is that?
"Slightly better than miserable" is something to be proud of?
Marxism has failed miserably to reach the top.
The answer is pretty clear...to be the best...means encouragement of personal achievement.

2007 Rank Country HDI

1  Norway 
2  Australia
3  Iceland   
4  Canada 
5  Ireland   
6  Netherlands 
7   Sweden   
8   France 
9   Switzerland 
10 Japan   
11 Luxembourg 
12 Finland 
13 United States 
14 Austria
15 Spain 
16 Denmark 
17 Belgium 
18 Italy 
19 Liechtenstein
20 New Zealand
21 United Kingdom
22 Germany 
23 Singapore
24 Hong Kong 
25 Greece 

The United Nations Human Development Index (HDI) is a comparative measure of life expectancy, literacy, education and standards of living for countries worldwide. It is a standard means of measuring well-being, and also to measure the impact of economic policies on quality of life.


"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Michael Tee

  • Hero Member
  • *****
  • Posts: 12605
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #12 on: April 23, 2010, 12:19:13 PM »
What would be really interesting, CU4, would be to apply an index of socialism measuring the degree of socialism attained by a country, with a country like Cuba near the top and a country like the U.S.A. near the bottom.  Factors such as:  Government ownership of the means of production, universal health care paid by the government, job security, unemployment benefits, social security as a percentage of pre-retirement earnings, etc. 

Obviously, Canada, with a mixed economy (some major enterprises owned wholly or partially by the government, universal single-payer health care, etc.) would rank ahead of the U.S. in socialism (or to say the same thing, the U.S. would rank ahead of Canada in capitalism) while both are obviously "capitalist" countries.

Then I'd like to return to your HDI list and give each country on the list its "socialism number" - - where it ranks in the degree of socialist concepts incorporated into its economy.  I bet you'd see a correlation between the degree of socialization and HDI rankings, and that the countries which, like the U.S.A., are the most hostile to socialism, do not rank as well in HDI as those that are more accommodating to it.

It is troubling, though, to see that NONE of the top 25 are full-scale Marxist "dictatorships of the proletariat."  My wife and I were in East Berlin a few times in 1988, the year before The Wall came down, and it certainly didn't seem all that different from any other European metropolis.  The people we spoke to seemed to be well-educated and well-traveled.  Through workers' clubs, they had been able to holiday in Hungary, Yugoslavia and Cuba.  We met a recreational sailor and a gliding enthusiast, each of whom had been able to enjoy their sports through workers' clubs, which were everywhere and organized in a networking structure allowing the smallest workers' sports clubs access to world-class facilities.  Cultural events, such as the opera, were of equal quality to those in West Berlin (they were both superb!) but much more affordable in East Berlin, where there were a lot more working-class people attending. 

I don't see socialism as a bar to being on the top 25 HDI list and I don't know if East Germany was ever on the list, which might depend on how long the list's been around. 

Another number I'd like to see worked out would be the natural wealth of the country divided by the population.  Because I'm wondering how much of the HDI ranking is due to economic system and how much to natural wealth, the luck of the geographic draw.

Plane

  • Hero Member
  • *****
  • Posts: 26993
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #13 on: April 24, 2010, 05:46:25 PM »
Where do we place the poverty line?


The advrage buyijng power of a Cuban would be  lessor than the buying power of an American on the edge of poverty.

How long does an American work to earn a chicken , a loaf of bread and a dozen eggs?

How long for a Japaneese , Cuban , Venesualian , French ,etc....

It is a longstanding beleif in the US that a person can do better for himself than the government can do for him , this beleif begins back in the day that it was obviously ture.

Michael Tee

  • Hero Member
  • *****
  • Posts: 12605
    • View Profile
  • Liked:
  • Likes Given: 0
Re: All the President's Goldman men
« Reply #14 on: April 24, 2010, 09:17:54 PM »
<<Where do we place the poverty line?>>

I don't know.  Here's a good starting point for a discussion of that issue:  http://en.wikipedia.org/wiki/Poverty_threshold

Of the various alternative definitions discussed, I like this one:

David Gordon's paper, "Indicators of Poverty & Hunger", for the United Nations, further defines absolute poverty as the absence of any two of the following eight basic needs:[4]
•   Food: Body Mass Index must be above 16.
•   Safe drinking water: Water must not come from solely rivers and ponds, and must be available nearby (less than 15 minutes walk each way).
•   Sanitation facilities: Toilets or latrines must be accessible in or near the home.
•   Health: Treatment must be received for serious illnesses and pregnancy.
•   Shelter: Homes must have fewer than four people living in each room. Floors must not be made of dirt, mud, or clay.
•   Education: Everyone must attend school or otherwise learn to read.
•   Information: Everyone must have access to newspapers, radios, televisions, computers, or telephones at home.
•   Access to services: This item is undefined by Gordon, but normally is used to indicate the complete panoply of education, health, legal, social, and financial (credit) services.



There's obviously a highly arbitrary element to all of the definitions.  I think what's important is to establish one definition as the standard, and make sure that however it's composed, it describes a way of life and a measure of deprivation such that anyone who can envisage the life so described would say, "Whoaahh, I would be very unhappy living that life and I wouldn't want anyone's kids to have to live that way," and yet so constructed that with a few minimal improvements, it would become a life that could be described as "liveable, but only barely."

I think it more important that there BE a uniform standard than that the standard be one that everyone can agree on.  If we are going to discuss standard of living, we need some kind of metrics that will permit comparisons of various alternative

<<The advrage buyijng power of a Cuban would be  lessor than the buying power of an American on the edge of poverty.>>

plane, I think this would be a good time for you to start defining your terms.  Exactly what do you mean by "buying power" and how does it apply to benefits and services that the average Cuban doesn't have to buy because they are provided to him free of charge by the state, such as medical care, education, and in some cases, and to some degree, housing.

Another thing I query about your statement is that it seems to presuppose that there is some inherent advantage to owning the things that "buying power" can get you and no value to cooperative use of cooperatively owned property as an alternative to private ownership.  Suppose the "American on the edge of poverty" can scrape together the price of a 15-year-old clunker and "the average Cuban" can't.  What is the BFD?  For his $799 clunker, the "American on the edge of poverty gets some pollution-spewing, unsafe piece of shit that keeps draining his wallet for repairs, gas, parking, insurance, etc., whereas the average Cuban has cheap access to decent and adequate public transportation.  So I don't think that "purchasing power" is an adequate metric for comparing living standards across two countries with different economic systems, one in which the state provides a lot of things to its citizens, the other in which the state provides relatively few things to its citizens.  This is where the HDI referred to in one of CU4's earlier posts provides a much better yardstick for comparison purposes.

<<How long does an American work to earn a chicken , a loaf of bread and a dozen eggs?

<<How long for a Japaneese , Cuban , Venesualian , French ,etc....>>

I'm sure there are studies done that would answer your questions.  The answers would be interesting, of course, but would need adjustment for (a) things that the non-American workers don't have to work for at all, because they are provided free of charge by the government rather than purchased privately and (b) the problem of unemployment, i.e., that there are Americans, Cubans, Japanese, etc. who can't earn a chicken or loaf of bread because they have no job.  That's why, again, I think metrics like the HDI, referred to above, are the more relevant  measure of comparison.

<<It is a longstanding beleif in the US that a person can do better for himself than the government can do for him , this beleif begins back in the day that it was obviously ture.>>

Sorry, but I don't think it was ever "obviously true" that people would do better through an every man for himself competitive frenzy than through an organized cooperative group effort.  I think it was always true, and still is, that cooperative effort produces better results for   most people than "rugged individualism."  The "longstanding belief" that you are referring to is a myth.