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Thursday, April 22, 2010

Obama to keep Goldman donations


WSJ
President Barack Obama won't return about $1 million that employees of Goldman Sachs Group Inc. donated to his 2008 presidential campaign, according to a spokesman for the Democratic National Committee...

Lawmakers in several states who received donations from Goldman are being challenged by political opponents to return the campaign funds...

Since 1989, no company has donated more to Democrats than Goldman. The company was the fourth-largest corporate source of campaign cash to Republicans during the same period.

Overall, Goldman has made $31.6 million in donations from its PAC and employees since 1989, according to the Center for Responsive Politics. About two-thirds of those donations have gone to Democrats, including about $1 million given to Mr. Obama's presidential campaign.

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