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(Yahoo)   Joe Biden, channeling Rodney Dangerfield: "You've got to give Mitt Romney credit - he is a job creator... in Singapore, China and India"   (news.yahoo.com) divider line 163
    More: Amusing, Mitt Romney, Joe Biden, Singapore, U.S. Conference of Mayors, Swiss bank accounts, American workers  
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1748 clicks; posted to Politics » on 26 Jun 2012 at 8:03 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-26 08:56:38 PM  

BullBearMS: DarwiOdrade: So vote Republican!

So stop pretending either one of them is anything other than a sold out tool of the obscenely wealthy.

[dl.dropbox.com image 640x491]


You stop pretending that those similarities mean that Romney is an acceptable alternative to Obama.
 
2012-06-26 08:56:38 PM  

BullBearMS: Shaggy_C: Final Senate Vote on NAFTA

U.S. Senate Roll Call Votes 103rd Congress - 1st Session

as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Vote Summary
Question: On Passage of the Bill (H.R.3450 )

Biden (D-DE), Yea

Remember when Obama pretended to be concerned with the loss of American manufacturing jobs to Mexico in the last campaign cycle and promised to renegotiate portions of NAFTA?

Whatever became of that?

President Barack Obama and Mexican President Felipe Calderón agreed Thursday to remove most restrictions on trucking across the U.S.-Mexico border, sparking furor from the Teamsters and raising concerns for truckers on both sides of the border - for different reasons.

The American Trucking Association praised the announcement, saying it will promote trade. The Teamsters and certain trucking companies oppose the deal, saying it sacrifices American jobs when unemployment is high so that big business can save money partly by hiring cheaper drivers.

Ah yes. Giving America's manufacturing jobs to Mexican citizens wasn't quite enough. The "job creators" also want to give America's union service economy jobs to them too.

Naturally, being owned by the obscenely wealthy, Obama is in favor of this as well. The "job creators" shouldn't be forced to pay Americans a living wage, after all.


You didn't have a problem with Gov. Walker of Wisconsin was doing something similar.
 
2012-06-26 08:56:54 PM  
FTA: "Swiss bank account and money socked away in the Cayman Islands as evidence he" ... is a traitor and should probably be in prison. When he is sent to prison, I hope he ends up in Reidsville, GA.
 
2012-06-26 08:59:15 PM  

stoli n coke: So which Republican that claims to be a "libertarian" should we vote for?


So which Democrat pretending to be a liberal should we vote for?

Obama's busy prying union jobs away from teamsters and granting "radical new powers" to corporations.
 
2012-06-26 08:59:19 PM  
sphotos.xx.fbcdn.net
 
2012-06-26 09:00:15 PM  

hurdboy: Call center and light manufacturing jobs are what we need. Americans are amped to do those.


Better than McDonalds.

Oh, and what about all those IT jobs that get offshored? 2.5 million a year is the figure I've seen.
 
2012-06-26 09:01:25 PM  
Guys, it doesn't matter if you question his "both sides are bad" shtick. The important thing is that he has found a way to be morally superior to both sides and he will continue to beat that drum.
 
2012-06-26 09:02:56 PM  

elchip: hurdboy: Call center and light manufacturing jobs are what we need. Americans are amped to do those.

Better than McDonalds.

Oh, and what about all those IT jobs that get offshored? 2.5 million a year is the figure I've seen.


Ok, I think I read the figure wrong.

Still, it amounts to hundreds of thousands of IT jobs.
 
2012-06-26 09:04:09 PM  

DarwiOdrade: BullBearMS: Yea, cause Obama is fighting for our jobs...

A critical document from President Barack Obama's free trade negotiations with eight Pacific nations was leaked online early Wednesday morning, revealing that the administration intends to bestow radical new political powers upon multinational corporations, contradicting prior promises.

The leaked document has been posted on the website of Citizens Trade Campaign, a long-time critic of the administration's trade objectives. The new leak follows substantial controversy surrounding the secrecy of the talks, in which some members of Congress have complained they are not being given the same access to trade documents that corporate officials receive.

"The outrageous stuff in this leaked text may well be why U.S. trade officials have been so extremely secretive about these past two years of [trade] negotiations," said Lori Wallach, director of Public Citizen's Global Trade Watch in a written statement.

Sen. Ron Wyden (D-Ore.) has been so incensed by the lack of access as to introduce legislation requiring further disclosure. House Oversight Committee Chairman Darrell Issa (R-Calif.) has gone so far as to leak a separate document from the talks on his website. Other Senators are considering writing a letter to Ron Kirk, the top trade negotiator under Obama, demanding more disclosure.

The newly leaked document is one of the most controversial of the Trans-Pacific Partnership trade pact. It addresses a broad sweep of regulations governing international investment and reveals the Obama administration's advocacy for policies that environmental activists, financial reform advocates and labor unions have long rejected for eroding key protections currently in domestic laws.

Oh, wait... He's actually fighting to give radical new powers to his obscenely wealthy "job creator" friends.

So vote Republican!


No, I think I've seen enough of BullBears' various posts to state that his problem with Obama is that Obama is too right wing for him. My sense is that BullBear is not going to vote Republican: he considers Obama too right wing and pro-corporation.
I agree with him to some extent, but I think it is imperative to reelect Obama. Then, the real work can begin in earnest. Remember, even FDR, at times needed heavy pressure to initiate certain programs. Wasn't he the one, in fact, who once said to some advocate for ordinary people "I agree with you. Now, go out there and make me do it." or some such? It's too late for me to Google. I don't have enough brain power left.
 
2012-06-26 09:05:48 PM  

Coco LaFemme: Joe Biden is one of the best things about the Obama administration. Choosing him as his VP was an absolutely inspired choice.


Initially, I was disappointed that Obama didn't choose Kucinich, but Biden has grown on me.
 
2012-06-26 09:06:04 PM  

BullBearMS: stoli n coke: So which Republican that claims to be a "libertarian" should we vote for?

So which Democrat pretending to be a liberal should we vote for?

Obama's busy prying union jobs away from teamsters and granting "radical new powers" to corporations.


So vote Republican. I got it. But which Republican? Romney, Paul, Gary Johnson? Help a brother out.
 
2012-06-26 09:08:09 PM  
"On day One, Mitt Romney will take action to jumpstart our economy and give job creators the incentives they need to thrive here in America,"

Where "incentives" = "tax cuts", and "job creators" = "the rich".
 
2012-06-26 09:08:27 PM  

Lunaville: I agree with him to some extent, but I think it is imperative to reelect Obama. Then, the real work can begin in earnest


Whereas he thinks the real work can only begin after the Republicans win because that will further the liberal agenda or something.
 
2012-06-26 09:10:23 PM  

Omahawg: His hair is perfect but he'll never be able to understand why no one likes him.


Here's why I don't like him:2012patriot.files.wordpress.com

He was admittedly "BRAINWASHED" as a young man.

/"...according to a 1970 story that ran in the Boston Globe on the views of children in Nixon's cabinet, of which his father George was a member, Romney's views on the Vietnam War shifted with his father's. By 1970 it appeared the younger Romney was against the war effort.

Willard Mitt Romney, 23, uses his father's famous remark to show where he stands, "I think we were brainwashed," says the son of House of Housing and urban Development Secretary George Romney. "If it wasn't a political blunder to move into Vietnam, I don't know what is."
But young Romney agrees with Theodore Stans, 26, son of the Treasury Secretary, that the President's move into Cambodia was sincerely motivated."

www.straight.com

VIVE LA FRANCE!
 
2012-06-26 09:11:57 PM  

stoli n coke: BullBearMS: stoli n coke: So which Republican that claims to be a "libertarian" should we vote for?

So which Democrat pretending to be a liberal should we vote for?

Obama's busy prying union jobs away from teamsters and granting "radical new powers" to corporations.

So vote Republican. I got it. But which Republican? Romney, Paul, Gary Johnson? Help a brother out.


Brother? Vote in Allen West!
 
2012-06-26 09:13:42 PM  

BullBearMS: stoli n coke: So which Republican that claims to be a "libertarian" should we vote for?

So which Democrat pretending to be a liberal should we vote for?

Obama's busy prying union jobs away from teamsters and granting "radical new powers" to corporations.


So, corporations are bad. I shall vote Republican.
 
2012-06-26 09:15:24 PM  
I'm sure Romney will create plenty of jobs here at home: HR "involuntary separation" counselors, bill collectors, foreclosure agents, moving truck rental clerks, cardboard box sellers, repo agents, pawn shop clerks...

Besides, the rich always need some extra help. Pallets full of $100 bills don't just move themselves.
 
2012-06-26 09:18:18 PM  

stoli n coke: BullBearMS: stoli n coke: So which Republican that claims to be a "libertarian" should we vote for?

So which Democrat pretending to be a liberal should we vote for?

Obama's busy prying union jobs away from teamsters and granting "radical new powers" to corporations.

So vote Republican. I got it. But which Republican? Romney, Paul, Gary Johnson? Help a brother out.


dl.dropbox.com

Apparently your idea is that we only condemn these actions when the Republicans are behind them and then make excuses for the Democrats doing the same damn things when they are in power.

Perhaps you haven't heard of Dr. Jill Stein, the Green party nominee?

She wants to do crazy things like restore Glass-Steagall, extend Medicare to everyone, and restore the Civil Liberties that the two traditional parties have worked together to destroy.

Those crazy Harvard alums.
 
2012-06-26 09:30:17 PM  
Just found this out about the Green Party:

6. Puerto Rican Independence
In 1898, Puerto Rico was invaded by the United States and has been held by the U.S. in the form of a colony ever since. In response to international pressure, in 1952, the U.S. established the "Free Associated State" status for Puerto Rico but continued to claim that Puerto Rico belongs to, yet is not a part of, the United States.

Greens support the right of the people of Puerto Rico to self-determination and independence in conformity with United Nations Resolution 1514(XV) of 1960, the release of all Puerto Rican political prisoners being held in U.S. prisons, and call for the appropriate environmental clean-up and sustainable development of Vieques and Culebra, islands that were used as firing ranges by the U.S. military. We oppose recruitment of the youth of Puerto Rico into the U.S. armed forces and their deployment to U.S. wars abroad.


Doesn't PR want to be part of the US?
 
2012-06-26 09:34:28 PM  
And Obama's EPA is busy killing jobs.
 
2012-06-26 09:36:10 PM  

BullBearMS: Perhaps you haven't heard of Dr. Jill Stein, the Green party nominee?


So far as I know, she's not even going to be on the ballot in my state.
 
2012-06-26 09:37:54 PM  
I can't wait to see who Biden gets to troll in the VP debate this year. The one between him and Palin was by far the best debate I've ever seen.
 
2012-06-26 09:39:38 PM  
Now I remember why I always thought the Greens were too far to the left for me:

Parts of the Green Party platform that I think are loony and unnecessary:

Prohibit commercial advertising targeted to children under 12 years old, as well as advertising in public places such as schools, parks, and government buildings.

Promote policies to encourage the people of the United States to watch less television, and instead to spend time with their families, friends and neighbors, and to engage in myriad other constructive, artistic or healthful pursuits.

Create a publicly-controlled "Audience Network" empowered to take airtime from commercial television and radio stations, to broadcast a variety of non-commercial cultural, political, entertainment, scientific or other high-quality programs.


So yeah. Our choices consist of a center-right party (Democrats), a party moving further to the right each day (Republicans), and the loony toons occupying both ends of the political spectrum (Greens and Libertarians).
 
2012-06-26 09:40:27 PM  

BGates: And Obama's EPA is busy killing jobs.


Do you actually have proof of this or are you just relaying what the guy on the radio told you to say?
 
2012-06-26 09:40:51 PM  

orangehat: I can't wait to see who Biden gets to troll in the VP debate this year. The one between him and Palin was by far the best debate I've ever seen.


No one is considering the obvious. I mean, Bush brought his puppetmaster to the prom. Why shouldn't Romney?

images.politico.com
 
2012-06-26 09:42:24 PM  

Mrtraveler01: BGates: And Obama's EPA is busy killing jobs.

Do you actually have proof of this or are you just relaying what the guy on the radio told you to say?


Hey, why is the culprit always AM Radio?

Don't forget about the power of "FW: FW: FW: FW: FW: Ayers Wright Alinsky Van Jones Making America Eat Alpo!"
 
2012-06-26 09:45:47 PM  

Mrtraveler01: loony toons occupying both ends of the political spectrum (Greens and Libertarians).


Amazing - you define supporting the arts, preventing exploitation of our children, and encouraging exercise as "loony".

Yet I'm sure you don't bat an eye when thinking of the slaughter of innocent Pakistani women and children by the hundred via illegal and unauthorized drone strikes.

Typical brainwashed American, I suppose. Your "center" is about two steps to the right of Franco.
 
2012-06-26 09:46:39 PM  

Mrtraveler01: Now I remember why I always thought the Greens were too far to the left for me:

Parts of the Green Party platform that I think are loony and unnecessary:


I know. The Greens want to hold the bankers who destroyed our economy responsible for their actions instead of protecting them from prosecution as Obama has right from the start.

Had Obama wanted to strike real fear in the hearts of bankers, he might have appointed former special prosecutor Patrick Fitzgerald or some other fire-breather as his attorney general.

Instead, he chose Eric Holder, a former Clinton Justice official who, after a career in government, joined the Washington office of Covington & Burling, a top-tier law firm with an elite white-collar defense unit. The move to Covington, and back to Justice, is an example of Washington's revolving-door ritual, which, for Holder, has been lucrative--he pulled in $2.1 million as a Covington partner in 2008, and $2.5 million (including deferred compensation) when he left the firm in 2009.

Putting a Covington partner--he spent nearly a decade at the firm--in charge of Justice may have sent a signal to the financial community, whose marquee names are Covington clients. Goldman Sachs, JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and Deutsche Bank are among the institutions that pay for Covington's legal advice, some of it relating to matters before the Department of Justice.

Holder's was not the only face at Justice familiar to Covington clients. Lanny Breuer, who had co-chaired the white-collar defense unit at Covington with Holder, was chosen to head the criminal division at Obama's Justice. Two other Covington lawyers followed Holder into top positions, and Holder's principal deputy, James Cole, was recruited from Bryan Cave LLP, another white-shoe firm with A-list finance clients.


Holding those whose fraud and greed destroyed the economy responsible for their illegal acts instead of protecting them? Crazy talk!
 
2012-06-26 09:47:58 PM  

Shaggy_C: Mrtraveler01: loony toons occupying both ends of the political spectrum (Greens and Libertarians).

Amazing - you define supporting the arts, preventing exploitation of our children, and encouraging exercise as "loony".

Yet I'm sure you don't bat an eye when thinking of the slaughter of innocent Pakistani women and children by the hundred via illegal and unauthorized drone strikes.

Typical brainwashed American, I suppose. Your "center" is about two steps to the right of Franco.


lol

You guys are funny.
 
2012-06-26 09:49:10 PM  
All I've got to say is that you guys have a hell of a lot of work to do to convince enough Americans to vote Green.

Good luck with that.
 
2012-06-26 09:53:52 PM  
So you Greens have a candidate.

Now the next step is convincing Americans to vote for her over Obama or Romney as well as to try to make some impact on Congress as well.

What is your strategy to do this? How do you guys plan to fight against the well-monied machines of the Democratic and Republican Parties?
 
2012-06-26 09:58:41 PM  

BullBearMS: Yea, cause Obama is fighting for our jobs...

Oh, wait... He's actually fighting to give radical new powers to his obscenely wealthy "job creator" friends.


You can vote for Romney then. He not only supports this measure, but he thinks we need to sign it immediately. Do you think Romney will stop there? Doubtful.
 
2012-06-26 09:58:48 PM  

Mrtraveler01: So you Greens have a candidate.

Now the next step is convincing Americans to vote for her over Obama or Romney as well as to try to make some impact on Congress as well.

What is your strategy to do this? How do you guys plan to fight against the well-monied machines of the Democratic and Republican Parties?


Let's look at the math here:

With two candidates, a tie would be 50-50.

But with three candidate, a tie would be 33.3-33.3-33.3

Which means that you guys need to siphon off 16.7 percent of the votes that would've gone to either Romney or Obama. That's a large number, what sound strategy do you guys have to pull a feat like this off?

I mean you guys have thought out your political strategy haven't you?
 
2012-06-26 09:59:03 PM  

Shaggy_C: Mrtraveler01: loony toons occupying both ends of the political spectrum (Greens and Libertarians).

Amazing - you define supporting the arts, preventing exploitation of our children, and encouraging exercise as "loony".

Yet I'm sure you don't bat an eye when thinking of the slaughter of innocent Pakistani women and children by the hundred via illegal and unauthorized drone strikes.

Typical brainwashed American, I suppose. Your "center" is about two steps to the right of Franco.


He has no problem at all spending all day every day shilling for the guy who ordered the Chair of the Senate Armed Services Committee to remove language that made American citizens immune to being tossed into military prisons without a trial from the NDAA.

Watch it on CSPAN: Senator Carl Levin (D-MI) I'm wondering whether the Senator is familiar with the fact that the language which precluded the application of section 1031 to American citizens was in the bill that we originally approved in the armed services committee and the Administration asked us to remove the language which says that U.S. citizens and lawful residents would not be subject to this session?

Tossing American citizens into military prisons without a trial? He's fine with that.

However, when the Greens want to hold fraudulent bankers responsible for destroying the economy instead of protecting them from the consequences of their criminal acts they are just "loony".
 
2012-06-26 09:59:21 PM  

Mrtraveler01: All I've got to say is that you guys have a hell of a lot of work to do to convince enough Americans to vote Green.


My philosophy has and always will be to vote your conscience only when the outcome is not in doubt. A third party is not the solution; moving the Democrat party to the left is far more realistic.
 
2012-06-26 10:00:06 PM  
/Awaits, for BullBearMS's response to his questions about the strategies the Green Party should take to make a large impact on the upcoming election.
 
2012-06-26 10:00:26 PM  

BullBearMS: stoli n coke: BullBearMS: stoli n coke: So which Republican that claims to be a "libertarian" should we vote for?

So which Democrat pretending to be a liberal should we vote for?

Obama's busy prying union jobs away from teamsters and granting "radical new powers" to corporations.

So vote Republican. I got it. But which Republican? Romney, Paul, Gary Johnson? Help a brother out.

[dl.dropbox.com image 479x398]


Evasion noted.
 
2012-06-26 10:01:46 PM  

Shaggy_C: A third party is not the solution; moving the Democrat party to the left is far more realistic.


Can they do that without losing the people toward the center and center-right (ie: Blue Dog and Reagan Democrats).

I mean liberals may disagree with them, but they still need their votes in order to be successful.

/Personally thinks a parliamentary system would work better than the train wreck we have now
 
2012-06-26 10:03:00 PM  

BullBearMS: However, when the Greens want to hold fraudulent bankers responsible for destroying the economy instead of protecting them from the consequences of their criminal acts they are just "loony".


No, that's not loony.
 
2012-06-26 10:03:47 PM  

Mrtraveler01: /Awaits, for BullBearMS's response to his questions about the strategies the Green Party should take to make a large impact on the upcoming election.


They don't need strategies. Righteousness and good intentions are enough. The Nader inroads were dead ends. But I am sure a good showing (i.e., ending up on the ballot and getting 0.01% of the vote) is enough to make a concession speech of "We fought the good fight!"
 
2012-06-26 10:04:45 PM  

Mrtraveler01: BullBearMS: However, when the Greens want to hold fraudulent bankers responsible for destroying the economy instead of protecting them from the consequences of their criminal acts they are just "loony".

No, that's not loony.


It's loony to think that they will.

Why?

Guess who you need to get elected?

ZING!
 
2012-06-26 10:05:07 PM  

coeyagi: Mrtraveler01: /Awaits, for BullBearMS's response to his questions about the strategies the Green Party should take to make a large impact on the upcoming election.

They don't need strategies. Righteousness and good intentions are enough. The Nader inroads were dead ends. But I am sure a good showing (i.e., ending up on the ballot and getting 0.01% of the vote) is enough to make a concession speech of "We fought the good fight!"


Huh, Nader. Don't get me started on that farking crackpot. I blame him as much a Gore for 8 years of W.
 
2012-06-26 10:05:28 PM  

Mrtraveler01: BGates: And Obama's EPA is busy killing jobs.

Do you actually have proof of this or are you just relaying what the guy on the radio told you to say?


What radio do you speak of?
 
2012-06-26 10:06:28 PM  

Rwa2play: coeyagi: Mrtraveler01: /Awaits, for BullBearMS's response to his questions about the strategies the Green Party should take to make a large impact on the upcoming election.

They don't need strategies. Righteousness and good intentions are enough. The Nader inroads were dead ends. But I am sure a good showing (i.e., ending up on the ballot and getting 0.01% of the vote) is enough to make a concession speech of "We fought the good fight!"

Huh, Nader. Don't get me started on that farking crackpot. I blame him as much a Gore for 8 years of W.


Exactly. Which is why we should vote third party again!

/US needs a parliamentary system desperately
 
2012-06-26 10:06:58 PM  

Rwa2play: coeyagi: Mrtraveler01: /Awaits, for BullBearMS's response to his questions about the strategies the Green Party should take to make a large impact on the upcoming election.

They don't need strategies. Righteousness and good intentions are enough. The Nader inroads were dead ends. But I am sure a good showing (i.e., ending up on the ballot and getting 0.01% of the vote) is enough to make a concession speech of "We fought the good fight!"

Huh, Nader. Don't get me started on that farking crackpot. I blame him as much a Gore for 8 years of W.


Exactly. What isn't being addressed here is that both parties will absolutely spend all their time crushing whatever 3rd party is most like them. Because if they don't, the 3rd party vote is a vote for the party most unlike the 3rd party.
 
2012-06-26 10:07:32 PM  

Mrtraveler01: All I've got to say is that you guys have a hell of a lot of work to do to convince enough Americans to vote Green.

Good luck with that.


images.wikia.com
 
2012-06-26 10:08:13 PM  

BGates: Mrtraveler01: BGates: And Obama's EPA is busy killing jobs.

Do you actually have proof of this or are you just relaying what the guy on the radio told you to say?

What radio do you speak of?

Location: Green River, WY


Ahhh, my mistake. I didn't know you lived in a town with only 3 radio stations within 100 miles.

/Driven through Wyoming
//I-80 is boring as hell
///Gets better when you get off I-80 toward the Tetons
 
2012-06-26 10:08:21 PM  

Mrtraveler01: Rwa2play: coeyagi: Mrtraveler01: /Awaits, for BullBearMS's response to his questions about the strategies the Green Party should take to make a large impact on the upcoming election.

They don't need strategies. Righteousness and good intentions are enough. The Nader inroads were dead ends. But I am sure a good showing (i.e., ending up on the ballot and getting 0.01% of the vote) is enough to make a concession speech of "We fought the good fight!"

Huh, Nader. Don't get me started on that farking crackpot. I blame him as much a Gore for 8 years of W.

Exactly. Which is why we should vote third party again!

/US needs a parliamentary system desperately


Actually what we need is some insanely rich person telling a bunch of senators and congressmen explicitly: "I'll pay for your campaigns if you make the system multi-party."

Then watch the slags fall over themselves to do it.
 
2012-06-26 10:11:10 PM  

Rwa2play: Mrtraveler01: Rwa2play: coeyagi: Mrtraveler01: /Awaits, for BullBearMS's response to his questions about the strategies the Green Party should take to make a large impact on the upcoming election.

They don't need strategies. Righteousness and good intentions are enough. The Nader inroads were dead ends. But I am sure a good showing (i.e., ending up on the ballot and getting 0.01% of the vote) is enough to make a concession speech of "We fought the good fight!"

Huh, Nader. Don't get me started on that farking crackpot. I blame him as much a Gore for 8 years of W.

Exactly. Which is why we should vote third party again!

/US needs a parliamentary system desperately

Actually what we need is some insanely rich person telling a bunch of senators and congressmen explicitly: "I'll pay for your campaigns if you make the system multi-party."

Then watch the slags fall over themselves to do it.


regtremblay.files.wordpress.com

His secretary is taking calls.
 
2012-06-26 10:11:29 PM  

Mrtraveler01: BullBearMS: However, when the Greens want to hold fraudulent bankers responsible for destroying the economy instead of protecting them from the consequences of their criminal acts they are just "loony".

No, that's not loony.


Yet you're shilling for the guy whose response to the Senate investigation showing widespread fraudulent acts on the part of the banks was to ask the bankers for more donations.

Justice's inaction regarding the big Wall Street firms is not for a lack of suspicious activity. Three different government entities exhaustively examined the practices that contributed to the financial collapse, and each has referred its findings to the department for possible criminal investigation. One such matter involved a 2007 transaction by Goldman Sachs, in which Goldman created an investment, based on mortgage-backed securities, that seemed designed to fail. Goldman allowed a client who was betting against the mortgage market to help shape the investment instrument, which was called Abacus 2007-AC1; then both Goldman and the client bet against the investment without informing other clients (whose investments were wagers on its success) how the securities included in the portfolio were selected. These uninformed clients lost more than $1 billion on the investment. In 2010, the Securities and Exchange Commission charged Goldman with securities fraud "for making materially misleading statements and omissions" in marketing the investment. The SEC, which conducts only civil litigation, referred the case to Justice for criminal investigation.

A year later, in April 2011, the Senate Permanent Subcommittee on Investigations, chaired by Democrat Carl Levin, after a two-year inquiry, issued a fat report detailing several transactions, including Goldman's Abacus deal, that Levin and his staff believed should be investigated by Justice as possible crimes. The subcommittee made a formal referral to the department (as did the federal Financial Crisis Inquiry Commission, chaired by Phil Angelides), and Levin publicly stated his view that criminal inquiry was warranted. Goldman executives, including the firm's chief executive officer, Lloyd Blankfein, started hiring defense lawyers.

Meanwhile, Obama's political operation continued to ask Wall Street for campaign money. A curious pattern developed. A Newsweek examination of campaign finance records shows that, in the weeks before and after last year's scathing Senate report, several Goldman executives and their families made large donations to Obama's Victory Fund and related entities, some of them maxing out at the highest individual donation allowed, $35,800, even though 2011 was an electoral off-year. Some of these executives were giving to Obama for the first time.


Oddly, the millionaire Wall Street defense attorney Obama appointed to head the Department of Justice hasn't indicted anyone despite multiple Congressional bodies and the SEC referring criminal cases to Obama's DOJ.

This is the reality of Obama's record with the "job creators".
 
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