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Week of October 18, 2009 - October 24, 2009

Goldman Sachs: (Don't Gotta) Dance with the One That Brung Ya



Glenn Greenwald composes another ode to the enviable Goldman Sachs successunder the Obama administration.
It's pretty axiomatic that you need a big sponsor(s) to rise in the "art" of politics - Harry Truman had a Kansas City boss to push him up the ladder, Joe Biden was known as the Senator of MBNA, John McCain had his S&L buddies among other influential friends. But Obama's been considered some quirk of nature, a politician who was pure and just had supporters who liked him because he was something like Stuart Smiley. (Okay, maybe there is a bit of this quirk in Al Franken, though as usual I'll withhold opinion until I care/research).

So who brought Obama? Or as one Chicago Sun-Times piece seemed to note, Obama has skipped from one dance partner to another in his brief but torrential rise to the top. Of course the only way this would work over time is if the new dance partner is happy having even a short whirl around the dance floor. There used to be a song "as you go through life make this your goal, watch the donut, not the hole", but there is no hole these days, just a big honking Krispy Kreme Supreme. And of course few seem to care. Why "of course"? Because they're
all busy watching the fluff piece called "Republican-Democrat Football", the he-said-he-said back-and-forth that poses as politics as crooks load the house valuables out the front door into the van. Trillions continue to go bye-bye, and the national discourse is over the Nobel Peace Prize, as if "peace" weren't a quaint anachronism in the Eternal War on Terruh? 
So whether the voters brought Obama to this dance or the Chicago Machine,it's pretty obvious he's got another fine young thang to keep his eyes enthralledand his step right lively. My guess is  there'll be some sour faces at the bar whenthe dance lets out. But Goldman Sachs won't be one of them - they're used toplaying party girl and one-night stand, the Holly Golightly of our modern Wall Streetcircuit. Having a call girl's ethics is rather beneficial in these sodden times,especially with so many eager suitors having fists full of dollars up their trousers -just happy to see her, or another financial instrument in their pocket? Whichever way it leans, we're past the time when a billion here and a billion there was real money. "Trillions" is the denomination du jour, and Goldman Sachs has somehowmanaged to wind its way to the front of the call line. Whether a match made inheaven or simply a product of Harvard and Wall Street? I'll take the atheist route.God is dead, but the Dow might rise again. And the rest can go eat cake.
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