Lloyd Blankfein, CEO of Goldman Sachs, has told people inside Goldman that he will in all likelihood support Mitt Romney for president should he win the GOP nomination. Fortunately for Obama, at this point in the nomination process, he is at no danger of winning.
That being said, the GOP nominees seem to be like fish in a barrel, each one being shot in several important organs by weeks of bad press. Survival seems geared less to political prowess than by donning protective ideological armer.
Blankfein had been one of Obama’s supporters after Hillary Clinton’s unsuccessful bid to be the Democratic candidate in 2008, unlike Goldman’s president Gary Cohn, who had been an early supporter of Obama. His reasons for unsupporting Obama are unclear. Given the fact that former Goldman CEO Jon Corzine has yet to be indicted for the disappearance of millions of dollars in private accounts in his MF Global Holdings, perhaps may never be indicted, by Obama’s justice department, one would think Blankfein might ardently support Obama in the coming election. However, Blankfein might consider the MF Global collapse yet another “act of God”, the same act which caused his own company to receive TARP money from the previous administration in order to bail it out (from former Goldman CEO Hank Paulson in his position as Bush administration Treasury secretary, I might add). In this case, supporting a Republican might seem the logical choice.
If the pool of GOP contenders gets whittled down to one pathetic little goldfish, say, Rick Santorum, then Obama can securely ride the pretense of supporting the Occupy Wall Street group. It seems if Romney wins, however, that the gloves come off.