[Congressional Record (Bound Edition), Volume 156 (2010), Part 5]
[House]
[Page 6092]
[From the U.S. Government Publishing Office, www.gpo.gov]




     NATIONAL MEDIA SHOW DOUBLE STANDARD ON GOLDMAN SACHS COVERAGE

  (Mr. SMITH of Texas asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. SMITH of Texas. Mr. Speaker, during President George W. Bush's 
first term, the national media gave extensive coverage to the Bush 
administration's relationship with Enron. The New York Times wrote, 
``Their ties are broad and deep and go back many years.'' Time Magazine 
reported on ``Bush's Enron Problem.'' A Chicago Tribune headline read, 
``Bush urged to be open about Enron.''
  Eight years later, by comparison, national coverage of the Obama 
administration's connection to Goldman Sachs is scarce. The SEC has 
filed suit against Goldman Sachs, charging it intentionally misled 
investors who participated in a mortgage securities deal that was 
designed to fail. Goldman Sachs employees gave President Obama over $1 
million in campaign contributions, nearly seven times as much as 
President Bush received from Enron workers, according to numbers on 
OpenSecrets.org and as reported by the Washington Examiner. The 
Examiner also reported that several current and former members of the 
Obama administration have close ties to Goldman Sachs.
  The national media should give Americans the facts, not practice 
double standards.

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