View Full Version : Economic: Corporations: Ron Paul and Goldman Sachs

12-26-2011, 06:57 AM
I've said to someone that Ron Paul is the anti-lobby candidate and he answered me that Goldman Sachs employees donated millions of dollars to Ron Paul's campaign 2008. Lloyd Blankfein is a friend of him and many of Lloyd Blankfein ex employees are now member of Paul's staff.
Is it true ? What should I answer ?.

12-26-2011, 09:17 AM
I can't find any evidence of a link between Blankfein and Paul. You can google the two names together and see if anything turns up. Of course, employees of a firm are allowed to donate to any candidate they want, just like you and me. In fact, I would imagine employees and especially ex-employees of a financial firm might have a pretty good idea of what's going wrong in our system, and want to see it fixed.

Ron Paul's position has been consistent. On September 10, 2003, he gave a speech to Congress saying that the then current government policies encouraged lending to people who couldn't pay the money back, and he predicted that this would lead to a bailout, and he introduced a bill to abolish these policies. To find the video of his speech, google “ron paul 2003 housing bubble”. He has consistently opposed bailouts to the financial industry. He wants to stop the source of cheap money that enriches the financial industry, which is the Federal Reserve. The Federal Reserve is the source of the huge profits that the financial elite use to pay their lobbyists and fund their big campaign contributions.

Feeding the Abscess
12-26-2011, 02:33 PM
Goldman didn't give Ron millions, and I found nothing about Blankfein and Ron being friends.

Your friend sounds like a DailyKos liberal and is reading from his script. Tell him to look up his donation record on opensecrets.org, which will show him that Ron Paul received $3,251 dollars total from four employees of Goldman Sachs, with Blankfein not among them.


This cycle shows one donor, a retired Goldman Sachs employee, who donated $2,500:


12-26-2011, 05:56 PM
Thanks :)

Feeding the Abscess
12-26-2011, 06:20 PM
Glad I could help!