Rand Paul Gets Private Audience at Goldman Sachs

Exhibit A of Rand Paul wrapping his arms around the moneyed class.

National Journal
Shane Goldmacher
Add to Briefcase
Shane Goldmacher
Dec. 17, 2014, 12:08 p.m.

Sen. Rand Paul’s hunt for polit­ic­al pat­rons took him to Man­hat­tan this week and in­to the sym­bol­ic epi­cen­ter of Wall Street wealth: the Gold­man Sachs headquar­ters.

Paul spoke Monday to a closed-door audi­ence at the firm’s 200 West of­fices as part of an in­tern­al com­pany speak­er series known as Talks@GS. Paul ap­peared be­fore a couple hun­dred Gold­man of­fi­cials, com­pany spokes­man An­drew Wil­li­ams said, and the mod­er­ated Q&A ses­sion was broad­cast in­tern­ally throughout the com­pany.

For Paul, the ap­pear­ance is an­oth­er ex­ample of how a can­did­ate who first ran as an anti­es­tab­lish­ment tea parti­er (his 2011 book was titled The Tea Party Goes to Wash­ing­ton) has wrapped his arms around the moneyed class.

Paul has been can­vassing the New York donor set heav­ily as part of a widely ex­pec­ted pres­id­en­tial run in 2016. The fin­an­cial sec­tor is one of the biggest sources of cam­paign cash in the coun­try, es­pe­cially for Re­pub­lic­ans, and Gold­man is one of the biggest play­ers on Wall Street. Gold­man em­ploy­ees doled out more than $8.3 mil­lion to fed­er­al can­did­ates and parties dur­ing the 2012 cam­paign, ac­cord­ing to the Cen­ter for Re­spons­ive Polit­ics.

Monday’s event las­ted 45 minutes, with Paul tak­ing ques­tions from John F.W. Ro­gers, a Gold­man ex­ec­ut­ive vice pres­id­ent and chief of staff to the board, who served in the Re­agan ad­min­is­tra­tion in the 1980s and, at Gold­man, was a top con­fid­ante to both Jon Corz­ine and Henry Paulson when they were CEOs.

Paul spoke about for­eign policy, the eco­nom­ic re­cov­ery, and race re­la­tions, ac­cord­ing to Wil­li­ams, and he was well re­ceived.

Paul is not the first pos­sible 2016 Re­pub­lic­an con­tender to speak at Gold­man’s Talks@GS series. Sen. Ted Cruz of Texas ap­peared earli­er in the year, Wil­li­ams said. Cruz’s wife, Heidi, works in Gold­man’s Hou­s­ton of­fice. Some past Demo­crat­ic guests have in­cluded Rep. John Lewis and former Sec­ret­ary of State Madeleine Al­bright, though the speak­er series isn’t only polit­ic­al. Car­din­al Timothy Dolan, bas­ket­ball play­er Ray Al­len, and de­sign­er Tory Burch have all re­cently ad­dressed Gold­man’s em­ploy­ees.

Dur­ing his ini­tial 2010 cam­paign, Paul ran a tea-party cam­paign in­fused by more-pop­u­list rhet­or­ic. Back then, in an in­ter­view later pos­ted to You­Tube by Luke Rudkowski, Paul hawked his ef­forts to audit the Fed­er­al Re­serve, say­ing one goal would be to “ex­pose the people through an audit—maybe like Gold­man Sachs and dif­fer­ent banks that are mak­ing a lot of money off the U.S. tax­pay­er through these spe­cial deals they are get­ting with the Fed­er­al Re­serve.”

What We're Following See More »
UNTIL AFTER RECESS
Health Care Vote Delayed
2 hours ago
WHY WE CARE
BASE IS LOCKED DOWN
Possible Active Shooter at Alabama Military Installation
4 hours ago
THE DETAILS
SO SAYS CORNYN
Senate Procedural Vote Now Coming on Wednesday
4 hours ago
THE LATEST
SPORTS LEAGUES HAD OPPOSED
SCOTUS to Hear Sports Betting Case
5 hours ago
THE DETAILS

"The U.S. Supreme Court has given new life to New Jersey's challenge to a federal sports betting ban, with the high court announcing Tuesday that it hear an appeal of federal court decisions that have blocked the state's plans. That extends a six-year effort led by Gov. Chris Christie to allow expanded gambling at Monmouth Park." The NFL, NCAA, and other popular sports leagues had opposed the sports betting there and at other New Jersey locations.

Source:
PENTAGON CONFIRMS WHITE HOUSE STATEMENT
More Chemical Weapons Activity Spotted at Syrian Base
6 hours ago
THE LATEST

"The Pentagon said Tuesday the United States has seen chemical weapons activity at Syrian air base used in past chemical attack." A Pentagon spokesman confirmed what the White House first said Monday night: that "Bashar Assad appears to be taking some of the same actions he took before a chemical weapons attack on his own people in April."

Source:
×
×

Welcome to National Journal!

You are currently accessing National Journal from IP access. Please login to access this feature. If you have any questions, please contact your Dedicated Advisor.

Login