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Why Does Goldman Sachs Support ALL of the leading Candidates?
They are in the top 5 supporters for McCain, Obama, Romney and Clinton. Anyone have any good reason for this or is this another reason why we should all vote for Ron Paul?
Source:
@Andrew
Your "so-called" fringe candidate must scare you. It's funny when those who are against the constitution respond to the message of Dr. Paul, they resort to childish name calling.
@Andrew Part 2
You obviously don't know anything about Dr. Ron Paul. I know this because you keep putting the "Dr." in quotes. Before he became a politician, he was U.S. Air Force flight surgeon.
Also:
-There is a difference between legal immigration and illegal immigration
-There is no "Win" in Iraq. Ever.
-100% (and then some) of our income tax goes to pay the interest on our dept to the Federal Reserve, run by the richest of the rich.
-Dr. Ron Paul's tax policies will only hurt people who are anti-constitution, and that is a-ok with me.
3 Answers
- Anonymous1 decade agoFavorite Answer
We NEED Ron Paul...Everyone else is simply bought and paid for
1) He wants to privatize government programs that are not working. This makes for better quality programs at a lower price.
2) He understands that anything you subsidize you get more of so the answer is to get people up on their own two feet.
3) He believes in greater personal freedom and more personal responsibility.
4) He wants to cut government waste and remove the income tax.
5) He believes in a non-interventionalist policy. Friendly trade with all nations but don't get involved with their politics. It's none of our business.
6) He would bring our troops home.
7) He wants to end birth-right citizenship and remove the reason illegal immigrants come to America while at the same time changing immigration rules so that more people who truly want to be Americans and will contribute to our country can come in legally.
8) He is a Constitutionalist. He wants to bring our country back to what the founding fathers intended.
9) Looking at his voting record I can see that in 20 years he has not waivered or flip/flopped. He thinks about a solution, consults The Constitution, adds compassion and common sense and takes a firm stand.
10) He has a TON of education and practical experience in economics and can turn our economy around.
11) He wants to fix the part of the health care system that is broken while not breaking it for the people it is currently working for.
12) He believes that the job of the Welfare system should be to put itself out of business because they do such a great job of getting people on their feet.
Essentially, if you think you can do a better job running your life than the government can, vote for Ron Paul
- Andrew SLv 41 decade ago
Any 4 of these people have a good shot at the Oval Office.
This is of concern to Goldman's because Banking and Financial Services are highly, highly regulated. A sweep of any legislative or bureaucratic pen can cost a financial institution millions (or billions, or can wipe them away into oblivion).
Sarbanes Oxley, the SEC Act, Glass Steagall, the Financial Services Modernization Act - these all caused sweeping changes in banking and caused a lot of pain and unforeseen consequences to banks, investors, and markets.
So Goldman's doing what it always does - being smart.
It's also interesting to note that populist candidate Edwards invested much of his lawyerly winnings into hedge funds- and went from being a mere multi-millionaire to being worth hundreds of millions. (Many of Edwards supporters are i-bankers and hedge fund principals.)
Ron Paul's a fringe candidate - an elderly junior Congressman and a cranky, ill tempered nut job who wants to turn back the clock on American and global prosperity and stability.
No one takes him seriously, nor should they.
Edit - Sorry, but "Dr" Paul is a bit fringe.
Bad trade policies lead to economic ruin and sometimes war - Smoot Hawley demonstrated this pretty clearly.
Xenophobic immigration policies seem pretty anti-American to me. If my ancestors hadn't let your ancestors settle here, I'd probably be wearing buckled shoes and loading my blunderbuss with gunpowder right now. So I'm not anti-immigrant. Paul is.
Abandoning Iraq would be destabilizing, irresponsible, and cowardly. Probably Mahmoud Ahmenijad of Iran is really hoping for a Ron Paul comeback right now.
Plus "Dr" Paul's tax policy ideas would hurt everybody, but the poor worst of all. I'd sooner go for Ross Perot.
Ron Paul makes John McCain look young and makes Howard Dean look stable. Also, he really needs a shower. Why do so many cranks skip the personal hygene? We'd be more likely to buy their craziness if it wasn't accompanied by dandruff and b.o.
Anyhoodle, as much as the banks like to hedge their exposure, they also don't want to throw money away.
So don't throw your vote away on that crazy, smelly old man.
- Anonymous1 decade ago
This is called hedging your investment. You are guaranteed a return