Hillary Clinton Coming Under Increasing Fire as ‘The Goldman Sachs Candidate for President’

Goldman Sachs candidate Hillary ClintonThe American middle class has been suffering for several years in the wake of the financial crisis that began at the end of President Bush’s second term, stretched into President Obama’s presidency, and involved the government bailout of big banks. So it’s an awkward time to be the candidate bankrolled — literally — by Goldman Sachs, or what the Democratic base derisively refers to as “Gold Sacks.”

Hillary Clinton is facing more and more heat for accepting $675,000 to give just three speeches to Goldman Sachs employees. What exactly is that hefty fee buying? Critics contend there is a “revolving door between Wall Street and Washington,” where Wall Street execs shuffle back and forth from the financial sector to key jobs working for their friends in Washington, where they are able to influence financial laws and regulations. Yet despite all the heavy criticism Wall Street has taken in recent years, Clinton still chose to take hundreds of thousands of dollars from PACs, employees, directors and their families associated with the biggest banks.

At last week’s Democratic presidential primary debate in New Hampshire, CNN’s Anderson Cooper grilled her about why she accepted the staggering amount from Goldman Sachs, and she responded, “Well, I don’t know. That’s what they offered. Every secretary of state has done that.”

Read the rest of the article at The Stream

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