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Goldman Sachs CEO The Latest Hypocrite With Terrible Fiscal Cliff Ideas

Business  (tags: americans, government, ethics, republicans, corporate, corruption, money, economy, consumers, politics )

- 2001 days ago -
We've said it before, and we'll say it again: There is no reason to care what corporate CEOs think about the budget deficit, because they are hypocrites with terrible ideas.

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Roseann d (178)
Thursday November 29, 2012, 3:05 pm
Go away Goldman Sachs. Your craven, depraved CEO that ran your business aground is the last guy we'd to be taking advice from. You whined and cried for your own public bailout, now shit down , shut up abd get used to your diminished status, damaged reputation and zero credibility. Anyone that invests with GS is a fool.

Vicky P (476)
Thursday November 29, 2012, 3:36 pm
Most if not all CEOs are uncaring buttholes

Thomas P (280)
Thursday November 29, 2012, 4:45 pm
Noted. Mr. Blankfein is so painfully out of touch with people. He has said that Soc Sec wasn't designed for people to work for 25 years and then receive it for 30. What that statement tells me is this that he clearly has no idea how SS is computed or how credits are earned to receive it. He also ignores the fact that people like him can continue to work well into their late 60's and 70's (provided their minds are sharp, and his is a bit suspect), but those who did back breaking work or are disabled physically can't. Why should they have to wait to receive SS?

Thomas P (280)
Thursday November 29, 2012, 4:57 pm
Only the first $ 110,100 ($ 113,700 for 2013) of wages subject are subject to Soc Sec withholding (and their employers are required to pay the employer portion of Soc Sec). Wages above those amounts are not subject to any more soc sec withholding, nor are their employers. That's a very regressive fromula. Remove the cap on wages, and SS could be solvent indefinitely. I wonder how many millions Mr. Blankfein earned in wages that were not subject to Soc Sec withholding? It's a shame he wasn't asked THAT question.

Jason S (50)
Thursday November 29, 2012, 5:57 pm
Goldman Sachs should be out business and Blankfein should be jail for life and never list to CEO of big business there most not telling the true. good posting, thanks

Kit B (276)
Thursday November 29, 2012, 6:09 pm

And...We should care about Blankfein thinks because? This guy is taking an intractable stance because he can, I doubt that he really cares that much. His money, is probably safely tucked away some where off shore, which means we need laws that address those tax cheats.

Robert O (12)
Friday November 30, 2012, 1:30 am
Almost all CEO's are evil personified. Thanks Carrie.

P A (117)
Friday November 30, 2012, 6:03 am
Oh I tried to send Roseann and Thomas and Kit and Carrie stars - but the computer wouldn't let me - thanks for this Carrie - excellent article and wonderful photos at the very end!

Dorothy N (63)
Friday November 30, 2012, 9:02 am
Came across some Care2 history pertaining to the heartless and cynical Republican 'fiscal cliff' propaganda and set-up that I thought I'd bring up here...

Republicans Up Doomsaying In Prep For Defense Budget Battle

by Jessica Pieklo
July 18, 2012

which goes quite well with this example:

Timothy Durham, Ex-National Lampoon CEO, Convicted Of Defrauding Investors Of About $200 Million
By TOM LoBIANCO 11/30/12

INDIANAPOLIS — A former chief executive of National Lampoon and two co-conspirators faced possible life sentences Friday after being convicted of swindling investors out of about $200 million.
U.S. District Judge Jane Magnus-Stinson was set to sentence Timothy Durham, James Cochran and Rick Snow following their June convictions on fraud and conspiracy charges.
A jury found each man guilty of securities fraud and conspiracy. It also convicted Durham, a major Indiana Republican Party donor who resigned his National Lampoon post in January, of 10 counts of wire fraud, while Cochran and Snow were convicted on some of those counts.
Prosecutors have said the three stripped Akron, Ohio-based Fair Finance of its assets and used the money to buy mansions, classic cars and other luxury items and to keep another Durham company afloat. The men were convicted of operating an elaborate Ponzi scheme to hide the company's depleted condition from regulators and investors, many of whom were elderly. ...

And leads nicely into - how did corporations wind up running the show when your American Founders went to such great lengths to try to prevent this from happening?

Why are often greedy, criminal CEO opinions even asked, when they've already ruined the global economy and are trying to rid the world of democracy?

Gene J (290)
Friday November 30, 2012, 10:32 am
"If Blankfein really cared about the economy, which is still staggering along in the wake of the financial crisis that Goldman Sachs helped create, he would call for us to widen the deficit immediately with more stimulus and worry about narrowing it when things got better."

This is classic Keynesian Economics used by FDR, Nixon, Reagan and both Bush's to move the country out of recession/depression. It has been standard Republican policy until now. And now the only reason they are against it is because it will improve our economy under a sitting Democratic President. Pure political bullsquat. I saw him say what Thomas talks about above where he claimed that people pay into SS for 25 years and then receive it for 30. Most of us have careers ranging from 45 to 52 or more years and at age 70 when full benefits are available have a life expectancy of less than 15 years. How he came up with his numbers is probably the same creative accounting he uses to minimize both his company's taxes as well as his own. Nothing close to the truth of the average American worker's experience. Just another rich dude trying to justify his obscene salary and compensation at the expense of the average tax payer.

Past Member (0)
Friday November 30, 2012, 4:24 pm

Süheyla C (234)
Friday November 30, 2012, 5:16 pm

Mary Donnelly (47)
Friday November 30, 2012, 10:59 pm
Thank Carrie.

Kathleen R (138)
Saturday December 1, 2012, 4:41 am

Lois Jordan (63)
Monday December 3, 2012, 4:56 pm
Blankfein, among others, should be in jail and GoldSux should've at least been reduced greatly in size, if not just dismantled. Well, the high & mighty are still continuing to roar now, but I await the day they finally fall from grace. I'm disgusted by their remarks.
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