The Wall Street Journal
July 20, 2009
[efoods]Editor’s note: Obama continues to stack the deck with globalist insiders. Hormats is also a member of the Trilateral Commission. “Due to Goldman Sachs secretive culture and revolving door relationship with the Federal government, Goldman has recently been referred to as Wall Street’s secret society, with former Goldman employees currently heading the New York Stock Exchange, the World Bank, the U.S. Treasury Department, the White House staff, and even rival firms such as Merrill Lynch. Its landmark profits during the 2007 Subprime mortgage financial crisis led the New York Times to proclaim that Goldman Sachs is without peer in the world of finance,” notes the Jeremiah Project.
The Obama administration picked Goldman Sachs Group Inc. Vice Chairman Robert Hormats to be the State Department’s undersecretary for economic, energy and agricultural affairs, the White House announced Friday.
Mr. Hormats, if confirmed by the Senate, will buttress Secretary of State Hillary Clinton’s campaign to use economic, trade and environmental issues to redefine Washington’s relationship with nations such as China, India and Russia, said administration officials.
Mr. Hormats also will play a central role in managing Washington’s “strategic and economic dialogue” with Beijing, a diplomatic exchange overseen by Mrs. Clinton and Treasury Secretary Timothy Geithner. The first Obama administration U.S.-China dialogue is slated for this month in Washington, according to the State Department.