The powerful and greedy Wall Street giant Goldman Sachs' abandonment of Barack Obama should tell you all you need to know when it comes to casting your vote this November.
If you're one of the rich, greedy and powerful, then perhaps you'll want to cast your vote for Obama's challenger, corporate crusader Mitt Romney. But if you live among the rest of us, Obama hands down is the clear choice.
In 2008, Goldman executives and employees were the largest backer of the president. But they aren't so pleased with some of the new regulations the president put in place in hopes of curbing the wheeling and dealing with the people's investments that led to the 2008 crisis.
While this country still needs even more restraints put on our big banks and mortgage companies, the folks at Goldman don't think that's such a good idea.
So they are working on getting one of their own, Mitt Romney, elected. So far, Goldman as a whole has dumped $900,000 into Romney's Super-pacs and another $900,000 directly into Romney's campaign coffers.
Meanwhile, Obama who got $1 million from Goldman in 2008, so far has received only $136,000 in Goldman support for his re-election campaign.
The power that Goldman wields is truly scary. Former Goldman Sachs CEO, Henry Paulson, was named Bush's Treasury Secretary towards the end of Bush's term -- just in time to down play the crushing impact of the looming economic crisis. And Obama still has a number of Goldman execs in his administration.
The prevailing logic should be, if Goldman or any Wall Street giant deems something a bad idea, then it's likely in the best interest of the people.
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