Mark Schumacher
May 31, 2011

Barry Soetoro AKA Barack Obama promised that he would “close the revolving door between K-Street lobbying shops and the White House”.

“Barack Obama’s revelatory moment may have come in his first week as president. On his first day of work, he signed an executive order prohibiting lobbyists from holding high ranking administration jobs, thereby fulfilling a campaign promise to “close the revolving door” between K Street and government via “the most sweeping ethics reform in history.” Two days later, the president granted a“waiver” from the new rules to install Raytheon lobbyist William Lynn as the No. 2 man in the Pentagon.
As offenses go, the move was trivial. But as a signal of a governing pathology, it established a pattern that Obama has repeated serially since being sworn into office: reiterate a high-sounding promise from the campaign, undermine said promise with a concrete act of governance to the contrary, then claim with a straight face that the campaign promise has been and will continue to be fulfilled.

So candidate Obama promised to usher in the “most transparent administration in history,” in part by making sure the American people were allowed to read each proposed non-emergency law for at least five days before the president signs it. Yet in his first month, President Obama signed three laws from the liberal wish list—the State Children’s Health Insurance Program (SCHIP), the Lily Led better Fair Play Act, and the $787 billion “stimulus”package—in less than five days. Explained the White House: “We will be implementing this policy in full soon.…Currently we are working through implementation procedures.”

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It looks like he has become powerless, as the banking giant hires more inside people who can push things along, using crucial Washington inside information. Another reason for the middle class America to feel cheated.

Judd Gregg was the ranking member on the Appropriations, Housing, Banking, and Urban Affairs. Also was on the Health, Education, Labor and Pension Committees. Gregg was a three term Democrat Senator from New Hampshire.

Goldman Sachs has been recruiting Senators from the White House as fast Bill Clinton and George Bush are making $150,000 dollar speeches. Original article below:

Former Senator Judd Gregg, R-N.H., could be Commerce Secretary today if he wanted to. Instead, he’s making bank:

The Goldman Sachs Group, Inc. today announced that Judd Gregg, a former three-term U.S. Senator from New Hampshire has been named an international advisor to the firm. He joins a group of 17 international advisors and will provide strategic advice to the firm and its clients, and assist in business development initiatives across our global franchise.

“Judd Gregg’s experience and insight will contribute significantly to our firm and our continuing focus on supporting economic growth,” said Lloyd C. Blankfein, Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc.

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The folks at Goldman want you to know, in case you’re considering buying some GS shares, that “Senator Gregg was the ranking Republican member on the Appropriations; Banking, Housing and Urban Affairs; and Health, Education, Labor and Pensions committees.”
I’ll confess, I didn’t get this one right. I predicted Gregg would do some freelance business consulting.

At Goldman, Gregg joins:

Former White House Counsel Greg Craig.
Tim Geithner’s Fed appointee Theo Lubke.
Barney Frank’s former top banking staffer, Michael Paese.

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