The Hillary Hypocrisy - What Iowa Voters need to Know! - A Caucus Primer

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I am a native Iowan, a Hayseed and proud of it.  Born and raised in Iowa City, one of the most vibrant college towns in America, my family moved to Ottumwa in the mid 1950's.  Being born in 1946, I was a first year Baby Boomer.

Where Iowa City was young, vibrant, stimulating, and full of opportunity, Ottumwa was the other end of the spectrum.  In the late 1800's it was a booming coal capital, followed by a meatpacking capital in the early 20th century, and manufacturing (John Deere) center in the middle of the 20th century.

The Coal Palace

In each of the three periods in Ottumwa's history, the coal, meatpacking, and farm equipment manufacturing eras, that industry dominated the employment base and each period came to a crashing end.

Abandoned Morrell Plant

More than 22,000 people lived in Ottumwa in 1910 and population peaked with 33,631 in 1950 and 33,871 in 1960.  Like many Midwestern towns, the population has dropped to 24,682 in 2014, leaving the city today with the fewest people since 1920.

Ottumwa Downtown

To show the sharp contrast between towns in Iowa, my hometown Iowa City did not catch up with the Ottumwa population until 1960, but where Ottumwa has lost nearly 30% of the population since 1960, Iowa City has more than doubled in population during the same period to 73,415.

Iowa City

Hawkeye Stadium

Iowa is a state of diversity in people, prospects, and possibilities.  It also is unique in terms of the political caucus process and their standing as the first actual vote for president every four years in America.  Political pundits and media really do not like the fact Iowa is the first national test of our political system.  They like the unique caucus system even less because no other state uses it.  Too bad!

However, I did want to make sure the Iowa voters have all the facts before they caucus next Monday and begin the long grind to the presidency and the replacement for Barack Obama.  It was eight years ago Barack Obama pulled off the first of many upsets when he won 38% of the Iowa delegates while Hillary Clinton finished third with 27%.

So what about this year, Bernie Sanders came out of nowhere to challenge the Democrat front-runner and consensus favorite, Hillary Clinton, wife of popular Democrat President Bill Clinton.  To date Sanders, an Independent Socialist running for president as a Democrat, has driven the Democrat establishment crazy and is in a dead heat going into the final lap.

However, the Democrat establishment including DNC Chairwoman Debbie Wasserman Schultz and President Barack Obama are doing everything in their power to tilt the contest to Hillary and the big question is why?

The answer may be simpler than you think.

Two words mark the difference between the Clinton and Sanders campaigns.  They might be Goldman Sachs, Wall Street, Big Banks, Dirty Money, Puppet Masters, Corporate Corruption, or any and all of the above.

Here is an overview of the history.  Way back, when Bill Clinton was president and being impeached for excessive womanizing, to put it mildly, Goldman Sachs came to his rescue helping to raise millions of dollars to silence some of his victims and to pay off Clinton's Seven Million Dollar legal fees.

When Clinton left office, he became the poster boy for Goldman Sachs as the Clinton regulatory initiatives passed his last two years in office opened the floodgates to corporate corruption and led to the economic collapse of our nation in 2008.  The Goldman Sachs team raised tens of millions of dollars for Bill and his Foundation.

One of the chief appointees and fundraisers for President Clinton was Rahm Emanuel, a director for Goldman Sachs and who would soon be a Congressman.  It was Emanuel, who got Goldman Sachs to back an unknown Chicago politician Barack Obama when he ran for US Senate, and amid very suspicious circumstances won election and took office in 2006.

After Emanuel helped Obama become the largest recipient of Wall Street campaign contributions in history as he won the 2008 presidency, Rahm became Obama's chief of staff while dozens of Goldman employees took key economic positions in the Obama administration.

Now Emanuel, embattled Mayor of Chicago, is tied to Hillary and the Democratic establishment having hosted major fundraisers for her.  His Clinton connection from the mid 1990s and his ability to get both Hillary and Bill as the poster family for Goldman Sachs speak volumes.

Two Bill Clinton legacies generally forgotten by the Democrats and media, first more Americans were jailed during Bill Clinton's presidency than George Bush and Ronald Reagan combined, and second his regulatory revisions his last year in office allowed the thieves on Wall Street to destroy the American economy.

However, that is only the beginning.

Consider the following facts.  First Hillary pledges to be the advocate for low income, financially starved citizens.  In this respect, she says the top one percent wage earners who make most of the money in America, along with their Wall Street banks and brokerages, are the enemy.

WHAT THE TOP 1% MAKE IN AMERICA

Household income is at least $521,411 to join the top 1% in 2014!

For a fee of $275,000, Hillary agreed to appear before the clients of GoldenTree Asset Management, the capstone of a lucrative speech making sprint through Wall Street that would earn her more than $2 million in less than seven months.

Goldman Sachs paid Hillary $675,000 for three speeches.

Hillary made $16 million in five years from Wall Street while holding a government job during part of the time.

Bill and Hillary Clinton made $30 million in the last 16 months from Goldman and Wall Street not counting millions more given to the Clinton Foundation.

Since Bill left office in 2001, Bill and Hillary made $125 million.

Bill Clinton got paid $500,000 for one speech.

Hillary got paid $350,000 for a single speech.

The Hillary and Bill couple made $25 million in speaking fees in just the last year.

During this time including when Hillary was Secretary of State, hundreds of millions of dollars went to the Clinton family Foundation.

The real facts sound like she is a defender and benefactor of Wall Street rather than an enemy.  Ever since both Clintons left public office, they were full fledged members of the 1% thanks to the largess of Goldman Sachs and Wall Street.

Hillary the defender of Children for five decades!

This is the most recent ad placed by the Clinton campaign tracing her interest in protecting children over the years.  Of course, she is also the defender of Planned Parenthood and the Right to Choice for women.

That means for the past four decades she has defended the Roe versus Wade decision, which also means she is a supporter of the 58 million abortions that have taken place in America since the passage of Roe versus Wade in 1973.

Of that amount, 34.4% are African American though they make up only 12.6% of the US population.  Hispanics have 25% of abortions versus 16.3% of the population.  What does that mean?  Tragically, it means the abortion of twenty million African American children, fourteen and a half million Hispanic children, and twenty-three and a half million White children.

That is another side of the Hillary hypocrisy.

Perhaps Dr. Martin Luther King, Jr. said it best when it comes to abortion.

"The Negro cannot win as long as he is willing to sacrifice the lives of his children for comfort and safety.” How can the “Dream” survive if we murder the children? Every aborted baby is like a slave in the womb of his or her mother. The mother decides his or her fate."

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The Obama Goldman Rothschild Update - The Trillionaire Puppet Masters at Work

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First Published September 24, 2009

The Obama Goldman Rothschild Update - The Trillionaire Puppet Masters at Work

The deeper we dig into the world economic chaos the clearer the picture becomes that what has happened the past two years in the international economic meltdown could be a strategic move to solidify control of the US and world economies. For three years this paper has projected market manipulations underway that resulted in the near collapse of world economies. From the sub-prime mortgages to oil and commodity price manipulations, swaps and derivatives to a credit crash, a cascading series of unlikely events sent the world to the brink of economic disaster.

In the process regulatory agencies were proven to be toothless when it came to enforcement, Congress was inept in identifying problems or solutions, hundreds of millions of dollars were poured into political campaigns from Obama to our congressional leaders while behind the scenes the puppet masters were busy carrying out the script. This week the long awaited bank stress test results were released and surprise, surprise, JP Morgan and Goldman Sachs continue to separate themselves from the rest of the world.

The world economy may have been on the precipice of disaster but these two companies benefited in ways it will take years to assess and one has to wonder why? If you followed the series of articles in the Coltons Point Times you would have known. You can see the index of the Economic articles in the recent past at the Coltons Point Times http://coltonspointtimes.blogspot.com/ .

House of Rothschild Family Crest

Let's examine where we are today. First, the Rothschilds control JP Morgan as they have for most of the past century along with an astounding number of major banks, brokers and corporations around the world. Then it is no surprise that in terms of the Market Cap on investment banking institutions in America JP Morgan stands alone with over $130 billion. They along with Goldman also had the highest ratings in the bank stress test and do not need any additional capital.

Behind Morgan comes Wells Fargo $99.16 billion (Warren Buffett is a substantial investor), Bank of America $69.39 billion but dropping, and Goldman Sachs at $64.37 billion (Warren Buffett is also a savior of that bank). Bank of America was the worst of all banks but not bad all the same and Wells does need to raise some capital.

How about the stock prices the past year. JP Morgan lost 27.8% of value, Goldman Sachs lost 31.6% of value and Wells Fargo lost 22.5% of value. All outperformed the markets which are still down about 40-42%. In the banking sector Bank of America lost 73.6% of value and Citigroup lost 87.3% of value. Most important, since Obama got elected our golden boys JP Morgan and Goldman both more than doubled in value to lead the economic rebound.

During the past year virtually all the competition to the golden buys disappeared, Bear Stearns, Merrill Lynch and Lehman Brothers were wiped out, companies that were founded in 1923, 1914 and 1850. All other major competitors were left broken like Bank of America and Citigroup.

Goldman probably owes it's survival to the fact it has long served as a front or partner with JP Morgan, meaning the Rothschild empire, just as the JP Morgan company survived by being a front for the Rothschild family. While Morgan has a market cap of over $130 billion, the Rothschild fortune is estimated to be as high as $200 trillion, not billion. That is more than the annual budgets of every nation on earth, actually more than every nation's budget on earth combined. The largest budget by far is the USA at $3.44 trillion with $11.2 trillion in debt, pocket change to the Rothschild family.

If the Rothschilds are the puppet masters of the world Goldman is their star puppet being in the forefront of every major financial catastrophe in recent history and benefiting each time. They secretly backed Obama well before he was a candidate for President and have been getting dividends on their investment ever since.

Both Morgan and Goldman got billions in bank bail out money from the last Administration, approved by Congress and approved by Senator Obama. Neither needed or ever used it. Since becoming President Obama gave billions to bail out AIG and AIG turned around and paid off billions in debt owed to Morgan and Goldman. How do these things happen under the very nose of Congress and federal regulators?

Look at the record of where former Goldman executives have settled. Here is just a partial list and it makes you wonder if Goldman Sachs is controlling Wall Street and Washington?

Henry H. Fowler - 58th United States Treasury Secretary (1965-1969)

Robert Rubin - Former United States Treasury Secretary, ex-Chairman of Citigroup.

Henry Paulson - Former United States Treasury Secretary.

Edward Lampert- Hedge Fund Manager of ESL Investments. Brought K-Mart out of Bankruptcy in 2003

Joshua Bolten - former White House Chief of Staff

Erin Burnett - CNBC Host

Jon Corzine - Governor of the State of New Jersey.

Michael Cohrs - Head of Global Banking at Deutsche Bank

Emanuel Derman - Author of My Life as a Quant and co-developer of the Black-Derman-Toy

model

Jim Cramer - founder of TheStreet.com, best selling author, and host of Mad Money on CNBC

Ashwin Navin - President and co-founder of BitTorrent, Inc.

Abby Joseph Cohen - Perma-bull market forecaster formerly of Drexel Burnham Lambert

George Herbert Walker IV - member of the Bush family and current managing director at Neuberger Berman

Robert Zoellick - Uniteed States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President.

Mark Carney - Current Governor of the Bank of Canada

Michael D. Fascitelli - President & Trustee of Vornado Realty Trust

Neel Kashkari - Assistant Secretary of the Treasury for Financial Stability

Charlie Haas - Wrestler, who is working for World Wreestling Entertainment

Malcolm Turnbull - Australian politician, currently the federal leader of the Liberal Party of Australia

John Thain - former Chairman and CEO, Merrill Lynch, and former chairman of the NYSE.
Thain was replaced at the NYSE by Goldman veteran Duncan Niederauer.

Robert Steel - Chairman and President, Wachovia Bank.

Reuben Jeffery III, Under Secretary of State for Economic, Business and Agricultural Affairs (2007-)

Romano Prodi, Prime Minister of Italy twice (1996-1998 and 2006-2008) and President of the European Commission (1999-2004)

Mario Draghi, governor of the Bank of Italy (2006- )

Massimo Tononi, Italian deputy treasury chief (2006-2008)

Goldman just hired former Barney Frank staffer Michael Paese to be top Washington lobbyist.
This position was formerly held by Mark Patterson, the current chief of staff at the Treasury.

Tim Geithner, Obama Secretary of Treasury was mentored by Gerald Corrigan, a former New York Fed president and current partner and managing director of the Office of the Chairman of Goldman Sachs. Geithner’s replacement as president of the New York Fed, William C. Dudley, is also a former Goldman executive

Ed Liddy, who the government appointed as CEO of AIG was Goldman’s vice chairman

Akshaya Prasad has left Goldman's and joined investment company Greater Pacific Capital as co-head of their Indian business.

Of course these high-level appointments are probably just coincidental. Just as it was probably coincidental that on September 15, 2008, then New York Fed president Tim Geithner pressed for AIG’s biggest counterparty, Goldman Sachs, to help the insurer raise capital after it became clear that AIG was at risk of going bankrupt. And that on the same day Goldman’s current CEO, Lloyd Blankfein, was at the New York Fed. And that Goldman ended up in receipt of about $12 billion in tax dollars thanks to AIG’s wholesale credit-default swap and after the government bail out.

Just today we learned that the chairman of the Federal Reserve Bank of New York, Stephen J. Friedman, abruptly resigned on Thursday, days after the Wall Street Journal raised questions about his ties to his former employer, Goldman Sachs.

Mr. Friedman, who led or co-led Goldman from 1990 until 1994 and remains a director, was chairman of the New York Fed at the same time. He also held a substantial stake in the firm as the Federal Reserve drew up plans to keep Wall Street’s banks afloat.

Because the New York Fed approved a request by Goldman to become a bank holding company, the chairman’s involvement in Goldman was a violation of Fed policy, The Wall Street Journal reported. The New York Fed had asked for a waiver, which, after about two and a half months, the Fed granted, the newspaper said. During that time, Mr. Friedman bought 37,300 more Goldman shares, which have since risen $1.7 million in value.

In fact the control of the Rothschilds and Goldman are so complex the following is a chart tracking some of the Goldman connections.

As the world economy improves which it must for the golden boys to benefit maybe you should look carefully at our politicians and Wall Street executives and look closely for the puppet strings from the real Master.
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THE OBAMA - GOLDMAN SACHS SCORECARD!

First Published February 27, 2009

THE OBAMA - GOLDMAN SACHS SCORECARD!

We have still received no explanation from the Administration regarding the secret meetings and millions of dollars in support that Goldman gave to or raised for Obama to get him elected. We still have received no comment from the Administration during the campaign or now that Obama is elected about the role Goldman played in the sub-prime mortgage mess, the oil price run up, or the billions of dollars in executive bonuses paid by Goldman. The silence is becoming deafening.

Maybe this will help explain why the Administration is keeping the media attention away from Goldman. Look at the stock value of our major investment banking houses, the largest in the world, since Obama got elected.

On election day, November 4, 2008:

Goldman Sachs traded at $95.00
Bank of America traded at $24.62
Citigroup traded at $14.81
JP Morgan traded at $42.42

On the day Obama was sworn in as President, January 20, 2009:

Goldman Sachs traded at $59.13
Bank of America traded at $6.50
Citigroup traded at $3.58
JP Morgan traded at $21.27

Yesterday, February 26, 2008:

Goldman Sachs traded at $94.00
Bank of America traded at $5.89
Citigroup traded at $2.83
JP Morgan traded at $24.18

Since Obama got elected:

Goldman Sachs lost 1% of value
Bank of America lost 76% of value
Citigroup lost 81% of value
JP Morgan lost 43% of value

Hummm. Goldman loses 1% while the rest lose 43%, 76% and 81% of value. There seems to be something seriously wrong with this performance since Obama got elected. Wonder why Congress seems to have no interest in it?

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Obama Caught Between Two Masters - Goldman Sachs & SEIU - Part 2. SEIU

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First Published September 24, 2009

Obama Caught Between Two Masters - Goldman Sachs & SEIU - Part 2. SEIU

Radical even among unions, the Service Employees International Union has staked a name for itself building it's two million members not just by organizing the workplace but by stealing members from other long established unions.

The genius behind this radical labor movement is Andy Stern, yet another of the many Obama backers who were youthful members of the most radical organizations of the 1960's. Andy was in the socialist SDS, Students for a Democratic Society, before setting off on a life of organizing. To his credit, SDS was rather radical but never endorsed the use of terrorist bombings like other socialist groups.




Stern, perhaps the most loved and most hated member of the labor movement in modern America, began his career as a community organizer and never looked back. During his years as recruitment coordinator for the President of the AFL-CIO he consistently pushed for revitalization of the labor union movement and refocusing American unions to consolidate and gain bargaining power.

By 2005 he was head of the SEIU and was pushing his boss, John Sweeny, President of the AFL-CIO to make reforms or he would lead a walkout from the union federation. Sweeny balked and Stern made good on his threat. Within a year he formed the Change to Win (CTW) Labor Federation, getting the powerful Teamsters and five other unions to join forces with the SEIU. It was the first new labor federation in America in 50years.



Meanwhile he targeted other unions in a radical move to build his SEIU and his membership soared to 2 million this year, the largest labor union in America, with nearly 1 million health care workers. Parlaying the millions of dollars in membership dues and lack of unions in the health care industry Stern claims he spent $60.7 million to get Obama elected. It would be the largest union and special interest campaign financing ever given to a single candidate.

What was the price of the financing for Obama? Perhaps it is most obvious in the actions by the new president. Within ten days of becoming president, on January 30, 2009, Obama signed the first three Executive Orders wanted by the unions.

The first executive order requires employers with federal contracts above $100,000 in value to post a notice in the workplace informing their employees of their rights under the National Labor Relations Act (NLRA), including the right to join a union. This order also repeals Executive Order 13201, issued by President Bush in 2001, that required federal contractors and subcontractors to post so-called “Beck notices.” Such notices, named after the Supreme Court’s decision in Communication Workers v. Beck, 487 U.S. 735 (1988) informed employees covered under the NLRA that they could not be required to join a union or maintain union membership in order to retain their jobs and that employees who are subject to a union security clause and choose not to be union members may object to the purposes for which mandatory union dues are used.

The second order applies to federal contractors who provide services to government buildings. While there are several exemptions, under this new executive order, when a federal agency changes contractors, the new contractor will be required to offer jobs to the non-supervisory employees of its predecessor. This order is designed to try to ensure that when a unionized contractor is replaced, its successor will be obliged under existing labor laws to bargain with the original contractor’s labor union.

Finally, the third order prevents federal contractors from being reimbursed in federal funds for money spent to oppose (or support) union organizing efforts among their employees. The First Amendment prevents government from interfering with an employer’s right to voice its opinion on the merits of unionization. Similar measures have been enacted in some states, with respect to their state contractors, but the Supreme Court ruled in 2008 that California ’s law to this effect was invalid because it was preempted by the National Labor Relations Act. Although a federal executive order is different than state legislation, there may be legal challenges to this executive order’s constitutionality, including a possible violation of the First Amendment. Unless and until the order is successfully challenged, however, federal contractors who still wish to oppose union organizing campaigns will need to consider the effects of this order on their ability to continue doing so without jeopardizing their federal contracts.




In another boost to organized labor, just six days later President Barack Obama on February 6, 2009, signed a fourth Executive Order, effective immediately, authorizing executive agencies of the federal government to require every contractor or subcontractor on a large-scale construction project to negotiate or become a party to a Project Labor Agreement (PLA) with one or more labor organizations. This is the fourth pro-labor Executive Order signed by President Obama since January 30th.

A PLA is a pre-hire collective bargaining agreement between contractors and one or more unions that establishes the terms and conditions of employment for a specific construction project. The stated rationale for this Order is that a PLA can promote the “efficient and expeditious completion of Federal construction contracts” by ensuring a “steady supply of labor” and the avoidance of “labor disputes” which can delay the project.

This Executive Order, which specifically revokes contrary Executives Orders issued by former President George W. Bush in 2001 and reinstates a Clinton-administration rule, was immediately hailed by organized labor. "This is yet another reason for working families to be grateful that we have a champion in the White House," Teamsters General President Jim Hoffa stated. In the same vein, Mark H. Ayers, president of the AFL-CIO Building and Construction Trades Department (BCTD), praising President Obama, stated: “The Bush anti-PLA executive order was exactly the type of special interest-driven politics and policy that American voters rejected overwhelmingly last November…. [Project Labor Agreements] provide maximum benefit to construction users; union and non-union workers; union and non-union contractors; lenders and insurance companies; and taxpayers.”




This was only the beginning.

Though stymied on the Employee Free Choice Act, (the Card Check Act), abolishment of the secret ballot in elections which would make it easier for workers to form unions, organized labor claimed a big consolation prize: the massive application of a law guaranteeing “prevailing wages” for hundreds of thousands of construction workers hired under President Obama’s economic stimulus program.

Secretary of Transportation Ray LaHood implemented guidelines to expand the scope of the 1931 Davis-Bacon Act, according to a department spokesperson. LaHood’s action will put a floor under wages paid for the more than 578,000 construction jobs that the White House estimates will be created by the end of 2010. It also marks a sharp reversal of U.S. policy on public works projects under President Bush, who in September 2005 suspended Davis-Bacon in the Gulf States after Hurricane Katrina.

Such is the power of Stern that Obama once said he consulted with SEIU on every major decision he makes. Proof of the power is that the White House, when it became obvious that the Obama healthcare initiative was in danger of losing support and faced with a series of contentious town hall meeting in August, brought Stern and SEIU in to manage the campaign for approval.




Stern dispatched the SEIU mobile centers to coordinate town halls for nervous members of the House and Senate all over the nation. They were to control and counteract the opponents to the Obama healthcare proposals including filming events with their own video teams and feeding footage to the media to make the opponents look bad. Some say the tactics of the purple clad SEIU operatives was like thugs and one SEIU staffer was arrested for beating up an older man.




Even House Majority leader Steny Hoyer was fearful enough to hire SEIU to manage his town hall where they limited questions from the crowd to 20 total when over 1500 people were at the meeting and several hundred more were outside. Hoyer spent over one hour spouting the benefits of the Obama plan before people were allowed to take the mike and in spite of the SEIU efforts to control things the crowd began to boo his responses.

In September another victory for the unions when Obama imposed heavy import tax duties on imported Chinese tires at the request of labor unions, an action against that threatens to spark a trade war between the US and China. China has already threatened to add a tariff to imports of US poultry and vehicles. The action by Obama increased the 4% tariff on Chinese tires by 35%.

Now Congress is back and it is time to see if the big payoff is made to the SEIU, passage of health care reform that allows, even gives favorable treatment, to allow Stern to organize the health care industry in America. Over 17 million people work in health care and related social services in America. SEIU now represents about 1 million of these workers while the Communications Workers of America represents about 140,000 meaning the pool of non-unionized health care workers is huge.




SEIU expects to be the primary beneficiary of the health care reform using it to open doors to unionizing this massive prize. The union dues and lobbying wealth it would generate would dwarf current spending by the unions. A public option would make it even more desirable as public workers would be much easier to organize.

Unfortunately, the more SEIU has tried to function like a well oiled corporation the more difficulties it has encountered so it remains to be seen if Stern can wrap up the gigantic payback. If anyone can he can. However, his aggressive tactics have alienate many other unions and even some of the unions he has swallowed up are now protesting their treatment and threatening to withdraw from SEIU because of his heavy-handed tactics.

Corruption in SEIU is extensive, especially in California where battles between unions and between union leaders, most instigated by SEIU, threaten to tear apart the move to grow the unions. One union official in California calls Stern a "threat to the soul" of the union movement. Claims that members dues are being used to foster socialism and other causes not approved by members, even funding programs like the disgraced ACORN program, are a source of concern.




But the most serious threat to SEIU controlling the union movement in America may be the lavish spending to buy politicians, like the $60.7 million spent on Obama. Ironically, Obama and Congress may be the only thing standing between the union and bankruptcy. Stern led the condemnation of the greed and mismanagement on Wall Street. Now he stands to fall into the same trap as his Wall Street enemies.

According to the New York Daily News, in spite of the fact Stern undertook a bitter campaign against the Bank of America and even got the CEO thrown out last spring he was borrowing an astonishing $87.7 million from the bank at the same time. In another industry it would probably be called protection money. He borrowed another $15 million from the only union owned bank in America, the Amalgamated Bank. SEIU recently reported $33 million in assets and $102 million in liabilities.

The SEIU cannot afford delays in the payback by Congress and Obama, they need money and they need it fast. There are times the investor better have the money to invest before making the big jump. If SEIU spent $60.7 million on Obama and health care yet had to borrow $102 million to cover it the accounting does not seem to add up. It will be interesting to see if Obama, Pelosi and the Democrats can maintain the sense of urgency they need to approve the bill and help SEIU or if the public discovers the truth first.

In the tale of the two Masters, the SEIU has no chance against Goldman Sachs when it comes to deciding which master will win out with the Obama administration. Goldman has billions to manipulate while SEIU must borrow money to play the money game. So far the return to Goldman has already been in the billions of dollars while the token victories given to SEIU have not even made a dent in paying their debts.

Nor can SEIU match the vast army of former Goldman executives strategically placed throughout the Obama administration and throughout the world of finance and politics. No one has ever questioned the loyalty of this massive force. Andy Stern may have attended the Wharton School of Finance but Goldman wrote the course and probably financed the school's endowment fund.

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