The American Spectator : Goldman Sachs Government

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Goldman Sachs Government

By Matthew Vadum on 10.16.08 @ 6:09AM

(Page 3 of 3)

So is it any surprise then that environmentalist Paulson did not object when Senate Finance Committee chairman Max Baucus (D-Montana) inserted carbon tax-related provisions in the final version of the bailout bill? Section 116 of the legislation provides preferential tax treatment for publicly-traded partnerships when they trade so-called carbon offsets, and Section 117 provides for a “carbon audit of the tax code.”

The measure, signed into law Oct. 3, appears to be an attempt by global warming activists to lay the foundation for an economy-killing carbon tax just like the “cap-and-tax” system that is now destroying European industry.

And Goldman will clean up no matter what happens to the U.S. economy.

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Letter to the Editor

topics:
Election 2008, Hank Paulson, Economics

Matthew Vadum is a senior editor at Capital Research Center, a Washington, D.C. think tank that studies the politics of philanthropy.

Comments

Kevin| 10.19.08 @ 1:16AM

Massive conflict-of-interest for Paulson of Golaman-Sachs to have pushed through this bailout that benefits Goldman-Sachs. If McCain had opposed it, he would be 10 points up in the polls today. Since the bailout failed and the stock market tanked, can we issue a stop- payment on the $.7 Trillion check?

Pingback| 1.29.09 @ 3:47PM

Capital Research Center: links to this page.

Pingback| 3.30.09 @ 4:16PM

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…breaking his campaign promise of a “ net spending cut ” in a big way. (The AIG bailout has also been used to shower money on Goldman Sachs, which does not need the money, and which has given millions to liberal politicians like Obama). The automakers were bailed out using money from the bank bailout, which was written so broadly that its supporters say it can be used for almost anything. George…

Pingback| 4.20.09 @ 12:46AM

Soros-Backed Blog Calls Tea Parties ‘Astroturf’ « NewsReal Blog links to this page. Here’s an excerpt:

…Glaser Progress Foundation. Embattled New Jersey Gov. Jon Corzine gave CAP $25,000 in 2003 through the Jon S. Corzine Foundation. A charity of Wall Street’s poster child for Fascist corporatism, Goldman Sachs, funds CAP. The Goldman Sachs Philanthropy Fund has given CAP $105,000 since 2007. The Sandlers, Soros, and Glaser are members of the Democracy Alliance, a billionaire leftists’ club that aims to…