WE OFTEN TALK ABOUT THE ESTABLISHMENT IN POLITICS.
WE
TALK ABOUT IT ON THE YOUNG TURKS, THE ESTABLISHMENT MEDIA
TALKS ABOUT IT, BUT THEY REFER TO THE ESTABLISHMENT AS
A COLLECTION OF PEOPLE, SENATORS, CONGRESSMEN, PARTY
OFFICIALS, ETC.
THAT IS NOT THE ESTABLISHMENT.
I WANT TO BE
CLEAR WITH YOU AND GIVE YOU A BETTER UNDERSTANDING OF WHO RUNS
POLITICS.
DONORS RUN POLITICS, EVERYONE ELSE IS WATER BOY.
SENATORS AND POLITICIANS TAKE ORDERS.
THEY ARE GIVEN CHECKS TO
RUN FOR OFFICE, AND AFTERWARDS THEY ARE GIVEN CHECKS FOR
PERSONAL REASONS.
HILLARY CLINTON WITH THE SPEECHES SHE
GIVES TO THE BANKS, CHRIS DODD GETS HIRED BY THE MOTION PICTURE
ASSOCIATION, EVAN BAYH, ALMOST ALL THE REPUBLICANS GO AND WORK
FOR PRIVATE EQUITY, WALL STREET, ONE OF THE CORPORATIONS THEY
HAVE BEEN SERVICING.
[BUFFERING]
WHO LOOMS LARGE?
THERE IS ONE COMPANY THAT LOOMS VERY LARGE,
GOLDMAN SACHS.
AND BLOOMBERG NEWS EXPLAINS --
YOU CAN TELL WHICH WAY THE VOTING WILL GO OFTEN BY WHICH
WAY THE MONEY WILL GO, AND YOU CAN TELL WHICH WAY THE MONEY
WILL GO BY WHICH WAY GOLDMAN SACHS WILL GO.
NOT EVERY TIME,
BUT OFTEN.
IN FACT, DID YOU KNOW THAT THE TOP DONORS TO PRESIDENT
OBAMA'S CAMPAIGN IN 2008 WERE THE BIG BANKS, INCLUDING GOLDMAN
SACHS?
NOW THEY HAVE SWITCHED AND ARE LARGELY ON THE
REPUBLICAN SIDE.
CAMPAIGN CONTRIBUTIONS FOR 2016 SO FAR,
61% TO REPUBLICANS.
WHERE'S THE MONEY?
IT IS ON THE GOP'S SIDE.
THAT IS NOT SURPRISING BECAUSE THE GOP IS SAYING WE PROMISE WE
WILL NOT REGULATE YOU, GOLDMAN SACHS.
WE WILL LET YOU RUN AMOK,
DO WHATEVER YOU WANT, TAKE WHATEVER RISKS YOU WANT, AND IN
THE PAST THEY HAVE BAILED THEM OUT.
[BUFFERING]
THEY HAVE GIVEN TOTAL CONTRIBUTIONS OF $773,000 TO JEB
BUSH'S CAMPAIGN.
RECENTLY THAT STORY HAS CHANGED AS HIS
CAMPAIGN HAS BECOME A DISASTER.
IN THE FOURTH QUARTER, YOU KNOW
HOW MUCH HE GOT FROM GOLDMAN SACHS?
A PALTRY $2950.
YOU KNOW
WHAT THAT MEANS?
PULL THE CHUTE, HE WILL NOT MAKE IT, BAIL
OUT.
IT IS A LOSING INVESTMENT.
THEY ARE NOW INVESTING THEIR
MONEY IN A NEW DIRECTION.
WHICH WAY ARE GOLDMAN SACHS EMPLOYEES
CONTRIBUTING NOW?
THEY HAVE GIVEN MAINLY IN THE FOURTH
QUARTER TO MARCO RUBIO.
HE HAS GOTTEN $107,000 JUST IN THE
FOURTH QUARTER OF 2015, THAT IS THE LAST THREE MONTHS.
IT IS
OBVIOUS WHO THE ESTABLISHMENT HAS AS THEIR FAVORITE CANDIDATE
TODAY.
THERE IS ONE OTHER PERSON INVOLVED IN THE MIX ON THE
REPUBLICAN SIDE, AND ONE OTHER PERSON YOU SHOULD TAKE NOTE OF.
ON THE REPUBLICAN SIDE WE ARE TOLD THAT THE LEAST
ESTABLISHMENT CANDIDATE, PERHAPS OUTSIDE OF DONALD TRUMP, IS TED
CRUZ.
SENATORS AND WASHINGTON PEOPLE DON'T LIKE HIM.
WAIT A
MINUTE, GOLDMAN SACHS APPARENTLY DOES LIKE HIM.
FOURTH-QUARTER
CONTRIBUTIONS TO TED CRUZ ARE $52,000, THAT IS MORE MONEY THAN
THE REST OF THE REPUBLICAN FIELD COMBINED IF YOU TAKE OUT RUBIO
AND BUSH.
IN FACT YOU CAN KEEP IN BUSH FOR THE FOURTH QUARTER.
ALL OTHER REPUBLICAN CANDIDATES GOT ONLY $19,000 OUTSIDE THE TOP
TWO.
I THOUGHT CRUZ WAS MR.
ANTI-ESTABLISHMENT.
NO, NO.
FIRST
OF ALL HIS WIFE WORKED AT GOLDMAN SACHS, THAT TILTS THE
SCALES AT THIS PARTICULAR COMPANY.
BUT ALSO IT GOES TO
SHOW YOU HE IS NOT THAT ANTI-GOLDMAN SACHS.
HIS WIFE
MAKES A TON OF MONEY FROM THEM, SHE IS ON SABBATICAL NOW TO HELP
WITH THE CAMPAIGN.
IN FACT, DID YOU KNOW THAT GOLDMAN SACHS GAVE
A LOW INTEREST LOAN TO TED CRUZ TO HELP HIM IN HIS 2012 SENATE
RUN?
AND DID YOU KNOW THAT TED CRUZ HAS TAKEN 36 MILLION DOLLARS
FOR HIS SUPER PACS FROM JUST FOUR DONORS?
TWO OF THEM ARE
BROTHERS, SO BASICALLY THREE SETS OF PEOPLE WHO HAVE GIVEN
HIM $36 MILLION TO DO WHAT?
THREE OF THEM ARE IN FRACKING,
SO THEY WANT TO MAKE SURE THEY KILLED OFF THE SUBSIDIES FOR
OTHER ENERGY COMPANIES IN OTHER PARTS OF THE ENERGY INDUSTRY --
MISSION ENCOMPASSED.
THAT IS EXACTLY WHAT HE IS IN FAVOR OF.
LOWER TAXES FOR MILLIONAIRES AND BILLIONAIRES?
CHECK, TED CRUZ IS
IN FAVOR OF IT, HE WANTS TO DEMOLISH THE IRS.
WHEN THEY SAY
THE ESTABLISHMENT IS AGAINST TED CRUZ, DON'T BELIEVE THE HYPE.
THE DONORS STILL LIKE HIM A LOT.
IT DEPENDS ON WHICH DONOR, BUT
IN THE CASE OF GOLDMAN SACHS, WHO IS A PRETTY GOOD ARBITER OF
WHICH WAY THE MONEY WILL GO IN THE LONG RUN, THEY DON'T MIND
TED CRUZ AT ALL.
AND THERE'S ONE OTHER PERSON WHO IS VERY
RELEVANT, SHE IS NOT A REPUBLICAN.
THE OTHER PERSON WHO
HAS RECEIVED A LOT FROM GOLDMAN SACHS IS HILLARY CLINTON.
$32,000 IN THE FOURTH QUARTER, THAT IS THIRD BEHIND MARCO RUBIO
AND TED CRUZ.
$103,000 TOTAL FROM GOLDMAN SACHS EMPLOYEES SO
FAR.
AND THEN ALSO AN ADDITIONAL $100,000 TO HER SUPER PAC.
SO
WHEN SHE SAYS, AS SHE DID A DAY BEFORE THE IOWA ELECTION, I WILL
TAKE ON THE BIG COMPANIES IN THE FINANCIAL INDUSTRY, IF BY TAKE
ON SHE MEANS TAKE ON THE MONEY THEY WILL GIVE ME, THAT IS TRUE.
GOLDMAN SACHS HAS GIVEN HER ABOUT $650,000 TO PUT IN HER
POCKET, NOT FOR HER CAMPAIGN.
BEFORE SHE STARTED RUNNING FOR
PRESIDENT SHE WOULD GET $200,000 FOR A SPEECH, NOBODY HAS THAT
MUCH WISDOM.
THAT IS BASICALLY GOLDMAN SACHS SAYING, GOOD JOB
FOR YOUR PAST SERVICES, AND A LITTLE DOWN PAYMENT ON FUTURE
SERVICES.
IF YOU WANT TO KNOW WHO THE ESTABLISHMENT LIKES, IT
IS THESE FOLKS.