Tuesday, April 20, 2010
Screaming that the White House and the SEC had some form of improper communication or coordination regarding the Goldman Sachs complaint is STUPID, STUPID, STUPID.
The public isn't going to care if the White House instructed the SEC to take action against Goldman. They're not going to care if the White House forced the SEC to take action against Goldman. The public does NOT have, as Issa puts it, "serious questions about the commission’s independence and impartiality". The public thinks of the SEC as somewhat of a cop... and cops that report - in some way - to the President in the same way their local cops report to their Mayor.
What the public is going to see is that one of the (alleged) villains in the Wall Street mess is being chased by the cops, the supposed good guys. Whether or not Goldman actually did anything illegal or even unethical is an issue that 99% of the public is NOT going to have... or care about. All they're going to hear is something along the lines of the bad guys finally being called to task for their role in making everybody's lives so miserable for the past couple of years.
And if the White House is seen by the public as being instrumental in making this happen? Well... that's good for the White House.
So why is anybody in the GOP going after the White House on an issue that CAN NOT end well for the GOP?