Ryan Barnes

As Earnings Are Upon Us, Some Goldman Thoughts

Wow, quite the spirited discussion here, even if some of it has gone off the proverbial rails. I have been looking into the campaign contributions from the last go-around, and yes, Goldman is at the top of the list in terms of nominal dollars. And yes, the % towards democrats was high at roughly 70%.

But let's remember that this is a company based in New York City. They've been consistently funneling their contributions towards the dems at higher than 60% since 1990. Oh, and they've also donated $11 million to the Republican party in that time.
www.opensecrets.org/or...

So a company located in a highly democratic-leaning state where lots of employees make truckloads of money did what they've consistently done for 20 years. It just so happens that this time, their horse won the race.

Oh, and to boot, the total contributions from GS amounted to less than 1/2 of 1% of what Obama received in contributions. And they guy had close to $30 million in cash LEFT OVER once the election was complete. Objectively, I don't think the current Administration feels overly beholden to Goldman for anything.