In Florida, former Massachusetts Governor Mitt Romney has fired on former Speaker of the House Newt Gingrich, repeatedly emphasizing the speaker’s private sector work for the government sponsored enterprise Freddie Mac. Romney seems concerned about that, but the governor overlooks a major factor about the people backing him for president.
Entries in Goldman Sachs (5)
by Kay B. Day
Goldman Sachs has a chummy relationship with Washington. And one of the firm’s recipients of a large amount of campaign money is a key player in the financial regulation bill, ‘The Dodd Bill.’
Lloyd Blankfein, chair of Goldman Sachs, sounded like a first grader during Congressional hearings when Sen. Tom Coburn (R-Okla.) quizzed him about a relationship with the US Treasury Dept. Blankfein drew a blank.
Coburn: “Have you personally spoken with anybody at Treasury about the regulatory reform effort?”
By Kay B. Day
In an earlier column I covered testimony presented to Congress by Professor Bill Black, Associate Professor of Economics and Law at the University of Missouri—Kansas. Black appeared on Bill Moyers’ Journal program on PBS on April 23. Moyers described Black in a teaser announcing the program: “As a federal regulator many years ago Bill Black helped put in jail a lot of culprits involved in the costly savings and loan scandal of the 1980s.”
So far, Prof. Black is the only expert I've seen brave enough to use the 'F' word, 'Fraud.'
By Kay B. Day
I had a long conversation this weekend with a young woman who is sharp and educated, but held firmly in place by Democrat politics. This is partly a result of history taught in public schools. As we chatted, it became apparent she believed some myths Democrats love to promote.
Commentary by Kay B. Day
President Barack Obama delivered his State of the Union speech on Wednesday with customary style and polish. He came out swinging, declaring he doesn’t quit. He urged Republicans to stop saying no and chided the Supreme Court for their recent decision in Citizens United vs. FEC.
Overall, the president tried to appease centrists and leftwingers, talking up tax deals for small businesses and dropping ‘Don’t ask don’t tell’ for gays who serve in the military. In what felt like a very long speech to this viewer, Obama urged Democrats to move along on healthcare and Cap and Trade as he urged both parties to work together. “It’s time the American people get a government that matches their decency,” he said.
If it hadn’t been for Justice Samuel Alito’s gesture, described as mouthing ‘not true’ by Politico and other media, there wouldn’t have been much to report. Alito allegedly made the motion—it wasn’t disruptive in any way—when Obama said foreign corporations could now “spend without limit” in American elections.