Thursday, October 31, 2013

How the Economy Works

It's really much simpler than you've been led to believe.  There are four basic steps:

1. You pay your taxes.
2. The government gives your tax money to Goldman Sachs.
3. Goldman Sachs gives it to Hillary.
4. Repeat as needed.

From National Review On Line:

Hillary Clinton’s Lucrative Goldman Sachs Speaking Gigs

Hillary Clinton spoke at two separate Goldman Sachs events on the evenings of Thursday, October 24 and Tuesday, October 29. As both Politico and the New York Times report, Clinton’s fee is about $200,000 per speech, meaning she likely netted around $400,000 for her paid gigs at Goldman over the course of six days.
Last Thursday, Clinton spoke for the AIMS Alternative Investment Conference hosted by Goldman Sachs, a closed event exclusively for Goldman clients. AIMS is an annual conference that explores the latest strategies and products available to financial advisers. At the event, Clinton offered what one attendee described to me as “prepared remarks followed by questions.”
On Tuesday, Clinton spoke at the Builders and Innovators Summit, devoted to discussing entrepreneurship and how to help innovators expand and grow their businesses. According to Politico, Clinton conducted a question-and-answer session with Goldman CEO Lloyd Blankfein. Goldman Sachs declined to comment on the subject of her remarks or why Mrs. Clinton in particular was invited to the events.
Keeping close to the investment world, Clinton also made visits to private-equity firms KKR in July and the Carlyle Group in September. At KKR’s annual investor meeting in California, Clinton answered questions from firm co-founder Henry Kravis on the Middle East, Washington, and politics. At Carlyle Group, Clinton made a speech to shareholders moderated by Carlyle founder David Rubenstein.
Clinton’s office did not respond to a request for comment.

1 comment:

  1. Goldman CEO Lloyd Blankfein who was quoted once saying he was doing “gods work”.

    He must have a pretty nasty god if what Goldman Sachs is doing is gods work.