April 21, 2010
Ed Rollins Speaks to the Deaf

Republican consultant Ed Rollins has spent much of his life working for monsters, but that doesn’t make him stupid. He just fell in with the wrong crowd at a young age. After a talk he gave years ago at the Kennedy School, I came away hoping he’d change sides some day.

He was too smart for the 1980s GOP, and he’s way too smart for the malformed creature it has now become. Which I’m sure he knows. This is from a piece he did today for CNN. Goldman Sachs should hire him, but won’t. He’s too smart for them, too.

…Goldman denied the charges, and its sympathizers accused President Obama — who got nearly $1 million in campaign contributions from Goldman employees — of orchestrating the SEC lawsuit to sell his banking reform package. And then, it turns out that Goldman has done something else dumb — by hiring Obama’s recently departed White House lawyer, Gregory Craig, to help handle its legal strategy.

Craig is an extremely competent and respected lawyer. He knows the town and the players. But Washington is full of competent lawyers and people who know the game. Obama said his administration was going to be different and the revolving door of government service and back to the private sector was going to stop. It hasn’t. This is not the president’s mistake. It is another Goldman Sachs mistake.

And then Monday, Goldman announced its “good news.” In the first quarter of this year, the bank’s earnings of $3.46 billion were 91 percent higher than a year ago. It also announced it has set aside $5.5 billion (up 17 percent) to pay salaries and bonuses to employees…


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Posted by Jerome Doolittle at April 21, 2010 02:05 PM
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